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Bullboard - Stock Discussion Forum Claude Res Inc CLGRF

"Claude Resources Inc is engaged in the acquisition, exploration, and development of gold and other precious metal properties. Its projects include Seabee Property and various exploration properties located at Laonil Lake. It also owns Amisk Gold Property."

GREY:CLGRF - Post Discussion

Claude Res Inc > RE: 5 YEARS to mine out the high grade gold
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Post by cre8value on Mar 08, 2013 10:36am

RE: 5 YEARS to mine out the high grade gold

Bottles,

  Great feedback :) .

 From the corporate update Feb 2013

 Seabee Infrastructure Expansion

  The mill has been expanded to 1050 tons/day. There is a blip about capable of sustaining 850 tons/day.

  I don't know if that is all they can mine but there needs to be some clarification there.

  I do know that they ran 275,230 tons last year. The company runs 365 days a year. That only comes out to 754 tons / day.  As you can see this is about 25% less than the max rate.

It seems like they could run 55,000 oz at 7.5 g/t L62 for two years without having to expand the mill at all and not using the Santoy 8 material at all. Can you flesh this statement out a bit and see where it falls short?

Remember that there is a really, really nice 20-30m core at Santoy Gap that is close to the ramp when completed.

Comment by December3 on Mar 09, 2013 12:08pm
cre8 dude, please keep posting as the more your do the more it is clear that you know little about mining and have bought CRJ and now "hope" to help yourself and your investment by continually spamming this board with your show of ignorance. . Is it possible that CRJ does not have the man-power, equipment, etc. to mine enough faces underground to produce >1000 tpd?  Or is the ...more  
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