VANCOUVER, BRITISH COLUMBIA--St. Jude Resources Ltd. reports the following information relating to the Hwini-Butre mineral concession located in Ghana, West Africa.
All permits are in order and the company has stepped up exploration activity on the property. An independent geological firm has been retained to evaluate results in the south (the Adoikrom, Father Brown and the Dabokrom deposits) for advancement of that sector to the mining permit stage. The company has also embarked on a drill program in the northern areas of the property to assess already identified targets. These prospects include: the Breminsu target - where trench sampling averaged 2.91 g/t over 17 meters and 3 chip samples from quartz veins in a nearby shaft assayed out at 7.8 g/t Au, 688.0 g/t Au and 277.0 g/t Au; the Apatunso target - where trench sampling results include 2.5 g/t Au over 30 meters and 4.0 g/t Au over 16 meters; and the Abada target - where trenching results include 1.2 g/t Au over 32m, 2.3 g/t Au over 8m and 3.3 g/t Au over 34m.
As previously reported, in 1995 St. Jude Resources Ltd. acquired its interest in the Hwini-Butre project from Hwini-Butre Minerals Ltd. (``HBM''). A former license holder of the concession, B.D. Goldfields of Ghana (``BDG''), had launched a number of unsubstantiated legal claims in an attempt to attack the 1993 transfer through which HBM acquired the property. HBM has defended against those suits and, as a result, St. Jude is now pleased to report that all claims have either been dismissed or discontinued. At present, the only litigation regarding the property is an application by HBM itself for a declaration confirming the 1993 transfer and to ensure that BDG is barred from bringing any future vexatious claims to impede the development of the project.
St. Jude's primary focus remains in mineral exploration. Aside from the Hwini-Butre project, the company is continuing to advance the Benso property immediately to the north. Drill results are expected from the Benso shortly. The company also has non-resource investments and over $4 million in the treasury.
Further information and results will be reported as they become available.
ST. JUDE RESOURCES LTD.
Michael A. Terrell, President
Contact:
St. Jude Resources Ltd.
Michael A. Terrell President (604) 940-6565 (604) 940-6566VANCOUVER, BRITISH COLUMBIA--St. Jude Resources Ltd. reports the following information relating to the Hwini-Butre mineral concession located in Ghana, West Africa.
All permits are in order and the company has stepped up exploration activity on the property. An independent geological firm has been retained to evaluate results in the south (the Adoikrom, Father Brown and the Dabokrom deposits) for advancement of that sector to the mining permit stage. The company has also embarked on a drill program in the northern areas of the property to assess already identified targets. These prospects include: the Breminsu target - where trench sampling averaged 2.91 g/t over 17 meters and 3 chip samples from quartz veins in a nearby shaft assayed out at 7.8 g/t Au, 688.0 g/t Au and 277.0 g/t Au; the Apatunso target - where trench sampling results include 2.5 g/t Au over 30 meters and 4.0 g/t Au over 16 meters; and the Abada target - where trenching results include 1.2 g/t Au over 32m, 2.3 g/t Au over 8m and 3.3 g/t Au over 34m.
As previously reported, in 1995 St. Jude Resources Ltd. acquired its interest in the Hwini-Butre project from Hwini-Butre Minerals Ltd. (``HBM''). A former license holder of the concession, B.D. Goldfields of Ghana (``BDG''), had launched a number of unsubstantiated legal claims in an attempt to attack the 1993 transfer through which HBM acquired the property. HBM has defended against those suits and, as a result, St. Jude is now pleased to report that all claims have either been dismissed or discontinued. At present, the only litigation regarding the property is an application by HBM itself for a declaration confirming the 1993 transfer and to ensure that BDG is barred from bringing any future vexatious claims to impede the development of the project.
St. Jude's primary focus remains in mineral exploration. Aside from the Hwini-Butre project, the company is continuing to advance the Benso property immediately to the north. Drill results are expected from the Benso shortly. The company also has non-resource investments and over $4 million in the treasury.
Further information and results will be reported as they become available.
ST. JUDE RESOURCES LTD.
Michael A. Terrell, President
Contact:
St. Jude Resources Ltd.
Michael A. Terrell President (604) 940-6565 (604) 940-6566
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