St-Georges Samples Shows Promising Nickel Grades at Julie
06 October 2011 - 1:35AM
Marketwired Canada
St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(BERLIN:85G) is pleased to
announce initial results from its Quebec North Shore Fall 2011 ground campaign.
A total of 21.53 kg were taken from the previously identified 1.5 km south-west
to north-east mineralized trend on the Julie Property. See Table 1 below for
results:
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SAMPLE Cu (wt.%) Ni (wt.%) Fe (wt.%)
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2219 0.32 1.52 19.20
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2220 0.32 2.03 21.10
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2221 0.36 1.85 20.10
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2222 0.34 1.41 19.95
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2285 0.37 1.83 20.00
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2286 0.32 1.71 19.15
------------------------------------------------
2287 0.35 1.82 20.20
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2288 0.35 2.09 22.00
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2290 0.36 1.85 20.10
------------------------------------------------
2291 0.26 1.80 19.60
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2292 0.27 1.75 19.45
------------------------------------------------
2293 0.31 1.63 18.95
------------------------------------------------
2294 0.36 1.83 20.70
------------------------------------------------
2295 0.36 1.85 19.95
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Average 0.33 1.78 20.03
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The initial Ni-Cu mineralization is found in a noritic lens oriented 070 degrees
(2 x 25 m) in contact with cataclastic graphitic paragneiss (Clark et al.,
2003). The observed sulphide mineralization consists of pyrrhotite (15%),
pentlandite (4%) and chalcopyrite (2%). The sulphides are disseminated or define
elongated stringers within the hornblende norite. The surrounding lithologies
are made of gabbro, leucotroctolite, quartzofeldspathic gneiss, amphibolite and
ultramafic rocks. A collection of fourteen (14) grab samples from and nearby the
Julie showing yielded average assay values of 0.33 wt. % Cu and 1.78 wt. % Ni.
Recent prospection on the Julie property has revealed four other mineralized
sites which are associated with gabbroic/ultramafic intrusives rocks near the
contact with metasedimentary rocks. These new sites extend the possible Cu-Ni
mineralized zones to a 1.5 km NE-oriented corridor (Figure 1).
To view the Figure 1, please click on the following link:
http://media3.marketwire.com/docs/stgeorges_big.jpg
Isoukustouc Ground Campaign Updates
The Company has been conducting a preliminary mapping campaign on the entire
Isoukustouc Property. To this date, seven (7) new mineralized targets were
identified and over one hundred new outcrop sites were mapped.
North Shore Drilling Campaign
The Company has commissioned Landdrill International to conduct its fall 2011
drilling campaign. The exploration team of St-Georges has identified over 40
targets on the Julie and Isoukustouc properties and will conduct an exploration
drilling campaign totalling 8,800 meters. The drilling permits have been already
filed with the Quebec Ministry of Natural Resources and should be received in
the coming days. Drilling is planned to start by late October to early November.
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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