St-Georges Eco-Mining reported bonanza gold grades from exploration at its Elbow Creek project in Iceland. Following the acquisition of surface and mineral rights from a private landowner, prospecting at the low sulfidation epithermal Elbow Creek project resulted in multiple samples assaying between 0.1 to 137g/t Au and 0.1 to 1,515 g/t Ag in float and subcrops. Individual zones of mineralization have been mapped intermittently over 800 and 1,700m in length and 1 to 6m in width.
Following the discovery of high-grade gold at Elbow Creek in addition to the known gold occurrences at the Thor gold project, the company is now planning to spin out its Icelandic gold projects into a separate entity.
“Sample AB00020 assays 137.5 g/t gold, 1515 g/t silver. Field of view = 12 cm” (Source: www.stgeorgesecomining.com)
