SASKATOON, Aug. 19, 2009 (Canada NewsWire via COMTEX News Network) --
<< Trading Symbols TSX - CRJ NYSE Amex - CGR >>
Claude Resources Inc. (TSX-CRJ; 
Amex-CGR) is pleased to report highlights from its ongoing 2009underground in-fill and exploration program and its production progressfrom the Company's Seabee Project.
Exploration
Drillingat the Seabee Mine continues to discover high grade goldmineralization. Highlights from the July drill program include:
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- 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).
>>
"Beingadjacent to existing development, these discoveries will contribute toour success in increasing our production at Seabee", stated VicePresident, Mining Operations, Philip Ng, P.Eng. "There are twosignificant factors with these intercepts. Firstly, these interceptscontinue to grade above the historical average and secondly, we arefinding these ore shoots in close proximity to existing development andinfrastructure, thus providing us with the ability to incorporate theseshoots 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
Seabeeproduction from July 1st to August 16th is meeting previous guidanceand is presently averaging approximately 160 ounces per day for thequarter. Increase in production is attributed to higher tonnage, over750 tonnes per day, as well as higher grade ore being delivered to theSeabee Mill. This is a substantial increase from the second quarter of85 ounces per day. The Company continues to forecast 2009 production torange between 46,000 and 48,000 ounces of gold.
In 2009, Claude Resources Inc. is producing from its satellite deposit at Santoy 7 as well as the Seabee Mine. In addition, the Company on continuing with an underground bulk sample program at Porky West andpending environmental approval and permits, to move Santoy 8 towardscommercial production. For 2009, approximately 35,000 meters of surfaceand underground diamond drilling is planned at Seabee and its satellitedeposits.
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange(TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR). Claude is a goldexploration and mining company with an asset base located entirely inCanada. Since 1991, Claude has produced approximately 850,000 ounces ofgold from its Seabee mining operation in northeastern Saskatchewan. TheCompany also owns 100% of the 10,000 acre Madsen property in theprolific Red Lake gold camp of northwestern Ontario.
Sampleswere assayed by Claude Resources Inc.'s non-accredited assay lab at theSeabee mine site. Duplicate check assays were conducted at site as wellas at TSL Laboratories in Saskatoon. Results of the spot checks wereconsistent with those reported. Sampling interval was established byminimum or maximum sampling lengths and geological and/or structuralcriteria. Minimum sampling length was 0.3 meters while the maximum was1.0 meter. 200 gram samples were pulverized until greater than 80%passes through 200 mesh screen. 30 gram pulp samples were then analyzedfor gold by fire assay with gravimetric finish (0.01 grams per tonnedetection limit). A top cut of 50 grams per tonne was used to determinecut grades. Philip Ng, P.Eng, Vice President - Mining Operations andBrian Skanderbeg, P.Geo., Vice President Exploration, Qualified Person,have reviewed the contents of this news release for accuracy.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
ThisPress Release may contain 'forward-looking' statements regarding theplans, intentions, beliefs and current expectations of the Company, itsdirectors, or its officers with respect to the future businessactivities and operating performance of the Company. The words "may","would", "could", "will", "intend", "plan", "anticipate", "believe","estimate", "expect" and similar expressions, as they relate to theCompany, or its management, are intended to identify suchforward-looking statements. Investors are cautioned that any suchforward-looking statements are not guarantees of future businessactivities or performance and involve risks and uncertainties, and thatthe Company's future business activities may differ materially fromthose in the forward-looking statements as a result of various factors.Such risks, uncertainties and factors are described in the periodicfilings with the Canadian securities regulatory authorities, includingthe Company's Annual Information Form and quarterly and annualManagement's Discussion & Analysis, which may be viewed on SEDAR atwww.sedar.com. Should one or more of these risks or uncertaintiesmaterialize, or should assumptions underlying the forward-lookingstatements prove incorrect, actual results may vary materially fromthose described herein as intended, planned, anticipated, believed,estimated or expected. Although the Company has attempted to identifyimportant risks, uncertainties and factors which could cause actualresults to differ materially, there may be others that cause resultsnot anticipated, estimated or intended. The Company does not intend,and does not assume any obligation, to update these forward-lookingstatements.
%SEDAR: 00000498E %CIK: 0001173924
SOURCE: CLAUDE RESOURCES INC.
NeilMcMillan, President & CEO, Phone: (306) 668-7505 or Philip Ng,P.Eng, Vice President, Mining Operations, Phone: (306) 668-7505, Email:ir@clauderesources.com, Website: www.clauderesources.com