DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL Message Board

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Gold/Mining/Energy : DISCOVERY BOARD ~ PRECIOUS METALS ENERGY URANIUM OIL

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To: PaperPerson who wrote (4524)	1/16/2012 10:19:57 AM
From: PaperPerson	Read Replies (1) of 4690

Claude Resources Inc. Intercepts 195.06 Grams of Gold per Tonne Over 2.29 Metres True Width in L62 Zone at Seabee Gold Operation SASKATOON, Jan. 16, 2012 /CNW/ - Claude Resources Inc. (TSX-CRJ; NYSE Amex-CGR) today reported recent exploration results from its L62 discovery at the 100 percent owned and operated Seabee Gold Mine. The L62 deposit is located approximately 200 metres away from existing development in the hanging wall of the Seabee Mine. The drilling was completed between September and December of 2011, with the results to be incorporated into an updated National Instrument 43-101 resource calculation anticipated in the first quarter of 2012. The final drill results from the 2011 underground drill program are summarized in Table 1 and Figure 1. Highlights of the L62 results released today include: •12.81 grams of gold per tonne over 6.70 metres true width (U11-649); •14.83 grams of gold per tonne over 5.19 metres true width (U11-650); •195.06 grams of gold per tonne over 2.29 metres true width (U11-651); •22.03 grams of gold per tonne over 4.41 metres true width (U11-661); •24.16 grams of gold per tonne over 5.71 metres true width (U11-663); and •27.06 grams of gold per tonne over 4.83 metres true width (U11-382). Drilling intercepted economic grades and widths approximately 25 metres along strike and 125 metres up-dip from previous high grade intercepts. The L62 deposit is now interpreted to have an estimated strike length of up to 85 metres and a dip length of 400 metres. Drilling immediately down plunge encountered sporadic economic grades, with the geological structure considered open in all directions.

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