Posted by AGORACOM
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.
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.
Posted by AGORACOM
at 8:15 AM on Tuesday, March 23rd, 2021
Graduated from the OTC Pink Sheets (“OTCPK”)
Commenced trading on the OTCQB Venture Marketplace under the symbol “FBSGF”.
Fabled Silver Gold Corp. (TSXV: FCO) (OTCQB: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce that effective March 22, 2021, it has graduated from the OTC Pink Sheets (“OTCPK”) and commenced trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “FBSGF”.
Peter Hawley, CEO and President, commented, “Trading on the OTCQB will make the Company accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing our Parral, Chihuahua, Mexico project, to this new group of investors.”
The Santa Maria project is located in the mining friendly jurisdiction of Parral, Mexico; situated in the centre of the Mexican epithermal silver-gold belt, which has produced more silver than any other area in the world.
The OTCQB Venture Market is the premiere marketplace for early stage and developing U.S. and international companies. Participating companies must be current in their reporting and undergo an annual verification and management certification process.
Posted by AGORACOM
at 8:43 AM on Monday, March 22nd, 2021
Five silver bearing north – south structures were intercepted
North – South structures are mineralized
East – West Santa Maria structure returned 14.7 meters grading 44.92 g/t Ag Eq
Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce assay results of diamond drill hole 6 from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, “This completes the results of the fence of drill holes 4,5 and 6 which are located approximately 125 meters to the east of the previous fence of holes 1, 2 and 3 which have been reported.
“Hole SM20-06 was drilled at -50 degrees and 232.0 meters in length and designed to test the various structures in the brittle oxide zone.
“Drill results demonstrate, while we are traversing eastwards the edge of a broad secondary north – south structure trend is starting to be encountered with intermittent silver mineralization within the structural fabric. As shown below in Table 1, five silver bearing north – south structures were intercepted before intersecting the targeted East – West Santa Maria structure which intersected 14.7 meters grading 44.92 g/t Ag Eq at -150 meters.
“Drill hole SM20-04 which was drilled at -60 below hole SM20-06 intercepted a north – south trending fault which displaced the Santa Maria Structure slightly to the south. This displacement is also quite evident in the first priority east to west northern IP anomaly IPSM-04 which has the same offset as we have encountered.
“Further evidence of the north – south trend is found in hole SM20-05 which has not only intersected the edge of Santa Maria structure but has also intersected three additional north – south trending mineralized structures reporting up to 232.08 g/t Ag Eq over 2.20 meters, 162.64 g/t Ag Eq over 0.55 meters and 1.6 meters grading 46.62 g/t Ag Eq before hitting the edge of the displaced Santa Maria structure at -300 meters vertically reporting 53.21 g/t Ag Eq over 7.2 meters.
“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized.
“Re-logging of previously drilled hole SM-17-10 shows it intersected the north – south structures between hole SM20-04 and 05 at right angles to the structure not along the structure and returned1.40 g/t Au, 862 g/t Ag, 934.02 g/t Ag Eq.
“The two fences of drill holes 125 meters apart completes this drill section and adds new structural details to the interpretation on the newly interpreted East – West Santa Maria structure which is clearly defined from surface down to -350 meters vertically, which is the deepest hole ever drilled on the property. The structure remains very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 5 drill holes drilled to date.
“We expect to see the effect of the North – South structural fabric to become more intense as we move to the next fence of holes a further 200 meters to the east and expected to be in the middle of what is interpreted to be the center of the broad North – South structure intersecting the Santa Maria Structure. If this is the case this will set the stage for further investigation of this area.”
Posted by AGORACOM
at 4:38 PM on Thursday, March 18th, 2021
99.99% of the lithium leached in solution after 5 minutes at low temperature and without applying pressure.
completed EV battery characterization for 5 car makers
Pilot Testing Next
St-Georges Eco-Mining Corp. (CSE:SX)(OTC:SXOOF) (FSE:85G1) (CNSX:SX.CN)is pleased to provide an update on the initial testing phase of an array of electric vehicles batteries it received at its testing installations in Québec.
The Company has 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.
This is in line with the results obtained previously by the Company’s metallurgical team that was able to leach more than 99% of the cobalt and the nickel contained in the batteries. Furthermore, the aluminium foil used to hold the different metals in the batteries’ core remains intact and can be recycled.
The Company expects to confirm these results via a series of pilot tests as it now is in possession of car makers’ specific testing protocols. Testing will be documented and independently confirmed. The Company expects to initiate the next phase, metals purification, in April. The Company hopes to be able to reduce processing time and increase acid re-usage.
EVSX and St-Georges have also identified some of the key equipment required from industrial equipment manufacturers. They expect to be able to receive the electrolysis equipment during the month of May, allowing the manufacture of lithium hydroxide.
The Company had already disclosed on February 22, 2021, that additional tests to optimize the process of recovery of critical elements were to be conducted using synthetic compounds to move the development along faster. Work is ongoing at multiple locations, speeding up delivery and further protecting intellectual property.
Posted by AGORACOM-JC
at 5:02 PM on Thursday, March 11th, 2021
Fabled Silver Gold controls 100% of the Santa Maria Gold and Silver property in Mexico. It is a high grade underground mine with a rich mining history and a Silver Equivalent 43-101 with 3.2million ounces Indicated and 1.1m inferred.
Santa Maria, surprisingly, has never been systematically explored with modern methods, until now. FCO is 2000 meters into their first drill program of a planned 8000 meters to support updating the 43-101,and have recently reported on drill holes 4 and 5 from the Santa Maria Property in Parral, Mexico.
The mining friendly jurisdiction of Parral has produced over 250M oz silver. Moreover, multiple major operators in the vicinity, including three toll mills are within a 20 km distance.
Watch this great interview with CEO Peter Hawley as he explains how these results support increasing the resource, as well as identifying new structures that support finding new discoveries.
Posted by AGORACOM
at 8:17 AM on Tuesday, March 9th, 2021
On-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico
SM20-05 intersected three additional north – south trending mineralized structures
North – South trending fault has displaced the Santa Maria Structure slightly to the south
Next fence of holes a further 200 meters to the East
Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce diamond drill holes 4 and 5 from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, “The fence of drill holes 4,5 and 6 are located approximately 125 meters to the east of the previous fence of holes 1, 2 and 3 which have been reported.
“As expected, as we traverse eastwards the edge of a secondary north – south structure trend is starting to be encountered. Hole SM20-04 drilled at -60 degrees intersected 12.5 meters grading 22.37 g/t Ag Eq at -200 meters vertically in a north – south trending fault which has displaced the Santa Maria Structure slightly to the south. This displacement is also quite evident in the first priority east to west northern IP anomaly IPSM-04 which has the same offset as we have encountered.
“Further evidence of the north – south trend is found in hole SM20-05 which has not only intersected the edge of Santa Maria structure but has also intersected three additional north – south trending mineralized structures reporting up to 232.08 g/t Ag Eq over 2.20 meters, 162.64 g/t Ag Eq over 0.55 meters and 1.6 meters grading 46.62 g/t Ag Eq before hitting the edge of the displace Santa Maria structure at -300 meters vertically reporting 53.21 g/t Ag Eq over 7.2 meters.
“These intercepts add weight to the proposed theory that not only do the north – south structures slightly off set the east to west structures but they are more importantly mineralized. We expect to see this become more pervasive in the next fence of holes a further 200 meters to the east and to be in the middle of what is interpreted to be the center of the North – South structure intersecting the Santa Maria.
“Re-logging of previously drilled hole SM-17-10 shows it intersected the north – south structures between hole SM20-04 and 05 at right angles to the structure not along the structure and returned 1.40 g/t Au, 862 g/t Ag, 934.02 g/t Ag Eq.
“These drill holes plus the results from hole SM20-06, to be announced, adds to the drill sections and interpretation on the newly interpreted Santa Maria structure and clearly defines the structure from surface down to -350 meters vertically, which is the deepest hole ever drilled on the property. The structure remains very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 5 drill holes drilled to date.”
Peter Hawley continues, “The data being obtained from this fence of drill holes with the mineralized north – south structures now evident should not only help target adding silver ounces to the overall resource but also allow us to interpret and model the behavior of this robust mineralized system for future drilling as we expand outwards from the present resource. We now have two mineralized plumbing systems starting to intersect which bodes well for the future drilling.”
Posted by AGORACOM
at 8:08 AM on Tuesday, March 9th, 2021
Main Shear Confirmed Along 2 km Strike Length
Drilling at Stover continues to intersect broad zones of gold mineralization
3.0 m grading 4.0 g/t Au within a broader intersection of 49 m grading 0.7 g/t Au
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 along the eastern portion of the Baltimore deformation zone (the “BDZ”) on its 100% owned Goudreau Project in Northeastern Ontario.
Highlights of drill results are from the Stover zone and newly identified extension zones, where the Company is reporting assay results from an additional eight drill holes completed in February of this year. Drilling is ongoing, with two diamond drill rigs currently testing the Stover zone and 28 other high priority targets on the eastern 4 kms of the 18 km length of the BDZ on Manitou property.
Highlights:
Drilling at Stover continues to intersect broad zones of gold mineralization down plunge of previously announced, shallow drill hole intersections, with highlights including:
3.0 m grading 4.0 g/t Au within a broader intersection of 49 m grading 0.7 g/t Au (starting at 291 m down hole) in hole MTU-21-10, located approximately 200 metres down-plunge of hole MTU-20-56, which intersected 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au; and
36.5 m grading 0.5 g/t Au (starting at 186.9 m down hole), including 4.4 m at 1.8 g/t Au in hole MTU-21-07, located 150 m up plunge of MTU-21-10.
Identified significant gold mineralization over widths of up to 12 m in step-out holes located 1.2 kms east and 600 m west of the Stover zone along the “Main shear”;
The Main shear has now been drill confirmed along 2 km of strike length.
All gold zones encountered along the BDZ to date remain open in all directions; additional drilling to test for higher grade shoots is ongoing. A second diamond drill is completing follow-up hole in the vicinity of the step-out drilling to determine the extent of gold mineralization in these new areas.
Aggressive step-down drill-hole underway with hole MTU-21-12, which targets the Stover zone 200 m down-plunge from the deepest intercept to date. Hole MTU-21-12 is an aggressive step-down drill hole which targets the mineralized zone at a vertical depth of approximately 450 metres.
“Our exploration thesis for the BDZ is that the orogenic gold environment proven up by our neighbours to the west is intact, with the main gold bearing sections beginning at depths of several hundred metres below surface. The deeper we have drilled on the Stover zone, the more confirmation we are getting in this regard. I am very optimistic about the ongoing hole MTU-21-12, which is testing 200 metres below our most recent, highest grade intersection to date,” stated Richard Murphy, President and CEO of Manitou Gold. “I am also looking forward to the results of our ongoing geophysical surveys, which are covering the western ten kilometres of the BDZ on Manitou Property. I expect that we will be ramping up our exploration drilling to test new targets in this area.”
Stover Zone
Today’s results from the Stover zone includes two drill holes collared 50 m and 200 m down-plunge of previously released drill holes, (see news release dated December 16, 2020 & news release January dated January 12, 2021) which intersected up to 39.9 m at 0.5 g/t in hole MTU-20-49, 0.8 g/t Au over 18.0 m, including 3.3 g/t Au over 2.1 m in hole MTU-20-52 and 15 m grading 1.5 g/t Au, including 5.3 m at 2.7 g/t Au in hole MTU-20-56.
Hole MTU-21-07 returned 36.5 m at 0.5 g/t Au (starting at 186.9 m down hole), including 4.4 m at 1.8 and Hole MTU-21-10 intersected 49 m at 0.7 g/t Au (starting at 291 m down hole), including 3.0 m at 4.0 g/t Au.
The new results demonstrate the down-plunge continuity of mineralization and validate the interpretation of steeply westerly plunging shoots. Drill results to date demonstrate the continuity of mineralization over a distance of 200 metres along strike and 350 metres down plunge.
The company is now completing an aggressive step-down drill hole which targets the mineralized zone at a vertical depth of approximately 450 metres and 200 metres down plunge of the deepest intercept to date.
Posted by AGORACOM
at 2:10 PM on Wednesday, February 24th, 2021
Arctic Star Announces Further Increase To Non-Brokered Private Placement
Amended the terms of its previously announced financing described in its press releases of Feb. 2, 2021, Feb. 4, 2021, and Feb. 19, 2021
Issue up to 26 million units for gross proceeds of up to $1.3-million.
Arctic Star Exploration Corp. has amended the terms of its previously announced financing described in its press releases of Feb. 2, 2021, Feb. 4, 2021, and Feb. 19, 2021. The company previously disclosed that it would issue up to 17 million units at a price of five cents per unit for gross proceeds of $850,000. Due to further increased demand, the company has increased the number of units to be issued, such that it will issue up to 26 million units for gross proceeds of up to $1.3-million.
Each unit will comprise one common share in the capital of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share in the capital of the company for a period of 24 months from the closing date at an exercise price of 10 cents.
All securities will be subject to a four-month hold period from the closing date. The private placement is subject to TSX Venture Exchange approval.
The company intends to use the proceeds from the private placement for exploration on the Diagras diamond project and for general working capital.
Posted by AGORACOM
at 9:27 AM on Wednesday, February 24th, 2021
Results for 3rd diamond drill hole from on-going 8,000 meter drill program
Santa Maria structure identified from surface to -350 meters vertically
12.50 Meters of 85.30 g/t Ag and 0.49 g/t Au
Results support the expansion of Santa Maria and increasing the present NI 43-101 resources
Fabled Silver Gold Corp. (TSXV: FCO) (OTC Pink: FBSGF) (FSE: 7NQ) (“Fabled” or the “Company”) is pleased to announce the third diamond drill hole from the on-going 8,000 meter drill program on the Santa Maria Property in Parral, Mexico.
Peter J. Hawley, CEO and President, remarks, “The recent drill hole concludes the first ever complete drill section on the newly interpreted Santa Maria structure and clearly defines the structure from surface to -350 meters vertically, which is the deepest hole ever drilled on the property. The 12.50 meter intersection has clearly defined a footwall and hanging wall structure with corresponding elevated silver values up to over 7 ounces of silver and remains open at depth. More importantly, the structure is very conformable and intersected exactly where predicted, which bodes very well for the expansion of Santa Maria and increasing the present NI 43-101 resources on the property with only 3 drill holes drilled to date.”
Peter Hawley continues, “The data being obtained from this fence of drill holes will not only target adding silver ounces to the overall resource but also allow us to interpret and model the behavior of this robust mineralized system for future drilling as we expand outwards from the present resource.”
Table 1: Drill Hole Intercepts
Hole No
From (meters)
To (meters)
Width (meters)
Au g/t
Ag g/t
SM20-003
349.50
362.00
12.50
0.49
85.30
Including
349.50
351.80
2.30
0.20
123.10
Including
357.40
362.00
4.60
0.81
128.49
357.40
359.20
1.80
1.08
214.00
361.30
362.00
0.70
1.52
230.00
Drill holes SM20-01, SM20-02 and SM20-03 are drilled on the same section with holes 02 and 03 targeting the sulphide intercept of the Santa Maria vein and structure.
Drill hole SM20-02 was drilled at an angle of -65 degrees for a total hole depth of 232 meters. Drill hole SM20-03 was stationed 75 meters behind the drill station for holes 01-02 and drilled at an angle of -75 degrees for a total depth of 375 meters.
The Company has completed drill holes SM20-01 – 07 for a total of 1,895 meters. Holes SM20-04 – 06 have been sampled and submitted to ALS Chihuahua Laboratory for analysis. Hole SM 20-08 is in progress.
