Tickers: XCNQ:SX, PINX:SXOOF
Tags: Mining
Montreal, Quebec / TheNewswire / October 26, 2017 - St-Georges Platinum & Base Metals Ltd. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) is pleased to report on the progress of its research initiative aimed at extracting lithium in sediments in collaboration with Iconic Minerals ltd (TSX-V:ICM).
The Company previously reported the receipt of the first series of sediment sample bags from the Iconic wholly owned Bonnie-Claire lithium project. Test protocols have been devised and the company has identified an independent laboratory that will confirm results on an on-going basis. Final independent review will be then done with a third party certified laboratory near the end of the year. This will be the last step needed before initiating the pilot-plant full scale testing phase planned for the first quarter of 2018.
St-Georges and Iconic are currently putting the final touches on the long form agreement that should govern their relationship in this endeavor. Shareholders of both companies should expect further announcements on that matter in November.
Characterization work for the lithium recovery is initiated. In November, bench testing trials should be run in multiple batches. Apart from the main goal to recover lithium from the clay, St-Georges' metallurgists will also test the material in relation with different potential contaminants that might or might not exist in the Bonnie-Claire project on a larger scale. Some of these tests will stimulate these types of materials by adding contaminants to the original material received.
The work that will occur before year end will indicate the path forward to pilot plant scalability trials and additional in depth testing works for next year to confirm and optimize the recovery steps.
St-Georges management is excited to move on to the bench testing work and economic recovery of lithium. Further updates on milestones and adjustments to the testing protocol will be communicated to the shareholders and stakeholders of the company on a regular basis for the duration of the trial period.
St George continues to move forward in becoming a partner to the mining and metallurgy industry with greener and environmentally safer processes for economic recovery of many strategic elements for future needs of the industry.
The Company is committed to delivering positive results on its different business initiatives and to keep its shareholders and stakeholders informed and up to date on any and all developments as early as results or progress can be disclosed.
ON BEHALF OF THE BOARD OF DIRECTORS
"Frank Dumas'
FRANK DUMAS, PRESIDENT & CEO
About St-Georges
St-Georges is developing new technologies to solve the biggest environmental problems in the mining industry. If these new technologies are successful, they should improve the financial bottom line of current mining producers. The potential success of these technologies would also involve upgrading certain current known metal resources to economic status while addressing the environmental and social acceptability issues.
The Company controls directly or indirectly all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec's North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi area. Headquartered in Montreal, St-Georges' stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. For additional information, please visit our website at www.stgeorgesplatinum.com
The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
Copyright (c) 2017 TheNewswire - All rights reserved.
