NORTHERN SASKATCHEWAN CLAUDE RESOURCES of Saskatoon says its infill and exploration diamond drill program at the Porky Lake Main zone has demonstrated the continuity of the gold-bearing systems. More good news: a third mineralized zone has been drilled on the east limb of the Porky Lake anticline.
Porky Lake is located 3 km north of Claude's Seabee gold mine near LaRonge. The mineralization at Porky Lake is part of a shear-related gold system hosted by altered mafic metavolcanic rocks and silicified, clastic metasedimentary rocks. Discovery of the new gold zone along the limb of the anticline reinforces the geological model of shear-related mineralization preferentially exploiting planes of weakness associated near a major volcano-sedimentary contact. This folded contact has been identified along a strike length of over 5 km.
Claude has commissioned bench-scale metallurgical testing of material from Porky Lake and reports encouraging recovery rates of 87% to 97%. It is now applying for the permits necessary to take a bulk sample from the Main zone. The company believes that capacity at the Seabee mill could be doubled to 1,100 tonnes/day for less than $2 million. Keep track of news about the Porky Lake project at www.ClaudeResources.com.
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