St. Eugene Mining's version of the drill results on Amisk, in which it is minority partner, is more revealing than claude resource's report of the same drill holes. why? St. Eugene CEO Jennifer Boyle is quotedas saying the drill holes help expand the resource directionally.
The quote:
Jennifer Boyle, President and CEO of St. Eugene commented, "The summer/fall drill program at the
Amisk Gold JV has expanded the limits of the deposit to the east and south-east, and will be key in assessing upgrades to the mineralization within the current resource model.”
ST. EUGENE ANNOUNCES DRILL RESULTS AT THE
AMISK GOLD PROJECT, SASKATCHEWAN
Toronto, Ontario. October 11, 2011: St. Eugene Mining Corporation Limited (SEM:TSXV) ("St.
Eugene" or the “Company”) announces new diamond drilling results at the Amisk Gold Joint Venture
Project (the “Amisk Gold JV”) in north-eastern Saskatchewan. Highlights from the program include:
? 1.88 grams of Au per tonne and 12.4 grams of Ag per tonne over 24.61 metres in
hole AL-11-301
? 0.51 grams of Au per tonne and 2.5 grams of Ag per tonne over 89.75 metres in
AL-11-306
Jennifer Boyle, President and CEO of St. Eugene commented, "The summer/fall drill program at the
Amisk Gold JV has expanded the limits of the deposit to the east and south-east, and will be key in assessing upgrades to the mineralization within the current resource model.”
To date, 18 holes totalling 5,500 metres have been drilled as part of the summer/fall program at the Amisk Gold JV. Assays have been returned for 14 of the holes, and the four holes that remain pending for assays were completed to evaluate the continuity of the system to depths in excess of 600 metres.
The program tested from surface to in excess of 250 metres depth and was designed to expand the limits of the Amisk Gold JV as well as infill within the northern and eastern portion of the deposit.
The Amisk Gold JV is a joint venture between Claude Resources Inc. (“Claude”) and St. Eugene. St.
Eugene holds a 35% participating interest in the Amisk Gold JV and Claude holds a 65% interest and is the operator of the joint venture.
Brian Skanderbeg, P.Geo., Vice President, Exploration, is the Qualified Person who has reviewed and approved the contents of this news release for and on behalf of Claude.
Tania Ilieva, P.Geo., Vice President, Exploration, is the Qualified Person who has reviewed and approved the contents of this news release for and on behalf of St. Eugene.
A location map of the Amisk Gold JV and a detailed plan map showing current drill results can be viewed at St. Eugene’s website www.steugenemining.ca. |
