Claude Resources Inc. Continues to Intercept High Grade Gold at Seabee
Project Including 28.05 g/t Over 1.6 Meters True Width
Trading Symbols TSX - CRJ NYSE Amex - CGR
SASKATOON,
Claude Resources Inc. ("Claude" or the "Company") continues to have positive drill results from its ongoing 2009 underground in-fill and exploration program from the Company's 100% owned and operated Seabee Project. Highlights from the program include:
- 28.05 grams of gold per tonne over 1.6 meters true width (hole U09-671); - 16.71 grams of gold per tonne over 1.4 meters true width (hole U09-677); - 10.14 grams of gold per tonne over 3.7 meters true width (hole U09-679); - 12.15 grams of gold per tonne over 2.6 meters true width (hole U09-362). ------------------------------------------------------------------------- GRADE GRADE MIDPOINT COORDINATES GRADE GRADE TRUE oz/ oz/ TRUE HOLE ---------------------- g/T g/T WIDTH ton ton WIDTH No. ZONE NORTH EAST ELEV. (uncut) (cut) (m) (uncut) (cut) (ft) ------------------------------------------------------------------------- U09- 671 2c 1164.1 1253.4 -566.8 4.76 4.76 0.80 0.14 0.14 2.6 ------------------------------------------------------------------------- U09- 671 2b 1142.6 1282.4 -582.7 30.08 28.05 1.60 0.88 0.82 5.2 ------------------------------------------------------------------------- U09- 672 2b 1146.8 1276.7 -663.9 5.92 5.92 1.00 0.17 0.17 3.3 ------------------------------------------------------------------------- U09- 673 2b 1133.9 1298.3 -663.2 10.84 10.84 0.60 0.32 0.32 2.0 ------------------------------------------------------------------------- U09- 676 2b 1155.4 1190.6 -601.9 8.71 8.71 1.20 0.25 0.25 3.9 ------------------------------------------------------------------------- U09- 677 2b 1151.8 1192.9 -633.9 46.47 16.71 1.40 1.36 0.49 4.6 ------------------------------------------------------------------------- U09- 679 2B 1155.3 1205.9 -600.8 12.64 10.14 3.70 0.37 0.30 12.1 ------------------------------------------------------------------------- U09- 684 2B 1164.4 1115.3 -692.4 9.60 9.60 1.00 0.28 0.28 3.3 ------------------------------------------------------------------------- U09- 350 550S 826.9 1525.9 -121.6 7.44 7.44 1.40 0.22 0.22 4.6 ------------------------------------------------------------------------- U09- 362 550S 805.3 1574.5 -193.2 15.94 12.15 2.60 0.46 0.35 8.5 ------------------------------------------------------------------------- U09- 363 550S 803.7 1576.9 -219.3 13.86 9.25 2.10 0.40 0.27 6.9 ------------------------------------------------------------------------- U09- 369 2C 1218.7 802.1 -566.8 7.37 7.37 2.30 0.21 0.21 7.5 ------------------------------------------------------------------------- U09- 371 2C 1217.9 796.4 -506.9 13.80 6.58 1.40 0.40 0.19 4.6 -------------------------------------------------------------------------
"The gold intercepts reported here and earlier in the year have demonstrated the potential to increase the reserve grade and tonnage at the Seabee Mine," stated
In 2009, Claude Resources Inc. is producing from its satellite deposit at Santoy 7, a bulk sample program at Porky West as well as the Seabee Mine. In addition, the Company continues to work on seeking environmental approval and permits, to move Santoy 8 towards commercial production. For the full year 2009, approximately 35,000 meters of surface and underground diamond drilling was planned at Seabee and its satellite deposits.
Please visit www.clauderesources.com for longitudinal and regional maps of the Seabee Project.
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the
Samples were assayed by Claude Resources Inc.'s non-accredited assay lab at the Seabee mine site. Duplicate check assays were conducted at site as well as at TSL Laboratories in Saskatoon. Results of the spot checks were consistent with those reported. Sampling interval was established by minimum or maximum sampling lengths and geological and/or structural criteria. Minimum sampling length was 0.3 meters while the maximum was 1.0 meter. 200 gram samples were pulverized until greater than 80% passes through 200 mesh screen. 30 gram pulp samples were then analyzed for gold by fire assay with gravimetric finish (0.01 grams per tonne detection limit). A top cut of 50 grams per tonne was used to determine cut grades.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This Press Release may contain 'forward-looking' statements regarding the plans, intentions, beliefs and current expectations of the Company, its directors, or its officers with respect to the future business activities 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 the Company, or its management, are intended to identify such forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future business activities or performance and involve risks and uncertainties, and that the Company's future business activities may differ materially from those in the forward-looking statements as a result of various factors. Such risks, uncertainties and factors are described in the periodic filings with the Canadian securities regulatory authorities, including the Company's Annual Information Form and quarterly and annual Management's Discussion & Analysis, which may be viewed on SEDAR at www.sedar.com. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements.
%SEDAR: 00000498E %CIK: 0001173924
For further information: For further information: Brian Skanderbeg, Vice President, Exploration, Phone: (306) 668-7505; or Philip Ng, P.Eng, Vice President, Mining Operations, Phone: (306) 668-7505; Email: [email protected], Website: www.clauderesources.com
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