Claude/news/productioncui who's market cap is 6mil US has a 30% carried interest in a portion of the production stated below. 30% of the Porky and 30% of the Seabee mine which I believe is now to some degree on the Currie Rose property. Watch out for this one, shes go'en north.
Claude Resources Inc. gold production up 70% in fourth quarter
Thursday January 12, 4:21 pm ET
SASKATOON, Jan. 12 /CNW Telbec/ - Claude Resources Inc. (TSX: CRJ, AMEX: CGR) is pleased to announce that 2005 fourth quarter gold production at its Seabee mine in Saskatchewan, Canada improved by 70% from 8,900 ounces in the third quarter of 2005 to 15,100 ounces this period. This also represents a 15% increase over the previous five-year average of fourth quarter gold production. As expected, this fourth quarter production improvement resulted from increases in productivity, grade and mill throughput.
Full year production in 2005 was 44,600 ounces compared to 40,900 ounces in 2004. 2005 production was 6% below the five-year average of 47,400 ounces.
Claude Resources is forecasting 2006 gold production to exceed 50,000 ounces. These ounces are expected to originate from the following sources:
- The Seabee orebody is forecast to produce 48,000 ounces;
- The Santoy and Porky bulk samples are expected to produce a total of
2,000 ounces in the third quarter of 2006;
- Additional Santoy and/or Porky pre-production ounces are anticipated in
the fourth quarter of 2006.
Neil McMillan, President & CEO states: "we believe that these fourth quarter results represent the sustainable return to historical production levels from the Seabee orebody. Combined with our Seabee mill expansion and development of "satellite" deposits in the Seabee area, we are optimistic about expanding Seabee production going forward."