St-Georges receives work recommendations for Thor
ST-GEORGES PLATINUM and Base Metals Ltd. has provided an update to its shareholders and stakeholders on the progress of its exploration initiative made in Iceland.
The company recently received a technical report that was commissioned by Tim Eatwell, MGeol, FGS, SEG, AUSIMM, and is currently reviewing its findings and recommendations. The current report is a first step toward initiating a National Instrument 43-101 technical report after all preparation work and project visits are completed at a later date.
An emphasis was placed on identifying fault systems and sampling areas of notable alteration or mineralization.
Highlights of the report
The work was undertaken as first-pass data-gathering exercise in order to categorize the Thor project as a low-sulphidation alkali epithermal gold system. New sampling and reconnaissance mapping support the Thor previous known historical results with samples assaying from less than 0.5 gram per tonne to 13.55 grams per tonne gold.
Geochemical analysis of results from the Thor project indicate that gold is the best diagnostic tool with bismuth, arsenic and silver as potential pathfinder elements. Alteration of the target type can also be identified in the relative enrichment of potassium and depletion of sodium in the host rock. This alteration resulted in the formation of adularia and illite.
A systematic geochemical sampling campaign may be able to use the alteration and pathfinder elements to vector toward a Thor-type goldbearing system. These data also support the hypothesis that the mineralization observed at Thor is geochemically analogous with other highly productive low-sulphidation alkali epithermal gold systems around the world.
Further licence-scale sampling campaigns should be performed systematically along grid lines. High-resolution satellite imagery should be used for further investigation of areas of intense hydrothermal activity.
Samples should be analyzed to a lower level of detection considering the low resolution of gold grades seen only metres from the known mineralization at Thor.
Because of the small footprint of the Thor deposit, it is recommended that a lower threshold for gold values should be used in future sampling. Multielement suites should be used to ascertain potassic alteration and sodium depletion envelopes in future exploration campaigns.
New sampling results
Twenty-two select samples were collected from trenches previously sampled on the Thor project. These samples were collected by professionals to both confirm the existence of gold grades and the geologic setting.
Gold grades ranged from less than 0.005 part per million to 13.55 parts per million and silver grades ranged from less than 0.5 part per million to 6.8 parts per million. The average of the 22 samples was 2.26 parts per million gold.
Erika Flores condensed this news release (firstname.lastname@example.org).
Mark Anthony Billings, Enrico Di Cesare, Herbert Duerr, Francois Dumas, Gary Johnson, Wei-Tek Tsai, Vilhjalmur Thor Vilhjalmsson
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