SASKATCHEWAN – Claude Resources of Saskatoon says there may be over 1.0 million oz of gold in the Amisk project 20 km southwest of Flin Flon, MB. The property, hosting the former Monarch mine and other gold occurrences, is owned 65% by Claude and 35% by St. Eugene Mining.
The initial resource estimate of material recoverable with open pit methods is 30.2 million tonnes at 0.85% Au and 6.17 g/t Ag in the indicated category and 28.7 million tonnes at 0.64 g/t Au and 4.01 g/t Ag in the inferred category. The categories contain the equivalent of 921,000 oz and 645,000 oz, respectively. SRK Consulting (Canada) prepared the estimate using historical and current drilling results.
Brian Skanderbeg, Claude’s VP exploration, said, “Moving forward at Amisk, we will focus on expansion of the open pit resource, preliminary metallurgical, engineering and economic studies, as well as an evaluation of the underground potential.”
Detailed results of the drill holes is available at www.ClaudeResources.com