SGQ 3.23% 3.2¢ st george mining limited

Ann: Trading Halt, page-72

  1. 7,557 Posts.
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    The Siemens readings do not predict anything about the possible size of a high grade intercept. Think of it as a mirror which is reflecting a signal back to the sensor ... what is behind the reflection can not been known in advance. The magnitude of the reading also doesn't give any information about the possible intercept either... a conditioning factor is distance from the sensor (and probably a host of other things).

    Confirming high grade at depth is the minimum result, which will prove MA is prospective and sentiment for SGQ will now be much better. Even a couple of metres is good. However, it could be a whole lot more interesting... just have to wait and see.

    In one of the more recent interviews JP mentioned SGQ was conferring with a US explorer (Talon Metals) about their project in Minnesota in which they also are using DHEM to target the drill. Talon began to find nickel after about 2 years of exploration and, like SGQ, could not "see" anything from the surface... below is a link to their latest announcement which gives an idea of what can be possible.

    https://talonmetals.com/talon-metal...ect-21-73-meters-71-2-feet-grading-8-35-nieq/

    If we only find a metre or so of high grade the SP will recover enough for a sensible CR price.... but if the trading halt has been called for an intercept of several metres it's blue sky from now on.... imo.
 
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3.2¢
Change
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3.1¢ 3.2¢ 3.0¢ $55.18K 1.787M

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3 939421 3.0¢
 

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3.2¢ 358179 5
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