Canadian Mining Journal

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GOLD RESERVE – Seabee numbers up 44%

SASKATCHEWAN - Saskatoon-based CLAUDE RESOURCES reports that gold reserve figures are up 44% during the first three...


SASKATCHEWAN – Saskatoon-based CLAUDE RESOURCES reports that gold reserve figures are up 44% during the first three quarters of 2007 at its Seabee mine, 125 km northeast of La Ronge. As a result of successful underground drilling and development, the company now puts contained ounces of gold at 211,100, compared with 146,700 oz at the end of 2006.

The total reserve figure is 984,200 tonnes grading 6.67 g/t Au, compared with 692,500 tonnes at 6.59 g/t Au at the end of last year. That figure includes 303,000 tonnes of proven and 681 tonnes of probable reserves.

During 2006 the Seabee mine produced 46,300 oz of gold. More information about the operation is posted at www.ClaudeResources.com.


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