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St Georges Eco-Mining Technologies Profile

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BREAKING: St-Georges Announces Strategic Disposition of Mineral Assets

  • Entered into a share purchase agreement dated May 29, 2019, with BWA Group PLC (PZ: BWAP)
  • An arm’s length company listed on the London NEX Exchange a minority shareholders of Kings of the North Corp., owned at 50.18% by SX, pursuant to which BWA will acquire of all the issued and outstanding shares of KOTN for an aggregate consideration of CAD $7,500,000 or approximately 4,400,000 GBP.

Projects

  • The Julie Nickel Discovery Project on Quebec's North Shore.

  • Le Royal Lithium Project, adjacent to Quebec Lithium Mine (Abitibi, Quebec)

  • A direct or indirect control of all mineral exploration licences in Iceland through its subsidiary Iceland Resources.

 

Julie Nickel Discovery

Highlights:
  • 11.64 meters channel intersection grading 1.82% Nickel, 0.29% Copper and 0.04% Cobalt

  • 3,735 line-km of airborne magnetic geophysical survey with 100m spacing completed in 2011

  • Standing Exploration Agreement with the Innu First Nation 

Julie is located 142 km northwest of the deep sea port town of Baie-Comeau on the Quebec North Shore and is accessible by paved and logging roads. The Julie project is one of the main active exploration projects for St-Georges and covers over 4000 hectares
The main discovery contains semi-massive & massive sulphides associated with magmatic intrusive rocks of gabbroic composition. The Sulphides consists of pyrite, pyrrhotite, chalcopyrite, and pentlandite. The mineralization is hosted in the gabbro-norite.

Le Royal Lithium Project

Highlights:

  • Sample collected yields 2.508% LiO2

  • Regional geological environment is favourable to potential large discovery

  • Lithium found in the samples is contained mostly in Lepidolite with the presence of spodumene

Le Royal is an active exploration project covering 286 hectares within a known lithium district. Albeit situated only 4 km from the Quebec Lithium Mine it constitute a new discovery. Le Royal is easily accessible and lies close to infrastructure and facilities.
 

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Last changed at 31-May-2019 11:47AM by AGORACOM