St-Georges samples 37.4 g/t Au at Thor THOR GOLD RIVERBED
St-Georges Eco-Mining Corp. has released the initial fire assay results from the preliminary surface exploration campaign conducted on the Thor gold project in order to prepare this summer's shallow drilling campaign. The company's exploration team collected grab samples from the dry riverbed on both sides of the river running to the west of the historical work areas. A total of eight samples were cut from the outcrops.
All grab samples have shown the presence of gold with assays results ranging from 0.001 gram per tonne to 37.4 g/t.
The grab samples collected from the outcrop are, by nature, selected samples and are not necessarily representative of the mineralization hosted on the property.
Three of the grab samples located between 50 metres and 150 m of the historical workings are deemed significant enough to warrant some adjustment to the previously planned shallow drilling grid for this summer's campaign.
FIRE ASSAYS RESULTS
Silver g/t Copper % Gold g/t Lead
Sample 003 5.9 g/t 0.015% 11.75 g/t Not significant
Sample 007 0.6 g/t 0.014% 2.47 g/t Not significant
Sample 008 69.3 g/t 0.216% 37.4 g/t 4.37%
Quality control
Samples were collected and bagged by the SX geological team and transported in secure bags directly from the site to Iceland Resources' secured warehouse facilities in Keflavik. From there, two quality control blank samples were added to the other eight samples, and the batch travelled by plane to ALS Global Laboratories (ISO/IEC 17025 accredited) in Loughrea, Ireland. All samples were tested using four-acid trace analysis (ME-ICP61). Samples that yielded precious metals content in excess of 10 parts per million were analyzed a second time by gravity separation and fire assay finish.
About Thor gold
The Thormodsdalur gold project is located about 20 km east of the city centre of Reykjavik and southeast of Lake Hafravatn. The project was discovered in 1908. The property produced a gold concentrate from 1911 to 1925, which was shipped to Germany for processing. Over 300 m of tunnels explored and mined one or more quartz veins and wall rock below open cuts at the surface.
Studies between 1996 and 2013 identified the project mineralization as a low-sulphidation system hosted by basic to intermediate flows of Pliocene to Miocene age. The host contains banded chalcedony and ginguro within a fault zone up to five m in width. To date, the identified gold trend has a known strike length of 700 m determined by drill intercepts. Petrographic analysis of the vein material identified gold occurring in its free form and as part of an assemblage with pyrite and chalcopyrite. Petrographic and XRD studies show an evolution of the vein system from the zeolite assemblage to quartz-adularia and, lastly, to minor calcite.
Thirty-two holes have been drilled within the licence area for a total of 2,439 m. Gold values vary from less than 0.5 g/t to a maximum of 415 g/t. (These values were obtained from selected random intervals and cannot be construed to be representative of any particular thickness or overall length.) The best intercepts from the diamond drilling are 33.5 m of eight g/t Au (true thickness) and 5.2 m of 35.4 g/t Au (true thickness).
Gary McLearn, a professional geoscientist (Ontario APGO No. 2900) and an independent qualified person as defined by National Instrument 43-101, has prepared and supervised the preparation and approved the scientific and technical disclosure in the news release.
Herb Duerr, PGeo (AIPG, CPG No. 11498), a St-Georges' director, has also reviewed the scientific and technical content of this release. Mr. Duerr is a qualified person as defined by NI 43-101 -- Standards of Disclosure for Mineral Projects.
About St-Georges Eco-Mining Corp.
St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry.
The company controls, directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie nickel project and for industrial minerals on Quebec's North Shore, and for lithium and rare metals in Northern Quebec and in the Abitibi region.