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
When applications are hosted on servers, they produce immense quantities of logging data. Quality engineers should verify that apps are producing log data that is existent, correct, consumable, and complete. Otherwise, apps in production are not easily monitored, have issues that are difficult to detect, and cannot be corrected quickly. Tom Chavez presents the four steps that quality engineers should include in every test plan for apps that produce log output or other machine data. Learn the ste...
The deluge of IoT sensor data collected from connected devices and the powerful AI required to make that data actionable are giving rise to a hybrid ecosystem in which cloud, on-prem and edge processes become interweaved. Attendees will learn how emerging composable infrastructure solutions deliver the adaptive architecture needed to manage this new data reality. Machine learning algorithms can better anticipate data storms and automate resources to support surges, including fully scalable GPU-c...
A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to great conferences, helping you discover new conferences and increase your return on investment.
Poor data quality and analytics drive down business value. In fact, Gartner estimated that the average financial impact of poor data quality on organizations is $9.7 million per year. But bad data is much more than a cost center. By eroding trust in information, analytics and the business decisions based on these, it is a serious impediment to digital transformation.
Containers and Kubernetes allow for code portability across on-premise VMs, bare metal, or multiple cloud provider environments. Yet, despite this portability promise, developers may include configuration and application definitions that constrain or even eliminate application portability. In this session we'll describe best practices for "configuration as code" in a Kubernetes environment. We will demonstrate how a properly constructed containerized app can be deployed to both Amazon and Azure ...
Everyone wants the rainbow - reduced IT costs, scalability, continuity, flexibility, manageability, and innovation. But in order to get to that collaboration rainbow, you need the cloud! In this presentation, we'll cover three areas: First - the rainbow of benefits from cloud collaboration. There are many different reasons why more and more companies and institutions are moving to the cloud. Benefits include: cost savings (reducing on-prem infrastructure, reducing data center foot print, redu...
SYS-CON Events announced today that Silicon India has been named “Media 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. Published in Silicon Valley, Silicon India magazine is the premiere platform for CIOs to discuss their innovative enterprise solutions and allows IT vendors to learn about new solutions that can help grow their business.
You want to start your DevOps journey but where do you begin? Do you say DevOps loudly 5 times while looking in the mirror and it suddenly appears? Do you hire someone? Do you upskill your existing team? Here are some tips to help support your DevOps transformation. Conor Delanbanque has been involved with building & scaling teams in the DevOps space globally. He is the Head of DevOps Practice at MThree Consulting, a global technology consultancy. Conor founded the Future of DevOps Thought Leade...
We are seeing a major migration of enterprises applications to the cloud. As cloud and business use of real time applications accelerate, legacy networks are no longer able to architecturally support cloud adoption and deliver the performance and security required by highly distributed enterprises. These outdated solutions have become more costly and complicated to implement, install, manage, and maintain.SD-WAN offers unlimited capabilities for accessing the benefits of the cloud and Internet. ...
SYS-CON Events announced today that CrowdReviews.com has been named “Media Sponsor” of SYS-CON's 22nd International Cloud Expo, which will take place on June 5–7, 2018, at the Javits Center in New York City, NY. CrowdReviews.com is a transparent online platform for determining which products and services are the best based on the opinion of the crowd. The crowd consists of Internet users that have experienced products and services first-hand and have an interest in letting other potential buye...
Founded in 2000, Chetu Inc. is a global provider of customized software development solutions and IT staff augmentation services for software technology providers. By providing clients with unparalleled niche technology expertise and industry experience, Chetu has become the premiere long-term, back-end software development partner for start-ups, SMBs, and Fortune 500 companies. Chetu is headquartered in Plantation, Florida, with thirteen offices throughout the U.S. and abroad.
Business professionals no longer wonder if they'll migrate to the cloud; it's now a matter of when. The cloud environment has proved to be a major force in transitioning to an agile business model that enables quick decisions and fast implementation that solidify customer relationships. And when the cloud is combined with the power of cognitive computing, it drives innovation and transformation that achieves astounding competitive advantage.
DXWorldEXPO LLC announced today that "IoT Now" was named media sponsor of CloudEXPO | DXWorldEXPO 2018 New York, which will take place on November 11-13, 2018 in New York City, NY. IoT Now explores the evolving opportunities and challenges facing CSPs, and it passes on some lessons learned from those who have taken the first steps in next-gen IoT services.
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and cloud technologies must be integrated and managed properly. Pythian's Director of Big Data and Data Science, Danil Zburivsky will explore: The main technology components and best practices being deployed to take advantage...
Andi Mann, Chief Technology Advocate at Splunk, is an accomplished digital business executive with extensive global expertise as a strategist, technologist, innovator, marketer, and communicator. For over 30 years across five continents, he has built success with Fortune 500 corporations, vendors, governments, and as a leading research analyst and consultant.