Nov 18 2010
Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) today reported new exploration results from the July, August and September drilling programs at its 100 percent owned and operated Seabee Gold Mine.
Highlights from the drill programs include:
- 39.43 grams of gold per tonne (cut) over 2.6 metres true width (hole U10-645).
- 28.18 grams of gold per tonne (cut) over 2.0 metres true width (hole U10-651);
- 26.51 grams of gold per tonne (cut) over 1.5 metres true width (hole U10-642b);
- 18.54 grams of gold per tonne (cut) over 3.8 metres true width (hole U10-349); and
- 15.43 grams of gold per tonne (cut) over 1.3 metres true width (hole U10-652).
Speaking today in Saskatoon, Philip Ng, Vice President, Mining Operations stated that "Seabee exploration has been very successful throughout 2010. Our deepest hole to date, at 1,300 metres, has confirmed that gold mineralization continues at depth at economic widths and grade. We are looking at an expanded exploration program at Seabee in 2011 to test high grade targets near existing infrastructure and regionally to better realize the potential of the Seabee Gold Mining Camp."
In 2010, Claude will continue producing from the Seabee Gold Mine and expects to move Santoy 8 towards a commercial production decision in early 2011. For the full year 2010, approximately 50,000 metres of surface and underground diamond drilling will be completed at the Seabee Gold Mine and surrounding satellite deposits.