To: Tadsamillionaire who wrote (926 ) 5/26/1998 2:56:00 PM From: CHARLES W. FISHER Read Replies (1) | Respond to of 1121
FOR: ST. JUDE RESOURCES LTD. VSE SYMBOL: SJD MAY 26, 1998 St. Jude New Drilling Confirms Father Brown Zone VANCOUVER, BRITISH COLUMBIA--St. Jude Resources Ltd. is pleased to announce further diamond drill results from the Father Brown zone on the Hwini-Butre Concession in Ghana, West Africa. As announced in the Company's last news release, an exploratory hole in this area was drilled to the east at a dip of 45 degrees. This drill hole, now designated FBZ 1, intersected a promising 10.23 g/t Au over the first 24 meters. The zone between 18 to 24 meters averaged 38.08 g/t Au. Based on FBZ 1, the company drilled four new holes from the same drill setup to test the extent of high grade mineralization. All four new holes were drilled on an east-west plane in order to intersect the mineralized zone at successively greater depths from surface. In each case the drill core was split and one-half was sent to SGS Laboratories for preparation and testing. The results of all five holes in the Father Brown zone are set out below: /T/ Drill Hole Direction Dip Interval Assayed Results No. FBZ 1 East -45 degrees 18m - 24m 38.08 g/t Au / 6m FBZ 2 East -65 degrees 19m - 25m 24.14 g/t Au / 6m FBZ 3 Vertical -90 degrees 21m - 30m 4.05 g/t Au / 9m FBZ 4 West -75 degrees 30m - 44m 37.57 g/t Au / 14m Including 9 m 30m - 39m 57.45 g/t Au / 9m FBZ 5 West -65 degrees 44m - 58m 5.31 g/t Au / 14m /T/ SGS Laboratories conducted duplicate checks on all high grade assays. These samples were also shipped to Canada for assay verification by Chemex Laboratories in North Vancouver. Variations between assayed samples were found to be within a normally acceptable range. The company is confident that the grades of the intersections, as published above, are accurate and conservatively stated. /T/ By way of example, the 9 meter high grade section within FBZ-4 has been separately assayed by SGS and by Chemex. The results are as follows: SGS Chemex FBZ-4-31 3.10 5.71 FBZ-4-32 6.34 6.86 FBZ-4-33 .91 .71 FBZ-4-34 5.92 6.10 FBZ-4-35 .81 .72 FBZ-4-36 20.45 14.35 FBZ-4-37 94.47 153.20 FBZ-4-38 330.33 347.00 FBZ-4-39 54.90 56.07 -------- -------- Average 57.45 g/t Au 65.63 g/t Au over 9m over 9m /T/ The deposit contains exceptional quantities of visible gold. The presence of this visible gold is an invaluable asset in appreciating grades of this caliber. The company is in the process of planning new drill pads to trace the strike of the Father Brown zone both to the north and to the south. Construction of these new drill pads will commence shortly. A cross-section of the Father Brown zone, as illustrated by the five drill intersections, is attached to this release or can be obtained through the Internet at the www.cdn-news.com website. ST. JUDE RESOURCES LTD. PER: MICHAEL A. TERRELL, PRESIDENT