SXOOF - St-Georges Initiates 11600m Drilling Campaign on Julie Nickel Project
(TheNewswire)
Montréal – TheNewswire - May 12, 2021 – St-Georges Eco-Mining Corp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN) , an up-and-coming leader in green energymetals exploration, green technologies, and battery recycling, would like to update its shareholders andstakeholders on the initial phases of drilling planned on its JulieNickel & Energy Metals project on the Québec North Shore.
Julie Project Development
The Company has completed the surface geophysicscampaign initiated in February. A contracted independent third partyhas received the preliminary geophysical report. The Company’sgeologists and geophysicists expect to be able to file a final reportin the coming days.
The initial interpretation of the results coupled withthe recent results from bulk sampling from a destructive percussivedrilling campaign alongside the reinterpretation of historical workprogram results has led the Company to almost double the land size ofthe project.
Nickel Results
In November 2018, St-Georges undertook a percussivehammer drilling campaign on the Julie nickel showing and along thenortheast extensions. About six vertical drill holes, 10 to 15metres long by 10 cm (4 each) hole diameter, were drilled directly onthe outcropping nickel-copper mineralization. Each sample consisted ofa 1.5m length weighing approximately 25 kg each. These samples werebagged, identified, and sealed. The samples were processed at thelaboratory of the Magnor Exploration Inc. geoscience contractor ofSt-Georges. The samples were unpacked and processed by a certifiedgeochemist. The geochemist proceeded to homogenize and separate intoseveral equal samples using a riffle splitter and verify thehomogeneity of all samples by multiple measurements of nickel with ahandheld XRF Vanta analyzer. Only two samples from hole JU-18-01 (from0.0 to 1.5m, 0.75kg weight) and from hole JU-18-03 (from 0.0 to 1.5m,0.87kg weight) with significant nickel content identified by XRFinstrument were selected for assay at a certified laboratory. The twocomposite samples, weighing less than 1 kg, were embedded, sealed,identified, and shipped to the certified ALS laboratory in Val d'Or,Québec. ALS lab treated the samples by fine crushing, splitting, andpulverizing. Finally, the samples were analyzed for precious and basemetals by ICP-MS and ICP-AES for high-graded nickel samples.
Significant nickel assay results of 1.56% nickel over1.5 metres and 0.47% nickel over 1.5 metres were obtained from assayedcutting samples from Julie Ni-Cu showing. The nature of rocks sampledconsists of pyrrhotite-pentlandite-bearing (iron and nickel sulfides)stringers and clusters (5-15% volume rock) hosted in strongly foliatedleuco gabbronorite.
P hoto 1:Percussive hammer drill hole JU-18-03 (0-1.5m) on Julie Ni-CU showingshow in the hole the rusty stained pyrite, pyrrhotite, and pentlandite(nickel sulfide) stringers and clusters hosted in foliatedgabbronorite (drill hole have 4 inches in diameter).
Photo 2: Fresh cut on margin of thedrill hole JU-18-03 show fresh pyrite (PY), pyrrhotite (PO),chalcopyrite (CP), and pentlandite (nickel sulfide included inpyrrhotite) stringers and clusters hosted in foliated gabbronorite.
| Sample Number |
| Sample Weight |
| Cobalt % |
| Copper % |
| Initial Nickel ppm |
| Reassay Nickel % |
| J18-01 |
| 0.75 kg |
| 0.037 |
| 0.267 |
| ?10,000 |
| 1.565 |
| J18-03 |
| 0.87 kg |
| 0.01135 |
| 0.0806 |
| 4830 |
| 0.461 |
The balance of the material that wasnot sent to the independent laboratory for assays was delivered to theSt-Georges Metallurgy team for bulk processing in support of research& development initiatives.
Upcoming Drilling Campaigns
The Company geologists have planned the following fullyfinanced drilling campaigns on three of the Company’s projects inQuébec.
| Julie Nickel |
| Manicouagan Palladium |
| Villebon Platinum |
| 11,600m in 2 phases |
| 10,000m in 1 phase |
| Up to 750m in One phase |
Julie Nickel
The surface geophysical report is expected this week.The permitting request and budget are being finalized, and the Companyexpects to file for permitting within a week. Presentation of thework program to the stakeholders, including the First Nation ofPessamit, who own the Ancestral Rights to the land on which Julie islocated, will then be consulted.
At the time of the dissemination of this press release,the drills and drilling equipment have been secured and ready and areready to be moved on site. A team from the Company is currentlyonsite for the planning and logistics of the camp, which has beenprefabricated over the last three weeks. Water and fuel managementare also being assessed.
Map of Julie Nickel Project ProposedDrilling
Manicouagan Palladium
A forward base of operation allowing helicopter andfloatplane operation has been established on the north-eastern banksof the Manic V reservoir and is accessible to freight trucks. Theforward base can host the teams that will be in rotation on theprojects. The Company expects to deliver by chopper the floatplanedocking structure at Camp Helene on the project. The material tobring the camp to current COVID norms will be delivered starting thisweekend. The team will initiate field reconnaissance work and bringhistorical drill cores from the camp core shack to the forward base tobe transported to southern Québec. The Company intends to resampleportions of the retrieved cores with special attention given to PGEsthat were not formerly assayed historically. Permitting should befiled right after the Julie permitting process is initiated with theMinistry of Natural Resources.
Villebon Platinum
The Company expects to drill two deep holes on theVillebon Project to test the depth of the historical resourcescontained within the Céré showing. Permitting will be initiatedthis week. Drillers, geologists and support staff should be lodged orwill commute from the nearby town of Val d’Or.
Regulatory and Media Contacts only:Frank Dumas, COO, 514.295.9878 fdumas@dumasbancorp.com
Jean-Paul Barrette P.Geo, Aprofessional geoscientist (OGQ #619) (GAC #F7146) and an IndependentQualified Person as defined by National Instrument 43-101, hasprepared, supervised the preparation or approved the scientific andtechnical disclosure in the news release.
ON BEHALF OF THE BOARD OF DIRECTORS
“HerbDuerr”
HERB DUERR
President & CEO
About St-Georges
St-Georges is developing new technologies to solve someof the most common environmental problems in the mining industry. TheCompany controls all the active mineral tenures in Iceland. It alsoexplores for nickel & PGEs on the Julie Nickel Project and theManicougan Palladium Project on the Québec’s North Shore.Headquartered in Montreal, St-Georges’ stock is listed on the CSEunder the symbol SX, on the US OTC under the Symbol SXOOF and on theFrankfurt Stock Exchange under the symbol 85G1.
The Canadian Securities Exchange(CSE) has not reviewed and does not accept responsibility for theadequacy or the accuracy of the contents of this release.
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