St. Genevieve Resources Ltd.
CNQ : SGVL

St. Genevieve Resources Ltd.

October 01, 2007 14:53 ET

St. Genevieve Resources Ltd.: 12.4% Copper Recovered From Channel Sampling on the Satellite Copper Project Yerington Nevada

MONTREAL, QUEBEC--(Marketwire - Oct. 1, 2007) - St. Genevieve Resources (CNQ:SGVL) announces the receipt of additional analytical results as part of the continuing program of assessing the Copper Hill mine prospect on the Satellite Copper Project in Yerington Nevada. Two of the 23 samples reported were greater than 12% Copper while 8 others were greater than 4.0% Copper. Copper values of 12.45% over 2 feet and 4.68% over 7 feet (CH-13 & CH-14) were returned from samples collected from the skarn alteration observed in and around stope openings and adits on the Copper Hill claim of the Satellite property which was mined at the turn of the 1900's.

Samples CH-12, CH-13 & CH-14 are contiguous over 11.0 feet and represent a weighted grade of 3.57% Cu, or 4.68% Cu over 7.0 ft.



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Sample Sample Sample Rock Cu Ag Ag
Number Weight (kg) Length (Ft) Type % ppm ppm
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CH-11 2.08 2.0 oxide 1.46 9.80
CH-12 3.02 4.0 mixed 1.62 14.70
CH-13 2.08 3.0 oxide 7.54 28.20
CH-14 1.38 4.0 oxide 2.53 6.50
CH-15 2.52 1.0 oxide 12.20 greater than 100 101
CH-16 2.48 4.0 oxide 4.89 69.20
CH-17 1.56 2.0 mixed 8.46 greater than 100 191
CH-18 2.00 2.0 mixed 12.45 greater than 100 155
CH-19 1.46 3.0 mixed 0.36 4.30
CH-20 1.48 3.0 mixed 11.25 53.00
CH-24 2.50 5.0 mixed 2.85 43.20

CH-21 3.04 5.0 oxide 0.09 1.90
CH-22 5.34 oxide 5.06 27.50
CH-23 1.78 oxide 11.70 22.30

NYD-1 1.98 3.0 oxide 8.28 4.50
NYD-2 5.56 5.0 oxide 1.63 2.50

B-1 2.32 4.0 oxide 2.19 0.20
B-2 1.02 oxide 0.02 0.20
B-3 2.98 4.0 oxide 0.69 1.20

J-1 2.32 4.0 oxide 2.79 1.50

CC-1 3.14 1.5 oxide 1.72 2.60

CG-1 3.36 7.0 oxide 1.58 1.60
CG-2 1.18 2.5 oxide 4.26 24.20
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Sample CH-22 is a sample collected from a pile of mineralized rock located next to a 100 foot shaft located on the recently mapped East Structure. This 5.3 Kg sample was the product of coning and quartering several times and it returned a grade of 5.06%. The East Structure is a gossan-skarn zone which has been mapped for a distance of +1000 feet along a north trending fault located along the eastern side of the Copper Hill claim. The results of additional samples from this zone are pending.

The results form the Copper Hill zone (prefixed CH in the table above) have an average weighted grade of 5.51 % Cu and 1.4 opt Ag over an average of 2.33 ft. This is consistent with the 5.3% Cu over the 2.77 ft previously reported on May28,2007 from samples collected in this zone.

The remaining 9 samples reported in the table above come from additional skarn zones exhibiting gossan alteration in limestone and calc-silicate rocks on 5 different claims on the Satellite property trending southward from the Copper Hill claim representing a distance of over 4000 feet.

As before with the previous results of sampling on the Copper Hill development the company is encouraged to see significantly elevated levels of Silver.

Analysis of samples was carried out by ASL Chemex of Vancouver using standardized sample preparation and sample digestion procedures with Atomic Absorption determinations. The information contained herein was prepared by consultants to the Company under the supervision of Howard Metzler RPG (Idaho). This press release has been reviewed by Denis Villeneuve, a director of the Company and a qualified person under National Instrument 43-101.

Prepared on behalf of the Board,

Bryan Wilson, President & CEO

FOR FURTHER INFORMATION, PLEASE VISIT OUR WEB SITE AT WWW.SGV.CA, E-MAIL YOU REQUEST TO INFO@SGV.CA OR CALL:

Shares issued and outstanding: 199,521,201

The CNQ Exchange has not reviewed the contents of this press release nor has it passed upon the merits of the information presented herein. Furthermore, the CNQ Exchange does not accept responsibility for the adequacy or accuracy of this release nor has it approved or disapproved the contents contained herein.

Contact Information

  • St. Genevieve Resources Ltd.
    Michel Cote
    514-866-6001 - Ext. 266
    514-866-6193