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SX St Georges Eco Mining Corp

0.055
-0.005 (-8.33%)
03 Jul 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
St Georges Eco Mining Corp CSE:SX CSE Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.005 -8.33% 0.055 0.055 0.06 0.055 0.055 0.055 20,425 15:19:54

St-Georges Platinum and Base Metals Ltd.: New Mineralized Zone Expanding to the West at Villebon

07/09/2011 5:43pm

Marketwired Canada


St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(BERLIN:85G) is pleased to
provide updates on the second phase of its drilling program carried out on the
Villebon property located 45 km southeast of Val d'Or in the Abitibi Greenstone
Belt of Quebec. 


Currently, eleven (11) holes core have been completed and one additional hole
from the 2010 campaign was extended. The locations of the drill holes are shown
in Figure 1 link below. The holes investigated the extension of
Ni-Cu-mineralized peridotite sills/komatiite flows within the South and North
zones.  


Holes 07 and 08 cut through tens of meters of massive, siliceous, brecciated and
sheared andesite/basalt rocks that are chloritized, hematized and display
carbonitization in stockwork stringers. (See picture in Figure 2.).The
mineralization consists of disseminated coarse to fine-grained pyrite/pyrrhotite
and veinlets with accessory chalcopyrite and arsenopyrite. Mineralized
intersections for holes 07 and 08 are 50 m (43-93 m) and 47 m (93-140 m)
respectively. Core analyzes are underway and assay results will be released
within five to ten weeks. Core log observation for other holes are pending. 


Previously released observations reported regarding drill hole logs indicate
that holes FV-11-01, 02, 04 and 05 intersected a disseminated to massive
pyrrhotite-chalcopyrite zone within altered (chloritized+/-carbonatized)
peridotites/komatiites at relatively shallow depths (17 to 70 m). The apparent
thickness of the mineralized ultramafic rocks varies from 3 to 16 m. 


Hole FV-11-06 cut through deca-metric massive, siliceous, brecciated and sheared
andesite/rhyolite rocks that are chloritized, hematized and display
carbonitization in stockwork stringers. A section of 54 m (apparent thickness)
contains semi-continuous pyrite/pyrrhotite in flattened pods or veinlets
accompanied by very fine-grained disseminated pyrite+/-chalcopyrite +/-
arsenopyrite (1-10%). The style of mineralization and alteration observed in the
core is compatible with possible precious metal mineralization. Core analyzes
are underway and assay results will be released within five to ten weeks. 


To view the figure 1 and figure 2, please visit the following link:
http://media3.marketwire.com/docs/LKD0907.pdf 


About St-Georges 

St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and Nickel
explorer with projects in the Province of Quebec, Canada. Headquartered in
Montreal, the Company's stock is listed on the CNSX under the symbol SX and on
the Berlin Stock Exchange under the symbol 85G. It owns a 70%-interest in the
core portion of the Villebon property in Abitibi and 100%-interest in the
extensions of the property to the north and southeast, a 100%-interest in eight
North Shore properties that constitute the Manicouagan constellation and a
100%-interest in the Isoukustouc group of properties on Quebec's North Shore
near the deep-seaport town of Baie-Comeau. For additional information, please
visit our website at www.stgeorgesplatinum.com. 


Michel Boily,Ph.D,. P.Geo, St-Georges Vice-President Exploration is a qualified
person under NI 43-101. Mr. Boily has reviewed and approved the technical
content of this release.


Forward-looking Statement: 

This document contains certain forward-looking statements which involve known
and unknown risks, delays, and uncertainties not under the corporation's control
which may cause actual results, performance or achievements of the corporation
to be materially different from the results, performance or expectation implied
by these forward-looking statements.


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