Additional Encouraging Results from the Julie Nickel-Copper Discovery; 1.82% Nickel Over 11.64 Metres Channel Intersection
27 January 2015 - 7:08AM
Access Wire
Baie-Comeau, Quebec /
ACCESSWIRE /
January 26, 2015
/ St-Georges
Platinum and Base Metals Ltd. (CSE: SX) (85G1.F) (US OTC: SXOOF) is pleased to announce today that a new
series of results increased the size and grades of the previously
reported mineralized T1 Zone, as well as additional positive
results from the T2 Zone from its wholly owned Julie Nickel-Copper
project on the Quebec North Shore.
Results from T1 Zone
The initial
discovery on the T1 Zone which yielded 1.71% Nickel over 8.49
meters was reported on December 29, 2014. New results from the
Channel #1 on the T1 Zone extend the length of the intersection an
additional 3.15 meters grading 2.14% Nickel, 0.33% Copper and 0.04%
Cobalt. These compiled results are highlighted in the table
below:
---------------------------------------------------------------------------------
| |From |To |Interval*|Nickel|Copper|Cobalt|
|-------------------------------------------------------------------------------|
| |(Metres)|(Metres)|(Metres) |(%) |(%) |(%) |
|-------------------------------------------------------------------------------|
|T1 Channel 1 |0 |11.64 |11.64 |1.82 |0.29 |0.04 |
| Including new |8.49 |11.64 |3.15 |2.14 |0.33 |0.04 |
|result |0 |8.49 |1.71 |0.27 |0.27 |0.03 |
| Including already reported*| | | | | | |
---------------------------------------------------------------------------------
* Reported channel sections are not
true widths there is insufficient data with respect to the shape of
the mineralization to calculate true orientations in
space.
The starting
point of the channel cut was located at N49? 57.463'
W69? 27.045'
Zone T1 is an area measuring 70 metres by 56
metres. The ultramafic intrusive suite that hosts the new discovery
can be traced along a magnetic conductor identified in 2011, which
runs for approximately 13 kilometres in a WSW to ENE
trend.
Results
from T2
Zone
The T2 Zone is a surface mineralized zone
measuring 52 metres by 18 metres. This zone is located 116 metres
away from the initial discovery of "T1" on an East-North-East
trend. It is categorized by a series of small gossans within a
larger zone of mafic and ultramafic rocks at or near
surface.
When added to the T1 Zone already identified it
covers a total strike length of 238 meters of mineralisation and
coincides with the ultramafic
intrusive suite which hosts the new discovery.
The table below outlines the results
from an 18.68 metre channel sample taken sub-parallel the
mineralized body at surface and starts approximately 171 meters
away from the end of the channel #1 on T1 zone:
-------------------------------------------------------------------------
| |From |To |Interval*|Nickel|Copper|Cobalt|
|-----------------------------------------------------------------------|
| |(Metres)|(Metres)|(Metres) |(%) |(%) |(%) |
|-----------------------------------------------------------------------|
|T2 Channel 3 |0 |18.68 |18.68 |1.10 |0.23 |0.03 |
| Including|9.33 |18.68 |9.35 |1.45 |0.28 |0.03 |
| |9.33 |13.62 |4.29 |1.56 |0.28 |0.03 |
|Including | | | | | | |
-------------------------------------------------------------------------
* Reported
channel sample sections are not true widths. An apparent surface
width of 8 meters can be calculated but at this time there is
insufficient data with respect to the shape of the mineralization
to calculate true orientations in space.
The starting point of the channel sample was located
at N49? 57.515' W69? 26.910'
Quality Control
Mr. Joel Scodnick (P.Geo.), Vice-President
Exploration of the Company, is the independent qualified person for
the technical disclosure contained in this news release. Mr.
Scodnick has supervised the work programs on the Julie Project,
examined the samples summarized in this release, discussed,
reviewed the results with the Company's geological staff and
reviewed the available analytical and quality control
results.
Channel cuts
samples and drill core samples were transported in sealed bags from
Baie-Comeau to a warehouse facility in Montreal. There they have
been opened, washed, photographed again, logged, resealed and
transported to Agat Laboratories in Dorval, Quebec. Agat
Laboratories transported the samples to their analytical facilities
in Mississauga, Ontario. Base metal analyses were initially
obtained via ICP-AES Aqua Regia and 4 Acid digestions. The two
digestion methods show good correlation. Nickel values in excess of
10,000 ppm were reanalyzed using a sodium peroxide fusion followed
by ICP-AES finish.
ON BEHALF OF THE
BOARD OF DIRECTORS
Mark
Billings,
Mark Billings, Chairman
About St-Georges
St-Georges is a Platinum-Palladium & Nickel
explorer with projects in the Province of Quebec, Canada.
Headquartered in Montreal, the Company's stock is listed on the CSE
under the symbol SX and its shares trades in the United States
under the Symbol SXOOF and on the Frankfurt Stock Exchange under
the symbol 85G1. Its Flagship project is the Julie Nickel Project
on Quebec's North Shore near the deep-seaport town of Baie-Comeau.
For additional information, please visit our website at
www.stgeorgesplatinum.com.
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.
The Canadian Securities Exchange (CSE) has not
reviewed and does not accept responsibility for the adequacy or the
accuracy of the contents of this release.
SOURCE: St-Georges Platinum and Base Metals Ltd.