Weekend STT Lounge: 22-24th Aug, page-20

BML - entry for STT FA long
Nickel-Copper-Silver exploration company who has three high grades discoveries under their belt.
Market cap of almost 14m and 580m shares on issue. JV with BCL who is owned by Botswana Gov and is currently on aggressive mood to aquire assets for its survival and the survival of 55k population town. 4 million Jv to aquire 40% of the project and 70% to take the project in to BFS..
Currently drilling underway by two diamond rigs and one RC rig which is used for precollaring. So far 8 holes has been drilled 7 twin holes and one step out hole. All holes have hit mineralisation including massive sulphide zones and update due on holes 9-13 which were pre collared by RC rig. Here is a snapshot of so far:

1st Hole - Mad58 hit 37 meters of variable sulphide Including 2.58 meters of massive sulphide zones with majority Xrf readings 2-5% nickel and 8.7m semi massive sulphides with majority readings 0.5-2% nickel and disseminated sulphides of 25.5 meters with majority readings 0.1-1% nickel. These results are quite similar to twin hole if not better....

2nd Hole- Mad57 hit 30 meters of variable sulphides.... Massive sulphide zones of 15.52m with Majority XRF results are 1-5% nickel. Semi message sulphide zones include majority readings from 0.1%-2% nickel... This is almost the same with disseminated zones however zones were 10.63m.

Hole 3 hit 10 meters of sulphides and most importantly hole 4 has hit 17.5 meters of sulphides.... Hole 4 was the first step out hole and hence I consider it a great success hitting nickel there.

Overall almost 140 meters of mineralisation and 600 meters strike with possible extension to 1.6km.

Samples for first 8 holes have been dispatched SGG labortries in South Africa with results due 4-6 weeks. Samples will also be tested for metallurgical test for compatibality...The drilling program will be folowed by a JORC resource. Plenty of news flow.

and this is it for me for the day!

Cheers