St. Jude Resources Ltd.

St. Jude Resources Ltd.

July 28, 2005 15:29 ET

St. Jude Exploration Update in Niger

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - July 28, 2005) - St. Jude Resources Ltd. (TSX VENTURE:SJD) is pleased to announce that it has completed the first phase of exploration on its wholly owned Deba concession in Niger, West Africa. At Deba, the initial exploration within the 742 sq. km. area has confirmed gold mineralization at five targets and has identified several additional targets for future drilling. Highlights from the first stage of drilling include 7.27 g/t over 7 meters, 1.40 g/t over 26 meters and 3.95 g/t over 6 meters. The Deba concession is strategically located adjacent to and south of the Samira Hill Mine, Niger's newest mine that poured their first gold bar in September 2004. Samira Hill is a 2 million ounce resource and its owners, Semafo and Etruscan, expect production to reach 120,000 oz. this year. The following is a summary of significant results from Deba to date:

Prospect Name Hole # Grade (g/t) Metres

- Deba DEB-001 7.04 1.0
DEB-009 3.95 6.0

- Sefa Kouro DEB-002 7.27 7.0
DEB-007 1.33 9.0
DEB-021 2.39 6.0

- Kokoloukou KOK-001 1.40 26.0
KOK-002 2.38 5.0
KOK-008 0.94 20.0

- Sefa Lame SLH-001 1.51 7.0

- Bose Kouro BKH-002 5.94 2.0

St. Jude considers each of the above, as well as numerous other prospects within the Deba concession to be highly prospective and worthy of further drilling. Additionally, the company holds a second concession adjacent and to the north of the Samira Hill Mine called Tialkam. Tialkam is a wholly owned concession covering 1100 sq. km. where preliminary exploration work is also progressing. Both permits are strategically located along a gold mineralization corridor that has been established over a length of 150 kilometres (see attached map). The Deba and Tialkam permits straddle over 90 kilometers of this corridor, which is believed to be the Northern extension of the main Ashanti trend, host to several multi-million ounce gold mines. This corridor was established by multi media geochemistry carried out from 1990 to 1999 by International Aid Agencies, Onarem, Anmercosa, Ashanti Gold, Barrick Gold, Imperial Metals and Pioneer Goldfields. Artisanal gold mining is predominant with over 50 sites, the most impressive of which is a vast open pit 60 meters deep.

The geology of the prospects visited to date is similar to that at the Samira/Libiri mines between St. Jude's two concessions. The large number of high priority prospects, the extensive artisanal mining and the encouraging drill results to date, leads the company to believe that there is excellent potential to discover additional economic gold deposits within the two St. Jude concessions.

St. Jude's exploration program is under the direct supervision of George A. Flach, B.Sc., P.Geo., who is the qualified person responsible for the compilation of these results, as well as the design and management of the drill program. Each sample was sent to the independent laboratory, Abilab Afrique de l'Ouest SARL, in Bamako, Mali. The assay method consisted of fire assays. An industry-standard system of quality assurance and quality control was employed, which used standards, blanks and check assays.

St. Jude is a leading West African explorer focused on the discovery and development gold deposits that are amenable to low cost mining techniques. The company's projects cover over 2,900 sq. km. or 716,605 acres of West Africa's most productive gold region. With a strong treasury, experienced exploration team, independently verified gold resources, and several advanced exploration targets, St. Jude is well positioned to continue its strong growth.



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Contact Information

  • St. Jude Resources Ltd.
    Todd McMurray
    Vice President, Corporate Development
    (604) 940-6565 or Toll Free: 1-866-281-2193
    (604) 940-6566 (FAX)