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Gold/Mining/Energy : St. Jude Resources......V.SJD -- Ignore unavailable to you. Want to Upgrade?

To: Edward M. Zettlemoyer who wrote (2940)	5/29/2001 11:37:20 PM
From: AH	Read Replies (1) \| Respond to of 3065

St. Jude resolves legal dispute over Hwini-Butre St. Jude Resources Ltd SJD Shares issued 14,696,188 May 28 close $0.34 Tue 29 May 2001 News Release Mr. Michael Terrell reports St. Jude Resources has released 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 grams per tonne over 17 metres and three 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 metres and 4.0 g/t Au over 16 metres; and the Abada target -- where trenching results include 1.2 g/t Au over 32 metres, 2.3 g/t Au over eight metres and 3.3 g/t Au over 34 metres. In 1995 St. Jude Resources acquired its interest in the Hwini-Butre project from Hwini-Butre Minerals Ltd. (HBM). A former licenceholder 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, 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. (c) Copyright 2001 Canjex Publishing Ltd. stockwatch.com