St-Georges Eco-Mining (CSE:SX) has refined the geological model of the Manicouagan Project in Québec, uncovering the South-East Manic Zone.
CEO Herb Duerr says the campaign was intended to examine areas similar to known areas of mineralisation, located 6.5km east of the Bob mineralised corridor.
“This work confirms similar mineralisation to other targets on our project,” Duerr says.
Samples returned up to 2.28% nickel, 0.37% copper, 0.17% cobalt, as well as 0.81 grams per tonne palladium and 0.55g/t platinum.
St-Georges will request for permission to conduct deep drilling to follow up on these results, while conducting ground magnetic and electromagnetic surveys before trenching and channel sampling.
“We exceeded our goal to document mineralised outcrops and collect the supporting data needed for the next phase of exploration,” Duerr adds.
“While these results come primarily from select grab samples and are not necessarily representative of the wider area, they are nonetheless a very encouraging sign.
“In addition, one of the stream sediment samples, collected on the eastern limits of the project, even contained trace amounts of platinum — providing further context to the broader mineral potential we are defining.”
Meanwhile, the company has returned the first ever revenues recorded from its wholly owned subsidiary St-Georges Metallurgy last month.
St-Georges expects to return further revenues before the end of the financial year and into 2026, with a bulk of the revenue to stream from its first multi-ton shipment of geothermal scaling concentrate from Iceland.
Write to Maddison Elliott at Mining.com.au
Images: St-Georges Eco-Mining
