St. Eugene Mining Corporation Limited (TSX VENTURE:SEM) has announced gold and silver assay results from the fall 2010 drilling program at the Amisk Gold Project, Saskatchewan.
Claude Resources Inc. ("Claude" or the "Operator") has provided the Company with the following results:
- AL10-291 166.0 metres averaging 1.23 g/t gold and 5.9 g/t silver, incl.
33.0 metres averaging 3.89 g/t gold and 16.2 g/t silver;
- AL10-285 105.0 metres averaging 0.84 g/t gold and 4.3 g/t silver and
- AL10-287 116.37 metres averaging 0.86 g/t gold and 6.0 g/t silver.
Jennifer Boyle, Chief Executive Officer of St. Eugene, states "The mineralized footprint at Amisk continues to grow and these latest results not only confirm widespread presence of gold and silver mineralization, it has also expanded the previously interpreted footprint of the mineralization to the north, southwest and at depth where it is interpreted to remain open, offering an excellent exploration target for future drilling."
The Amisk Gold Project is located approximately 20 kilometres southwest of Flin Flon Manitoba in the prolific Flin Flon Greenstone Belt. Originally explored for narrow vein, high grade gold and silver potential, the Project has evolved as a large tonnage, low grade target due to the identification of widespread gold and silver over significant core lengths.
These results, combined with the results from the 11 holes previously drilled in 2010 and the sampling program reported December 16, 2010, suggest that low grade, bulk mining potential may be viable at Amisk.
Claude has indicated that an initial resource estimate, prepared by SRK Consulting, will be available during the first quarter of 2011. The estimate will include all results collected to date.
The joint venture partners plan to complete an additional 3,500 metres of drilling during the winter season, targeting further depth extension of the mineral system as well as tracing the mineralization to the north and southwest.
Claude holds a 65% interest and is the operator of the Amisk Gold Project.
Claude also holds approximately 10% of St. Eugene's issued and outstanding common shares.
Wes Hanson, P.Geo., Chairman of St. Eugene, is the Qualified Person who has reviewed and approved the contents of this news release for and on behalf of St. Eugene. Brian Skanderbeg, P.Geo. and M.Sc., Claude's Vice-President Exploration, is the Qualified Person who has reviewed and approved the contents of this news release for and on behalf of Claude. Drill core was halved with samples averaging 2.0 metres submitted to ALS Chemex in Vancouver, an ISO approved facility. Rigorous quality assurance and quality control procedures have been implemented including the use of blanks, standards and duplicates. Core samples were analyzed by a 30 gram gold fire assay with an atomic absorption, conventional gravimetric and/or screen fire techniques.
Source: St. Eugene Mining Corporation Limited