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
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. 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 gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...