Nickel Processing Technology & Julie Nickel Exploration Update
Nickel Processing Technology & Julie Nickel Exploration Update
-FOR IMMEDIATE RELEASE-
Montréal, December 8, 20 20 – St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE:
85G1) announces an extension to the term of 11,855,500 common share purchase war rants originally
issued as part of a private placement with the final tranche closed on January 17, 2020 . The expiry date
will be extended as follows:
Number of Warrants: Revised Expiry Date of Warrants: New Expiry Date of Warrants:
4,400,500
February 29, 2021
November 29, 2021
2,780,000 March 18, 2021 December 18, 2021
3,025,000 March 23, 2021 December 23, 2021
1,000,000 April 3, 2021 January 3, 2022
650,000 April 17, 2021 January 17, 2022
All other t erms of the Warrants will remain unchanged. The Extension is su bject to the approval of the
CSE.
Issuance of Stock Options
The Company also announced the issuance of a total of 7, 150,000 stock options for Management,
Directors, and certain consultants at an execution price of $0.20 and an expiry date of December 7, 2025.
Julie Nickel Project Progress Update
St-Georges has completed a total of 9 surface test holes in the curre nt on-going exploration campaign on
the Julie Nickel Project. These hol es were completed using a hammer drill (DTH) and extending to
average depths of 21 meters. Three historical trenches were the targets of the current drill pattern. The
Company’s geological team tested several different types of known mineralization previously identified at
the surface. Th is work will as sist in identifying and understand ing the relationship and potential for
targeting these different mineralized areas within the project area.
The material collected i s in the form of fine rock chips and fine dust. It was bag ged and sealed at every
1.5 meters of hole length. The bags were transported and s tored securely by the Company’s contractor
and brought to a secure warehouse under the supervision of the contracted geologist. These bags ha ve
now been processed. The material in each bag was spread over a small grid, and multiple readings were
taken with a handheld X RF Analyzer Spectrometer conducting X -Ray Diffraction Elemental Analysis.
When the content of the bags returned readings in excess of 1% nickel, the entire bag’s content was fed
into a rippler device to mix the material in order to generate two representative samples that will be sent
to an independent laboratory for analysis.
Picture 1. Content of one bag from a DTH hole drilled on Julie Nickel
At this stage of exploration, the Company believes that a significant amo unt of surface wo rk is still
required. The Company has designed a second phase exploration campaign to follow up on the results
from the current program. The s econd phase is expected to start in May or June 2021 , dependent on
weather and other significant events. This campaign is fully paid for, and diamond drilling should follow
quickly hereafter. The second phase will further explore the relationship between completed geophysical
surveys and localization of shallow surface nickel mineralization. The next phase should help m odel
where thicker zones of nickel may occur.
Julie Nickel Metallurgical Update
The Company collected over 100 kg of material from Julie’s trench #1 to conduct a small bulk processing
program. Characterization and metallurgical testing were conducted, as well as tests with St-Georges’
developmental green nickel processing initiative.
Further optimization of the metallurgy for the material encounter will be underway in the coming weeks ,
with a primary focus on nickel and copper recovery with the addition of the optimization of the recovery
of the by-products identified, such as sulfur that may provide sul furic acid to third-party industrial
projects being developed on the Qu ébec North-Shore. The Company expects to present its findings in
this regard in the coming weeks to the Québec government’s Northern Plan Agency.
The metallurgical work is conducted with Co;alia at their installations under the super vision of St -
Georges’ VP of Exploration, Mr. Enr ico Di Cesare. A portion of the work completed falls within the
research initiative for which the Company received a governmental grant.
The data obtained comes from the bu lk samples chosen for their known cont ent in nickel and copper
within trench #1. It is too early in the project’s exploration and d evelopment to know if these results
could be considered representative of the project’s general metallurgy.
Below is Figure 2. This chart represents the characterization of one batch processed.
The ni ckel found in the histori cal and rece nt assays seems to be located almost exclusively in the
pentlandite found in the system. The recrystallized nature of the pentlandite on Julie seems to indicate an
easy crystal to recover with flotat ion, and the early microscopic eva luation indicates it shou ld not be
difficult to process the nickel out of it. This crystal chemistry is (NiFe)9S8. This type of nickel has the
ideal ratio of 1 to 1 for nickel to iron which helps reduce chemical costs lost to the iron. These formations
also contain cobalt that will be focused on in later stages. Ideal for battery grade nickel.
This type of nickel can also complement ferro nickel projects, including the BCM Foundry Project being
proposed on the North-Shore. Over the next few months, the Company will conduct trials for ferro alloys
and will optimize total recovery of experimentation.
The recrystallized copper-bearing chalcopyrite (CuFeS2) is expected to be a candidate for rec overy by
flotation, making it potentially an important cre dit to any proposed indus trial processing ope ration. St
George intends to evaluate different options to optimize the value of the copper units.
Below is Figure 3. This chart represents the elements in % identified in the same batch of material
processed.
The technical information in this release has been reviewed and approved by Mr. Herb Duerr, P. Ge o. St-
Georges' director, a qualified person as defined by National Instrument 43-101 Standards of Disclosure for
Mineral Projects.
ON BEHALF OF THE BOARD OF DIRECTORS
“Enrico Di Cesare”
ENRIO DI CESARE
VP Research & Development
About St-Georges
St-Georges is developi ng new t echnologies to solve s ome of the most common environmental pro blems in the
mining industry. The Company controls all the active mineral tenures in Iceland. It also explores for nick el & PGEs
on the Julie Nickel Project and the Manicou gan Palladium Project on t he Québec’s North Shore. Headquartered in
Montreal, St-Georges’ stock is listed on t he CSE under the symbol SX, on the US OTC under the Symbol SXOOF
and on the Frankfurt Stock Exchange under the symbol 85G1.
The Canadian Securitie s Exchange (CSE) has not r eviewed and does no t accept responsibility for the adequacy or
the accuracy of the contents of this release.