DAILY NEWS Nov 27, 2012 3:58 PM - 0 comments

GOLD: Santoy Gap mineralization extended, new zone discovered

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2012-11-27

SASKATCHEWAN – Claude Resources of Saskatoon says that the 2012 drill program at Santoy Gap extended the mineralized system down dip to 650 metres and along strike to the south toward the Santoy 8 gold mine. The Santoy Gap is part of the company's Seabee gold project 125 km northeast of La Ronge. The company has also discovered a sub-parallel lens to the Santoy Gap, approximately 150 metres to the east.

The final five drill holes of the 2012 program targeted the down dip extension of the Santoy Gap deposit. Four of the holes returned visible gold bearing intercepts. Recent Santoy Gap intercepts include 5.93 metres at 8.16 g/t Au, 1.41 metres at 4.68 g/t Au, and 1.58 metres and 5.03 g/t Au. Drilling has extended economic mineralization 150 metres down dip to a depth of 650 metres below surface.

Claude says drill hole JOY-12-689 is of particular significance as it implies continuity of the Santoy Gap structure along strike towards the Santoy 8 mine. Based on the Santoy Gap inferred resource, positive exploration results and proximity to the existing Santoy 8 infrastructure, the company has begun an 850 metre long exploration drift to allow for infill drilling and upgrading of the inferred resource.

Visit ClaudeResources.com for longitudinal and plan maps of the Santoy Gap deposit, a complete list of 2012 drill results and location map of the Seabee project.

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Claude Resources Inc

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