Planning to Use Hydrothermal Energy to Drill Iceland Gold Targets
St-Georges Eco-Mining Corp. plans on reviving Iceland’s long-dormant gold mining industry by using its vast abundance of renewable energy to drill for gold. St. George’s emphasis will be on making the most eco-friendly and socially responsible gold in the world.
- St-Georges, is the only junior exploration company to own all the mineral rights of a western country
- Controls all the active mineral tenures in Iceland
- St-Georges plans to mine with robots, while the equipment and processing primarily will use electricity made from geothermal and hydro power by Landsvirkjun, the state-owned power company
- Iceland is one of the countries with the highest ratio of green energy globally
Thormodsdalur Project is the most advanced project in Iceland
- Drilled a 124-meter-deep (407-foot-deep) hole in Thormodsdalur, outside Reykjavik, in September
- Drilling up to 1,000 meters or up to 25 new shallow holes on the Thor Gold project
- Opportunity to extract epithermal gold with geothermal power
- Total area in excess of 4,600 km2 with 9 prospecting licences
- Mineralization bearing outcrops were identified and sampled and brought to St-Georges’ secure facilities in Reykjavik for petrographic analysis in October
Iceland Resources ehf ( 100% St. George Eco-Mining )
- Controls all the active mineral tenures
- Including drill ready Thor Gold Project
- One of the countries with the highest ratio of green energy
- 100% renewable energy and zero carbon footprint.
Mining In Iceland
- St. George’s emphasis will be on making the most eco-friendly and socially responsible gold in the world
- St. George’s anticipates Iceland’s gold to be sold with a premium.
- St. George’s ideology is about making minimal disturbances to the ground.
- Thormodsdalur have minimal visible activity when mining activity starts
- St-Georges will use all the material extracted from the ground during the mining process
- After the minerals are separated, the remainder would be used in building material and concrete.
FULL DISCLOSURE: St. George’s Eco-Mining is an advertising client of AGORA Internet Relations Corp.
Tags: Control, Discovery, Eco, Exploration, gold, Green, iceland, SX, Thor, tsxv