SGQ 3.23% 3.2¢ st george mining limited

Ann: St George Starts Major Drilling Campaign, page-23

  1. 13,592 Posts.
    lightbulb Created with Sketch. 295
    The interesting one is the post by @jordon above. These are two of the 6 holes but these appear to be the 500m + ones to be drilled by DD.

    JP said as follows in the 22 April ann:

    "John Prineas, St George Mining’s Executive Chairman, said:
    “The MT survey data is showing us that there is an extensive and deep-reaching structural network at Mt
    Alexander, which is typical of large nickel sulphide systems.
    “We are seeing new conductive zones along strike and down-dip of known nickel-copper sulphide deposits
    – these locations are very favourable for the potential discovery of additional mineralisation.

    “The deeper conductive zones start at 300m to 500m below surface so we are still looking at depths that
    are relatively shallow compared to most current nickel sulphide mines in Western Australia.
    “With four shallow, high-grade discoveries across a 5.5km strike of the Cathedrals Belt, we have always
    believed that if the system is that long it must also be deeper than the extent of the current discoveries.
    “The new MT data increases our confidence that there are more nickel-copper sulphide deposits to be
    discovered at Mt Alexander. We look forward to the start of our upcoming drill programme.” "


    I hope the first two DD holes drilled are the ones in Jordon's post - from other anns it appears this anomaly could be very "productive"! Hope some geos can comment!
 
watchlist Created with Sketch. Add SGQ (ASX) to my watchlist
(20min delay)
Last
3.2¢
Change
0.001(3.23%)
Mkt cap ! $31.63M
Open High Low Value Volume
3.1¢ 3.2¢ 3.0¢ $55.18K 1.787M

Buyers (Bids)

No. Vol. Price($)
3 939421 3.0¢
 

Sellers (Offers)

Price($) Vol. No.
3.2¢ 358179 5
View Market Depth
Last trade - 16.10pm 12/07/2024 (20 minute delay) ?
SGQ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.