Saturday 24th September 2016

Resource Clips



Claude reports Saskatchewan Gold Results up to 261.28 g/t over 4m

Resource Clips - essential news on junior gold mining and junior silver miningClaude Resources Inc TSX:CRJ announced results from the L62 Zone of its Seabee Gold Operation in northeastern Saskatchewan. Assays include 261.28 g/t gold over 4 metres (including 433.87 g/t over 0.5 metres), 39.75 g/t over 13.1 metres (including 528.1 g/t over 0.9 metres), 14.01 g/t over 5.2 metres (including 65.35 g/t over 1 metre), 4.78 g/t over 10.2 metres and 10.68 g/t over 3.1 metres.

Senior VP of Mining Operations Philip Ng remarked, “These high-grade results from the L62 Zone will have a significant and material impact on Seabee Mine’s mineral resources, mineral reserves and production outlook in the coming years. This new intercept from hole U11-638 is approximately 45 metres away from hole U11-629, which reported 39.75 grams of gold per tonne over 10 metres true width. In just three months of drilling since initial discovery, the L62 Zone is now outlined to have an estimated strike length of 75 metres and a dip length of 300 metres. The geological structure is considered open in all directions. The company plans to start development towards the L62 Zone late in the fourth quarter of 2011 with development ore anticipated by the second quarter of 2012.”

View Company Profile

Contact:
Philip Ng
Senior VP of Mining Operations
or Brian Skanderbeg
VP of Exploration
306.668.7505

by Greg Klein

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