St. Jude releases latest Hwini-Butre drill results
St Jude Resources Ltd SJD
Shares issued 14,696,188 Mar 27 close $0.30
Wed 27 Mar 2002 News Release
Mr. Michael Terrell reports
ST. JUDE RESOURCES LTD.: HWINI-BUTRE CONCESSION UPDATE
St. Jude Resources has released results from its most recent drill program
on the Hwini-Butre concession in Ghana, West Africa.
Adoikrom
Hole Dip From-to Int Grade
(m) (m) (g/t Au)
**ADK-49 50E 37-42 5.0 1.65
**ADK-50 50E 72-74 2.0 3.32
**ADK-51 50E 53-63 10.0 4.71
**ADK-52 50E 44-67 23.0 6.6
**ADK-53 50E 27-37 10.0 4.9
**ADK-54 50E 9-17 8.0 6.36
**ADK-55 50E 77-95 18.0 3.11
**ADK-56 50E 63-81 18.0 6.91
**ADK-57 50E 78-92 14.0 11.29
**ADK-58 50E 88-96 8.0 11.42
**ADK-59 50E 9-19.7 10.7 5.81
**ADK-60 50E 45-57 12.0 32.08
Including 51-54 3.0 83.36
**ADK-61 90 0-22 22.0 3.62
**ADK-62 55E 18-32 14.0 49.98
Including 27-28 1 615.74
**ADK-63 55E 12-32 20.0 2.61
**ADK-64 55E 54-62 8.0 5.54
Father Brown
**FBZ-82 90 13-16 3.0 2.8
**FBZ-83 90 16-17 1.0 2.67
**FBZ-84 65E 2-11 9.0 3.82
" 66-71 5.0 7.01
**FBZ-85 65E 79-85 6.0 4.49
**FBZ-86 90 83-86 3.0 16.88
**FBZ-87 90 0-4 4.0 2.9
" 45-50 5.0 4.84
**FBZ-88 90 22-23 1.0 7.56
**FBZ-89 65E 39-41 2.0 3.15
**FBZ-90 70E 105-111 6.0 16.55
**FBZ-91 65E 73-77 4.0 4.72
Dabokrom
*DAK-94 90 10-13 3.0 5.89
*DAK-95 60E 0-8 8.0 3.67
" 30-32 2.0 3.79
" 66-69 3.0 3.11
*DAK-96 90 0-10 10.0 4.33
" 32-34 2.0 4.08
" 42-48 6.0 1.33
" 52-67 15.0 1.16
*DAK-97 90 0-6 6.0 2.27
" 40-48 8.0 1.3
" 53-54 1.0 3.95
*DAK-98 60E 24-26 2.0 6.54
" 55-64 9.0 2.28
" 71-77 6.0 3.09
*DAK-99 90 11-13 2.0 2.30
" 33-36 3.0 2.39
*DAK-100 55E 27-44 17.0 5.43
" 81-84 3.0 2.13
*DAK-101 55E 0-8 8.0 1.25
" 15-22 7.0 1.08
" 25-28 3.0 1.26
ABADA
*ABD-10 45E 41-43 2 1.90
*ABD-11 45E 6-8 2 1.62
" 43-44 1 1.13
*ABD-12 45E 55-69 14 2.32
*ABD-13 60W 7-31 24 1.81
*ABD-14 60W 31-33 2 3.16
" 53-69 16 1.37
* reverse circulation
** diamond drill
The majority of results reported are infill drilling based on
recommendations by the company's consultant, Watts Griffis and McOuat
(WGM). WGM is an independent geological and engineering firm based in
Toronto, Ont., with considerable experience in West Africa. WGM recently
prepared an independent resource estimate on the Adoikrom, Father Brown and
Dabokrom (the southern targets) in accordance with National Instrument
43-101. The purpose of the drilling at the southern targets was to upgrade
the quality of some of the resources from the inferred to the measured and
indicated category. It should be noted that the above results are uncut,
rendering some of the composite grades quite high. A statistical analysis
of these grades will be completed to determine if cutting will be required
to calculate the updated resource.
All drill results are being evaluated by the company's geological staff for
follow-up exploration. Assaying of drill samples was conducted and reported
by Transworld Laboratories (Australia) with checks by SGS Laboratories
(Belgium) and both from their facilities in Ghana.
The results set out above are consistent with, and in some cases, more
encouraging than previous drilling. These drill results will be plotted and
interpreted, in conjunction with the previous results, for the purpose of
arriving at an updated resource estimate.
The company is also encouraged by the results from the Abada target which
has yet to be considered as a resource. The above results will be
considered along with earlier drill results from this target and the
company expects to be in a position to complete a further phase of drilling
at the Abada target later this season.
St. Jude is the operator of this project and all drill results reported
have been verified and interpreted by the company's exploration manager,
George Flach, who is a qualified person pursuant to National Instrument
43-101.
The company is presently in the process of an extensive trenching and
drilling program on its South Benso project, which is directly north of and
adjacent to the Hwini-Butre project. The results from this program, as well
as those from the Hwini-Butre project, will be reported as they become
available.
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