Drilling Resumes At Manicouagan Critical-Strategic Minerals Project

MONTREAL – St-Georges Eco-Mining Corp. announced the resumption of drilling, at the Manicouagan Critical and Strategic Minerals Project. The Company completed an 11-hole drill program for a total of 1,804 meters during the months of November and December 2022. All core has been logged, photographed, split, and sent for assaying and will be reported when results are received.

Prior to the completion of drilling, the Company flew a detailed airborne magnetic survey over the entire land package and initiated downhole Electro-Magnetic (EM) surveys concentrated on the drill holes within the Bob mineralized zone. This survey identified additional targets within and to the south of known mineralization, suggesting the presence of a deep intrusive body.

Upon completion of the close-spaced airborne magnetic survey, during the assessment unique features were identified that were not previously defined. The interpretation indicates a potential impact crater of astrobleme on the eastern margin of the property. This feature is oval in shape and approximately 2.6 km by 3.5 km, as defined by its overall magnetic signature and the intense central magnetic feature.

Further to this interpretation, an elongated dome feature of the rocks immediately to the west is outlined by a second less dramatic magnetic response. This feature is approximately 5 km long by 2 km wide. The interpreted dome currently contains most of the nickel-copper-cobalt-PGE targets identified by St-Georges’ geologists and historically by others. Underlying and partially offset to the southwest of the dome, a possible deep intrusive is suggested as a source for the mineralized mafic rocks.

Given the aforementioned, and the Company’s geologic knowledge from past work, the geologic model for the project has evolved. It is suspected that the astrobleme may be a fragment of the Manicouagan meteor. The trajectory calculated from the impact and doming was sub-vertical from east to west. The impact domed up the rocks to the west for over 5 km. Mineralization was injected either as part of the fragment or from depth within mafic and ultramafic sills or dikes, as identified in previous drilling. The inference of the dome is significant as it may mean that holes drilled in the past on the southern margin may have been oriented in the wrong direction, missing any near surface mineralization.