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St Georges $SX.ca Provides #Lithium Processing Update & New Canadian Focused Subsidiary

Posted by AGORACOM-JC at 3:49 PM on Thursday, October 5th, 2017

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  • Provides update on the progress of a few of its business initiatives
  • Received in Montreal a first delivery of material from the Bonnie Claire sedimentary lithium project, which is 100% owned by Iconic Minerals (TSX-V: ICM)

Montreal, Quebec / October 5, 2017 – St-Georges Platinum & Base Metals ltd (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to update its shareholders and stakeholders on the progress of a few of its business initiatives.

Lithium Research Initiative Update

The Company has received in Montreal a first delivery of material from the Bonnie Claire sedimentary lithium project, which is 100% owned by Iconic Minerals (TSX-V: ICM). St-Georges’ metallurgists have devised a protocol to extensively test the material in order to prepare a multi-tonne larger bulk test in a pilot plant environment later this fall in collaboration with St-Georges R&D partners. Please refer to St-Georges’ press release dated August 10, 2017 for details regarding the relationship between St-Georges and Iconic Minerals.

St-Georges’ research team will be working on the optimization of the lithium recovery process specific to the Bonnie Claire project’s mineral composition and will be reviewing the potential economic recovery of secondary commodities such as strontium. The approach can be summed up to a combination of hydrometallurgy and mineral process configured in such a way that it optimizes the liquid separation of the valuable elements. St-Georges has now moved away from the stage of the proof of concept and is currently characterizing and identifying the key performance indicators for each step of the lithium recovery pertinent to Bonnie Claire’s mineral material.

New Canadian Focused Subsidiary

Mr. Mark Billings, chairman of the board of St-Georges, will become the president of a new subsidiary of St-Georges that will be receiving certain assets of the company, including the nickel, copper & cobalt project known as the Isoukustouc Project, which is located on the Quebec North Shore, north of the deep-sea port town of Baie-Comeau and on the territory of the Quebec Government Initiative known as the “Northern Plan”.

About Isoukustouc

Owned 100% by St-Georges, the Isoukustouc Project is located 75 km north of the town of Baie-Comeau on the Quebec North Shore and is composed of 32 claims representing an approximate total of 1,800 hectares or 18 square kilometers. Previously reported historical assay values obtained on selected grab samples yielded grades of 17.00% wt. copper, 3.84% wt. nickel and 0.20% wt. cobalt. The 2012 surface sample program from the B40 section yielded 1.85% nickel and 0.335% copper on average. An exploration program of 2,343 line-km of airborne magnetic geophysical survey with 100m spacing was completed in 2011.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

St-Georges to Develop Extraction Technology for Lithium Developer $SX.ca

Posted by AGORACOM-JC at 11:25 AM on Thursday, August 10th, 2017

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  • Signed binding term sheet with Iconic Minerals Ltd (TSX-V: ICM)
  • St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Iconic’s Bonnie Claire lithium project in separation, recovery, and purification of lithium from its lithium bearing material

Montreal, Quebec / August 10, 2017 – St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has signed a binding term sheet with Iconic Minerals Ltd (TSX-V: ICM) pursuant to which St-Georges has agreed to provide research and development utilizing products, extraction methods and proprietary technology to develop Iconic’s Bonnie Claire lithium project in separation, recovery, and purification of lithium from its lithium bearing material.

In consideration for the R&D, which will include engineering services, and once a definitive agreement has been entered into, Iconic has agreed, subject to receipt of acceptance by the TSX Venture Exchange, to issue St-Georges up to 5,000,000 common shares of its capital stock. The issuance will be done in stages over a 36-month period commencing on the date of execution of the Definitive Agreement. St-Georges has agreed that any and all Compensation Shares issued will be held by a third party escrow agent and released to St-Georges at the end of the 36-month period, contingent on St-Georges reaching certain performance benchmarks.

The Parties will establish a royalty stream on the commercial output of the Property for the entire mine life, which will be opposable to any successors of Iconic as a lien on the mining assets. St-Georges and Iconic will negotiate a right of first refusal in favor of Iconic. The royalty, of which further details will be defined in the definitive agreement within the guidelines of the “Royalty Formula” of the binding term sheet, will take the form of a 5% Net Revenue Interest or Net Revenue Return.

A further News Release will be disseminated once the Definitive Agreement has been entered into. The definitive agreement will be subject to acceptance of the board of directors of both companies and subject to review by regulatory authorities.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company control directly or indirectly all of the active mineral tenures in Iceland. It also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

ST-GEORGES POSITIONED TO UNLOCK ICELAND’S MINERAL POTENTIAL WITH THE ACQUISITION OF ICELAND RESOURCES EHF $SX.ca

Posted by AGORACOM-JC at 8:41 AM on Thursday, March 16th, 2017

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  • Announced that it has successfully completed its due diligence review of Iceland Resources EHF and signed a final definitive acquisition agreement
  • New subsidiary now owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland

St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has successfully completed its due diligence review of Iceland Resources EHF and signed a final definitive acquisition agreement.  Subsequently to this transaction, St-Georges now owns all of the outstanding shares of Iceland Resources. St-Georges’ new subsidiary now owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland.
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Top:  Thor Gold Project Drilling Results Summary, Two high-grade plunging ore shoots, Warmer colours show higher gradesBottom Left: Banded quartz-chalcedony-ginguro from Thor. Andularia-sericite alteration  also presentBottom Right: Main structural features of Thormodsdalur epithermal gold deposit
The Thormodsdalur Project
The Opportunity
Iceland Resources EHF is an Icelandic corporation with gold/silver/copper/cobalt/zinc projects in Iceland. Amongst its projects are the 100% owned Reykjanes developmental project covering 897.5 km of licenced area that is in close proximity to Reykjavik and Keflavik and the gold project of Thormodsdalur located approximately 10km east of the city limits of the capital Reykjavik.
.Terms of Acquisition
St-Georges will create a new subsidiary in order to transfer its ownership of Iceland Resources. 40% of this subsidiary will be owned by the former Iceland Resources shareholders and the remaining 60% will be owned by St-Georges. Additionally, St-Georges make the following commitments:
  • Issuing 6,000,000 common shares of St-Georges to Iceland Resources’ shareholders with a 12-month escrow release schedule;
  • Issuing a $350,000 debenture, bearing a 6% annual interest (cash or shares), maturing in November 2026 to be distributed to Iceland Resources’ shareholders and some creditors; and
  • $1,000,000 of expenditure on the Iceland assets over the next 24 months, including mineral exploration expenses and metallurgical process research & development.
St-Georges Priorities in IcelandSt-Georges’ priority in Iceland will be to further explore the Thormodsdalur (Thor) gold project, which is currently in the process of being permitted for drilling later this summer.  The company plans a 3,000 meter diamond drilling campaign that will be comprised of twin-drilling certain historical drill holes and will add in-fill holes in the identified gold trend which strikes some 700 meters that has seen drilling in 2006.  The objective will be to gather enough data to be able to establish a first resource estimate by year end.Management of St-Georges will be publishing the summary of a geological due diligence report focused on the Thor Project and the drill core chemical analysis results that was commissioned to Dr Natasha Henwood as soon as Mr. Joel Scodnick and Mr. Herb Duerr, both Qualified Person under National Instrument 43-101, complete their review.Thormodsdalur is located about 20km east of the city centre of Reykjavík and south-east of the lake Hafravatn. The project was discovered in 1908. The property produced mineral concentrate from 1911 to 1925 when over 300 meters of tunnels were dug below surface excavations. The ore recovered was transported to Germany and historic sources reported values ranging between 11g/t and 315g/t Au.  Note: All information pertaining to mineral resources, grades or operational results herewith presented are historical in nature and while relevant, the information was obtained from sources that cannot be independently verified.More recently, visible gold was seen in core from geothermal wells located on the project. This new discovery compelled the Icelandic government to create a mining entity for gold exploration in Iceland called Málmís.

The best intercepts from the diamond drilling are 33.5m @ 8.0 g/t Au (true thickness) and 5.2m @ 35.4 g/t Au (true thickness).
Iceland Resources entered into a Joint Venture agreement with Melmi EHF, Málmís EHF (majority government owned) and Gold Ísland Limited.  Melmi is the owner of the Thormodsdalur license that was first granted in October 2004. Melmi is owned by Málmís (51%) and Gold Ísland (49%).St-Georges obligation in order to complete the earn-in agreement and to crystalize its initial equity position of 41% of the joint-venture on Thormodsdalur  is for St-Georges to complete an additional 3,000 meters of drilling and publish a NI 43-101 compliant resource. Other Joint-Venture partners at this stage are the Iceland government controlled Malmis (30.1%) and Gold Island (28.9%) with St-Georges being the operator.
General Disclaimer: The current press release contains references to mineral sampling results from sources in the geological literature published by departments in the Icelandic government. .  St-Georges has not sampled and analysed all of these samples. Readers should exercise caution as real width, depth or length of mineralisation encounter is not always defined. No resource estimate that is compliant with the standards of the National Instrument 43-101 is currently available. The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. and Mr. Joel Scodnick, P. Geo. St-Georges vice-president exploration, both ‘qualified person’ as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects. 

INTERVIEW: St. Georges Developing New Technologies To Solve the Biggest Environmental Problems In The Mining Industry $SX.ca

Posted by AGORACOM-JC at 4:00 PM on Friday, February 3rd, 2017

  • Developing New Technologies To Solve the Biggest Environmental Problems In The Mining Industry
  • If new technologies are successful, they should improve the financial bottom line of current mining producers.
  • Potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing environmental and social acceptability issues.

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St-Georges to Acquire All Outstanding Shares of Iceland Resources EHF $SX.ca

Posted by AGORACOM-JC at 1:33 PM on Tuesday, November 22nd, 2016

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  • Entered into a binding agreement with Iceland Resources ehf to acquire all its outstanding shares
  • Iceland Resources owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland

Montreal, Quebec / November 22, 2016 – St-Georges Platinum and Base Metals Ltd. (CSE: SX)(OTC: SXOOF) (FSE: 85G1) is pleased to announce that it has entered into a binding agreement with Iceland Resources ehf to acquire all its outstanding shares. Iceland Resources owns multiple polymetallic exploration & development projects in Iceland and has direct or indirect access to all active mineral tenure, claims and mineral leases in Iceland.

The Opportunity

Iceland Resources ehf is a privately-owned Icelandic corporation with gold/silver/copper/cobalt/zinc projects in Iceland.

Iceland is an important producer and developer of geothermal energy. St-Georges management has been active over the last few years in Iceland with the goal of securing access to geothermal operations to test the development of technologies allowing the extraction of lithium and light minerals from the brines being pumped from the geothermal wells and for the extraction of a large variety of precious and base metals found in the mud rejected from the same operations.

Enrico Di Cesare, Director of St-Georges commented: “(…) With St-Georges focused on innovative extraction technologies and working on strategic alliances with several providers, this opportunity is exciting; it is an excellent platform to apply new technologies, monetize tailings and demonstrate our solutions which also address environmental issues. The focus is to economically recover precious and base metals and to provide an avenue for positive environmental remediation of the by-products. St-Georges is also looking at niche and value added products that this opportunity lends itself to.”

Terms of Acquisition

St-Georges will create a subsidiary that will become the owner of Iceland Resources. 40% of this subsidiary will be owned by the Iceland Resources shareholders and the remaining 60% will be owned by St-Georges. Additionally, St-Georges makes the following commitments:

-Issuing 6,000,000 common shares of St-Georges to Iceland shareholders with a 12-month escrow release schedule;

-Issuing a $350,000 debenture, bearing a 6% annual interest (cash or shares), maturing in November 2026 to be distributed to Iceland shareholders and some creditors; and

-$1,000,000 of expenditure on the Iceland assets over the next 24 months, including mineral exploration expenses and metallurgical process research & development.

Iceland Resources Projects

Iceland Resources currently has 9 defined mineral exploration and development projects in Iceland (8 licenses or license applications held directly and one within a Joint-Venture). Other opportunities are being sought after with the collaboration of St-Georges (with the possibility to deploy St-Georges technologies result from its R&D initiatives).

St-Georges intends to direct most of its efforts in the next 24 months to 3 priority projects:

Reykjanes Project (EL 01) (Au-Ag-Cu-Zn)

The 897.5 km2Reykjanes licence area is in close proximity to the capital Reykjavik and the international airport in the town of Keflavik and is supported by good transport infrastructure with main highways running through it. The project is prospective for gold, silver, copper, zinc and cobalt. The Company also plans to apply for licenses to evaluate the lithium potential of the geothermal brines present on the property.

Figure 1. The Reykjanes Project

The Thormodsdalur Project (EL-14) (Au-Ag-Cu)

Thormodsdalur is located about 20km east of the city centre of Reykjavik and south-east of the lake Hafravatn. The project was discovered in 1908. The property produced mineral concentrate from 1911 to 1925 when over 300 meters of tunnels where dug alongside surface excavations. The ore recovered was transported to Germany and historic sources reported values ranging between 11g/t and 315g/t Au. Note: All information pertaining to mineral resources, grades or operational results herewith presented are historical in nature and while relevant, the information was obtained from sources that cannot be independently verified and that are not compliant with National Instrument 43-101 reporting standards.

More recently, visible gold was seen in cores from geothermal wells located on the project. This new discovery compelled the Icelandic government to create a mining entity for gold exploration in Iceland called Malmis.

Studies between 2005 and 2013 identified the project mineralization as a low sulphidation system containing banded chalcedony and ginguro. Petrographic analysis of the vein material identified gold occurring in its free form and as part of an assemblage with pyrite and chalcopyrite. Petrographic and XRD studies show an evolution of the vein system from the zeolite assemblage to quartz adularia and lastly to minor calcite. In the area, 32 holes have been drilled for a total of 2439 meters.Gold values vary from less than 0.5 ppm to the maximum of 415 ppm. (These values were obtained from selected random intervals and cannot be construed to be representative of the any particular thickness or overall length).

Iceland Resources entered in to a Joint Venture agreement with Melmi ehf, Malmis hf (majority government owned) and Gold Island Limited. Melmi is the owner of the Thormodsdalur license that was first granted in October 2004. Melmi is owned by Malmis (51%) and Gold Island (49%).

Figure 2. The Thormodsdalur Project

The Vopnafjordur Project (EL-05) (Au-Ag-Te) (Bi-Co-Sb-Se-Zn)

The Vopnafjordur licence covers 598.5 km2(Maps, fig. 3 & 4) and is valid until July 2021. Exploration in Vopnafjordur was carried out by Malmis between 1991 and 1993 in the form of BLEG surveys and vein sampling. Follow-up work was carried out by Melmi in 1997, which carried out stream sediment and helicopter-assisted rock chip sampling in the Vopnafjordur area. The rock chip sampling programme focused on areas of strong alteration, known quartz-carbonate-pyrite veining and in selected structural settings. The sampling programme indicated anomalous antimony, selenium and tellurium values in the northern rhyolitic centre and further identified anomalous gold, antimony, bismuth and zinc in an acid intrusion in the central southern part of the licence.

Recently, a comprehensive review of the BLEG and rock chip sampling programme was undertaken alongside satellite interpretation of the whole of the Vopnafjordur licence and a short exploration program in August 2016. In addition to the two volcanic centres identified in the 1990s, a number of regional fault zones associated with elevated levels of key pathfinder elements and occasionally gold was identified. The geological team is expecting assay results shortly.

These areas will be investigated further by the Company’s geological team in 2017, which will carry out close-spaced traverse mapping and grab sampling of key fault structures identified by previous exploration.


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Figure 3. Vopnafjordur licence EL-05 is situated in the Nord Austurland region of NE Iceland


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Figure 4. Extent of Vopnafjordur licence boundaries. Map scale 1:200,000


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Figure 5. World map showing Iceland


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Figure 6. Map of Iceland with location of the projects

Icelandic Geology is unique and considered relatively young in geology term. Iceland lies in the divergent boundaries of the Mid Atlantic Ridge. The buoyancy of the Iceland plume leads to dynamic uplift of the Iceland plateau, and high volcanic productivity over the plume has developed an anomalous volume of volcanic material and magma chambers at depth.

Iceland has not been thoroughly mapped and geological exploration has been limited when compared to other jurisdictions. St-Georges now have the unencumbered opportunity to explore Iceland’s potential starting with its most known prospective target sites with data generated from existing geological work and geothermal operations around the country. Furthermore, St-Georges technologies should enable the team of Iceland Resources to unlock the potential for prospective lithium brines and mud tailings that were not considered in the past.

Vilhjalmur Thor Vilhjalmsson, director of Iceland Resources, commented: “The opportunity to combine the resources of both companies, our extensive knowledge of Iceland and its geology and the addition of St-Georges team’s expertise in metallurgical processing and eco-mining environmental friendly solutions, provides a unique offering to the market and stakeholders of both companies (…) St-Georges brings a portfolio of R&D initiatives aimed at reducing the environmental impact of mining activities and improving producers’ financial bottom line. Iceland like the Scandinavian countries is a place of certainty in regulations and mining law with reliable and accessible data available from government bodies thus opening possibilities to get additional licenses with historical data available similar to work previously done in Iceland as well as in Greenland (…) we believe that we found a good home for our shareholders in St-Georges and we are excited at the prospect of the proposed 2017 exploration and development campaigns.”

General Disclaimer: The current press release contains references to mineral sampling results that are provided by Iceland Resources or were sourced in the geological literature published by the Icelandic government or its departments. St-Georges has not sampled and analysed these samples. Readers should exercise caution as real width, depth or length of the mineralisation encounter is not defined. No resource estimate that is compliant with the standard of the National Instrument 43-101 is currently available.

The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Geo. a ‘qualified person’ as defined by National Instrument 43-101Standards of Disclosure for Mineral Projects.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas’

FRANK DUMAS, PRESIDENT & CEO

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If thesenew technologiesare successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues. The Company also explores for Nickel on the Julie Nickel Project & for industrial minerals on the Quebec’s North Shore and for Lithium and rare metals in Northern Quebec and in the Abitibi area.Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

About Iceland Resources EHF

Iceland Resources ehf is a junior mineral exploration company with a focus on the Scandinavian region. The company has one licence in the Vopnafjordur area in Iceland and further seven areas pending issue totalling over 4,000km2. The company also has an earn-in agreement with Melmi ehf and Gold Island Ltd to earn into the well-known Thormodsdalur licence where gold grades up to 415 g/t have been identified and the partners are working towards a NI 43-101 compliant resource.http://www.icelandresources.is

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.

St-Georges Agrees Commercial Terms With Platypus Over Le Royal Lithium Project $SX.ca

Posted by AGORACOM-JC at 12:27 PM on Thursday, August 4th, 2016

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  • Announced that it has entered into a binding term sheet – “JV Agreement”- with Platypus Resources (ASX: PLP) detailing the key commercial terms of their joint venture in relation to Le Royal Lithium
  • lepidolite-rich project for which St-Georges and Platypus hold an option to acquire 100%.

Montreal, Quebec / August 4, 2016 –St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (OTC: SXOOF) is pleased to announce that it has entered into a binding term sheet – “JV Agreement”- with Platypus Resources (ASX: PLP) detailing the key commercial terms of their joint venture in relation to Le Royal Lithium, a lepidolite-rich project for which St-Georges and Platypus hold an option to acquire 100%.

In forming the joint venture, St-Georges and Platypus will be focussed on the exploration and development of Le Royal Lithium prospect leveraging off Platypus’ L-Max(R) technology to process lepidolite ores and St-Georges’ in-country experience.

The key terms of the Agreement are detailed below:

Initial Ownership Interest Platypus 70%St-Georges 30%
Initial Exploration Expenditure St-Georges will fund the first C$450,000 of exploration expenditure.
L-Max(R) Licence Platypus will grant the joint venture a licence to use the L-Max(R) technology on the project.
St-Georges Option After completing the Initial Exploration Expenditure, St-Georges will have an option to fund the next C$600,000 of exploration expenditure to increase its ownership interest in the joint venture to 50%.If St-Georges exercises this option, it will pay for 50% of the milestone payments relating to the delineated of a JORC/NI-43101 Resource as contemplated in the Acquisition Agreement.
Conditions St-Georges and Platypus exercising their option to acquire Le Royal Lithium prospect and associated claims.Execution of a formal joint venture agreement between St-Georges and Platypus.

Any required regulatory approvals.

Platypus Managing Director Tom Dukovcic commented: “We are pleased to have agreed to key terms with St-Georges. This deal demonstrates our continued ability to leverage off the L-Max(R) technology to gain near term value by obtaining a free carry through a significant portion of exploration expenditure.”

OTHER CORPORATE MATTERS

Valorization of St-Georges mining exploration portfolio.

St-Georges is currently reviewing all of its mining exploration claims and projects portfolio. Herb Duerr, P. Geo and St-Georges director, has received the mandate to look at all options available to move the projects of value forward. Management will be looking at reactivating secondary projects like the Isoukustouc Project, in light of the increased interest in cobalt and platinum.

Muscovite Projects update

On April 28, 2016 St-Georges entered into a multi-party agreement with SX insiders and Active Growth Capital (ACK) in regards to 8 historical muscovite mines. Active Growth management notified St-Georges of its plans not to pursue the exploration and development of the muscovite assets that were part of the joint agreement. No shares of ACK have been issued in favour of St-Georges. The Option agreement is to be considered expired and ACK does not have any further obligation in regards to St-Georges. St-Georges is planning to execute a revised agreement with the owners of the claims in the coming weeks.

Furthermore, St-Georges and ACK also jointly acquired 81 additional mining exploration claims surrounding the historical sites representing approximately 4,633 hectares. These claims are currently held and registered under both companies with 50% ownership each.

ACK contracted a geological team to visit some of the new jointly-acquired claims. Some samples of interest were sent to laboratories for analysis. These samples are currently undergoing a second testing phase. St-Georges will update its shareholders as soon as these results become available to the company.

ON BEHALF OF THE BOARD OF DIRECTORS

“Mark Billings”

MARK BILLINGS, Chairman of the Board

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

ST-GEORGES UPDATE ON TRANSITION TOWARDS ECO-MINING TECHNOLOGIES

Posted by AGORACOM at 11:42 AM on Thursday, March 31st, 2016

Montreal, Quebec, March 31, 2016 St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to provide the following corporate update and progress report to its shareholders and stakeholders.

NEW ECO-MINING TECHNOLOGY FOCUS

St-Georges is transitioning its focus from mining exploration to mining technology, with the goal of creating a basket of patented technologies that will position the Company as a provider of environmentally friendly processing solutions, as well as tailing reclamation solutions.  The goal is to have market ready technologies in the very near future.

To demonstrate the Company’s very serious commitment to this transition, St-Georges has already undertaken the following important steps;

APPOINTMENT OF KEY DIRECTORS                        

In the Fall of 2015, the Company added Enrico Di Cesare (See Sept 28, 2015 Release) and Gary Johnson (See December 7, 2015 Release) to the Board of Directors.  Both Directors have significant metallurgy experience, amongst other things, which will be critical to the Company’s new Eco-Mining technologies business model.

Mr. Johnson, in particular, is also the President of Strategic Metallurgy Pty Ltd of Australia, with whom St-Georges announced a binding letter of intent. (See November 26, 2015 Release) As per the agreement, the Company will create a subsidiary, which will have the specific mandate to advance nickel-related extraction research projects.

In line with its new business development strategy, the Company also expects to implement some changes in its management structure in the next quarters.

BINDING LETTER OF INTENT – STRATEGIC METALLURGY PTY LTD

St-Georges and Strategic Metallurgy became partners on a 75-25% ratio in order to move forward a basket of new metallurgical and chemical technologies that can be deployed in a commercial environment within a relatively short schedule. Development tests and scalability demonstration should be conducted in Perth in the pilot-plant facilities of Strategic Metallurgy in 2016.

Final detailed agreements will be announced during the second quarter of 2016 in relation to the joint-venture special purpose corporate entity created with Strategic Metallurgy.

POTENTIAL BUSINESS AND TECHNOLOGY PARTNERS

Further advancement of the company’s R&D efforts will be done in parallel with the sourcing of business partners to target the mining reclamation business. We view this as a very lucrative opportunity due to the fact that North American governments are spending billions of dollars annually in reclamation projects where Acid Drainage remains one of the main issues.

St-Georges has initiated discussions with potential technology partners and intends to identify more as the new business model is deployed.  The Company also plans to spend a good amount of time and resources soliciting environmental mandates from different governmental agencies. Moreover, the Company plans to secure grant money to demonstrate the performance of some of its technologies in real-time field situations.

RECOMMENCING INVESTOR RELATIONS AND OUTREACH PROGRAMS

Given the anticipated level of heightened activity of St. Georges, the Company has agreed to enter into a new business relationship with Paradox Public relations of Montreal. Paradox will advise St-Georges’ management on corporate communication strategies. In parallel, St-Georges will be reactivating some of the prior suspended investor communication mandates with different firms in the second quarter of 2016.

FINANCING

In order to finalise the transition to its new business model, the Company is planning a private placement for a maximum of $145,000.  The offering will consist of units to be priced at $0.02 each. The Units will consist of one common share and one non-transferable 28-month warrant entitling the purchaser to acquire one common share and one additional warrant for an initial exercise price of $0.04. The second warrant will have an exercise price of $0.06 and will expire 28 months after the initial financing closing date.

At its discretion, the Company will be able to force the exercise of the warrants if the price of the common shares on the CSE is at or above 150% of the warrants’ exercise price for 10 consecutive days based on a VWAP calculation.

Proceeds of this financing will be set aside in order to pay costs related to Exchanges listings, Transfer Agents, Annual Shareholder Meetings, costs associated to the annual audits and to settle certain short term debts at a favorable rate.

Insiders who will participate in the private placement have accepted to subscribe to a 2-year voluntary resell restriction on the shares of the units.

Multilateral Instrument 61-101

Given the proposed participation of the insider holders for a significant proportion of the financing, the proposed financing might constitute a “related party transaction” within the meaning of Multilateral Instrument 61-101 – Protection of Minority Security holders in Special Transactions (“MI 61-101”).

St-Georges is relying on an exemption to both the formal valuation and the minority shareholder approval requirements of MI 61-101, as neither the fair market value of the Units to be distributed to, nor the fair market value of the consideration to be received by St-Georges from, the insider holders in connection with the proposed financing exceeds 25% of St-Georges’ share capitalisation.

Other Corporate Matters

The Company plans to hold its Shareholders Meeting in Montreal in early June 2016. Information about the location, time and exact date should be known by April 30th. Shareholders will be asked to approve the option plan, the new board of directors and the modifications to its main business.  No consolidation or reverse split is planned to be put to the vote.

All securities issuance are subject to CSE and regulatory approval.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.

The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore.

Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

St-Georges Partners with Strategic Metallurgy

Posted by AGORACOM-JC at 2:58 PM on Thursday, November 26th, 2015

Sx_-_logo_-_large

  •  Announced that it has signed a binding letter of intent with Strategic Metallurgy Pty Ltd. of Australia and its president Mr. Gary Johnson
  •  Letter of intent creates a partnership between St-Georges and Strategic Metallurgy in the development and commercialization of new mining extraction technologies aimed to result in cleaner and more environmentally friendly extraction processing technology

Montreal, Quebec / November 26, 2015 – St-Georges Platinum and Base Metals Ltd. (OTC: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has signed a binding letter of intent with Strategic Metallurgy Pty Ltd. of Australia and its president Mr. Gary Johnson.

The letter of intent executed this week creates a partnership between St-Georges and Strategic Metallurgy in the development and commercialization of new mining extraction technologies aimed to result in cleaner and more environmentally friendly extraction processing technology and significantly lower nickel extraction costs in future generation mills.

Technology Focus

St-Georges will move its focus from mining exploration to mining technology research & development with the goal of creating a basket of patented technologies marketable in the near future. The Company will create a subsidiary that will be co-managed by Gary Johnson and Enrico Di Cesare, a metallurgist and director of the Company, which will have the mandate to advance nickel-related extraction research projects.

The near-term research program will target these initial sets of processing technologies already identified by Strategic Metallurgy:

– Pre-concentration flotation of difficult ore under modified chemistry conditions. Possible step change in recovery-grade performance for nickel sulfide flotation;

– Upgrading of nickel laterites by the systematic elimination of gangues materials. Mineralogy driven with hydrometallurgy approach that reduces drastically the cost of iron handling in the process;

– High-pH leaching of high MgO sulfide ores in the presence of complexing agents;

– Treating pyrrhotite concentrates already mined and milled (0.6-1.0% Ni) with hydrometallurgy

Enrico di Cesare stated, “The rise in extraction costs, stringent environmental emission targets and the drop in metal prices have triggered a renewed interest in cost-effective and green processing technologies with existing metal producers (…) our goal is to position ourselves as an important provider of innovative solutions that will enable cash-restricted companies to improve their bottom lines with their current operations, find solutions for minerals that are currently seen as ‘difficult’ and position ourselves as a provider of environmentally friendly processing solutions.”

Financing

Strategic Metallurgy has agreed to put in place a collateralized line of credit (“CLOC”) in favor of St-Georges for an amount up to $1 million CAD. The collateral used for the CLOC will be created in the form of an equity subscription by Strategic Metallurgy for 10,800,000 units (“Units”) at a price of $0.065 per Unit, for gross proceeds to St-Georges of $702,000. Each Unit will include a common share in the capital of the Company at a deemed price of $0.065 and one common share purchase warrant (“Warrant”). Each Warrant will entitle its holder to purchase one common share at a price of $0.10 for a period of three years from closing; the Warrants will be transferable. The Warrants will be distributed to the shareholders of Strategic Metallurgy after their regulatory hold period of four months. The common shares will be held in escrow, with such escrow agent to be appointed by St-Georges.

The CLOC will only be used for R&D expenses. St-Georges will have the choice to repay the CLOC either in cash or by letting Strategic Metallurgy receive the shares held in escrow.

ON BEHALF OF THE BOARD OF DIRECTORS

“Frank Dumas”

FRANK DUMAS, President

About St-Georges

St-Georges is working at developing innovative environmentally friendly mining extraction processing technologies and tailing reclamation solutions. The Company focuses on Platinum-Palladium, Copper-Cobalt & Nickel Extraction Processes. The Company also explores for Nickel on the Julie Nickel Project on Quebec’s North Shore. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com

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.

Additional Encouraging Results from the Julie Nickel-Copper Discovery; 1.82% Nickel Over 11.64 Metres Channel Intersection

Posted by AGORACOM-JC at 3:15 PM on Monday, January 26th, 2015

Baie-Comeau, Quebec / January 26, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (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 1Including new result

Including already reported*

08.490 11.6411.64

8.49

11.643.15

1.71

1.822.14

0.27

0.290.33

0.27

0.040.04

0.03

* 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 3Including

Including

09.339.33 18.6818.68

13.62

18.689.35

4.29

1.101.45

1.56

0.230.28

0.28

0.030.03

0.03

* 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.

Continuity of Nickel-Copper System Extended for 584 Meters on Julie Nickel Discovery on the Quebec North-Shore

Posted by AGORACOM-JC at 12:54 PM on Tuesday, January 13th, 2015

  • New batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters.
  • Best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Baie-Comeau, Quebec / January 13, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announced today that a new batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters. The best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Results Warrant Acceleration of Plans for Julie Nickel Discovery

“We are very encouraged by these new additional results coming out of the Julie-Nickel Project. The fact that these latest results were achieved over 200 metres away from a previous discovery makes us optimistic for the future of this early stage project. As such, we have accelerated our plan and expect to bring this discovery to drill ready stage before the summer of 2015.” Commented Frank Dumas, President & CEO of the Company.

“This acceleration is further supported by the expectation that nickel prices could move dramatically higher over the next two years as a cyclical recovery takes hold in the base metal sector, according to a recent report from Scotiabank” Dumas went on to say.

Joel Scodnick, P.Geo., Vice-President Exploration of St-Georges commented: “(…) no matter how you look at this mineralized corridor, there’s a 13km long magnetic anomaly that appears to be spatially associated with the Julie showing and all the other showings along strike of the Julie showing as mentioned in the press release. This structure is further evidence of a fairly extensive and pervasive plumbing system responsible for the concentrations of nickel discovered so far. Based on the surface work conducted and very shallow drilling using a man-held portable drill it is imperative at this point that St George’s establish a detailed grid in preparation for a diamond drilling campaign. If it can be established that the nickel sulphide enrichment is present at depth and along strike then a deposit of significance could be present, especially given the fact that the structure is so long and most like deep-rooted.”

Results Summary

T2 Zone

A surface mineralized zone of 52 meters by 18 meters referred to as “T2” has been identified. This zone is located 116 meters 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 (See Press Release, December 29, 2014) it covers a total of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery which has been identified by geophysical data obtained by St-Georges in 2011 where a 13 kilometres magnetic conductor on a WSW to ENE trend was discovered.

The table below outline the results from a 2.88 meter channel sample taken in parallel with the mineralized body at surface:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 6 0 2.88 2.88 0.828 0.135 0.025

* 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? 57.517′ W69? 26.911′

Results from a man-held portable drill hole are also available. The hole was drilled vertically from surface to a shallow depth of 0.40 meters and was assayed as a whole. The drill hole was located at N49? 57.513′ W69? 26.911′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Hole #2 0 0.40 0.40 1.17 0.132 0.0269

Other results from Channel cuts yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 4 0 1.64 1.64 0.571 0.116 0.0148

This channel is located on the outskirt of the mineralized body and in parallel with it at N49? 57.518′ W69? 26.906.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 7 0 2.16 2.16 0.157 0.0351 <0.001

This channel sample is located outside of the mineralised body at N49?57.518′ W69? 26.905′

* 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.

T3 ZONE

The T3 exploration target zone is a surface mineralized zone measuring 58 meters by 8 meters located 159 meters to the South-East of the eastern limits of the T2 Zone. This zone seems to be trending from a North-South to East-South-East axis. Its north-western section encompasses the southern boundaries of the previously identified magnetic conductor on the Julie Project. When added to the T1 and T2 Zones already identified it covers a total 455 meters which is mineralized at or near surface.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Channel 3 0.82* 2.76 1.93 0.39 0.108 0.012
including 2.21 2.76 0.55 0.47 0.0914 0.013

*The interval 0-82 cm is still being analysed at the time of this press release. Location of the channel is N49? 57.566′ W69? 26.774′

* Reported channel sample sections are not true widths. An apparent surface width of 6 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.

A 3.38 meters channel located on the southern limit of Zone T3 yielded 8.8 g/t of Silver and 0.03% Zinc with 0.175% Copper.

Manheld portable drill hole drilled vertically from surface in the mineralized body within the North-Western section of zone T3 yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Hole #1 0 0.42 0.42 0.453 0.068 0.011

Location is N49?57.566′ W69? 26.769′

T4 ZONE

This surface mineralized zone is located 98 meters to the East of the T3 Zone South-Eastern boundary and covers 31 meters x 8 meters. This zone is just south and the magnetic conductor.

A man-held portable drill hole yielded this result:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T4 Hole #1 0 0.26 0.26 0.968 0.048 2.2

Location is N49? 57.604′ W69? 26.659′

T9 ZONE

The T9 Exploration Target is a zone that runs on a West-East axis located approximately 740 meters directly to the north of the Zone T4 boundary and 1.07 km to the East-North-East of Zone T1. The surface mineralization cover 142 meters x 21 meters and it is characterized by a large gossan zone. The gossan is hosted by mafic and ultramafic rocks in contact with a Gneissic unit. This zone is several hundred meters outside of the magnetic conductor identified and lies in a magnetic low area of the property.

Initial partial results from this zone confirmed the presence of Copper and yield these results:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T9 Channel 3 0 1.20 1.20 0.04 0.194 9.3

Location is N49? 58.051′ W69? 26.635′

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the non-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.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas,

Frank Dumas, President & CEO

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.