SGQ - St George Mining

[System]

St George Mining Limited (SGQ) has secured exploration projects in two richly mineralised areas of Australia – the North East Goldfields of Western Australia and the Pine Creek Orogen in the Northern Territory.

St George Mining has 100% ownership of a tenement package covering a contiguous area of 1,421.50 sq km in the eastern fringe of the North East Goldfields of Western Australia. The Company's tenements in this region host the Crusader Gold Project, the Zeus Nickel Project and the Empire Copper Project. Previous exploration has generated a number of attractive targets. Several of these are ready for immediate definition drilling whilst others will provide a pipeline of strong exploration targets for further assessment.

In the Northern Territory, the Company has entered into an option to acquire an 80% interest in a tenement area that is prospective for gold and uranium. The ground hosts the Blue Thunder Gold Project and the White Strike Uranium
Project. The Company has applied for two additional exploration licences in the Pine Creek region which, if granted, would increase the total project area to 1,086 sq km.

http://www.stgeorgemining.com.au

 

[springhill]

SGQ came onto my radar around 10 days ago after the announcement that BHP had handed back the licence for its East Laverton Project and an oversubscribed capital raising.
Placed a bid @ 13.5c and missed out by 0.5c, had I placed the bid @ 14c it would have realised an immediate potential profit of 50%.
Timing is everything!

Patersons have just started coverage of SGQ.
http://stgeorgemining.com.au/analysts-reports.html

My understanding is that there is a fair amount of positive industry chatter relating to the Nickel Sulphide drilling campaign, which may not amount to anything other than chatter of course.
http://www.asx.com.au/asxpdf/20140527/pdf/42pvlkrmpyz2pt.pdf

IMO definitely one to keep an eye on and I will be looking for any early weakness around the 14-15c mark.

 

[Paavfc]

SGQ came onto my radar around 10 days ago after the announcement that BHP had handed back the licence for its East Laverton Project and an oversubscribed capital raising.
Placed a bid @ 13.5c and missed out by 0.5c, had I placed the bid @ 14c it would have realised an immediate potential profit of 50%.
Timing is everything!

Patersons have just started coverage of SGQ.
http://stgeorgemining.com.au/analysts-reports.html

My understanding is that there is a fair amount of positive industry chatter relating to the Nickel Sulphide drilling campaign, which may not amount to anything other than chatter of course.
http://www.asx.com.au/asxpdf/20140527/pdf/42pvlkrmpyz2pt.pdf

IMO definitely one to keep an eye on and I will be looking for any early weakness around the 14-15c mark.

Not to sure about the 14 - 15c range anymore....

 

[springhill]

Not to sure about the 14 - 15c range anymore....

It seems that ship may have sailed, on the positive side the SP increase seems based upon speculation so any sucessful drilling campaign should see a price north of this level.....

 

[greggles]

SGQ up today on news of an outstanding intersection of nickel-copper sulphide mineralisation at the Mt Alexander Project.

Drill hole MAD71 at the Stricklands Prospect has intersected:

• 17m of nickel-copper sulphide mineralisation from 37.5m downhole comprising massive, matrix, stringer, brecciated and disseminated nickel sulphides, with
• massive nickel-copper sulphides comprising a total of 10.1m of the overall intersection

Up 46.15% today to 19c on volume of more than 27 million shares.

 

[greggles]

St George Mining continues its impressive run. Up another lazy 49% today to 33.5c.

 

[greggles]

Fairly flat market today but SGQ is a standout. Up 40.48% on good news regarding drilling results at the company's Mt Alexander Project.

St George Mining Limited (ASX:SGQ) (‘St George Mining’ or ‘the Company’) is pleased to announce that laboratory assays have confirmed the significant high grade nickel-copper-cobalt-PGE mineralisation intersected in MAD71 at the Stricklands Prospect.

This 17.45m thick intersection of nickel-copper-cobalt-PGE mineralisation is the best intersection to date at the Mt Alexander Project and confirms this prospect area as a priority for further exploration.

HIGHLIGHTS:
• Laboratory assays confirm the significant high grade intersection of nickel-copper-cobalt-PGE sulphides in MAD71 with:
◦ 17.45m @ 3.01%Ni, 1.31%Cu, 0.13%Co and 1.68g/t Total PGEs from 37.45m including the massive sulphide zones of
◦ 5.3m @ 4.39%Ni, 1.45%Cu, 0.21%Co and 2.09g/t Total PGEs from 39.3m and
◦ 2.02m @ 5.05%Ni, 2.01%Cu, 0.21%Co and 3.31g/t Total PGEs from 50.6m and
◦ 0.5m @ 3.68%Ni, 3.9%Cu, 0.17%Co and 2.68g/t Total PGEs from 54.4m

• Drilling continues to intersect mineralised ultramafic east and north-west of MAD71 with further areas of the strong SAMSON EM anomaly (250m x 150m) yet to be drill tested.

 

[greggles]

St George Mining recovering nicely since its announcement last Thursday that it has intersected high-grade massive nickel-copper sulphides at the Investigators Prospect within the Mt Alexander Project.

SGQ is looking like a potential breakout with 18c serving as resistance. Watching for a catalyst to push it above 20c.

 

[Buckfont]

Infill and extension drilling at Investigators planned. Also first drilling at the Fairbridge prospect and Mt Alexander belt also planned so has the potential to improve their resource.

 

[Buckfont]

Looks like they have funding...............
St George secures loan facilities of USD4million and AUD1million• St George fully funded for drilling in 2019

 

[Buckfont]

Coming out of a trading halt Mon or Tues. Have had a solid drilling campaign for the last month, and potential for discovering more massive sulphides, which may explain the TH. Nickel price also looking very healthy.

 

[tinhat]

Coming out of a trading halt Mon or Tues. Have had a solid drilling campaign for the last month, and potential for discovering more massive sulphides, which may explain the TH. Nickel price also looking very healthy.

If there is something exciting to report from the drilling, the timing with Nickel going off couldn't be better. Let's hope it goes boom. I hold.

 

[greggles]

SGQ on the move. Up from 16c to a high of 25.5c in the last week. Today's move was exceptionally strong on high volume.

The company responded to an ASX Price and Volume Query earlier today with the following explanation for the recent share price increase:

The Company is currently undertaking an extensive drill programme at its flagship Mt Alexander Project (Project), located in Western Australia’s north‐eastern Goldfields, with more than 6,000m of drilling planned.

On 2 September 2019, the Company announced that drilling of an electromagnetic (EM) conductor at the Radar Prospect resulted in a new discovery of high‐grade nickel‐copper sulphides – see our ASX Release dated 2 September 2019 ‘New Discovery of Nickel‐Copper Sulphides’.

A number of additional EM conductors are planned for drilling in this programme, including new EM conductors at the unexplored Bullets and Fish Hook Prospects. Details of these high priority targets were contained in our abovementioned ASX Release and in our ASX Release dated 13 August 2019 ‘High‐Grade Nickel‐Copper Sulphide Drilling’.

A Research Report dated 2 September 2019 was issued by Argonaut Securities and commented on the latest drilling at the Project including the Radar discovery.

St George’s exploration success at the Mt Alexander Project comes at a time when the nickel price has risen sharply to a four‐year high, igniting strong investor interest in growth nickel companies such as St George.

We believe a combination of the above factors has contributed to increased investor interest in the shares of St George.

I expect we'll see some further news coming through soon.

 

[tinhat]

I bought SGQ a few months ago when I went long nickel miners and explorers. Unlike MCR which I traded through the volatility, I've watched SGQ go all the way up to $0.25 and come all the way down again.

One of the things that has kept my position in SGQ quite small is the fact that John Prineas, the Executive Director & Chairman running the show is a banker not a geologist or miner.

I came across this interview with Prineas on the weekend. My interest was peaked by his comments and associated body language starting at 2:36



Then I had a look at the chart and noticed that a head and shoulders had formed on the daily. So when I woke up this morning I thought, Santa is coming, I ought to buy something and topped up on SGQ. Happy to hold for the medium term.

 

[Buckfont]

DHEM surveys have revealed 2 prime targets. Drill rig was due last week to start testing the new conductors in the Cathedrals Belt. With a very high success rate in testing these types of conductors, discovery of massive sulphides is looking good in the near term.

 

[peter2]

Unfortunately for the holders the drill results showed that they missed the strong conductor target as "did not intersect any conductive material that could explain the very strong conductor". They're having another go at it as well as drilling another smaller target (16200 Siemens EM conductor).

Price dropped from 0.17 to 0.13 on the miss. I'm bidding low for a spec position in the hope they hit it next time.

A long term shareholder (not me) and company optimist (definitely not me) thinks mgt explains their drilling programme and potential poorly.

 

[Captain_Chaza]

I have entered the little SGQ in the October 2022 Classic Regatta
I cannot resist a Good Looking Chart

 

[barney]

I have entered the little SGQ in the October 2022 Classic Regatta I cannot resist a Good Looking Cha

I agree Mr Captain.

I see you are entering the classic monthly regatta based on the current chart.

I am now a little interested in the potential of the longer term chart, after inspecting your observations. Cheers.

Definitely on the watchlist!

 

[noirua]

St George Mining (ASX:SGQ) discovers new nickel targets at Mt Alexander, WA

St George Mining (ASX:SGQ) identifies five new nickel targets at its Mt Alexander project in Western Australia.

themarketherald.com.au

St George Mining (SGQ) has identified new nickel targets at its Mt Alexander project in Western Australia.

The company completed a fixed loop electromagnetic (FLEM) survey to further constrain the anomalous response detected in the moving loop electromagnetic survey completed a couple of months ago.

 

[Dona Ferentes]

I cannot resist a Good Looking Chart

..... enough to jump as high as $0.055 on News

High-grade lithium confirmed in rock chip samples as ongoing field mapping identifies a significant extension of the outcropping pegmatites containing visible lithium minerals