SGQ st george mining limited

Ann: RIU Resources - Presentation, page-4

  1. 1,011 Posts.
    lightbulb Created with Sketch. 648

    DRILLING OF NICKEL-COPPER SULPHIDE TARGETS – UPDATE

    ASX Announcement 9 April 2019

    • Drill programme extended:
      • Additional drill holes planned to test new EM conductors
      • Geophysical surveys underway at West End ahead of drilling towards the Ida Fault
      • Further drilling to be planned following a review of ongoing DHEM survey results
      • Drilling of EM conductors will commence this week


    IMO The previous set of drilling was to investigate possible extensions to the strike and extend the line of drill holes westwards along the Cathedrals Belt to the Ida Fault. This is all new ground with the DHEM surveys then done they can start the next stage of drilling. The last announcement 9 april 2019 said drilling of EM conductors was starting. Remember we ase looking for the main ore body of nickel sulphides not every hole will find Nickel. I believe we have been very lucky to date with the drilling, partly due to the decisions made on where to drill being based on the use of good technology and very experienced management with a good understanding of the geology.

    Having said all that you are right an announcement is due in the next week or so.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)
Last
4.0¢
Change
0.001(2.56%)
Mkt cap ! $106.9M
Open High Low Value Volume
4.0¢ 4.0¢ 3.9¢ $285.1K 7.161M

Buyers (Bids)

No. Vol. Price($)
33 15541910 3.9¢
 

Sellers (Offers)

Price($) Vol. No.
4.0¢ 2631083 8
View Market Depth
Last trade - 16.10pm 01/08/2025 (20 minute delay) ?
SGQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.