St. Jude expands Goulagou

Vancouver — St. Jude Resources (SJD-V) has extended oxide gold mineralization on its Goulagou-Rounga project in Burkina Faso.

The 487-sq.-km property was previously worked by Channel Resources (CHU-V) in partnership with Placer Dome (PDG-T). In 1999 the partners estimated a resource of 774,700 oz. gold in the GG1, GG2, Rounga and Sobona North zones, based on 22,869 metres of drilling in 421 holes.

St. Jude, which has been working the project for two years, is doing infill and exploratory drilling in preparation for a new calculation, which will be compliant with National Instrument 43-101.

Drilling recently extended the boundaries of the GG2 oxide deposit downdip and along strike. The oxide-sulphide transition occurs at an average depth of 100 metres.

Highlights include:

– 2.75 grams gold per tonne over 36 metres in hole 169 (starting from a down-hole depth of 64 metres), including 8 metres of 8.2 grams;

– 16 metres grading 3.44 grams gold (starting at 113 metres); and

– 30 metres of 2.43 grams gold (starting at 111 metres).

The junior envisages the mine as an open pit, with ore subjected to heap leaching. Metallurgical testing indicate gold recoveries of 85%.