SASKATCHEWAN – Claude Resources of Saskatoon has hit the widest intercept to date in the Santoy Gap at its Seabee gold mine 125 km northeast of La Ronge. Hole JOY-12-677 returned 29.74 metres averaging 14.58 g/t Au. Hole 679 returned 20.29 metres at 13.81 g/t Au.
The company says these results confirm a high grade core that hosts multiple vein sets of a combined width between 20 and 30 metres.
The Santoy Gap hosts an inferred resource of 2.3 million tonnes at 6.63 g/t Au or 495,000 contained oz of gold. All holes drilled during the infill program at Santoy Gap returned economic, visible gold bearing intercepts. The system remains open in most directions, and Claude has begun development a 850-metre long exploration drift from the existing Santoy 8.
Gold mineralization at Santoy Gap is hosted within a system of sheeted, shear hosted quartz veins, silicified biotite-diopside schist and silicified granitic to dioritic dykes. Visible gold is typically observed along vein contacts, associated with trace to 5% disseminated pyrrhotite, pyrite, chalcopyrite and rarely tellurides. The system shows very similar structural controls and geometry to the Santoy 8 deposit.
Visit ClaudeResources.com for a detailed longitudinal and plan maps of the Santoy Gap deposit, a complete list of 2012 drill results, and location map of the Seabee project.