­ St-Georges Eco-Mining Corp. provided a status update on the Manicouagan Project located on the Québec North- Shore. Representative samples obtained from the approximately one metric ton bulk sample, collected in the fall of 2021, returned nickel grades between 2.36% and 2.92% and Palladium grades between 1.4 and 9.5 g/t. The Company is in the process of finalizing a report for its 2021 Manicouagan exploration activities.
Once the report is completed, the Company should be able to release additional results and additional comments. Assay results are considerably behind schedule and the report will necessarily have incomplete results for the drilling program. The Company is continuing with the logging of historic core recovered from the 2006-2008 drilling programs. This work will allow for constructing of a three-dimensional model based on surface and drilling results and preparing for the next phase of drilling later this year. The Company's exploration team collected approximately one metric ton of high-grade Ni-Cu-Co-PGE massive sulphide material from surface at the Bob Showing last fall. The showing is located near the center of the Manicouagan project area. The geologist team obtained this material from blasting and channel cuts to provide a metallurgical bulk sample. This bulk sample will test the recovery of nickel, copper, cobalt, platinum, palladium, rhodium, ruthenium, and iridium. Four representative samples weighing from 1.51 to 5.82 kg totaling 13.65 kg from the Bob Showing were collected. The four samples were inserted into identified plastic bags and sealed. The sample bags were
transported by helicopter first and then trucked to the facilities of Magnor Exploration Inc. in Ville de La Baie. The four bags were sent to the ALS Laboratories to determine an average grade for St-Georges incoming metallurgical tests. Results received from this work are included in Table 1 for PGEs and Table 2 for base metals. The material collected is a massive sulfide with +50% sulfide content. The balance of the bulk sample is
in airtight containers and stored in a safe place with a controlled oxygen and water atmosphere in order to avoid self-combustion of the ore rich in nickeliferous pyrrhotite. This material is waiting to be sent to St- Georges' contracted metallurgical facilities. The Company's geological contractors for the Manicouagan project have retrieved all available historic core from the project site and are moving it to a facility located in Ville de La Baie, Quebec. The historic core includes approximately 4,500 meters of the 4,727 meters program completed in 2007-08. This core is being relogged and samples collected where not previously sampled. Due to the limited sampling by past explorers coupled with the realization that platinum group elements (PGEs) may be more widely distributed than previously identified, the Company is selectively sampling additional portions of the historic core.