TSX VENTURE SEM
VANCOUVER, Oct. 22 /CNW/ - (TSX.V: SEM) Rolly Trenaman, President
announced today that the Company has resumed drilling on the Society Girl
target at its Moyie zinc/silver/lead project located 20 kms south of
Cranbrook, BC. Plans call for an additional 850 metres of diamond drilling in
The Moyie Project consists of a large land package in southeastern
British Columbia which is being explored for Coeur d'Alene-style mineral
deposits. Exploration of a portion of the property in 2006 identified
six targets which warranted drilling. Three of these targets fall along the
trend of the St. Eugene break, the structure which hosted the former
TeckCominco's St. Eugene mine. The North Zone, one of the targets,
approximately one kilometre north and parallel to the St. Eugene structure,
was confirmed by drilling this spring. Confirmation of this parallel structure
opens up the potential to double the number of targets for zinc/silver/lead
deposits on the property.
In addition to the positive results obtained on the North Zone, drilling
on two of the targets --Vent and Society Girl -- has yielded sufficient
evidence to suggest underground development should be the next logical step to
establishing mineral resources. Further drilling is recommended on the North
Zone, Aurora and John D targets, and the View target is still to be drilled.
Results to date confirm the geological model being employed, which objective
is the identification of a number of plus one million ton deposits.
The current drilling on the Society Girl will add to the information base
and will assist in the decision making process regarding underground
The Moyie Project is located in an historic metal mining district, which
stretches from Idaho's Coeur d'Alene silver/lead mining camp, one of the
world's largest, to BC's 150-million-ton Sullivan zinc/silver/lead mine.
Zinc/silver/lead ores have been continuously produced from this area for more
than 110 years. From 1900-1911, the St. Eugene Mine reportedly produced
approximately 1.4 million tons of ore grading 5% zinc, 15% lead and 7opt
silver from three main ore shoots - Lakeshore, Moyie and St. Eugene.
For further details on the Company, please refer to the Company's website
www.steugenemining.ca, and its Canadian regulatory filings on SEDAR at
On Behalf of the Board of Directors of
ST. EUGENE MINING CORPORATION LIMITED
"R. T. Trenaman"
President and CEO
Technical information in this news release has been prepared in
accordance with Canadian regulatory requirements set out in National
Instrument 43-101 and reviewed by Roland T. Trenaman, P.Eng., a Qualified
Person. This news release was prepared by Management, which takes full
responsibility for content. The TSX Venture has not reviewed and does not
accept responsibility for the adequacy or accuracy of this release.
Forward-looking statements in this release are made pursuant to the "safe
harbor" provisions of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements involve known and unknown risks and uncertainties
that may cause the Company's actual future-period results to differ materially
For further information:
For further information: R. T. Trenaman, at (604) 669-5775, Email:
firstname.lastname@example.org; Kirsti Mattson, at (604) 202-2484, Email:
email@example.com -- media