MONTREAL, Sept. 7, 2011 /CNW Telbec/ - St-Georges Platinum and Base Metals Ltd. (CNSX: SX) (BSE: 85G) is pleased to provide updates on the second phase of its drilling
program carried out on the Villebon property located 45 km southeast of
Val d'Or in the Abitibi Greenstone Belt of Quebec.
Currently, eleven (11) holes core have been completed and one additional
hole from the 2010 campaign was extended. The locations of the drill
holes are shown in Figure 1 below. The holes investigated the extension of Ni-Cu-mineralized peridotite
sills/komatiite flows within the South and North zones.
Holes 07 and 08 cut through tens of meters of massive, siliceous,
brecciated and sheared andesite/basalt rocks that are chloritized,
hematized and display carbonitization in stockwork stringers. (See
picture in Figure 2.).The mineralization consists of disseminated
coarse to fine-grained pyrite/pyrrhotite and veinlets with accessory
chalcopyrite and arsenopyrite. Mineralized intersections for holes 07
and 08 are 50 m (43-93 m) and 47 m (93-140 m) respectively. Core
analyzes are underway and assay results will be released within five to
ten weeks. Core log observation for other holes are pending.
Previously released observations reported regarding drill hole logs
indicate that holes FV-11-01, 02, 04 and 05 intersected a disseminated
to massive pyrrhotite-chalcopyrite zone within altered
(chloritized±carbonatized) peridotites/komatiites at relatively shallow
depths (17 to 70 m). The apparent thickness of the mineralized
ultramafic rocks varies from 3 to 16 m.
Hole FV-11-06 cut through deca-metric massive, siliceous, brecciated and
sheared andesite/rhyolite rocks that are chloritized, hematized and
display carbonitization in stockwork stringers. A section of 54 m
(apparent thickness) contains semi-continuous pyrite/pyrrhotite in
flattened pods or veinlets accompanied by very fine-grained
disseminated pyrite±chalcopyrite ± arsenopyrite (1-10%). The style of
mineralization and alteration observed in the core is compatible with
possible precious metal mineralization. Core analyzes are underway and
assay results will be released within five to ten weeks.
Figure 1. Map and Figure 2. Picture of a section of Hole FV-11-07. Pyrite / pyrrhotite
in andesite / basalt
St-Georges is a junior Platinum, Palladium, Rhodium, Copper, Cobalt and
Nickel explorer with projects in the Province of Quebec, Canada.
Headquartered in Montreal, the Company's stock is listed on the CNSX
under the symbol SX and on the Berlin Stock Exchange under the symbol
85G. It owns a 70%-interest in the core portion of the Villebon
property in Abitibi and 100%-interest in the extensions of the property
to the north and southeast, a 100%-interest in eight North Shore
properties that constitute the Manicouagan constellation and a
100%-interest in the Isoukustouc group of properties on Quebec's North
Shore near the deep-seaport town of Baie-Comeau. For additional
information, please visit our website at www.stgeorgesplatinum.com.
Michel Boily,Ph.D,. P.Geo, St-Georges Vice-President Exploration is a
qualified person under NI 43-101. Mr. Boily has reviewed and approved
the technical content of this release.
This document contains certain forward-looking statements which involve
known and unknown risks, delays, and uncertainties not under the
corporation's control which may cause actual results, performance or
achievements of the corporation to be materially different from the
results, performance or expectation implied by these forward-looking
The Canadian National Stock Exchange (CNSX) has not reviewed and does
not accept responsibility for the adequacy or the accuracy of the
contents of this release.
SOURCE St-Georges Platinum and Base Metals Ltd.
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