Click here to close now.




















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
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
For IoT to grow as quickly as analyst firms’ project, a lot is going to fall on developers to quickly bring applications to market. But the lack of a standard development platform threatens to slow growth and make application development more time consuming and costly, much like we’ve seen in the mobile space. In his session at @ThingsExpo, Mike Weiner, Product Manager of the Omega DevCloud with KORE Telematics Inc., discussed the evolving requirements for developers as IoT matures and conducte...
Providing the needed data for application development and testing is a huge headache for most organizations. The problems are often the same across companies - speed, quality, cost, and control. Provisioning data can take days or weeks, every time a refresh is required. Using dummy data leads to quality problems. Creating physical copies of large data sets and sending them to distributed teams of developers eats up expensive storage and bandwidth resources. And, all of these copies proliferating...
Malicious agents are moving faster than the speed of business. Even more worrisome, most companies are relying on legacy approaches to security that are no longer capable of meeting current threats. In the modern cloud, threat diversity is rapidly expanding, necessitating more sophisticated security protocols than those used in the past or in desktop environments. Yet companies are falling for cloud security myths that were truths at one time but have evolved out of existence.
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Public Cloud IaaS started its life in the developer and startup communities and has grown rapidly to a $20B+ industry, but it still pales in comparison to how much is spent worldwide on IT: $3.6 trillion. In fact, there are 8.6 million data centers worldwide, the reality is many small and medium sized business have server closets and colocation footprints filled with servers and storage gear. While on-premise environment virtualization may have peaked at 75%, the Public Cloud has lagged in adop...
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
MuleSoft has announced the findings of its 2015 Connectivity Benchmark Report on the adoption and business impact of APIs. The findings suggest traditional businesses are quickly evolving into "composable enterprises" built out of hundreds of connected software services, applications and devices. Most are embracing the Internet of Things (IoT) and microservices technologies like Docker. A majority are integrating wearables, like smart watches, and more than half plan to generate revenue with ...
The Cloud industry has moved from being more than just being able to provide infrastructure and management services on the Cloud. Enter a new era of Cloud computing where monetization’s services through the Cloud are an essential piece of strategy to feed your organizations bottom-line, your revenue and Profitability. In their session at 16th Cloud Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positioning & Brand Manager at Solgenia, discussed how to easily o...
The Internet of Everything (IoE) brings together people, process, data and things to make networked connections more relevant and valuable than ever before – transforming information into knowledge and knowledge into wisdom. IoE creates new capabilities, richer experiences, and unprecedented opportunities to improve business and government operations, decision making and mission support capabilities.
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Rapid innovation, changing business landscapes, and new IT demands force businesses to make changes quickly. The DevOps approach is a way to increase business agility through collaboration, communication, and integration across different teams in the IT organization. In his session at DevOps Summit, Chris Van Tuin, Chief Technologist for the Western US at Red Hat, will discuss: The acceleration of application delivery for the business with DevOps
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Opening Keynote at 16th Cloud Expo, S...