SGQ 0.00% 2.5¢ st george mining limited

Some extremely excited and upbeat language used in this...

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  1. 1,335 Posts.
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    Some extremely excited and upbeat language used in this announcement!
    DRAC35, a drill hole completed as part of the Project Dragon drilling in 2012, made the first-ever intersection
    of nickel sulphides at the East Laverton Property. It remains the most important nickel sulphide intersection
    at the East Laverton Property to date, and strongly supports the case for the discovery of massive nickel
    sulphide mineralisation on the Stella Range Belt.

    The disseminated sulphides encountered in DRAC35 are hosted in komatiites associated with underlying
    metal-rich, sulphidic exhalative sediments (1600 ppmZn and 1100 ppmCu). This is a good environment for
    the formation of massive nickel sulphides.

    This provides further evidence that the disseminated nickel sulphides in DRAC35 are located in an area with
    very favourable conditions for massive sulphide formation.

    This from John Prineas himself..."Desert Dragon is a compelling target which offers immediate opportunity to test for massive sulphides and to expand on the discovery of disseminated sulphides by DRAC35."

    Drill hole DRAC35 is hopefully the "company maker" hole. I think SGQ believe it is and I hope that they have got it right!!
 
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