Claude plans drilling on cui property...Claude Resources Plans Major Drill Program in 2006
Wednesday March 1, 5:06 pm ET
SASKATOON, SK, March 1 /CNW Telbec/ - Claude Resources Inc. (CRJ - TSX; CGR - AMEX) is planning a total of 70,000 metres (230,000 feet) of drilling in and around the Company's 100% owned Seabee Gold Mine in Saskatchewan, Canada during 2006.
The drilling is designed to replace 2006 gold production and to develop reserves and delineate resources to supply the expanded Seabee mill.
About 50,000 metres (164,000 feet) will be drilled from underground on the Seabee deposit with much of the work directed at highly prospective targets on strike to the east as well as testing the down plunge trend of the known ore shoots. Three main drill chambers are planned on the 350 metre, 550 metre and 850 metre levels. The lower drill chamber will be 200 metres south of the current 2b/2c zones off the main decline. This chamber is designed to test the downward plunge of the host structures to a depth of 1,500 metres. ACA Howe International Limited's recent review of Seabee reserves (February, 2006) lists the mine's current mineral reserves total at 684,400 tonnes grading 6.55 grams per tonne (gpt), (0.19 ounces per ton) with 1,500,000 tonnes of inferred mineral resources at 8.86 gpt (0.26 ounces per ton).
Up to 20,000 metres (66,000 feet) of surface drilling will be directed towards delineating the previously announced Porky Lake and Santoy Lake satellite deposits along strike and down dip, as well as pursuing four new targets: Pigeon, Afgan, Fox/Shane and Runway North.
The Seabee Mine and the area targets are hosted by steeply dipping quartz veins within a brittle-ductile shear zone system adjacent to the Laonil Lake Shear Zone. Host rocks at Seabee are dominantly meta-diorite and meta-gabbro in close proximity to felsic intrusives. The Santoy Zone 7 and 8 project areas, located approximately 11 kilometres (7 miles) east of Seabee, are underlain by the Pine Lake greenstone belt of metamorphosed mafic to intermediate volcanic, volcanoclastic and sedimentary rocks which are intruded by granitoid sills. Three kilometres (2 miles) north of the Seabee Mine, a portal has been established for the bulk sampling of the Porky West Zone. The gold mineralization at Porky Lake is part of a shear-related gold system hosted by altered mafic metavolcanic rocks and silicified, clastic metasedimentary rocks. Resources outlined at the Porky and Santoy projects were reported in a September 2005 news release "Claude Announces updated Resources in Seabee Area" and include:
Resource Summary
Porky and Santoy Areas
Indicated gpt Inferred gpt
Tonnes Tonnes
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Porky West 90,000 7.33 130,000 5.00
Porky Main 160,000 7.50 70,000 10.40
Santoy 7 190,000 8.42 10,000 10.00
Santoy 8
and 8E - - 910,000 8.70 (6.1 cut to 30
gpt)
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TOTALS 440,000 7.86 1,120,000 7.04
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Assaying was completed at the TSL Laboratory in Saskatoon and at the Seabee Mine laboratory. Vice President of Exploration, Patrick Hannon, M.A.Sc., P.Eng., is Claude Resources Inc.'s qualified person.