Ann: More Strong Results at Mt Alexander, page-8

Hi All

Well the SP didn’t collapse like some holders predicted when the latest CR was announced and now we have another excellent update which should give all holders even more confidence that St George is getting very close to a significant discovery in the Cathedrals Belt.

IMO the SP will be going up significantly so all holders just need to relax, stay positive and let things unfold as nothing we all think and / or say will change the inevitable.

The best part of today’s announcement for me is that St George is now focusing down dip to the north west towards the northern end of the Cathedrals Belt. As several of us posters have been highlighting for the last 12 plus months this Deep Down Dip North West drilling will deliver something special in our humble collective opinion.

Extracts from today’s announcement that are special for me:

“The shallow, high-grade nickel-copper sulphides discovered at the Cathedrals Belt to date are associated with mafic-ultramafic intrusions interpreted to have passed upwards from the Earth’s mantle through structures located in the northern margin of the Belt. “

“Downhole EM (DHEM) surveys underway in these deeper holes have now identified multiple off-hole EM conductors, which are excellent targets for the discovery of further nickel-copper sulphide mineralisation.

These new EM targets from the deeper holes indicate that the large, high-grade mineral system at the Cathedrals Belt is ‘live’ at depth. “

“We are seeing increasing potential for significant mineralisation at depth, and are excited to be escalating our drill programme to more intensely test this priority target area.”

“MAD168 is a large 95m step-out to the north of the previously known mineralisation in MAD123, and has confirmed a significant extension of the down-plunge strike of high-grade mineralisation at Investigators.

The breccia and stringer sulphides intersected by MAD168 suggest remobilisation from a larger and proximal source of massive nickel-copper sulphides.”

“Figure 3 is a long section of the area at Investigators where the new EM conductors have been identified by DHEM surveys, and shows the location of those conductors down-plunge of the known nickel-copper sulphide deposits.”

“Drill results have shown that large volumes of mineralisation – including massive, semi-massive, matrix and disseminated sulphides – can occur around the modelled EM plates but are not detected by EM surveys.”

Don’t under estimate this last statement as there is significantly more in the ground surrounding all the DHEM plates St George has been seeing and drilling to-date. The only way to clarify this is to drill it all and that will happen eventually but for now St George needs to focus on the Big Prise that imo lies Down Dip North West.

Other good news is the proposed RC drilling at Radar, Bullets, Fish Hook and the MLEM at West End towards the Ida Fault in the western section of the Cathedrals Belt. I'm very keen for West End due to its proximity to the Ida Fault which could be a potential primary feeder to the Northern part of the Cathedrals Belt.

Very Happy Days Ahead for ALL Holders as this exciting drilling program unfolds and vectors in on the main sulphide source.

Cheers SandyC