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Manitou Gold $MTU.ca Expands Gold Mineralization by 200 m Down-Plunge and 100 m Along Strike at Stover Zone $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 7:57 AM on Thursday, April 15th, 2021

Manitou Gold Inc. (TSX-V: MTU) (the “Company” or “Manitou”) is pleased to announce additional assay results from its ongoing 10,000 metre drill program on its 100% owned Goudreau Project located along the eastern portion of the regional Baltimore Deformation Zone (the “BDZ”) in Northeastern Ontario.

Highlights of drill results are from the Stover Zone, which is within the Company’s Goudreau Project, where the Company is reporting assay results from an additional three drill holes that significantly expand known gold mineralization along strike, to 400 metres, and down-plunge to 500 metres.

Highlights:

  • Step-down and step-out drilling at the Stover Zone expands gold mineralization to 400 metres along strike and to 500 metres down-plunge, the highlights of which include:

    • 5.5 m grading 2.5 g/t Au (starting at 525 m down-hole), including 2 m grading 3.7 g/t Au in hole MTU-21-12, within a wider intersection of 24.5 m grading 1.0 g/t Au, expanding gold mineralization by 200 m down-plunge;
    • 4.7 m grading 1.0 g/t Au (starting at 510 m down-hole) and including 2.3 m grading 1.6 g/t Au, within a wider intersection of 17.7 m at 0.5 g/t Au in hole MTU-21-13; and
    • 7.8 m grading 0.5 g/t Au (starting at 23.0 m down-hole) in hole MTU-21-11expanding the footprint of the mineralization at the Stover zone to 400 m along strike.
  • Follow-up drilling 1.2 kms east of the Stover Zone intercepted approximately 50 m of alteration, veining, and mineralization, similar to that of the Stover Zone, with results expected within two weeks.
  • Gold mineralization along the Stover Zone main shear has now been confirmed by drilling over a strike length of 2.2 kms. Continued drilling will test mineralization further along strike.
  • All gold zones encountered along the BDZ to date remainopen in all directions. Finalization and planning of new high priority drill targets along the 10 km of strike on the western part of the BDZ is scheduled for May 2021, with the drilling of the high priority targets expected to begin in June 2021.
  • Following the recent completion of the Company’s recent $5.0MM flow-through financing, the Company is fully funded for all planned and announced exploration activities.

“The continued intersection of significant gold values over tens of metres of thickness indicate that the regionalBDZ, which hosts our Goudreau Property, is a gold-endowed, crustal scale deformation zone. We are excited that we still have several exploration targets to test on the original Stover grid, which covers the eastern 4.5 km of the BDZ,” stated Richard Murphy, President and CEO of Manitou Gold. “Our geophysical surveys covering the western 10 kilometres of the BDZ are well under way. I expect that we will be ramping up our exploration drilling to test additional new targets in this area in the coming months.”

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/759102-manitou-gold-expands-gold-mineralization-by-200-m-down-plunge-and-100-m-along-strike-at-stover-zone/messages/2312066#message

Arctic Star $ADD $ASDZF Commences Drilling Diagras Diamond Project Lac De Gras, NWT Canada $RIO $DIAM.ca $NAR.ca $MPVD.ca

Posted by AGORACOM-Eric at 8:52 AM on Tuesday, April 13th, 2021

Arctic Star Exploration Corp. (“Arctic Star” or the “Company”) (TSXV:ADD) (Frankfurt:82A2) (WKN:A2DFY5) (OTC:ASDZF) is pleased to announce drilling has commenced on the Diagras diamond project located in the diamond corridor of the prolific Lac de Gras kimberlite field, 22km NNE of the Diavik diamond mine & 36km east of the Ekati diamond mine in NWT Canada. Arctic Star’s Diagras project contains 23 kimberlites previously discovered by DeBeers.

Highlights

  • $2 Million Financing Completed for Drilling
  • Arctic Assumes Operator of JV
  • Diamond Drilling 10-15 Targets

Project Management

The Diagras diamond project, originally a 60/40 joint venture between Margaret Lake Resources Inc. (TSXV: DIA) and Arctic Star (TSXV: ADD) respectfully. Margaret Lake has recently undergone management changes and has shifted its focus elsewhere. In 2019 Margaret Lake informed Arctic Star that it had no exploration plans for Diagras.

The joint venture agreement allows for Arctic Star to take over management in such a situation by proposing and excuting a plan and budget. Arctic Star proposed a $2,100,000 budget for the Diagras project 2021. Margaret Lake has informed Arctic Star that it will not to participate. In such a case the JV agreement has a dilution formula. At the time Arctic Star expends the proposed 2021 budget the ownership will change to approximately 77% Arctic Star and 23% Margaret Lake. Arctic Star will continue as the operator. If Margaret Lake dilutes below 10% in the future, the company’s interest converts to a 1.5% GOR.

Diamond Drill Program Commences

Arctic Star has commissioned Aurora Geoscience to be the operator of the Diagras drilling and geophysics program. Aurora is a Yellowknife based group and is able to operate without travel restrictions in the northwest territories. David Kelsch will be responsible for the day to day management of Aurora. David has over 30 years experience predominantly in diamond exploration and has been involved in a number of discoveries. David has been managing the geophysical programs that led to the development of the drill targets on the Diagras property over the past years.

David has been working closely with Buddy Doyle, our exploration manager.

Any Kimberlite intercepted in the drill program will be flown to Yellowknife for detailed logging and sampling by Aurora staff who are familiar with kimberlites. Aurora manged exploration progams for Mountian Province and Dominion diamonds and have been in diamond exploration in the Territories since the 1990’s. Samples will be sent to Chuck Fipke’s lab, CF laboratories of Kelowna, where they will be reviewed by Kelsch and Doyle prior to undergoing analysis for diamonds for Caustic Fusion.

Qualified Person

The Qualified Person for this news release is Buddy Doyle, AUSIMM, a Geologist of over 30 years’ experience in diamond exploration, discovery, and evaluation. A Qualified Person under the provisions of National Instrument 43-101.

About Arctic Star

Arctic Star has commenced exploration in Lac de Gras NWT on its Diagras Diamond Project next to the producing Diavik & Ekati diamond mines. The Company also owns 100% of the Timantti Diamond Project including a 243 Ha Exploration Permit and a 193,700 Ha Exploration Reservation near the town of Kuusamo, in Finland. The project is located approximately 550km SW of the operating Grib Diamond Mine in Russia. The Company also controls drill ready diamond exploration properties in Nunavut (Stein).

ON BEHALF OF THE BOARD OF DIRECTORS OF ARCTIC STAR EXPLORATION CORP.

”Patrick Power”

Patrick Power, President & CEO
+1 (604) 218-8772
[email protected]

Fabled $FCO $FBSGF Drill Hole Ends in 1.1 meters grading 75.9 g/t Ag and to be Extended Blue Sky Drilling In Progress $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 8:36 AM on Tuesday, April 13th, 2021
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Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO)(OTCQB:FBSGF) and (FSE:7NQ) is pleased to announce updates of diamond drill holes SM20-08B from the on-going 8,000 meter drill program on the “Santa Maria” Property in Parral, Mexico.

As previously mentioned in our news release of March 31, 2021, drill hole SM20-08 was collared approximately 225 meters east of the drill station for holes SM20-4, 5, and 6. See drill plan below as designed to drill thru the interpreted main north – south structure at an oblique angle and hit the Santa Maria structure.

The hole was drilled with NQ size core, 1 7/8th inches at -50 degrees for a premature total depth of 64.18 meters where the hole was terminated by major faulting and could not be advanced further.

Drill hole SM20-08B was a re-entry into hole SM20-08 with larger PQ size drill core, 3.36 inches in diameter, to compensate for the massive broken structure, which allowed the hole to be drilled to a final depth of 234 meters and was successful in reaching its target.

Drill results just received show the last sampled interval was from 226.5 – 227.6 meters grading 75.9 g/t silver in a north – south silicified structure, mineral bearing and black in color, this unit continues to the end of the hole at 234 meters, an extra 6.4 meters.

Peter J. Hawley, CEO and President, states, “The rest of this hole is now being sampled on a rush/priority. In addition, once the drill machine completes hole SM20-13 it will return to this drill station, re-enter the hole and continue from the depth of 234 meters onwards until the structure has been clearly exited.”

Drill hole SM20-09 was drilled with PQ size core from the collar, in anticipation of bad ground conditions, at -60 degrees for a targeted depth of -250 meters to hit the Santa Maria structure, as encountered in hole 8B and was terminated prematurely at 231 meters where not only did the hole collapse due to the fault but jammed the drill rods and a section of the drill string and bit was left in the hole.

BLUE SKY DRILL TARGET UPDATE
Peter J. Hawley, CEO and President, remarks, “As I mentioned previously, we are exploring areas never explored before, with new ideas to test our structure-on-structure theory over the Property.

New roads and drill pads have been completed to test IP Geophysics anomaly IPSM-04 located in the central north section of the Santa Maria Property and extends over 700 meters in an east – west trend.

Geophysical interpretation describes the anomaly as follows; ” IPSM-04 is +700 meters trending east to west over calcite / silica veins trending north to south. Both targets are considered to be shallow seated wide body targets which could represent disseminated to sulphide mineralization associated with quartz carbonate veins and imprinted over the East – west anomaly.”

Drill hole SM20-12 has been designed to intersect the eastern extension of the anomaly at a vertical depth of -150 meters, while SM20-13 is being planned to intercept the western sector of the anomaly at a vertical depth of -275 meters.

A major C1 regional north – south fault in the center of the property displaces the anomaly approximately 30-40 meters to the south. This is the same structure tested by holes SM20-8-11. See Plan View of Drill Station Locations over IP Anomalies below.

In the area of the intersection of the North – South Structure and anomaly IPSM-04 a surface alteration zone with micro lineaments NorthSouth that corresponds at the emplacement of a dike which has been totally replaced by quartz and pervasive silicification in stockwork form (“STW”) and halo’s with STW of quartz in the limestone unit.

Peter Hawley continues, “We are systematically taking what was previously thought of as simple E-W high grade structure and re-evaluating, with numerous successes to date, in order to develop our new concept which is seen below in the “Plan View of Drill Station Locations over IP Anomalies”.

Over the next few drill holes to test the blue sky potential in the north of the Property should add to the new data base as we start to dial in the focus of the remaining drill program. With the Company well funded we will continue to explore all targets as they present themselves.”

The Company has completed drill holes SM20-01 – 11 for a total of approximately 2,600 meters of the ongoing 8,000 meter drill program completed to date. Holes SM20-8B and SM20-10, 11 have been sampled and submitted to ALS Chihuahua Laboratory for analysis. Hole SM20-12 is currently in progress.

Beauce Gold Fields $BGF.ca Megantic Overburden Sample Returns 10 Grams per Ton Gold in the Vicinity of the Bella Fault Line $KG.ca $OSK.ca $TIG.ca $GSR.ca $ATC.ca $WGO.ca $OR.ca $KGC.ca

Posted by AGORACOM-Eric at 5:58 PM on Monday, April 12th, 2021
  • Glacial overburden sampling program identified a second placer to hardrock property
  • Holds the potential for new gold discovery in Southern Quebec
  • Similar geological model to flagship Saint-Simon-les-Mines Beauce Gold property where fault line is on strike of historical placer gold deposit

Beauce Gold Fields (TSXV: BGF) (Champs D’Or en Beauce),(“BGF”), is pleased to announce the results of its glacial overburden sampling program of 31 placer to hardrock properties staked throughout southern Quebec. The highest return from a 20kg sample came from the Megantic property returning 10 grams per ton of placer gold from a sand & gravel bank that crosses the Bella Fault line.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “We are very excited that our sampling program has allowed us to identified a second placer to hardrock property that holds the potential for new gold discoveries in Southern Quebec.” Mr. Levasseur added: “The Megantic property holds a similar geological model to the company’s flagship Saint-Simon-les-Mines Beauce Gold property whereby a major geological fault line follows along strike the historical placer gold deposit. We look forward to investigating these anomalies further this summer.”

Between October and December 2020, the Company collected 71, 20kg overburden samples from sand and gravel pits found on 31 prospective placer to hardrock properties staked throughout southern Quebec (press release January 12, 2021). The objective was to identify placer gold anomalies in order to potentially trace their origins back to a lode gold deposit. A second objective was to identify sand & gravel banks of good size with the potential of holding interesting gold values for possible placer gold mining. Of all the samples taken, properties which recorded grades greater than 0.1 g /t Au were retained for further exploration.

RESULTS OF THE 2020 OVERBURDEN SURVEY

The 71 samples were processed by ExploLab in Val D’Or Quebec. Each sample of about 20kg was sifted through various mesh sizes to remove coarse materials. Coarse gold was recovered using various gravimetric methods. The concentrates were sent to Act Labs for analysis. (Disclosure : ExploLab is owned and operated by a Director of the Company).

With the exception of thePozer River and Lac Etchemin samples, the samples which revealed interesting gold grades came from the Mégantic region. Several anomalous samples are located near the Bella fault which crosses the Ditton, Chartierville, Chesam and the Bergeron River sectors of the Megantic property.

Read More: https://agoracom.com/ir/BeauceGoldFields/forums/discussion/topics/758905-beauce-gold-fields-megantic-overburden-sample-returns-10-grams-per-ton-gold-in-the-vicinity-of-the-bella-fault-line/messages/2311654#message

SX Eco-Mining $SX.ca $SXOOF Releases Initial Cathode Material EV Battery Test Results $NNX.ca $OM.ca $ICM.ca $ATAO

Posted by AGORACOM-Eric at 9:22 AM on Monday, April 12th, 2021
  • 100% of the targeted metals were recycled in situ or selectively leached in solution

St-Georges Eco-Mining Corp. (CNSX:SX.CN)(OTC:SXOOF) (FSE:85G1) is pleased to disclose the results of its initial electric vehicle (EV) cathode material battery recycling tests aimed at specific car makers and OEM battery specifications.

As previously disclosed in a press release titled Initial Recovery Battery Test Results” dated February 22, 2021, the Company has set aside a significant portion of its laboratories resources to be able to perform “(…) additional tests to optimize the process of recovery of critical elements (…) using synthetic compounds to move the development along faster.” In a subsequent press release titled EV Batteries Recovery Tests Results: Lithium” dated March 18, 2021, the Company disclosed that it had “(…) completed EV battery characterization for the following car makers: Tesla, General Motors (GM), Ford, Toyota, and Nissan. The batteries were sourced from industry aggregators. The Company’s chemists and metallurgists created synthetic powder clones of the metal’s components allowing the testing’s acceleration (…)” Additionally, leveraging the support of some important stakeholders in the success of Company initiatives, St-Georges’ metallurgists were able to gather data on the composition of certain batteries in development or about-to-be commercially deployed in the coming year that are Lithium-Iron-Phosphate or LFP (LiFePO4) based. These not-yet-on-the-market batteries have been conceptually characterized, synthetically reproduced, and tested with the Company’s processing technology.

Four sets of battery category, covering all current car makers previously mentioned, along with the addition of the LFP batteries, have been processed in St-Georges’ contracted pilot-plant installations:

 -----------------------------------------
 |Main Core Powder|Chemical Formula      |
 |---------------------------------------|
 |LCO             |LiCoO2                |
 |---------------------------------------|
 |LMO             |LiMn2O4               |
 |---------------------------------------|
 |NMC             |LiNi0.33Mn0.33Co0.33O2|
 |---------------------------------------|
 |LFP             |LiFePO4               |
 -----------------------------------------

Cathode materials results

This initial test campaign’s objective was to determine which metals were put in solution from cathode materials using St-Georges’ proprietary acid-blend. From those experiments, it can be deduced that Lithium, Iron, Phosphate, Cobalt, Nickel, and Magnesium can be expected to be found in solution when using commercial batteries, on top of other metals such as Aluminium, Manganese, and Copper that can be recuperated in situ.

It is important to note that the LFP batteries might require a slightly different process to recycle 100% of the metals. Iron content generates a small amount of magnetism during the process while everything else remains in line with other battery compounds.

Read More: https://agoracom.com/ir/St-GeorgesEco-Mining/forums/discussion/topics/758863-st-georges-releases-initial-cathode-material-ev-battery-test-results/messages/2311562#message

Manitou Gold $MTU.ca Announces Closing of $5,031,000 Private Placement, Strategic Investments by Alamos Gold and O3 Mining $AGI.ca $OIII.ca $AR.ca $WDO.ca

Posted by AGORACOM-Eric at 3:28 PM on Friday, April 9th, 2021

Manitou Gold Inc. (TSXV: MTU) (the “Company” or “Manitou”) is pleased to announce that it has closed its previously announced private placement (the “Offering”) pursuant to which it has issued an aggregate of 45,740,909 “flow-through” common shares (“FT Shares”) at a price of $0.11 per FT Share to raise aggregate gross proceeds of $5,031,500.

The Company also issued an aggregate of 1,381,864 broker warrants to certain eligible registrants assisting in the Offering, each entitling the holder to acquire one common share of the Company at a purchase price of $0.11 per share for a period of three years from the closing of the Offering.

An amount equal to the gross proceeds from the sale of the FT Shares will be used for expenditures which qualify as Canadian exploration expenses (“CEE”) and “flow-through mining expenditures” (within the meaning of the Income Tax Act (Canada)). The Company will renounce such CEE with an effective date of no later than December 31, 2021.

In connection with the Offering, Alamos Gold Inc. (TSX: AGI, NYSE: AGI) purchased an aggregate of 15,900,000 FT Shares from a third party to maintain its 19.9% interest in the Company (calculated on a partially diluted basis).  In addition, O3 Mining Inc. (TSX-V: OIII) participated in the Offering, as a result of which, it owns a 9.9% interest in the Company (calculated on a partially diluted basis).

Read More: https://agoracom.com/ir/ManitouGold/forums/discussion/topics/758805-manitou-gold-announces-closing-of-5-031-000-private-placement-strategic-investments-by-alamos-gold-and-o3-mining/messages/2311415#message

Fabled Silver Gold $FCO.ca $FBSGF Amends and Restates Copper Option Agreements and Acquires Additional Claims $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 8:18 AM on Thursday, April 8th, 2021
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Fabled Silver Gold Corp. (“Fabled” or the “Company“) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announce that it has entered into an amended and restated option agreement (the “Amended Agreement“) with respect to certain of the Company’s copper properties, being Neil Property and the Toro Property, located in the Liard Mining Division in northern British Columbia.

Pursuant to the Amended Agreement,Fabled also now has the right to acquire additional claims covering an additional 3,842 hectares located in the same mineral belt (together with the Neil Property and the Toro Property, the “Muskwa Property“) from High Range Exploration Ltd. (the “Optionor“).

Under the existing option agreements, the Company was required to pay to the Optionor $5,000,000 in cash or shares by August 17, 2021, and a further $5,000,000 in cash or shares by March 3, 2022 to acquire an additional 50% of Neil Property and Toro Property not already owned by Fabled. In addition, Fabled was required to pay an additional $200,000 per annum to the Vendor in advance royalty payments, and pay a 2% NSR on the commencement of commercial production. Prior to entering into the Amended Agreement, past and unpaid advance royalty payments of $750,000 were to become due on March 31, 2021. Such amounts are not due under the Amended Agreement.

Pursuant to the Amended Agreement, in consideration for the right to acquire the whole and expanded Muskwa Property Fabled has agreed pay to the Optionor, in cash:

(i) $200,000 on the closing date;

(ii) $500,000 on the date that is twelve months after the closing date;

(iii) $750,000 on the date that is twenty-four months after the closing date;

(iv) $1,000,000 on the date that is thirty-six months after the closing date; and

(v) $2,000,000 on the date that is forty-eight months after the closing date.

The Muskwa Property will be subject to a 2% NSR payable to the Optionor but no advance royalty payments will now be due.

The additional claims included in the Muskwa Property (which include the Bronson deposit and additional claims contiguous and to the north of the Neil Property and ChurchKey Property) increase the Company’s land package within the same mineral belt which is believed to be 6 miles wide and 40 miles long and that trends north 35 degrees west and contains the Davis-Keays Eagle Vein, the past-producing Churchill Copper Mine Magnum Vein, the Neil Vein, the Toro/Churchill, and Bronson deposits, each of which are now under option to Fabled.

Read Morehttps://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/758707-fabled-amends-and-restates-copper-option-agreements-and-acquires-additional-claims/messages/2311215#message

SX Eco-Mining $SX $SXOOF: Received Latest Shipment of Bulk Test Lithium Material from Iconic $NNX.ca $OM.ca $ICM.ca $CRE.ca

Posted by AGORACOM-Eric at 8:34 AM on Wednesday, April 7th, 2021

St-Georges Eco-Mining Corp. (CSE:SX)(OTC:SXOOF) (CNSX:SX.CN) (FSE:85G1) is pleased to disclose that it has received the latest shipment of bulk material from Iconic’s (TSXV:ICM) Bonnie Claire Lithium Project in Nevada.

As previously reported, St-Georges’ metallurgists were able to concentrate through mineral processing and selective leaching the original feedstock by 25 folds, down to 4% of its initial mass where 99.99% of the lithium was leached into solution after 5 minutes at low temperature and normal atmospheric pressure.

Work on the Bonnie Claire Lithium Project material will now resume along side the on-going work being conducted on other hard rock lithium resources. Current efforts of flow sheet optimisation will focus on front-end challenges, like concentration, and also on the later purification stage, where testing of a newly designed bounding solution should reduce the number of steps required to achieve a 99%+ lithium purity.

Current hypothesis developed using an array of lithium feedstocks from different sources indicate the whole closed-loop initial cycle allows a recovery rate of 90% or better.  Reprocessing of the lithium bearing proprietary acid-blend solution eventually achieves higher total recuperation and achieves battery grade purity.

ON BEHALF OF THE BOARD OF DIRECTORS

“Enrico Di Cesare”

ENRICO DI CESARE
President & CEO of St-Georges Metallurgy & Director & VP R&D St-Georges Eco-Mining

About St-Georges

St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry. The Company controls all the active mineral tenures in Iceland. It also explores for nickel & PGEs on the Julie Nickel Project and the Manicougan Palladium Project on the Québec’s North Shore

Fabled Silver Gold $FCO.ca $FBSGF Reports on Drill Holes SM20-07 – 11 $RDU.ca $KTN.ca $GMBXF $EDR.ca

Posted by AGORACOM-Eric at 12:35 PM on Wednesday, March 31st, 2021
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Fabled Silver Gold Corp. (“Fabled” or the “Company”) (TSXV:FCO)(OTCQB:FBSGF)(FSE:7NQ) is pleased to announce updates of diamond drill holes SM20-07 – 11 from the on-going 8,000 meter drill program on the “Santa Maria” Property in Parral, Mexico.

Peter J. Hawley, CEO and President, remarks, “We are heading into areas never explored before, with new ideas to test our structure-on-structure theory over the Property. Hole SM20-07 intercepted two broad zones of northwest trending, never seen before, semi-massive marcasite, (pyrite) in hornfels, and to the east 225 meters, we tried to cross the major C1 regional north – south fault in the center of the Property.”

Hole SM20-07 was drilled at -50 degrees and 246.0 meters in length from same drill station as hole SM20-03 at an angle of 210 degree azimuth and designed to test the tail end of two northwest trending IP anomalies labeled IPSM-08. Northwest trending anomalies or structures have not been seen previously on the Property.

Drill results clearly demonstrate the cause of the two conductive zones, with a 19.90 meter intersection from 145.50 – 165.30 meters and a second 78 meter interval from 167 – 245 meters of greenish hornfels, (a metamorphic rock formed by the contact between a mudstone / shale (clay rich rock) and a hot igneous body, usually at shallow depths), with strong chlorite / sericite alteration with 25-30% marcasite, (white iron pyrite, FeS2). See Plan View of Drill Hole Locations below.

Drill hole SM20-08 was collared approximately 225 meters east of the drill station for holes SM20-4, 5, and 6. See drill plan below as designed to drill thru the interpreted main north – south structure at an oblique angle and hit the Santa Maria structure.

The hole was drilled with NQ size core, 1 7/8th inches at -50 degrees for a premature total depth of 64.18 meters where the hole was terminated by major faulting and could not be advanced further.

Drill hole SM20-08B was a re-entry into hole SM20-08 with larger PQ size drill core, 3.36 inches in diameter, to compensate for the massive broken structure, which allowed the hole to be drilled to a final depth of 234 meters and was successful in reaching its target. Currently all sampled drill core of interest is being tested. See Cross Section View below.

Drill hole SM20-09 was drilled with PQ size core from the collar, in anticipation of bad ground conditions, at -60 degrees for a targeted depth of -250 meters to hit the Santa Maria structure, as encountered in hole 8B and was terminated prematurely at 231 meters where not only did the hole collapse due to the fault but jammed the drill rods and a section of the drill string and bit was left in the hole.

Drill hole SM20-10 was designed to follow up on the hole SM20-8B targeted intercept but also to replace the loss of hole SM20-09.

HoleSM20-10 was drilled with PQ size core from the collar, in anticipation of bad ground conditions as seen previously, at -70 degrees for a targeted depth of -220 meters to hit the Santa Maria structure, as encountered in hole SM20-08B. The hole was successful in its objective and as such stopped at a total depth of 227.5 meters. Currently all sampled drill core of interest is being tested. See Cross Section View below.

Drill hole SM20-11 is located approximately 125 meters northeast of drill hole station 4 for holes SM20-08, 8B, 9, and 10. See Plan View of Drill Stations below.

The hole was drilled due west, 270 degrees, at -60 degrees targeting the intercept of the major north – south C1 regional structure at the right angle, 90 degree. The hole was successfully completed and drilled to a total depth of 258 meters.

New roads and drill pads have been completed and the drill is currently being moved to drill station 6 for hole SM20-12. See Plan View of Drill Stations below.

Peter Hawley continues, “We are systematically taking what was previously thought of as simple E-W high grade structure and re-evaluating, with numerous successes to date, in order to develop our new concept which is seen below in the “Plan View of Drill Station Locations over IP Anomalies”. Over the next few drill holes to test blue sky potential in the north of the Property should add to the new data base as we start to dial in the focus of the remaining drill program. With the Company well funded we will continue to explore all targets as they present themselves.”

Read More: https://agoracom.com/ir/FabledSilverGold/forums/discussion/topics/758317-fabled-reports-on-drill-holes-sm20-07-11/messages/2310474#message

St-Georges $SX $SXOOF: Iceland – The Floor is Hot Lava $NNX.ca $OM.ca $ICM.ca $CRE.ca

Posted by AGORACOM-Eric at 10:39 AM on Wednesday, March 31st, 2021

St-Georges Eco-Mining Corp. (CSE:SX) (CNSX:SX.CN) (OTC:SXOOF) (FSE: 85G1) would like to provide an update on the volcanic activities from the Geldingadalir volcano located on its Reykjanes provisional mineral exploration license in Iceland.

The volcano has been the site of a minor eruption for approximately 11 days at the time of this release.  St-Georges’ geologists, working under the Company’s subsidiary, Iceland Resources EHF, have taken a few kilos of rocks to obtain additional mineral and metallurgic information about what is now some of the youngest rocks on earth. The material coming out of the volcano has been rich in Magnesium, Iron, and Titanium. This appears to be preliminarily corroborated by observing the samples collected by St-Georges submitted to a Portable X-Ray Fluorescence (XRF) reading.  

https://www.thenewswire.com/data/tnw/clients/img/fb913b2d504f164c9228759e0fa8217d.png

According to the Icelandic government volcanologists, this is about to change with an influx of copper and potentially precious metals with lava originating from a different depth of the mantle.

The Icelandic Meteorological Office (IMO) published a summary of the activities, commenting that: “(…) t he lava is basaltic and highly fluid with little explosive activity. It is a very small eruption, and the lava flow has been steady at 5-7 m3/s since its onset. Currently the extent of the lava field is within Geldingadalur but if the eruption keeps ongoing at a similar rate, it is modeled that the lava will flow east towards Merardalur valley. If the volcano continues to erupt it could eventually end up being categorized as a shield volcano. Shield volcanoes are generally formed over long time periods with lava fields extending from a few to several kilometers around its source. There is no way to tell how long the eruption will last.

The current magma is rich in MgO (8.5%) which indicates that it is from depths of around 17-20 km. There has been constant gas pollution close to the eruption site, spatially determined by local wind conditions. Gases can accumulate to life-threatening levels in certain weather conditions. There have been no indications of significant tectonic movements since the eruption started. There is currently no indication of new openings at other locations along the magma injection path.(…)”.

St-Georges and Iceland Resources would like to invite visiting geologists, volcanologists, journalists, and avid volcano tourists to get in touch with us. We can help organize visits to the site and provide geological support for scientific initiatives relating to the recent volcanic eruptions. We are also planning small group visits to the Thor Gold Project for people interested. Please send us a quick note via our website at www.st-georgescorp.com

About the Reykjanes exploration license

The Reykjanes provisional license is part of the license application for active exploration work that is being processed by the Icelandic authorities. It covers the area of the active volcano. It is located in the Reykjanes Peninsula near the towns of Keflavik and Grindavik and the International Airport.  Readers can see the prospect area in the map provided by ISOR in Figure 1 below.

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