UPDATE: Claude Resources Inc. Increases Resource Base and Grade at Santoy Gap; CRJ Up Slightly But Near Yr Lows
Claude Resources Inc. (CRJ.TO), which is trading near year lows, today reported an updated National Instrument 43-101 gold resource from the Santoy Gap deposit at its 100% owned Seabee Gold Operation, in Saskatchewan, Canada.
Highlights include the following:
Indicated resource of 994,000 tonnes at 8.80 grams per tonne for 281,000 ounces of gold.
Inferred mineral resource of 1,875,000 tonnes at 5.92 grams per tonne for 357,000 ounces of gold.
Gold mineralization domain extends for approximately 800 metres along strike and to 690 metres below surface.
The core of the Santoy Gap resource is approximately 600 metres away from the Santoy 8 Mine. Approximately 265 metres have been developed of the planned 800 metre exploration drift project.
The Santoy Gap resource update is based on 194 holes and 71,600 metres of drilling.
Shares are up 1 cent to 58 cents mid-morning, pm volume 50,100.
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