Discovery of a high-grade nickel and palladium deposit
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MONTREAL, QC / ACCESSWIRE / April 11, 2022 / St-Georges Eco-Mining Corp. (CSE:SX)(OTCQB:SXOOF)(FSE:85G1) is pleased to disclose additional partial results alongside historical results related to resampling and core assay related to the Company’s pre-2021 campaign drilling effort from its 100% owned Manicouagan project.
Drill core assays contain results of up to 2.11 g/t platinum, up to 7.88 g/t palladium, up to 1.73 g/t rhodium, up to 2.63 g/t ruthenium, up to 2.2% copper and up to 9.49% nickel.
The Company has not yet published all of these results. Since recovering substantially all of the core from the camp site, the Company has initiated a program to re-record and sample portions of the core that had not previously been sampled while leaving intact those portions that had historically been sampled.
Company geologists believe assay availability has been significantly confirmed by the partial results from hole 21-18 to date. See the press release of March 24, 2022 entitled “Confirmation of the discovery of a large corridor of high-grade nickel and palladium” https://www.thecse.com/en/trading/market-activity/company-filings/discovery-of-high-grade-nickel-palladium-large-corridor.
This and previous work has provided evidence for the identification of a new discovery called the Bob Zone containing high-grade mineralization that has dimensions of 180 meters in length in an east-west direction and at least 80 meters deep based on drill intercepts.
Mineralization is open at depth and along strike.
Additionally, two widely spaced holes with similar mineralogies are located 1.34 km to the northeast (hole 07-09) and 2.8 km to the east (hole 07-32) without nearby boreholes. Although there are spaced holes drilled between the Bob showing and the holes mentioned above which contain little or no values, the complex structural regime and our increased knowledge of the area allow us to identify a corridor of 3 km transporting high-grade palladium and nickel. , still to be analyzed for rhodium, which offers a mineralization signature similar to the Bob Zone discovery while being along strike. This corridor is very promising and the Company intends to prioritize this zone to investigate the continuity or the presence of multiple mineralized lenses.
Table 1 presents a summary of results from the previous drill hole and includes previously reported results for hole 21-18. Table 2 provides individual sample results for each of the summary areas.
It should be noted that while there are significant platinum and palladium values in these results, there are limited assays for rhodium, ruthenium, iridium or osmium for pre-campaign holes. drilling of 2021.
In addition to the limited intersections sampled in hole 21-18 from the recent drill campaign, 5 drill holes returned significant intersections of rhodium and ruthenium:
- Hole 07-05 yielded 0.960 g/t of rhodium & 1.380 g/t of ruthenium more than 0.62 meters;
- Hole 07-06 yielded 0.6 g/t rhodium and 0.59 g/t ruthenium over 0.44 meter;
- Hole 07-17 returned 0.440 g/t rhodium and 0.40 g/t ruthenium over 2.04 meters;
- Hole 08-02 returned 0.054 g/t rhodium and 0.029 g/t ruthenium over 1.84 meters;
- Hole 08-04 gave 1.73 g/t of rhodium and 2.63 g/t of ruthenium more than 0.22 meters;
It should also be noted that a surface channel sample from Bob’s index analyzed 1.01 g/t of rhodium and 1.15 g/t ruthenium more than 1.98 meters on the surface.
The Company believes that there will be significant added value in these minerals. As such, the future plan for this project is to analyze all platinum group elements (PGE) where a significant amount of nickel, cobalt and/or copper is present or where certain weathering characteristics indicate potential.
Subsequent holes located in the Bob and Bob East zones were generally drilled in a due north direction with the objective of intercepting mineralization at right angles. Additionally, holes in this zone were drilled in a range of -40 degrees to -75 degrees to demonstrate continuity down dip and along strike.
Although not the Company’s top priority, several other mineral-rich models are worth mentioning. Widely spaced holes with singular narrow intersections of low grade nickel and modest amounts of PGE occur in several zones. Copper-zinc zones with up to 3% combined mineral content and a significant amount of gold are present in several drill holes. Currently, these remain a low priority based on dollar value compared to the high-grade Ni-Cu-Co-PGEs the Company is currently working on.
Table 1. Summary table of analysis results for the Manicouagan project
Table 1: Summary table of analysis results for the Manicouagan project
Table 2 below provides individual sampling intervals with specific intervals and values.
Table 2: Individual sample intervals with specific intervals and values.
Map 1: showing Bob’s area with several hole positions
“(&) We believe that the values defined above coupled with the apparent additional PGE credits associated are significant in value. Although some of the intersections are narrow, the overall dimensions and peripheral mineralized holes are encouraging for a major nickel discovery. -cobalt -copper with high levels of palladium, rhodium, platinum, ruthenium, osmium and iridium (&) I look forward to the next phase of exploration (&)“, commented Herb Duerr, president of St Georges Eco-Mining.
About St-Georges Eco-Mining Corp.
St-Georges develops new technologies to solve some of the most common environmental problems in the mining sector, including maximizing metal recovery and fully recycling electric vehicle batteries. The Company explores for nickel and PGEs on the Julie Nickel Project and the Manicougan Palladium Project on the North Shore of Quebec and has several exploration projects in Iceland, including the Thor Gold Project. Based in Montreal, St-Georges shares are listed on the CSE under the symbol SX and trade on the Frankfurt Stock Exchange under the symbol 85G1 and on the OTCQB venture capital market for US and international start-up and development companies. . Companies are up-to-date with their declarations and submit to an annual verification and management certification process. Investors can find real-time quotes and company market information at www.otcmarkets.com
The Canadian Securities Exchange (CSE) has not reviewed and accepts no responsibility for the adequacy or accuracy of the content of this release.
THE SOURCE: St-Georges Eco-Mining Corp.
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