Just to share with everyone the new treasure chest - SJD.v - St. Jude Resources.
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Wow! Those numbers look mighty good! Michael Terrell and Company may have
just found enough gold in Ghana to actually produce an "elephant".
(from SJD's thread post #513)
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The drill results just released today (see below) by St Jude on their
Adoikrom target area are absolutely fabulous. St Jude may have just found
the "motherlode" of all discoveries. There is just no way that the share
price can remain at these levels. These drill results are confirming the
continuity of grade to depth established by earlier trenching results
and is starting to confirm what the HRA reported earlier in one of their
news letters and that was that St Jude could have a gold potential of
3-million + oz in this target area alone. This would put St Jude stock at
$20+ based on its current capitalization and without allowing for any gold
in the other target areas. St Jude is sitting on a gold discovery of
unbelievable proportions. (From SJD's thread post #515)
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Hwini-Butre drilling results
St. Jude Resources Ltd SJD
Shares issued 10,914,188 Apr 21 close $4.79
Tue 22 Apr 97 News Release
Mr Michael Terrell reports
The company's diamond drill (core) drilling is under way on its Hwini-Butre
concession in Ghana, West Africa. The drilling has commenced on the
Adoikrom prospect and it is anticipated that approximately 3,000 metres of
drilling will be completed during this program.
Generally, drill results will be released when the exploration manager
reports on a series of intersections. These results, as a group, will be
plotted on sections in a "fence" format. This "fence" format will allow an
overall geological picture to be drawn of the Adoikrom prospect area.
However, in the preliminary stages of this drill program, the exploration
manager elected to more accurately determine the mineralization as defined
by the initial geochemical program. The intention was to test the
mineralization for quality and quantity at depth. As a result, an oblique
hole, designated DG1, was collared at approximately 2550E-392N, at 280
degrees azimuth and a 60 degree west dip. The geology of the Mpohor
Instrusive complex is complicated and deep weathering obliterates all
definable structure to significant depths. Hole DG1 was intended to
intercept the structure at an oblique/acute angle.
Results on the first 100 metres of this drill hole have been received and
evaluated by the St Jude field offices in Ghana. The results have been
reported as being immediately significant. The average grade over the first
100 metres has been reported to average 5.40 g/t Au. Contained within this
zone are some higher grade sections including 7.40 g/t Au over 34 metres
and 9.0 g/t Au over 19 metres. Hole DG1 detailed per metre assay results
using g/t Au are as follows:
DG1 6.29 DG18 9.23 DG35 8.78
DG2 5.58 DG19 9.23 DG36 2.75
DG3 5.81 DG20 19.40 DG37 6.64
DG4 2.98 DG21 8.58 DG38 6.59
DG5 3.34 DG22 3.72 DG39 3.72
DG6 4.86 DG23 12.20 DG40 30.80
DG7 1.78 DG24 0.84 DG41 7.17
DG8 4.68 DG25 1.25 DG42 5.70
DG9 1.38 DG26 3.51 DG43 2.56
DG10 4.95 DG27 3.23 DG44 4.10
DG11 2.37 DG28 2.08 DG45 3.68
DG12 1.48 DG29 3.29 DG46 4.53
DG13 2.67 DG30 12.40 DG47 8.80
DG14 7.30 DG31 12.40 DG48 1.34
DG15 9.90 DG32 12.40 DG49 0.84
DG16 9.23 DG33 4.05 DG50 0.68
DG17 9.23 DG34 1.98 DG51 0.14
DG52 0.66 DG69 13.20 DG85 2.44
DG53 1.10 DG70 3.90 DG86 0.88
DG54 0.40 DG71 13.50 DG87 0.40
DG55 2.24 DG72 15.70 DG88 3.87
DG56 4.20 DG73 7.80 DG89 12.60
DG57 4.78 DG74 1.20 DG90 2.68
DG58 0.94 DG75 3.18 DG91 0.65
DG59 0.81 DG76 9.58 DG92 12.70
DG60 0.91 DG77 8.57 DG93 0.47
DG61 6.43 DG78 11.70 DG94 0.30
DG62 17.10 DG79 9.68 DG95 1.61
DG63 2.35 DG80 0.50 DG96 4.10
DG64 9.92 DG81 0.24 DG97 0.90
DG65 8.72 DG82 0.30 DG98 1.10
DG66 9.04 DG83 0.20 DG99 0.20
DG67 8.80 DG84 0.32 DG100 2.65
In light of the fact that drill hole 1 intersected the core obliquely, it
is not suggested that the true width of the mineralization is in any way
proportionate to the length of the intersection. The width of the
mineralization will be determined by a further series of drill holes which
will attempt to intersect the mineralized zone in a perpendicular fashion.
The drill program continues and further results are expected in
approximately three weeks.
(c) Copyright 1997 Canjex Publishing Ltd. |
