Le ROYAL LITHIUM EXPLORATION PROGRESS UPDATE
Montreal, Quebec / TheNewswire / November 15, 2016 - St-Georges Platinum and Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to update its shareholders in regards to the current exploration effort on Le Royal Lithium project.
St-Georges' management hired Magnor Exploration Inc. in October to plan and execute a first exploration campaign on Le Royal Lithium.
During the last week of October, a team of geoscientists with Yves Caron as its lead geologist, visited the project and conducted some initial surface work. Mr. Caron was instrumental in the development of the Wabouchi Lithium deposit while he was the Vice-President Exploration of Nemaska Lithium. Mr. Roger Ouellet was also part of the campaign as a senior geologist.
The team was encouraged by the discovery of outcrops on the limited territory covered in this evaluation visit and a zone of interest was identified that should be the priority of the exploration advancement. The work enables St-Georges to confirm the presence of a favourable geological context for the discovery of lithium bearing mineralization.
The Royal Lithium project is located near the La Corne pluton in the Preissac-La Corne Batholith at the contact of three geological domains. Considering these lithologies, the presence of the North American Lithium (formerly Quebec Lithium) deposit 5 km north-east of the project and the presence of many other lithium showings in the proximal area, Le Royal Lithium has a confirmed potential for rare metals (Li, Be, Nb and Ta) in rare-element pegmatites.
Figure 1: Geological settings of Le Royal Lithium
Part of the project is accessible by logging roads that are currently in good conditions. However, most of Le Royal Lithium lies under heavy dense forest and in order to continue the surface work, the Company must conduct a significant amount of line-cutting for which Magnor Exploration Inc. has initiated the permitting with the Ministry of Natural Resources.
Initial surface magnetic & radiometric geophysics aimed at confirming the local geology signature was conducted by Exploration St-Pierre Inc. from St-Felix Qc. While the initial work was conducted on sections of the property that are easier to access, the second part of that effort will be completed after the line cutting task is completed.
Independent due diligence report highlights:
-Sample collected yields 2.508% LiO2
-Regional geological environment is favorable to potential large discovery
-Most of the lithium found in the sample is contained in Lepidolite
-There is presence of spodumene
-Compilation of historical geological data suggests multiple exploration vectors
Yves Caron, P.Geo. (OGQ #548), a Qualified Person under the National Instrument 43-101, has reviewed and approved the geological content of the current press release.
ON BEHALF OF THE BOARD OF DIRECTORS
FRANK DUMAS, PRESDIDENT & CEO
St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.
Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.