St-Georges Platinum and Innus Historic Mining Exploration Agreement
05 May 2010 - 12:44AM
Marketwired Canada
St-Georges Platinum and Base Metals Ltd. (CNSX:SX) is pleased to report that is
has signed an historic mining exploration agreement with the Innus of Pessamit
in the Province of Quebec.
The agreement provides St-Georges with the consent of the Innus to carry out its
mining exploration campaigns on the ancestral lands of the Innus of Pessamit.
Recognizing the benefits of working together, St-Georges and the Innus have
agreed to put in place a definitive agreement detailing their collaboration in
the development of the economic potential of the mining resources located on the
ancestral lands, pursuant to which St-Georges will undertake to communicate its
exploration plans and results to the Innus in a timely manner.
"The determination to build a lasting relationship shown by both parties is
beneficial to communities along the North Shore of Quebec, the Innus of
Pessamit, the population of the port town of Baie-Comeau and to all St-Georges
shareholders and stakeholders," stated St-Georges' President and CEO Frank
Dumas.
Chief Raphael Picard of the Innus of Pessamit added, "This agreement will allow
the Innus of Pessamit to participate in the economic benefits of St-Georges'
projects, to participate directly in the investment opportunities and to offer
to St-Georges the possibility of eventually constructing production
infrastructures on our territory." The Pessamit territory, which is near
St-Georges' Isukoustouc group of properties on the North Shore of Quebec, covers
an area of 145,000 km2 and is inhabited by 4,000 members of the Innu Nation.
ON BEHALF OF THE BOARD OF DIRECTORS
Frank Dumas
Frank Dumas, President & CEO
About St-Georges
St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and Nickel
explorer with projects in Quebec, Canada. Headquartered in Montreal, Quebec, the
company's stock is listed on the CNSX Exchange under the symbol SX. It owns
jointly with Litewave Corp the Villebon property in Abitibi Quebec and eight
North Shore properties that constitute the Manicouagan constellation and owns
100% of the Isukoustouc group of properties on the Quebec's North-Shore near the
deep sea port town of Baie-Comeau. For additional information please visit our
website at www.st-georgesplatinum.com
Forward looking Statement:
This document contains certain forward looking statements which involve known
and unknown risks, delays, and uncertainties not under the Company's control
which may cause actual results, performance or achievements of the Company to be
materially different from the results, performance or expectation implied by
these forward looking statements.
St Georges Eco Mining (CSE:SX)
Historical Stock Chart
From Dec 2024 to Jan 2025
St Georges Eco Mining (CSE:SX)
Historical Stock Chart
From Jan 2024 to Jan 2025
Real-Time news about St Georges Eco Mining Corp (Canadian Securities Exchange): 0 recent articles
More St-Georges Platinum and Base Metals Ltd. News Articles