March 5, 2007

GOLD EXPLORATION - Bulk sampling progress at Santoy 7 and Porky Lake

Bulk sampling is in full swing at the Santoy 7 and Porky Lake zones. These are satellite deposits of the Seabee gold mine belonging to CLAUDE RESOURCES of Saskatoon. The Santoy 7 zone lies 11 km east and the Porky Lake property lies approximately 5 km north of the mine, near La Ronge.

The Santoy ramp has reached the mineralized structure 40 m below surface, and 45 rounds of muck have been sampled. The samples indicate an estimated grade of 12.62 g/t Au with a “top cut” of 48.2 g/t; the average uncut grade is 13.6 g/t Au. Last year the Santoy resource was estimated to be 200,000 t at 8.50 g/t Au.

At the Porky West zone some preliminary bulk sampling work was done as well. A decline was driven to access the top, lower-grade portion of the zone on both the 45-m and 65-m levels. A total of 7,500 tonnes was processed in the mill at 3.69 g/t Au with a 95.5% recovery rate. A resource for Porky West was reported last year to be 220,000 t at 5.95 g/t Au.

Additional bulk sampling will be performed on Porky West from the 65-m level and below where previous diamond drilling indicated grade improving with depth. The timing of additional bulk sampling depends on Porky West’s merits relative to Santoy 7, Santoy 8 and the newest exploration project at Don's Lake, 5 km east of the Seabee mill.

Source : www.ClaudeResources.com

No comments: