Mr. Brian Skanderbeg reports
CLAUDE PROVIDES 2013 UNDERGROUND DRILLING RESULTS FROM THE SEABEE GOLD OPERATION
Claude Resources Inc. is providing an update from its 2013
underground drilling program at the Seabee gold operation. The
underground drilling program drilled approximately 50,000 metres in a
continuing 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 grams per tonne gold over 4.7 metres;
- Hole U13-066: 8.27 g/t Au over 7.8 metres;
- Hole U13-075: 12.23 g/t Au over 10.7 metres;
- Hole U13-076: 22.62 g/t Au over 6.1 metres;
- Hole U13-077: 23.58 g/t Au over 4.8 metres;
- Hole U13-087: 31.32 g/t Au over 2.5 metres;
- Hole U13-089: 49.02 g/t Au over two metres;
- Hole U13-321: 31.54 g/t Au over 5.2 metres.
Santoy mining complex (Santoy 8 mine and Santoy Gap deposit)
- Hole SUG-13-905A: 13.28 g/t Au over 3.5 metres;
- Hole SUG-13-301: 17.32 g/t Au over four metres;
- Hole SUG-13-320: 9.64 g/t Au over 4.4 metres;
- Hole SUG-13-335: 10.34 g/t Au over 6.5 metres;
- Hole SUG-13-347: 13.90 g/t Au over 5.7 metres;
- Hole SUG-13-355: 6.09 g/t Au over 8.5 metres.
Brian Skanderbeg, senior vice-president and chief operating officer, stated: "We continue to
have great success in our ongoing 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.
HIGHLIGHTS FROM THE 2013 UNDERGROUND DRILLING PROGRAM
Hole From To Au Au True width
(m) (m) (g/t uncut) (g/t cut) (m)
SUG-13-905A 122.5 126.5 13.28 13.28 3.5
SUG-13-912 226.5 230.3 10.90 10.90 2.1
SUG-13-921 252.1 270.7 3.97 3.97 8.5
SUG-13-922 259.7 284.6 20.00 7.75 2.7
SUG-13-301 91.0 96.5 18.46 17.32 4.0
SUG-13-315 119.0 120.8 18.49 18.49 1.2
SUG-13-320 158.6 167.4 9.64 9.64 4.4
SUG-13-322 159.6 165.7 13.55 13.55 2.9
SUG-13-328 151.2 156.7 9.27 9.27 2.9
SUG-13-329 112.1 114.8 10.88 10.88 1.9
SUG-13-332 101.0 104.3 27.71 16.72 2.3
SUG-13-335 81.6 89.5 10.34 10.34 6.5
SUG-13-337 153.9 158.2 18.84 13.07 2.2
SUG-13-340 161.2 168.3 15.19 10.69 3.5
SUG-13-343 126.9 131.3 9.63 9.63 2.7
SUG-13-345 99.7 102.8 10.45 10.45 2.1
SUG-13-347 71.6 78.0 16.02 13.90 5.7
SUG-13-353 174.5 178.5 12.43 12.43 1.8
SUG-13-355 78.0 88.4 6.09 6.09 8.5
SUG-13-366 180.3 189.0 7.66 7.66 3.7
U13-015 294.6 305.0 7.94 7.94 4.2
U13-017 197.4 203.0 11.76 11.76 4.3
U13-027 201.6 206.4 8.25 8.25 3.2
U13-028 215.7 219.4 14.92 12.48 2.3
U13-046 194.1 197.2 9.74 9.74 2.1
U13-051 222.4 228.1 9.20 9.20 3.9
U13-057 341.2 346.8 17.33 9.65 2.1
U13-608 259.3 261.6 21.63 21.63 1.5
U13-609 288.7 290.6 38.15 38.15 1.2
U13-610 310.1 314.5 9.69 9.69 2.5
U13-612 203.5 208.5 9.62 9.62 4.3
U13-613 222.0 224.7 8.75 8.75 2.2
U13-614 232.8 237.2 6.66 6.30 3.1
U13-626 294.0 297.1 46.60 16.61 2.0
U13-060 85.5 98.2 3.10 3.10 6.8
U13-061 81.3 88.8 13.96 13.16 4.7
U13-062 91.4 98.3 30.57 11.58 4.4
U13-063 87.2 90.6 13.04 13.04 2.4
U13-064 98.2 107.8 8.26 6.58 5.2
U13-066 90.8 107.3 13.13 8.27 7.8
U13-071 134.2 137.0 7.98 7.98 1.7
U13-072 139.5 144.6 13.69 12.43 2.8
U13-075 75.1 93.4 28.07 12.23 10.7
U13-076 52.7 60.2 27.05 22.62 6.1
U13-077 56.7 63.5 39.24 23.58 4.8
U13-080 77.4 86.9 15.04 11.50 4.5
U13-081 41.1 46.7 8.94 6.80 4.9
U13-087 61.5 64.4 35.79 31.32 2.5
U13-088 58.1 64.0 12.05 12.05 5.3
U13-089 67.0 69.4 82.86 49.02 2.0
U13-092 82.3 84.9 120.27 33.69 1.8
U13-093 81.8 83.8 25.56 24.94 1.4
U13-312 65.9 69.7 8.59 8.59 3.8
U13-316 72.4 75.8 10.22 10.22 3.0
U13-321 93.4 101.8 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 the company's website. 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 on-site 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. Samples of 200 grams were pulverized until greater than 80
per cent passes through 150-mesh screen. Thirty-gram pulp samples were then
analyzed for gold by fire assay with gravimetric finish (0.01-gram-per-tonne detection limit). Brian Skanderbeg, PGeo, senior vice-president
and COO, qualified person, has reviewed the contents of this news
release for accuracy.
We seek Safe Harbor.
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