SX:CC - St-Georges Releases Overlimit Re-assays for Nickel Copper Platinum & Palladium at Manicouagan Critical Minerals Project
(TheNewswire)
Montréal – TheNewswire - May 17, 2023 – St-Georges Eco-MiningCorp. (CSE:SX) (OTC:SXOOF) (FSE:85G1) is pleasedto announce the remaining assay results for Hole MN22-03 from theCompany’s Fall 2022 Drill Program on the Manicouagan Critical andStrategic Minerals Project.
Hole MN22-003 encountered visible semi-massive tomassive zones of sulfide mineralization from near surface (5.6 metersof overburden, then bedrock) to a 15-meter depth. Due to thesignificant multiple overlimit assay thresholds in portions of thehole, MN22-003 was re-assayed from 8 meters to 14 meters on0.25-to-0.75-meter intervals depending on the intensity of themineralization and where overlimit thresholds of the lab occurred.
Assays are stillpending for rhodium, osmium, ruthenium, and iridium.
MN22-003 intersected 9.4 meters averaging 1.11% nickel, 0.56% copper, 0.035% cobalt,0.97 g/t platinum, 1.54 g/t palladium, 0.023 g/t gold, and 3094 ppmarsenic. This section was originally sampled on1-meter intervals with the exception of the first sample, which wascollected on 1.4 meters.
The recent partial resampling results are asfollows:
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8 to 9.75 meters averaged 2.43% nickel, 1.18% copper, 0.07% cobalt,2.99 g/t platinum, 3.84 g/t palladium, 0.046 g/t gold, and 4671 ppmarsenic over 1.75 meters. Individual quartermeter samples assay up to 4.1%copper, 3.36% nickel, 0.09% cobalt, 5.08 g/t platinum, and 6.66 g/tpalladium, as illustrated in Table 1 below .
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11.75 to 12.5 meters averaged 2.99% nickel, 1.13% copper, 0.06% cobalt,3.06 g/t platinum, 1.98 g/t palladium, 0.04 g/t gold, and 2525 ppmarsenic over 0.75 meters. Individual quartermeter samples assay up to 4.03% nickel, 1.975% copper, 0.081% cobalt, 4.83 g/t platinum, and3.25 g/t palladium, as illustrated in Table 1 below
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13.5 to 14.5 meters averaged 0.76% nickel, 0.45% copper, 0.02% cobalt,0.31 g/t platinum, 0.47 g/t palladium, 0.016 g/t gold, and 900 ppmarsenic over one meter .
In a second zone, low-grade mineralization starts at 27meters and continues to 35 meters. The relatively high magnesiumcontent (average 14.5%) suggests an ultramafic host rock. The8-meter-thick zone averages 0.16% nickel, 0.007% copper, 0.009%cobalt, and 0.17% chrome.
The above results are especially noteworthy not onlyfor the significant grades in base and precious metals but also forthe complementary values in arsenic. Arsenic is shown to be acoincident mineral with elevated nickel and PGE values. Historicalwork has pointed to gersdorffite as the main nickel-arsenide mineralresponsible for the elevated arsenic and PGE values. This metric helpsto triangulate the Company’s focus both at surface and in drilling.Arsenic is dispersed over a larger area and may help identify holesthat have been close to the high-grade mineralization but may havefailed to intersect it.
This hole indicates that the mineralized horizon is atpaleosurface and is covered by approximately five meters of glacialdebris and alluvium. Further evaluation of the historical and recentdrill results will be undertaken to follow up on the relationship ofarsenic within and adjacent to the Bob, Tom, Carl, Sam, and DernièreChance Zones.
Table 1. Assay results for MN22-03include one-meter intervals.
Table 2. Re-assay results for MN22-03with shorter intervals
Figure 1. 2022 and 2023Drilling
Figure 2. 2022 & 2023 Drilling inthe Bob Zone, Assays for MN22-03, MN22-10, and Bulk Sample.
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 help to provide vectoring in onfurther high grades of mineralization first identified in the BobZone. The Tom, Dernière Chance, and Sam areas stretch over a5-kilometer corridor from the Bob Zone. These areas of knownmineralization at surface and in single and multiple intercepts are ofsimilar grades and widths to Bob.
Qualified Persons and QA/QC
George Yardonov, P.Geo., a QualifiedPerson as defined by National Instrument 43-101 (“NI 43-101”), hasreviewed and approved the scientific and technical contents of thisnews release.
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
The Canadian Securities Exchange (CSE) has not reviewed and does notaccept responsibility for the adequacy or
the accuracy of the contents of this release.
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