SX:CC - Preliminary Results from the Fall 2022 Campaign on the Manicouagan Critical Minerals Project
(TheNewswire)
Montréal – TheNewswire - May 16, 2023 – St-Georges Eco-MiningCorp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleasedto release some of the preliminary results for the Company’s Fall2022 Drill Program.
A series of results were received and interpreted formost intervals for which grades did not reach the threshold limitsmore than once. The one exception is Hole MN22-03, which has reachedlab assay threshold limits multiple times on some intervals. At thetime of this press release, the results from that hole are beinganalyzed and compiled to be released in the coming days. The Companyis also in receipt of a draft preliminary report of the airbornegeophysics that contains important information that will be central tofuture exploration campaigns on the Project. A complete report shouldbe available to the Company’s geologists by Q3, and a summary of itsfindings will be disclosed at that time.
An additional six-hole program was conducted in Spring2023 for 1,424 meters. The total for both programs is 3,229 meters.
Fall 2022 Drilling Results
Drill holes MN22-01 through MN22-05 tested the westernextensions of the Bob Zone. Holes MN22-002, 003 and 004 encounteredvisible semi-massive to massive zones of sulfide mineralization withina broader zone of disseminated mineralization extending the Bob Zoneanother 20 meters to the west.
MN22-04 intersected 2.51% nickel, 1.635% copper, 0.064% cobalt,2.34 g/t platinum, and 2.77 g/t palladium over one meter occurring within a 6-meter zone averaging 0.49% nickel, 0.02% cobalt, 0.05% chrome, 0.03% copper, 0.41g/t platinum, 0.50 g/t palladium, and 5.9% magnesium. The hole is anoffset of MN22-03 and starts at a depth of six meters.
Hole MN22-02 intersected a zone of 22meters of 0.16% nickel, 0.01% cobalt, 0.16%chrome, 0.04 g/t platinum, 0.13 g/t palladium, and 15.2% magnesium,including 0.65% nickel, 0.185%copper, 0.048% cobalt, 0.4 g/t platinum, and 1.58 g/t palladium overone meter . This intercept is included within a23-meter zone assaying. The hole is an offset of MN22-01 and starts ata depth of 17 meters. Hole MN22-01 appears to have been positioned inthe footwall of the zone intersecting nine meters of 0.16% nickel,0.01% cobalt, 0.16% chrome, 0.03 g/t platinum, 0.05 g/t palladium, and16.2% magnesium.
Hole MN22-05 intersected an intermittent zone of weaklymineralized rock near surface over 17 meters grading 0.07% nickel,0.01% cobalt, 0.09% chrome, 0.01 g/t platinum, 0.01 g/t palladium, and8.7% magnesium.
Holes MN22-06 through 09 were drilled in a north-southfence approximately 60 meters east of Holes MN21-17 and 18. Theseholes were planned to test extensions of the Bob Zone but failed tofind high grades. MN22-006 through 008 didn’t encounter anysignificant ultramafic rocks or significant mineralization. HoleMN22-09 intersected weak mineralization in three bands from two to sixmeters grading up to 955 ppm arsenic, 0.011% cobalt, 0.16% chrome, 13%magnesium, 0.14% nickel, 0.021 ppm platinum, and 0.021 ppmpalladium.
Holes MN22-10 and 011 were drilled approximately 215meters west of Hole MN22-05, testing a magnetic high. They weredrilled off the same pad, which offset the magnetic high to the southby 100 meters. Both holes encountered thick intercepts of low-grademineralization.
MN22-010 intersected 78 metersgrading 0.18% nickel, 0.011% cobalt, 0.2% chrome, 6% iron, 16.6%magnesium, 515 ppm arsenic, 0.01 ppm platinum, and 0.01 ppm palladiumfrom 64 to 141 meters.
Hole MN22-11 intersected 50 meters of0.16% nickel, 0.01% cobalt, 0.17% chrome, 6% iron, 738 ppm arsenic,0.008 ppm platinum, and 0.007 ppm palladium. Hole MN22-11 ended in two meters of similar grades from 145 to 147.This hole was continued to 231 meters in the 2023 Program. The holehas been logged and is in the process of being cut and sent to the labfor analysis.
The Bob Zone has high grades of nickel, copper, cobalt,and PGEs along an easterly trending fault zone traceable for up to 280meters in length. The mineralization is hosted in altered gabbro(sericite-talc) and ultramafic rocks. The mineralization consists ofmassivepyrrhotite-nickel-copper-cobalt-platinum-palladium-rhodium-arsenic.This massive sulfide zone is mainly surrounded by a talc-sericiteenvelope which also hosts nickel, copper, cobalt, and PGEs without theiron content.
Holes MN22-10 and 011 have a high background of arsenicsimilar to the high-grade nickel-copper-PGE results in the Bob Zone.Visual logging of the core and localized XRF readings have identifiedblebs and narrow veinlets associated with bedding planes containingmuch higher grades than the average. These were not broken outindividually during sampling but rather have been consolidated in1-meter sections.
The addition of elevated magnesium content in certainassay results presented here indicate an ultramafic host rock. Inaddition, arsenic is becoming a pathfinder mineral that, in manycases, aligns with nickel and PGEs. This knowledge will help guidefurther exploration drilling.
Spring 2023 Drilling
All 2023 drilling has been logged and is being splitfor distribution to an ALS laboratory. Similar to the 2022 DrillProgram, significant zones of ultramafic rocks were encountered withvisually apparent sulfides distributed as disseminated zones withmassive sulfide lenses. The drilling is widespread and distributedover a corridor of over five kilometers in length. These holes testedEM and magnetic anomalies identified during the 2022 work programs.
Figure 1 showsthe locations of recent 2022 and 2023 drill holes with the magneticsurvey background. Figures 2and 3 show a close view of drilling within theBob Zone (2022) and the Astrobleme and EM anomalies (2023) with themagnetic survey background.
Figure 1. 2022 and 2023Drilling
Additional work on the property will take advantage ofthe new EM and magnetic surveys and new understandings of thestructure and surface geochemical targeting of arsenic. Theseadvancements in understanding will provide vectoring in on furtherhigh grades of mineralization first identified in the Bob Zone. TheTom, Dernière Chance, and Sam areas stretch over a 5-kilometercorridor from the Bob Zone. These areas of known mineralization atsurface and in single and multiple intercepts are of similar gradesand widths to Bob.
Figure 2. 2022 and 2023 Drill HoleLocations in the Bob Zone
Figure 3. 2023 Drill Holes within theAstrobleme Area .
Figure 4. Colors Filled PreliminaryRendition of Magnetic Survey with Drill Hole location.
Qualified Persons and QA/QC
Herb Duerr, P.Geo. is the QualifiedPerson as defined by National Instrument 43-101 (“NI43-101”) and has reviewed and approved thescientific and technical contents of this news release.
The technical contents of this release were approvedby George Yordanov, P.Geo., anindependent Qualified Person as defined by National Instrument43-101.
ON BEHALF OF THE BOARD OF DIRECTORS
‘FrankDumas’
FRANCOIS (FRANK) DUMAS
Chief Operating Officer & Director of St-GeorgesEco-Mining Corp.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some ofthe most common environmental problems in the mining sector, includingmaximizing metal recovery and full-circle battery recycling. TheCompany explores for nickel & PGEs on the Manicouagan and JulieProjects on Quebec’s North Shore and has multiple explorationprojects in Iceland, including the Thor Gold Project. Headquartered inMontreal, St-Georges’ stock is listed on the CSE under the symbol SXand trades on the Frankfurt Stock Exchange under the symbol 85G1 andas SXOOF on the OTCQB Venture Market for early stage and developingU.S. and international companies. Companies are current in theirreporting and undergo an annual verification and managementcertification process. Investors can find Real-Time quotes and marketinformation for the company on www.otcmarkets.com
Visit the Company website at www.stgeorgesecomining.com
For all other inquiries: public@stgeorgesecomining.com
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the accuracy of the contents of thisrelease.
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