MONTREAL, QUEBEC--(Marketwire - Sept. 7, 2011) - St-Georges Platinum and Base Metals Ltd. (CNSX:SX)(BERLIN: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 link 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.
To view the figure 1 and figure 2, please visit the following link: http://media3.marketwire.com/docs/LKD0907.pdf
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 statements.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.