St. Eugene Mining Corporation Ltd.
TSX VENTURE : SEM

St. Eugene Mining Corporation Ltd.

April 05, 2011 07:30 ET

St. Eugene Files Mineral Resource Evaluation Report for Amisk Gold Project

TORONTO, ONTARIO--(Marketwire - April 5, 2011) - St. Eugene Mining Corporation Limited (TSX VENTURE:SEM) ("St. Eugene") announces that it has filed with regulatory authorities the Mineral Resource Evaluation for the Amisk Gold Project in northeastern Saskatchewan, FlinFlon Greenstone Belt, as previously referenced in news releases dated February 14 and February 17, 2011, the highlights of which are as follows:

  • Indicated Mineral Resource of 921,000 Ounces at 0.95 g/tonne Au Eq; and
  • Inferred Mineral Resource of 645,000 Ounces at 0.70 g/tonne Au Eq

The Amisk Gold Project is a Joint Venture between Claude Resources Inc. and St. Eugene. St. Eugene holds a 35% participating interest in the Amisk Gold Project and Claude Resources holds a 65% interest and is the operator of the Joint Venture.

The Amisk Gold Project investigates a hybrid epithermal-volcanogenic system within the FlinFlon Greenstone Belt. This technical report documents the initial mineral resource statement prepared by SRK Consulting (Canada) Inc. for the Amisk Gold Project incorporating new and historical drilling information.

The effective date of this technical report is April 4, 2011.

Tania Ilieva, P.Geo., 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.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of St. Eugene contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause St. Eugene's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding St. Eugene's expectations regarding ownership, entitlements, drilling and exploration activities on properties in which St. Eugene has, or believes it has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from St. Eugene's expectations. St. Eugene undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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