St-Georges Eco-Mining completes drilling as St-Georges Eco-Mining stock stays halted

Published on 10/16/2026 at 00:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

St-Georges completed 780.70 metres of drilling. St-Georges Eco-Mining stock has assays due in November 2026 and 312,451,305 shares.

Drilling and filings shape SX

St-Georges completed eight holes totaling 780.70 metres on October 13, 2026.
The company reported 312,451,305 common shares on its investor page.
Assay results are expected in November 2026.

SX, CA85235Q1000, Illustration mit AI erstellt.

St-Georges Eco-Mining (ISIN CA85235Q1000) completed an eight-hole drilling program in Iceland on October 13, 2026, adding 780.70 metres of exploration work at the Thormódsdalur gold-silver project. The company said assay results are expected in November 2026, while trading on the Canadian Securities Exchange was still halted.

Eight holes advance Iceland project

According to Stockwatch, the program used diamond drilling and achieved core recovery at or close to 100 percent in most cases, compared with recoveries of 50 percent or less in earlier drilling. The improved recovery is intended to retain fine and fragmented vein material for laboratory analysis.

The project is held through Iceland Resources, a wholly owned subsidiary of St-Georges. Visual observations included quartz veins and hydrothermal breccias, but grades and economic viability depend on laboratory assays, according to the October 13 release.

What do the filings show?

The latest financial disclosure provides a sharper counterweight to the exploration update. Investing News reported that the three months ended June 30, 2026, produced a net loss of 681,444 and a comprehensive loss of 683,095.

Chronology places the filing picture in context. On September 30, 2026, the company filed fiscal 2026 results showing a net loss of 4,384,254, compared with 3,843,283 in the previous year. On October 8, 2026, it filed the June quarter with a net loss of 681,444. On October 13, 2026, it completed eight holes totaling 780.70 metres. The September filing also included a non-cash equipment impairment charge of 1,712,799, according to Investing News.

Which dates matter next?

Two dates frame the next steps: assay results are expected in November 2026, and the investor page lists October 26, 2026, as an expiry date for one option tranche. The company reports 312,451,305 common shares and identifies SX as its CSE symbol.

Exploration meets financial pressure

The drilling program supplies a measurable exploration milestone, while the June quarter loss and the unresolved trading halt keep financing and execution central to the investment case. The next material catalyst is the assay timetable rather than a reported grade.