St. Jude expands gold zone in Ghana

St. Jude Resources (SJD-V) has tabled encouraging drill results from the Hwini-Butre gold property in Ghana, West Africa.

The work focused on the Dabokrom Shaft zone, one of three structures that are related to a large shear system that strikes in a northeasterly direction and measures 1 km in length.

Results from the 12-hole program are as follows:

• hole 4 cut 10 metres averaging 3.03 grams gold per tonne, starting at a down-hole depth of 21 metres;
• hole 48 cut 11 metres of 4.31 grams starting at 68 metres down-hole;
• hole 52 cut 7 metres of 6.72 grams starting at 73 metres down-hole; and
• hole 53 cut 3 metres of 8.03 grams starting at 17 metres down-hole.

Eight holes exhibited multiple mineralized horizons. For example, hole 52 cut 5 metres of 13.59 grams gold starting from the surface, and this was followed by two 1-metre intercepts that assayed 1.06 and 2.24 grams gold starting at down-hole depths of 22 and 43 metres.

St. Jude has an option to earn a 65% interest in the project. Hwini-Butre Minerals, a local subsidiary of a European mining company, holds 25%, while the government of Ghana holds the remainder.