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Claude Resources Extends Mineralized System at Santoy Gap and Santoy 8 Deposits
May. 23, 2013 04:48AM PST
Gold Investing
Claude Resources Inc. (TSX:CRJ, NYSE:CGR) announced results from its drill program at the Santoy Mine Complex, where their Seabee Gold Operation is operated.
Claude Resources Inc. (TSX:CRJ, NYSE:CGR) announced results from its drill program at the Santoy Mine Complex, where their Seabee Gold Operation is operated.
As quoted in the press release:
Recent drilling at Santoy Gap has extended the mineralized system down-plunge to 650 metres depth and at Santoy 8 has extended the system 400 metres below the base of the existing inferred resource. These step-out drill intercepts significantly expand the footprint of the Santoy Mine Complex and are of a materially higher grade than the current reserve and resource base.
Claude’s Senior Vice President and COO, Brian Skanderbeg, said:
Not only do these holes demonstrate the prospectivity of the Santoy system, they also highlight the potential for near term resource growth. With the advancement of our exploration ramp from Santoy 8 to Santoy Gap, we have initiated underground infill drilling to aid in the development of a detailed mine design for the Santoy Gap as we move it towards production.