St-Georges Platinum & Base Metals Ltd. (CNSX:SX) announced that it has entered into a binding agreement to acquire two projects in the Zambia-based Kasempa and Mwinilunga districts. One is an iron ore-copper-gold-nickel project and the other is a copper-cobalt project.
As quoted in the press release:
The Shongwa IOCG & Nickel project is located in Northwestern Zambia. The project area lies approximately 60km northwest of the town of Kasempa in northwest Zambia. The area is poorly developed with only minor trails away from the gravel Kasempa-Kaoma road link. The area consists of forested and relatively flat covered plains with some rolling hills and some permanent watercourses. Minor areas of habitation and subsistence farming exist to the south of Shongwa.
The Mwinilunga Copper-Cobalt Project (8588-HQ-SML) is located in the Mwinilunga District of Zambia. The region is located in the far north west of Zambia close to the Angola and DRC borders. The area is located approximately 250 km south west of Solwezi (DRC) near Mwinilunga in the North Western District. The project is in the vicinity of CopperZone and Vale Inco’s Luamata Joint-Venture Project (8684-HP-LPL).