Trading Symbols
TSX - CRJ
NYSE Amex - CGR
SASKATOON, Aug. 19 /CNW/ - Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR)
is pleased to report highlights from its ongoing 2009 underground in-fill and
exploration program and its production progress from the Company's Seabee
Project.
Exploration
Drilling at the Seabee Mine continues to discover high grade gold
mineralization. Highlights from the July drill program include:
- 11.18 grams per tonne of gold over 3.6 meters true width
(hole U09-650).
- 7.60 grams per tonne of gold over 4.5 meters true width
(hole U09-652).
- 15.23 grams per tonne of gold over 3.9 meters true width
(hole U09-654).
- 19.36 grams per tonne of gold over 3.3 meters true width
(hole U09-655).
"Being adjacent to existing development, these discoveries will
contribute to our success in increasing our production at Seabee", stated Vice
President, Mining Operations, Philip Ng, P.Eng. "There are two significant
factors with these intercepts. Firstly, these intercepts continue to grade
above the historical average and secondly, we are finding these ore shoots in
close proximity to existing development and infrastructure, thus providing us
with the ability to incorporate these shoots into our mine plan over the short
and medium term."
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MIDPOINT COORDINATES GRADE GRADE TRUE GRADE TRUE
HOLE ------------------------ g/T g/T WIDTH oz/t WIDTH
NO. NORTH EAST ELEV. (uncut) (cut) (m) (cut) (ft)
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U09-650 1165.6 1202.8 -538.5 21.26 11.18 3.6 0.36 11.8
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U09-651 1162.1 1204.1 -563.0 7.60 7.60 3.9 0.24 12.8
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U09-652 1154 1211.1 -628.8 7.83 7.83 4.5 0.25 14.8
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U09-653 1149.5 1215.8 -654.1 5.96 5.96 5.5 0.19 18.0
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U09-654 1154 1224.9 -590.5 34.09 15.23 3.9 0.49 12.8
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U09-655 1153.8 1228.9 -620.3 21.34 19.36 3.3 0.62 10.8
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Production Update
Seabee production from July 1st to August 16th is meeting previous
guidance and is presently averaging approximately 160 ounces per day for the
quarter.