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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

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  •  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.

St-Georges to Focus on Julie Nickel Discovery; Withdrawal of Zambian Interest

Posted by AGORACOM-JC at 1:29 PM on Friday, January 9th, 2015

Baie-Comeau, Quebec / January 9, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) today announces its intention to terminate all efforts to acquire and develop projects in Zambia. The company had previously signed an agreement in February 2014 in order to acquire two sizeable Copper-Cobalt projects in Zambia. The difficulty to finalize a proper due diligence had forced the company to put these negotiations on hold in the summer of 2014. The Company had mentioned that it was entertaining the acquisition of another project in Zambia at that point without giving more details. The management of St-Georges has taken the strategic decision to focus all its attention to the new Nickel discovery at its wholly owned Julie Nickel Project.

FINANCIAL SITUATION & OTHER CORPORATE MATTERS

As of December 31, 2014 the Company had 34,504,463 shares issued and outstanding. It also had 1,182,692 outstanding options at a weighted average exercise price of $0.27 per share and, $230,000 of Convertible Debentures carrying an annual 6% cumulative interest rate expiring July 2, 2023. These Debentures are convertible at any time at a price related to average market prices subject to a minimum conversion rate of $0.10 per share. There are currently no outstanding warrants.

Internal, unaudited financial statements of the Company to December 31, 2014 show Net Assets of $1,512,249. Accounts payable and accrued liabilities in these unaudited financial statements at December 31, 2014 amounted to $557,340 and included an amount of $285,888 payable to Directors, Officers and Executives of St-Georges and $191,208.27 that are optional liabilities that the Company is currently reviewing.

JULIE NICKEL DISCOVERY

Results from Agat Laboratories are expected in the coming days from the latest surface campaign conducted on the Julie Nickel Project. Last week St-Georges published the initial results from the latest campaign. The table below constitute a recapitulation of these results already published in a press release on December 29, 2014:

Results Summary

A surface mineralized zone of 70 by 56 meters referred to as “T1” has been identified. All initial results below come from this zone. The ultramafic intrusive suite which hosts the new discovery can be traced in the geophysic data obtain by St-Georges in 2011 for approximately 13 kilometres on a WSW to NE trend. At this point it appears that the mineralized zone remains open in all directions.

The table below outline the initial and partial results from a 17.26 meters channel cut executed along the identified conductor on the T1 zone at a 45º angle:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Channel 1 0 8.49 8.49 1.71 0.271 0.0347
including 0 3.62 3.62 2.07 0.31 0.04

* Reported channel cuts sections are not true widths. An apparent surface width of 15 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 cut was located at N49° 57.463′ W69° 27.045′

Results from a man-held portable drill hole are also available. The hole was drilled from surface to the shallow depth of 0.52 meters at a 90º angle and was assay as a whole. The drill hole was located at N49° 57.467′ W69° 27.046′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Hole #1 0 0.52 0.52 1.71 0.271 0.0347

Finally, results from a representative 10.2 kg sample cut from a 81.42 kg blast sample block taken 18.6 meters away to the S-E of the T1-Channel-1’s starting location was also sent to the labs. The location of that sample was at N49° 57.454′ W69° 27.045′

Weight Nickel Copper Cobalt
(Kilogram) (%) (%) (%)
Blast Sample 8749 10.2 1.68 0.301 0.0345

Additional Channel and portable drill core samples are expected to be received from Agat Laboratories by the end of January and will be released as they are available.

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.

St. Georges New Nickel Discovery on the Julie Project in Quebec; Best Results Includes 2.07% Nickel Over 3.62 Meters

Posted by AGORACOM-JC at 11:43 AM on Monday, December 29th, 2014

Baie-Comeau, Quebec / December 29, 2014 / St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CNSX: SX) (BSE: 85G1) today confirmed the presence of a significant zone of Nickel-Copper-Cobalt mineralization on its wholly-owned Julie project located on the Quebec North Shore. Initial results received from Agat Laboratories from the latest surface exploration campaign yielded some noticeable nickel grade intervals from channel samples, drill core and blast samples.

A surface area measuring 70 metres by 56 metres referred to as “T1 Zone” is the focus of this news release. All of the initial results provided in the table below are from this zone. 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. At this point, it appears that the mineralized zone remains open in all directions.

The table below outlines the initial and partial results from a 17.26 metre channel that was taken along the identified magnetic conductor on the T1 Zone at a 45? angle:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Channel 1 0 8.49 8.49 1.71 0.271 0.0347
including 0 3.62 3.62 2.07 0.31 0.04

* Reported channel cuts sections are not true widths. An apparent surface width of 15 metres 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 cut was located at N49? 57.463′ W69? 27.045′ and cut at a 45? angle in relation with the mineralized body.

Results from a portable drill hole are also available. The hole was drilled from surface to the shallow depth of 0.52 metres at a 90? angle and the entire core was assayed. The drill hole was located at N49? 57.467′ W69? 27.046′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Hole #1 0 0.52 0.52 1.70 0.29 0.04

Finally, results from a representative 10.2 kg sample cut from a 81.42 kg blast sample block taken 18.6 metres away to the S-E of the T1-Channel-1’s starting location was also sent to the labs. The location of that sample was at N49? 57.454′ W69? 27.045′

Weight Nickel Copper Cobalt
(Kilogram) (%) (%) (%)
Blast Sample 8749 10.2 1.68 0.301 0.0345

Additional channel and portable drill core samples are expected to be received from Agat Laboratories by the end of January and will be released as they are made available. Maps and diagrams should be available in the coming days on the new company web site.

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.

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 digestion. 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 of the Board and Director

mark@marengomgt.com

Tel: 514-296-1641

About St-Georges

St-Georges is a PGE & 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 it’s shares are traded 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 & Copper 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 Stock Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

St Greorges Platinum Signs Option Agreement with Exploration Khalkos Inc.

Posted by AGORACOM-JC at 9:08 AM on Thursday, September 25th, 2014

Montreal, Quebec /September 25, 2014 / St-Georges Platinum & Base Metals ltd (OTCQX: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to announce that it has entered into an agreement to acquire the exclusive rights to the Poissons Blancs Nickel-Copper-Cobalt Property in Quebec from Khalkos Exploration Inc. (TSX-V:KAS).

The Poissons Blancs Property

The property consists of 93 contiguous mineral claims for a total area 5225 hectares located in the Saguenay Lac St-Jean region. The deposit was discovered in the 1970’s with most exploration work carried out at the end of the 1980’s. It is deemed to contain historic resources of 5.9 million tonnes at a grade of 0.21% Nickel, 0.11% Copper and 0.03% Cobalt (non-NI 43-101 compliant).

To acquire the Poissons Blancs property, St-Georges Platinum agreed to issue 800,000 shares of its capital over a period of 4 years starting in the Fall of 2015. Furthermore St-Georges agreed to transfer to Exploration Khalkos Inc. the Cooper Lake Project (Villebon East) which is comprised of 9 mineral claims in Abitibi, Quebec.

The parties agree to establish the commercial value of the Cooper Lake Claims and the Poissons Blancs Property at CAD450,000 each. A 1.0% NSR in favour of each company was assigned to their respective properties, the latter being exercisable at any time and half of the royalty can be purchased for the sum of CAN $500,000. St-Georges will establish an exploration strategy for this project and will be planning some exploration work for next spring and summer.

OTHER CORPORATE MATTERS

Julie Nickel-Copper-Cobalt & PGE Project

The Company has initiated permitting for a medium size drilling campaign along the section of its project referred to as the Julie Corridor. Samples from the fall 2013 surface campaign (channel cuts and surface drill cores) will be ready for lab analysis later this fall. St-Georges’ geological team is planning a campaign in two phases aimed at maximizing the project value. The first phase would be limited to a shallow drilling campaign targeting the 1.8 km corridor mineralized at surface. The goal of this campaign is to test for nickel mineralization at depths of maximum 50 meters along the 1.8 km target zone.

A second drilling and mapping phase of larger magnitude is planned to follow in early spring of 2015.

Isoukustouc Project

The Company is reviewing its options for Isoukustouc. Different groups have shown interest and limited due diligence has been initiated. At this time there is no serious discussions regarding either a sale, option or Joint-Venture on this project and the Company is still entertaining any third party proposal that would bring value to its shareholders.

Zambian Copper-Cobalt Acquisition

The Company is still involved in negotiations to acquire one or more large projects in Zambia near or in production. Different local vendors have shown renewed interest to enter a beneficial agreement with St-Georges but the Company’s management considers these discussions as “early-stage” and cannot comment on when or if they will have a positive conclusion in the short term.

Robert Gagnon, P.Geo is the independent qualified person who reviewed the geological information contained in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS

“Joel Scodnick”

Joel Scodnick, P.Geo

Vice-President Exploration

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, on the OTCQX under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel-Cobalt & Platinum Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau.

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.

North Shore Campaign on the Julie Nickel-Pge Project & Corporate Update

Posted by AGORACOM-JC at 2:24 PM on Friday, July 25th, 2014

 

Montreal, Quebec / July 25, 2014 – St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (BSE: 85G1) is pleased to update its shareholders on exploration efforts on its Julie Nickel & PGE project on Quebec’s North Shore and on other corporate matters.

Julie Nickel & PGE Project 2014 Campaign

St-Georges‘ personnel has started to work on planning and permitting for a drilling campaign. This campaign is designed to test 75-100 metres of depth within a block 1,500 metres long by 200 metres wide within the previously identified 1.5 km corridor of sulphide impregnated rock that has been mapped at surface. The Company is expecting to complete the surface sampling and channelling campaign initiated last year along the 1.5 km identified sulphide rich zone.

This program will sample large sections of the remaining 10 km electromagnetic conductor located within an identified mafic unit which coincides with a few sulphide rich outcrops of interest. Large sections of the sulphide rich outcrop will be investigated through channel sampling and a tight grid that encompasses the 1.5 km corridor already identified. Random samples will be collected from outcrops during mapping traverses. A gravimetric survey is also proposed for this area to further define targets.

Shongwa & Mwinilunga; Proposed Acquisition in Zambia

As announced earlier, the Company has completed all title verification on the proposed Zambian transaction.

However, technical due diligence has been hampered by delays in acquisition of supporting data related to reports and information initially delivered to us by the vendor. The Definitive Feasibility Study commissioned by the vendor, Kasni Investment Limited in 2013, makes certain claims regarding the existence of a very large mineral resource and we have failed so far to find the evidence supporting the existence of any size of mineral resource. The Company has no firm timetable as to when or whether the necessary data will be delivered and allow the completion of the due diligence. Therefore, a definitive closing, if any, for this proposed transaction is impossible to predict.

Initial announcement of the proposed Zambian Transaction in February provided the Company with additional offers similar in size and grade to the original project. In a few cases these offers are similar or better entry points for St-Georges than the original. The Company is reviewing the potential for acquisition of near production projects in Zambia, Namibia and in South Africa.

Other Transactions

Firming up in Nickel prices and renewed interest for the commodity has triggered new interest for nickel projects. The Balmoral Resources (BAR on the TSX) discovery earlier this year of 45.28 metres grading 1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium has also contributed to renewed interest in high grade nickel projects in Quebec. St-Georges has been contacted by groups looking to enter the nickel exploration field and the Company has initiated discussions to sell or joint venture some of the projects that it owns in Quebec. For comparison purpose only, the 2011 surface campaign on the Julie Nickel & PGE Project yielded an average of 1.78% nickel and 0.33% copper from select surface samples collected within the above described 1.5 km sulphide rich zone identified as the Julie Corridor.

ON BEHALF OF THE BOARD OF DIRECTORS

Wei Tek Tsai

Wei Tek Tsai, Director

Joel Scodnick, P.GEO, St-Georges’ VP Exploration, Qualified Person under National Instrument 43-101 has reviewed the content of this press release.

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, on the OTCQX under the Symbol SXOOF and on the Berlin Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel-Cobalt & Platinum 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.

St-Georges Receives Positive Title Opinion On Zambian Projects

Posted by AGORACOM-JC at 11:25 AM on Monday, June 9th, 2014

Montreal, Quebec / June 9, 2014 / St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (FSE: 85G1) is pleased to report it has received positive title opinion in relation to the mining production and mining exploration licenses it is acquiring in Zambia.

Significance of title verification and title opinion

The title verification and title opinion brings St-Georges closer to the completion of the current on-going due diligence process for acquisition of the Mwininlunga and Shongwa mining projects. Mwininlunga currently produces Copper Concentrate with plans to potentially expand to 20,000 tonnes per month. On Shongwa, the Company expects to initiate work on a NI 43-101 compliant Preliminary Economic Assessment Study later in early 2015.

Mark Billings, St-Georges Chairman and Director, stated: “The title opinion we received from KCK is an important milestone  along with the completion of the analysis of available geological and engineering data which should be on track with the previously announced schedule, it should provide enough comfort to recommend to our shareholders to endorse this acquisition. We received a fair amount of interest for these projects and are pleased with the response from the financial community in relation to the Company’s plan to move forward in Zambia.”

Mandate of KCK & Associates

In the course of the due diligence process, St-Georges hired KCK & Associates as independent legal advisors to establish its Zambian subsidiary and to assist the Company in the process of title and permit verification. KCK & Associates is a law firm established in Lusaka, Zambia that specializes in Corporate and Mining Law. The firm works for an extensive array of clients in the mining sector and with Governmental entities.

About the Zambian Projects

The Mwinilunga Copper-Cobalt-Gold Project. Covering 740 hectares (7.4 km2) , the project is located close to the Angola and DRC borders and is in the vicinity of CopperZone and Vale Inco’s Luamata Joint-Venture Project. Current small scale punctual production of 3,000 tonnes of Copper Concentrate (15%) per month on the mining license will be consolidated under St-Georges’ control at closing of the transaction, and will be managed under a service agreement to be finalized before the end of the due diligence period.

The Shongwa IOCG & Nickel Project. Covers an area of 72,600 hectares (726 Km2) and is located approximately 60 km northwest of the town of Kasempa. There is a current JORC Definitive Feasibility Study (DFS) in place and the Company plans to verify and integrate the historical and JORC information into new NI 43-101 reports, and is currently evaluating the level of work required. The Company further expects to initiate work on a NI 43-101 compliant Preliminary Economic Assessment Study (PEA) later in 2014 or early 2015, conditional to the closing of the acquisition transaction.

Mr. Joel Scodnick, P.Geo. St-Georges’ Vice-President Exploration is a Qualified Person as defined by NI 43-101 and has reviewed and verified the scientific and technical mining disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas

Director, President & CEO

About St-Georges

St-Georges is a vertically integrated Platinum-Palladium-Gold, Copper-Cobalt & Nickel Explorer and Developer. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX, on the OTCQX 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 Provides Corporate Update

Posted by AGORACOM-JC at 2:45 PM on Tuesday, May 6th, 2014

 

Montreal, Quebec / May 6, 2014 / St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (FSE: 85G1) would like to inform its shareholders and stakeholders about the progress of its operations. The Company would also like to inform its shareholders that it filed its annual financial statements and management’s discussion and analysis or MD&A on April 30, 2014, for the period ended December 31, 2013. The financial statements and MD&A are available on SEDAR at the address www.sedar.com under St-Georges Platinum.

Zambian Projects

The Company entered into a binding agreement to acquire two Copper-Cobalt-Gold projects in Zambia on February 5, 2014. The initial agreement called for a 90-day due diligence to expire at midnight Eastern Standard Time on May 5, 2014. Due diligence is progressing at a good pace with most of the title verification completed. Geological and Metallurgical testing will take additional time. St-Georges’ technical team has adopted a sceptical approach in reviewing the recent production data due to the high numbers and especially very high copper and cobalt grades reported to the Company by the operator on site. The Company had expected to rely on independent third party visit reports to conclude the due diligence but, in light of the current situation, management has decided to send a team on site later this month or in the early part of the month of June. Management also plans to acquire 500 metric tonnes of production mineral concentrate from the current Mwinilunga production in order to independently verify the grades and conduct metallurgical testing. Large portion of this bulk test will be conducted by AGAT Laboratories in Canada. The company also plans to hire two local mining engineers in the month of May to help with this due diligence effort. Finally, independent laboratory testing of the shipped material, and selected grab samples taken along the reef structure on Mwinilunga are expected this month and the Company will release more details about the progress of the due diligence conducted on site later this month.

The Company expects to conclude its due diligence no later than June 30, 2014 and would like to put the agreement to a shareholders vote at a Shareholders meeting as soon as the due diligence has been completed. The acquisition would be finalized right after a positive vote at the Shareholder Meeting expected in August 2014.

On May 5, 2014, the Company signed an amendment to the February 5, 2014 binding term sheet agreement that extends the due diligence period option until June 30, 2014 and the proposed closing date to no later than August 31, 2014.

Other Corporate Matters

Metallurgical Extraction Technologies Subsidiary

On December 3, 2013 the Company announced that it had entered into an option agreement with Allied Nickel in order to acquire a North American Exclusive License for Patented Technologies controlled by Allied. Lack of financial resources and time constraints caused by the acquisition of the Zambian projects limited the abilities of the Company to conduct a satisfactory due diligence on the technologies at stake. Allied informed the Company that they are willing to negotiate new terms or a new agreement with St-Georges but no details have been communicated as yet. St-Georges consider that there is no current agreement for the time being and it is evaluating other avenues to advance its intentions to build a metallurgical and processing technologies division.

Highlights from the Audited Financial Statements for the year ended December 31, 2013

  • — Total assets of the Company as at December 31, 2013 were $1,428,804 following a write down of $6,796,442 to recognize an impairment in the value of its Quebec mining exploration and evaluation assets.– Shareholders’ equity in St-Georges was $270,675 as at December 31, 2013.– As at December 31, 2013 St-Georges had negative working capital of $493,533 compared to negative working capital at December 31, 2012 of $1,672,027.

    — As at April 30, 2014, the Company had 28,448,661 common shares issued and outstanding. At the closing price of $0.125 on that date, the market capitalization of St-Georges was $3,556,083.

According to Vivian Doyle-Kelly, Chief Financial Officer of the Company, “2013 was a year of transition as St-Georges addressed its management structure and balance sheet in order to position itself to develop its strategic vision and take advantage of opportunities which it has identified”

About the Zambian Projects

The Mwinilunga Copper-Cobalt-Gold Project. Covering 740 hectares (7.4 km2) , the project is located close to the Angola and DRC borders and is in the vicinity of CopperZone and Vale Inco’s Luamata Joint-Venture Project. Current small scale punctual production of 3,000 tonnes of Copper Concentrate (15%) per month on the mining license will be consolidated under St-Georges’ control at closing of the transaction, and will be managed under a service agreement to be finalized before the end of the due diligence period.

The Shongwa IOCG & Nickel Project. Covers an area of 72,600 hectares (726 Km2) and is located approximately 60 km northwest of the town of Kasempa. There is a current JORC Definitive Feasibility Study (DFS) in place and the Company plans to verify and integrate the historical and JORC information into new NI 43-101 reports, and is currently evaluating the level of work required. The Company further expects to initiate work on a NI 43-101 compliant Preliminary Economic Assessment Study (PEA) later in 2014 or early 2015, conditional to the closing of the acquisition transaction.

Mr. Joel Scodnick, P.Geo. St-Georges’ Vice-President Exploration is a Qualified Person as defined by NI 43-101 and has reviewed and verified the scientific and technical mining disclosure contained in this news release.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas

Director & Executive Chairman

About St-Georges

St-Georges is a vertically integrated Platinum-Palladium-Gold, Copper-Cobalt & Nickel Explorer and Developer. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX, on the OTCQX 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.