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Claude Reports 29.16 g/t Gold over 6.26 Meters at Santoy Gap

Charlotte McLeod
Mar. 16, 2016 09:34AM PST
Gold Investing

Claude Resources Inc. (TSX:CRJ,OTCQB:CLGRF) announced further positive results from 2015 underground drilling and 2016 surface drilling at its Santoy mine complex. Surface drilling just recently started at the operation.

Claude Resources Inc. (TSX:CRJ,OTCQB:CLGRF) announced further positive results from 2015 underground drilling and 2016 surface drilling at its Santoy mine complex. Surface drilling just recently started at the operation.
The company also announced an 83,000-meter drill program at its Seabee gold operation.
Highlights from Santoy are as follows:

  • Santoy Gap up-dip extension expanded with high grade intercepts of 29.16 grams of gold per tonne (g/t) (cut) over 6.26 metres true width and 52.80 g/t (cut) over 2.09 metres true width;
  • Depth continuity at Santoy Gap demonstrated with high grade intercepts of 137.58 g/t (uncut) or 41.99 g/t (cut) over 1.12 metres true width, 11.29 g/t (cut) over 9.47 metres true width and 22.77 g/t (uncut) or 16.23 g/t (cut) over 4.24 metres true width;
  • Santoy 8A extension follow-up drilling was highlighted by an intercept of 7.44 g/t (cut) over 12.96 metres true width; and

Brian Skanderbeg, president and CEO of Claude Resources, commented:

Our drill results continue to demonstrate the high grade nature of the Santoy Mine Complex and the opportunity to expand the resource base. Our camp is underexplored and with the strength of our balance sheet, we are in a position to invest in exploration to extend the already robust mine life at the Seabee Gold Operation. We are excited to initiate an aggressive 2016 drill program focusing on targets close to infrastructure, expanding our reserves and exploring greenfield targets such as Carr. The Carr target is the strike extension of the Santoy Mine trend that has had minimal drilling and hosts similar characteristics to the Santoy Mine Complex. Having several prospective targets in front of us, we expect 2016 to be an exciting year on the exploration front.

Click here to read the full Claude Resources Inc. (TSX:CRJ,OTCQB:CLGRF) press release.

mine life drill results tsx:crj
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