Welcome!

News Feed Item

Claude Provides 2013 Underground Drilling Results from the Seabee Gold Operation

Trading Symbols: TSX: CRJ; OTCQB: CLGRF

SASKATOON, April 21, 2014 /PRNewswire/ - Claude Resources Inc. ("Claude" and or the "Company") today provided an update from its 2013 underground drilling program at the Seabee Gold Operation. The underground drilling program drilled approximately 50,000 metres in an on-going effort to expand and better define the Seabee Gold Operation's current resource.

Highlights include (cut grade over true widths):

Seabee Mine:

  • Hole: U13-061: 13.16 g/t over 4.7 metres;
  • Hole: U13-066: 8.27 g/t over 7.8 metres;
  • Hole: U13-075: 12.23 g/t over 10.7 metres;
  • Hole: U13-076: 22.62 g/t over 6.1 metres;
  • Hole: U13-077: 23.58 g/t over 4.8 metres;
  • Hole: U13-087: 31.32 g/t over 2.5 metres;
  • Hole: U13-089: 49.02 g/t over 2.0 metres; and
  • Hole: U13-321: 31.54 g/t over 5.2 metres.

Santoy Mining Complex (Santoy 8 Mine and Santoy Gap Deposit):

  • Hole: SUG-13-905A: 13.28 g/t over 3.5 metres;
  • Hole: SUG-13-301: 17.32 g/t over 4.0 metres;
  • Hole: SUG-13-320: 9.64 g/t over 4.4 metres;
  • Hole: SUG-13-335: 10.34 g/t over 6.5 metres;
  • Hole: SUG-13-347: 13.90 g/t over 5.7 metres; and
  • Hole: SUG-13-355: 6.09 g/t over 8.5 metres.

Brian Skanderbeg, Senior Vice President and COO stated, "We continue to have great success in our on-going underground drill program at the Seabee Gold Operation. These results not only indicate the potential to mine higher grade tonnes but also demonstrate the opportunity and the long term viability that exists within and outside our current resources. Additionally, these results are located near current mining activities and require minimal capital and time to be included in the Company's life of mine."

In 2014, drilling at the Seabee Gold Operation will be focused on targets proximal to infrastructure with the potential to materially impact near-term production and to positively impact the Company's Mineral Reserves and Mineral Resources.  Underground drilling at the Seabee Gold Operation is anticipated to consist of 18,000 metres at the Seabee Mine and 34,000 metres at the Santoy Mining Complex. Specifically at Santoy Gap, the Company currently has two underground drill rigs that are active and are targeting to drill 27,000 metres in 2014. The Santoy Gap is expected to produce initial development ore during the second quarter and production ore in the fourth quarter. Completion of the Santoy Gap fresh-air vent raise, a key milestone to initiating production, is planned during the second quarter of 2014.

Table 1: Highlights from the 2013 Underground Drilling Program

HOLE # ZONE INTERSECTION MIDPOINT COORDINATES GRADE
g/T (uncut)
GRADE
g/T (cut)
TRUE
WIDTH
NAME
(Target)
FROM TO NORTH EAST ELEV.
SUG-13-905A 8a 122.5 126.5 5021.1 4623.3 -271.4 13.28 13.28 3.5
SUG-13-912 8a 226.5 230.3 5086.7 4674.3 -378.9 10.90 10.90 2.1
SUG-13-921 8a 252.1 270.7 5104.9 4731.3 -387.9 3.97 3.97 8.5
SUG-13-922 8a 259.7 284.6 5093.8 4774.7 -370.7 20.00 7.75 2.7
SUG-13-301 GAP 91.0 96.5 4895.3 4149.0 -275.8 18.46 17.32 4.0
SUG-13-315 GAP 119.0 120.8 4852.2 4147.0 -223.8 18.49 18.49 1.2
SUG-13-320 GAP 158.6 167.4 4862.5 4077.4 -251.5 9.64 9.64 4.4
SUG-13-322 GAP 159.6 165.7 4871.8 4073.4 -263.6 13.55 13.55 2.9
SUG-13-328 GAP 151.2 156.7 4861.0 4089.8 -247.2 9.27 9.27 2.9
SUG-13-329 GAP 112.1 114.8 4888.7 4129.5 -275.8 10.88 10.88 1.9
SUG-13-332 GAP 101.0 104.3 4886.5 4140.6 -260.3 27.71 16.72 2.3
SUG-13-335 GAP 81.6 89.5 4890.8 4166.0 -261.8 10.34 10.34 6.5
SUG-13-337 GAP 153.9 158.2 4868.1 4083.2 -259.1 18.84 13.07 2.2
SUG-13-340 GAP 161.2 168.3 4891.1 4068.3 -291.1 15.19 10.69 3.5
SUG-13-343 GAP 126.9 131.3 4890.2 4108.9 -280.7 9.63 9.63 2.7
SUG-13-345 GAP 99.7 102.8 4865.1 4176.1 -221.5 10.45 10.45 2.1
SUG-13-347 GAP 71.6 78.0 4892.7 4185.3 -256.1 16.02 13.90 5.7
SUG-13-353 GAP 174.5 178.5 4072.3 4928.0 -343.6 12.43 12.43 1.8
SUG-13-355 GAP 78.0 88.4 4878.0 4203.5 -236.8 6.09 6.09 8.5
SUG-13-366 GAP 180.3 189.0 4984.9 4123.7 -397.1 7.66 7.66 3.7
U13-015 2c 294.6 305.0 1138.0 1514.0 -895.0 7.94 7.94 4.2
U13-017 2c 197.4 203.0 1132.3 1603.3 -667.1 11.76 11.76 4.3
U13-027 2c 201.6 206.4 1187.6 873.7 -801.5 8.25 8.25 3.2
U13-028 2c 215.7 219.4 1186.8 873.2 -819.4 14.92 12.48 2.3
U13-046 2c 194.1 197.2 1188.3 878.2 -787.8 9.74 9.74 2.1
U13-051 2c 222.4 228.1 1186.3 883.6 -825.0 9.20 9.20 3.9
U13-057 2c 341.2 346.8 1163.0 889.5 -966.7 17.33 9.65 2.1
U13-608 2c 259.3 261.6 1158.3 1006.2 -784.2 21.63 21.63 1.5
U13-609 2c 288.7 290.6 1154.8 1007.1 -821.5 38.15 38.15 1.2
U13-610 2c 310.1 314.5 1152.0 1007.0 -849.2 9.69 9.69 2.5
U13-612 2c 203.5 208.5 1178.5 987.2 -677.6 9.62 9.62 4.3
U13-613 2c 222.0 224.7 1178.3 979.1 -711.3 8.75 8.75 2.2
U13-614 2c 232.8 237.2 1167.9 986.1 -741.7 6.66 6.30 3.1
U13-626 2b 294.0 297.1 1152.4 1015.1 -829.7 46.60 16.61 2.0
U13-060 L62 85.5 98.2 944.4 1057.9 -390.4 3.10 3.10 6.8
U13-061 L62 81.3 88.8 940.4 1057.9 -376.1 13.96 13.16 4.7
U13-062 L62 91.4 98.3 927.4 1072.5 -367.2 30.57 11.58 4.4
U13-063 L62 87.2 90.6 926.0 1071.1 -349.7 13.04 13.04 2.4
U13-064 L62 98.2 107.8 934.5 1070.8 -392.1 8.26 6.58 5.2
U13-066 L62 90.8 107.3 947.3 1055.0 -403.0 13.13 8.27 7.8
U13-071 L62 134.2 137.0 917.0 1105.5 -395.0 7.98 7.98 1.7
U13-072 L62 139.5 144.6 913.5 1118.8 -399.3 13.69 12.43 2.8
U13-075 L62 75.1 93.4 944.6 1049.9 -381.6 28.07 12.23 10.7
U13-076 L62 52.7 60.2 950.7 1036.9 -341.1 27.05 22.62 6.1
U13-077 L62 56.7 63.5 956.2 1037.2 -359.8 39.24 23.58 4.8
U13-080 L62 77.4 86.9 952.1 1048.4 -386.0 15.04 11.50 4.5
U13-081 L62 41.1 46.7 964.7 1026.5 -339.8 8.94 6.80 4.9
U13-087 L62 61.5 64.4 950.9 1033.7 -291.0 35.79 31.32 2.5
U13-088 L62 58.1 64.0 944.5 1035.3 -312.9 12.05 12.05 5.3
U13-089 L62 67.0 69.4 943.3 1045.7 -295.7 82.86 49.02 2.0
U13-092 L62 82.3 84.9 934.8 1063.5 -286.0 120.27 33.69 1.8
U13-093 L62 81.8 83.8 930.1 1067.8 -303.8 25.56 24.94 1.4
U13-312 L62 65.9 69.7 929.3 1097.8 -521.9 8.59 8.59 3.8
U13-316 L62 72.4 75.8 948.3 1065.3 -519.8 10.22 10.22 3.0
U13-321 L62 93.4 101.8 966.4 1044.0 -472.7 65.88 31.54 5.2

To view longitudinal sections and plan maps of the Seabee Gold Mine and the Santoy Mine Complex please go to www.clauderesources.com.

In addition, the Company also announces that Peter Longo, Vice President of Mining Operations, has left the Company to pursue other interests. Mr. Longo's responsibilities will be assumed by Brian Skanderbeg, Senior Vice President and Chief Operating Officer. The Company thanks Mr. Longo for his efforts and contributions and wishes him the best in his future endeavours.

Samples were assayed by Claude's onsite non-accredited assay lab at the Seabee Gold Operation. Duplicate check assays were conducted at site as well as at TSL Laboratories in Saskatoon. Results of the spot checks were consistent with those reported. Sampling interval was established by minimum or maximum sampling lengths and geological and/or structural criteria.  200 gram samples were pulverized until greater than 80 percent passes through 150 mesh screen. 30 gram pulp samples were then analyzed for gold by fire assay with gravimetric finish (0.01 grams per tonne detection limit). Brian Skanderbeg, P.Geo., Senior Vice President and COO, Qualified Person, has reviewed the contents of this news release for accuracy.

Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX: CRJ) and the OTCQB (OTCQB: CLGRF). Claude is a gold exploration and mining company with an asset base located entirely in Canada. Since 1991, Claude has produced over 1,000,000 ounces of gold from its Seabee Gold Operation in northeastern Saskatchewan. The Company also owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

All statements, other than statements of historical fact, contained or incorporated by reference in this news release and  constitute "forward-looking information" within the meaning of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements").  Forward-looking statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production, capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines, currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage.  Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" or the negative connotation thereof.

All forward-looking statements are based on various assumptions, including, without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour, and that the political environment within Canada will continue to support the development of mining projects in Canada.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Claude to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: actual results of current exploration activities; environmental risks; future prices of gold; possible variations in ore reserves, grade or recovery rates; mine development and operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining government approvals or financing or in the completion of development or construction activities; and other risks and uncertainties, including but not limited to those discussed in the section entitled "Business Risk" in the Company's Annual Information Form.  These risks and uncertainties are not, and should not be construed as being, exhaustive.

Although Claude has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.  Accordingly, readers should not place undue reliance on forward-looking statements.

Forward-looking statements in this news release are made as of the date of this news release and accordingly, are subject to change after such date.  Except as otherwise indicated by Claude, these statements do not reflect the potential impact of any non-recurring or other special items that may occur after the date hereof.  Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of our operating environment.

Claude does not undertake to update any forward-looking statements that are incorporated by reference herein, except in accordance with applicable securities laws.

 

SOURCE Claude Resources Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
SYS-CON Events announced today that SIGMA Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. uLaser flow inspection device from the Japanese top share to Global Standard! Then, make the best use of data to flip to next page. For more information, visit http://www.sigma-k.co.jp/en/.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...
There is huge complexity in implementing a successful digital business that requires efficient on-premise and cloud back-end infrastructure, IT and Internet of Things (IoT) data, analytics, Machine Learning, Artificial Intelligence (AI) and Digital Applications. In the data center alone, there are physical and virtual infrastructures, multiple operating systems, multiple applications and new and emerging business and technological paradigms such as cloud computing and XaaS. And then there are pe...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, will discuss how data centers of the future will be managed, how th...
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Most of the time there is a lot of work involved to move to the cloud, and most of that isn't really related to AWS or Azure or Google Cloud. Before we talk about public cloud vendors and DevOps tools, there are usually several technical and non-technical challenges that are connected to it and that every company needs to solve to move to the cloud. In his session at 21st Cloud Expo, Stefano Bellasio, CEO and founder of Cloud Academy Inc., will discuss what the tools, disciplines, and cultural...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
With the rise of DevOps, containers are at the brink of becoming a pervasive technology in Enterprise IT to accelerate application delivery for the business. When it comes to adopting containers in the enterprise, security is the highest adoption barrier. Is your organization ready to address the security risks with containers for your DevOps environment? In his session at @DevOpsSummit at 21st Cloud Expo, Chris Van Tuin, Chief Technologist, NA West at Red Hat, will discuss: The top security r...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...