St-Georges Eco-Mining Corp. has commenced a diamond drilling program at the Thormodsdalur gold project in Iceland.

Finland-based Arctic Drilling Company Oy Ltd is carrying out the program under an arrangement with Aurania Resources Ltd., which is advancing the project pursuant to a definitive option agreement entered into with St-Georges and its wholly owned Icelandic subsidiary, Iceland Resources ehf, in April 2026.

The campaign comprises six holes totaling approximately 770 metres and takes about one month. Once finished, drill-core samples will be submitted for assay.

The program involves five twin holes designed to re-test historical intercepts using modern sampling and quality control procedures. A sixth hole will test a new target associated with surface rock-chip boulder samples.

St-Georges previously acquired Melmi ehf in 2020 and completed eleven diamond drill holes totaling approximately 1,780 metres at the project.

“(…)The commencement of this drilling program represents an important milestone for Thormodsdalur and for Iceland Resources. Our team has worked over many years to consolidate the Project, preserve its extensive historical information and advance the geological understanding of this remarkable gold system.(…)”

— Þórdís Björk Sigurbjörnsdóttir, Chief Executive Officer of Iceland Resources

Drill-core samples from the six-hole program will be sent for laboratory assay following completion of the work.

Read the full announcement: St-Georges Announces Commencement of Drilling at the Thormodsdalur Gold Project in Iceland