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St. Eugene Mining Corp. (TSX-V: SEM) CA;SEM on AlphaTrade tickersCLICK HERE for a direct link to St. Eugene Mining's Press Releases page.
The Saint Eugene Story
- St. Eugene Mining Corporation Ltd. was incorporated in 1939 and
was in good standing for over 65 years without a share consolidation or name
change. While it was a reporting issuer, it was never listed on a stock
exchange. In December 2005, it became a publicly traded company with the
completion of an Initial Public Offering.
- The Company was a subsidiary of Falconbridge Ltd. until 2001 when
Falconbridge sold its interest to present Management.
- The Company controls a large segment of the St. Eugene mining
camp (79 crown granted mineral claims) centered on the town of Moyie in
southeastern British Columbia and surrounding the main past producer, the St.
Eugene mine. With the addition of subsequently staked claims, the Company owns
an 11-kilometre section of this favorable structure from which there has been
near surface past production.
- The St. Eugene mine was owned and operated by The Consolidated
Mining and Smelting Company of Canada Limited (subsequently Cominco Ltd.) and
was one of the premier silver/lead producers in Canada until its closed in 1911.
- The principal ore bodies of the camp are aligned in a
north-westerly direction associated with the St. Eugene fault (break
structure),or possible parallel structures.
- The St. Eugene ore deposits exhibit many characteristics similar
to the silver rich veins of the Coeur d’Alene district and are perhaps similar
in origin.
- Management has outlined an ore control model, which could account
for the location of the St. Eugene mine ore bodies and provide a guide to other
possible deposits on the Company’s ground.
- An exploration program commenced in 2006 outlined six
high-priority zinc/silver/lead targets. Four of these are adjacent to the
earlier St. Eugene mine workings at Moyie and two are on the nearby Munroe Lake
property. Two of these were drilled tested during fall 2006 with positive
results.
- During April through July 2007, a further 3,385 metres of diamond
drilling was completed on the four St. Eugene targets areas. Further encouraging
results were realized from drilling on two of these, the North Break and Society
Girl, while further drill testing is required on the remaining two.
- Assays received to date are reported in our June 21 and July 30
news releases. Additional assays will be reported as they become available.
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Top 10 Mining Stocks.com ( Top Mining Stocks, LLC) does not accept responsibility for the adequacy or accuracy of this information. |
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Why Invest with St Eugene Mining?
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St. Eugene’s properties are located 20
kilometres south of Cranbrook, B.C. in an historic mining district stretching
from Idaho’s Coeur d’Alene silver/lead camp to B.C.’s 150-million ton Sullivan
mine. |
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Ore has continuously been produced in this
area for over 120 years, and from 1900 -11, the St. Eugene Mine produced 1.4
million tons grading 5% zinc, 15% lead and 7 opt silver from three main ore
shoots – Lakeshore, Moyie and St. Eugene. |
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We control an 8 kilometres section of the
St. Eugene mining camp (79 crown granted claims); this mine was previously
operated by Cominco and was one of the premier silver/lead producers in
Canada. |
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Armed with a new ore control model and
exploration techniques, our 2006 exploration program identified six
high-priority zinc/silver/lead targets at the Moyie Project, which have been
further explored this year. |
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2007 exploration included 3,385 metres of
drilling to test four targets – Society Girl, North Break, John D. and Aurora,
which could account for the location of possible ore bodies which appear to be
aligned in a north-westerly direction, associated with the St. Eugene
fault. |
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Majority of drilling intersected high-grade
zinc/silver/lead mineralization, in a geological environment which is similar in
structure, grade and tenure to the ore shoots of the former producing St. Eugene
Mine, one kilometre to the west. |
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Additional exploration and drilling is
warranted and financing will be required. |
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Senior management has extensive experience
in the exploration and development of precious metals properties. Its aim is to
seek out projects, which provide quick cash flow and a generous net return on
investment. |
The investment community believes in and supports the Company's
efforts and plans. In addition, most shareholders are long-term holders of St.
Eugene stock. If you need more information prior to making a decision to invest
with us, we welcome any enquiries. You may call or email any one of the
following people:
Rolly
Trenaman, President
604-669-5775
tms1@telus.net
Kirsti
E. Mattson, Corporate Communications
604-657-4485
kusickmattson@yahoo.ca
If you buy this stock or call the company, please tell St Eugene Mining that you saw them on Top10MiningStocks.com - Thank you
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