SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of September,
2014
Claude Resources Inc.
(Translation of registrant’s name into
English)
200 - 224 - 4th
Ave S., Saskatoon, SK, S7K 5M5
(Address of principal executive offices)
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Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: |
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Form 20-F S |
Form 40-F £
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Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. |
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Yes £ |
No S |
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If " Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ______ |
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant, Claude Resources Inc., has duly caused this report to be signed on its behalf by the undersigned, thereunto duly
authorized.
| Date: |
September 10, 2014 |
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Claude Resources Inc. |
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(Registrant) |
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| By: |
/s/ Rick Johnson |
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Rick Johnson |
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Chief Financial Officer |
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EXHIBIT INDEX
| Exhibit |
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Description |
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| 99.1 |
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News Release Dated September 10, 2014 - Claude Resources Drills 26.77 g/t Gold Over 8.7 m and Initiates Long-Hole Production at Santoy Gap |
Exhibit 99.1
Claude Resources Drills 26.77 g/t Gold Over 8.7 m and Initiates Long-Hole
Production at Santoy Gap
Trading Symbols: TSX: CRJ; OTCQB: CLGRF
SASKATOON, SK, Sept. 10, 2014 /CNW/ - Claude Resources Inc.
("Claude" and or the "Company") continues to achieve excellent results from the underground drill program at
the Santoy Gap including an intersection of 26.77 grams of gold per tonne over 8.7 metres true width. In addition, long-hole production
at the Santoy Gap deposit has been initiated ahead of schedule and is expected to have a positive impact on future production.
2014 Santoy Gap Underground Drill Program
The underground drilling program is designed to define and expand the
current Mineral Reserves and Mineral Resources at the Santoy Gap. Results show high grade and excellent widths that are hosted
within three distinct vein systems, namely the Santoy Gap 9A, 9B and 9C.
Select highlight holes that have intercepted multiple vein systems are
presented in Table 1. Table 2, which is located at the end of the news release, provides further highlights and information
specific to each intercept. All results are reported as cut grade and true width.
Table 1: Highlight Holes Intercepting Multiple Vein Systems Within
the Santoy Gap Deposit.
| HOLE # |
VEIN SYSTEM |
| 9A |
9B |
9C |
GRADE g/t
(cut) |
TRUE
WIDTH (m) |
GRADE g/t
(cut) |
TRUE
WIDTH (m) |
GRADE g/t
(cut) |
TRUE
WIDTH (m) |
| SUG-14-027 |
33.56 |
4.57 |
7.71 |
2.52 |
4.28 |
10.21 |
| SUG-14-028 |
15.35 |
7.51 |
4.84 |
3.42 |
6.71 |
7.13 |
| SUG-14-029 |
50.00 |
1.88 |
10.91 |
10.47 |
15.17 |
4.80 |
| SUG-14-034 |
13.29 |
2.58 |
22.54 |
9.62 |
4.93 |
1.72 |
| SUG-14-038 |
9.87 |
8.22 |
20.20 |
0.87 |
28.36 |
2.02 |
| SUG-14-044 |
8.03 |
3.39 |
- |
- |
11.33 |
7.63 |
| SUG-14-048 |
6.06 |
6.34 |
6.23 |
4.69 |
26.77 |
8.70 |
"These results and the fact that we are now in production demonstrate
why we anticipate the Santoy Gap deposit will have a positive impact on our production profile," stated Mike Sylvestre, Interim
President and CEO. "The significance of these results is that all three structures hosted within the Santoy Gap continue to
demonstrate economic grades and widths. The Santoy Gap deposit contains more gold ounces per vertical metre than other ore bodies
in the camp and, based on that, we have the opportunity to improve productivity and margins."
Santoy Gap Development Update
The Santoy Gap development is currently ahead of schedule with long-hole
production now underway. Long-hole production was originally expected to begin in the fourth quarter of 2014. From May through
July, the Santoy Gap produced approximately 13,000 tonnes at 7.1 grams of gold per tonne. Thus far, the average grade has been
8% higher than the Santoy Gap Mineral Reserve grade of 6.4 grams of gold per tonne. Year to date, the Santoy Gap has had a positive
impact on production from the Santoy Mine Complex with overall grades improving to 5.65 grams of gold per tonne in the second quarter
versus the 3.66 grams of gold per tonne during the first quarter of this year.
Production ramp up at the Santoy Gap is well ahead of schedule and will
become the main contributor of tonnes and ounces mined from the Santoy Mine Complex for the remainder of 2014. Production tonnage
from Santoy Gap is expected to average 300 to 400 tonnes per day during the fourth quarter, which is well above the budgeted throughput
of 200 tonnes per day. The increase in tonnage and grade from Santoy Gap is expected to drive unit cost improvements going forward.
During the third quarter, the Company engaged an engineering firm to update
sections of the Santoy Gap mine plan, focusing on mine design, ventilation and future power requirements. Once completed, the Company
will move forward with development to achieve a full production rate of 500 to 700 tonnes per day. Capital expenditures required
to achieve the future production ramp up are expected to be minimal and the Company expects to fund its organic growth through
internal cash flows.
To view longitudinal sections and plan maps of the Santoy Mine Complex
please visit the Company's website at www.clauderesources.com.
Table 2: Highlights of Santoy Gap Year to Date 2014 Underground
Drilling Results.
| HOLE # |
ZONE INTERSECTION |
GRADE g/t
(uncut) |
GRADE g/t
(cut) |
TRUE
WIDTH
(m) |
| NAME (Target) |
FROM |
TO |
| SUG-14-001 |
9C |
118.50 |
127.50 |
4.84 |
4.84 |
7.60 |
| SUG-14-001 |
9B |
129.00 |
132.50 |
20.74 |
15.82 |
2.96 |
| SUG-14-001 |
9A |
138.60 |
140.50 |
28.82 |
23.86 |
1.61 |
| SUG-14-002 |
9A |
155.40 |
165.00 |
9.37 |
9.37 |
6.96 |
| SUG-14-003 |
9C |
144.00 |
149.60 |
4.51 |
4.51 |
3.78 |
| SUG-14-003 |
9A |
171.00 |
177.00 |
19.31 |
19.31 |
3.99 |
| SUG-14-004 |
9C |
158.10 |
163.80 |
7.41 |
7.41 |
3.49 |
| SUG-14-004 |
9B |
173.50 |
181.40 |
15.55 |
15.55 |
4.97 |
| SUG-14-007 |
9C |
136.80 |
139.40 |
21.05 |
21.05 |
1.91 |
| SUG-14-007 |
9A |
165.00 |
173.90 |
5.99 |
5.42 |
6.72 |
| SUG-14-008 |
9A |
171.70 |
174.40 |
36.23 |
22.39 |
1.95 |
| SUG-14-009 |
9C |
133.80 |
137.10 |
9.03 |
9.03 |
2.48 |
| SUG-14-010 |
9A |
153.00 |
157.00 |
5.77 |
5.77 |
3.11 |
| SUG-14-016 |
9C |
153.50 |
157.50 |
10.16 |
10.16 |
2.66 |
| SUG-14-017 |
9C |
131.80 |
140.20 |
5.24 |
5.24 |
6.19 |
| SUG-14-019 |
9B |
166.50 |
169.50 |
17.93 |
17.93 |
1.92 |
| SUG-14-020 |
9A |
144.00 |
151.50 |
3.51 |
3.51 |
6.14 |
| SUG-14-022 |
9C |
120.00 |
121.50 |
21.19 |
21.19 |
1.23 |
| SUG-14-025 |
9C |
113.10 |
114.30 |
67.03 |
50.00 |
1.05 |
| SUG-14-026 |
9C |
139.00 |
147.20 |
11.95 |
11.95 |
5.73 |
| SUG-14-026 |
9A |
156.00 |
160.50 |
25.01 |
25.01 |
3.16 |
| SUG-14-027 |
9C |
129.10 |
142.50 |
4.28 |
4.28 |
10.21 |
| SUG-14-027 |
9B |
147.00 |
150.30 |
7.71 |
7.71 |
2.52 |
| SUG-14-027 |
9A |
157.50 |
163.50 |
45.49 |
33.56 |
4.57 |
| SUG-14-028 |
9C |
127.30 |
136.50 |
6.71 |
6.71 |
7.13 |
| SUG-14-028 |
9B |
144.90 |
149.30 |
4.84 |
4.84 |
3.42 |
| SUG-14-028 |
9A |
151.50 |
161.20 |
16.44 |
15.35 |
7.51 |
| SUG-14-029 |
9C |
119.50 |
125.40 |
27.51 |
15.17 |
4.80 |
| SUG-14-029 |
9B |
127.30 |
140.00 |
14.75 |
10.91 |
10.47 |
| SUG-14-029 |
9A |
145.50 |
147.80 |
91.58 |
50.00 |
1.88 |
| SUG-14-030 |
9C |
114.40 |
117.50 |
5.55 |
5.55 |
2.66 |
| SUG-14-031 |
9B |
117.00 |
123.00 |
16.31 |
13.63 |
5.42 |
| SUG-14-031 |
9A |
128.70 |
133.50 |
11.95 |
11.95 |
4.33 |
| SUG-14-032 |
9A |
131.90 |
135.50 |
5.66 |
5.66 |
3.26 |
| SUG-14-033 |
9C |
148.40 |
152.90 |
6.86 |
6.86 |
2.93 |
| SUG-14-033 |
9B |
160.00 |
163.30 |
10.58 |
10.58 |
2.18 |
| SUG-14-034 |
9B |
118.30 |
129.50 |
36.96 |
22.54 |
9.62 |
| SUG-14-034 |
9A |
130.60 |
133.60 |
13.29 |
13.29 |
2.58 |
| SUG-14-035 |
9C |
116.70 |
120.20 |
16.57 |
16.57 |
3.07 |
| SUG-14-036 |
9C |
133.20 |
138.50 |
11.13 |
11.13 |
3.96 |
| SUG-14-037 |
9B |
132.00 |
136.00 |
6.89 |
6.89 |
3.20 |
| SUG-14-038 |
9C |
112.40 |
114.70 |
28.36 |
28.36 |
2.02 |
| SUG-14-038 |
9B |
120.00 |
121.00 |
20.20 |
20.20 |
0.87 |
| SUG-14-038 |
9A |
132.40 |
141.80 |
14.97 |
9.87 |
8.22 |
| SUG-14-039 |
9C |
120.00 |
122.00 |
9.29 |
9.29 |
1.64 |
| SUG-14-039 |
9A |
146.80 |
149.50 |
9.84 |
9.84 |
2.20 |
| SUG-14-041 |
9C |
143.20 |
148.10 |
10.57 |
10.57 |
3.51 |
| SUG-14-041 |
9B |
151.40 |
155.40 |
5.59 |
5.59 |
3.05 |
| SUG-14-042 |
9C |
133.90 |
139.20 |
53.11 |
11.89 |
3.94 |
| SUG-14-044 |
9C |
128.80 |
139.10 |
11.33 |
11.33 |
7.63 |
| SUG-14-044 |
9A |
156.20 |
160.80 |
19.18 |
8.03 |
3.39 |
| SUG-14-045 |
9C |
141.30 |
152.10 |
8.91 |
8.91 |
7.57 |
| SUG-14-045 |
9B |
153.00 |
156.00 |
11.58 |
11.58 |
2.08 |
| SUG-14-047 |
9C |
159.30 |
172.50 |
11.06 |
11.06 |
7.36 |
| SUG-14-048 |
9C |
154.00 |
168.30 |
30.16 |
26.77 |
8.70 |
| SUG-14-048 |
9B |
171.30 |
179.20 |
7.04 |
6.23 |
4.69 |
| SUG-14-048 |
9A |
185.40 |
196.20 |
6.06 |
6.06 |
6.34 |
| SUG-14-049 |
9C |
160.80 |
165.00 |
13.50 |
13.50 |
2.60 |
| SUG-14-049 |
9B |
174.40 |
178.70 |
12.49 |
12.49 |
2.66 |
| SUG-14-049 |
9A |
193.50 |
199.00 |
4.93 |
4.93 |
3.36 |
| SUG-14-056 |
9C |
150.40 |
168.00 |
7.35 |
7.35 |
10.88 |
| SUG-14-308 |
9A |
131.20 |
139.50 |
37.04 |
14.71 |
4.86 |
| SUG-14-310 |
9A |
107.50 |
109.00 |
19.38 |
19.38 |
1.00 |
| SUG-14-314 |
9A |
74.20 |
77.80 |
5.37 |
5.37 |
3.46 |
| SUG-14-316 |
9A |
162.60 |
169.60 |
5.76 |
5.76 |
3.28 |
| SUG-14-318 |
9A |
137.10 |
144.80 |
6.47 |
6.47 |
4.39 |
| SUG-14-328 |
9A |
70.20 |
73.80 |
12.19 |
12.19 |
3.59 |
| SUG-14-329 |
9A |
74.60 |
78.00 |
6.38 |
6.38 |
3.23 |
| SUG-14-334 |
9A |
159.90 |
161.30 |
166.87 |
50.00 |
0.73 |
| SUG-14-337 |
9A |
72.20 |
73.50 |
48.30 |
48.30 |
1.27 |
Note: Composites are calculated at a 3.5 g/t cut-off and a 50.0 g/t
top-cut and may include internal dilution.
Qualified Persons
Brian Skanderbeg, P.Geo. and M.Sc., Senior Vice-president and Chief Operating
Officer, is the Qualified Person who has reviewed and approved the contents of this news release. Samples were assayed by Claude's
onsite non-accredited assay lab at the Seabee Gold Operation. Duplicate check assays were conducted on site as well as at TSL Laboratories
in Saskatoon. Results of the spot checks were consistent with those reported. Sampling interval was established by minimum or maximum
sampling lengths and geological and/or structural criteria. 200 gram samples were pulverized until greater than 80 percent
passes through 150 mesh screen. 30 gram pulp samples were then analyzed for gold by fire assay with gravimetric finish (0.01 grams
per tonne detection limit).
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan,
whose shares trade on the Toronto Stock Exchange (TSX: CRJ) and the OTCQB (OTCQB: CLGRF). Claude is a gold exploration and mining
company with an asset base located entirely in Canada. Since 1991, Claude has produced over 1,000,000 ounces of gold from its Seabee
Gold Operation in northeastern Saskatchewan. The Company also owns 100 percent of the Amisk Gold Project in northeastern Saskatchewan.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
All statements, other than statements of historical fact, contained or
incorporated by reference in this news release and constitute "forward-looking information" within the meaning
of applicable Canadian securities laws and "forward-looking statements" within the meaning of the United States Private
Securities Litigation Reform Act of 1995 (referred to herein as "forward-looking statements"). Forward-looking
statements include, but are not limited to, statements with respect to the future price of gold, the estimation of mineral reserves
and resources, the realization of mineral reserve estimates, the timing and amount of estimated future production, costs of production,
capital expenditures, costs and timing of the development of new deposits, success of exploration activities, permitting time lines,
currency exchange rate fluctuations, requirements for additional capital, government regulation of mining operations, environmental
risks, unanticipated reclamation expenses, title disputes or claims and limitations on insurance coverage. Generally, these
forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects"
or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates" or "does not anticipate" or "believes", or the negative connotation
thereof or variations of such words and phrases or state that certain actions, events or results, "may", "could",
"would", "might" or "will be taken", "occur" or "be achieved" or the negative
connotation thereof.
All forward-looking statements are based on various assumptions, including,
without limitation, the expectations and beliefs of management, the assumed long-term price of gold, that the Company will receive
required permits and access to surface rights, that the Company can access financing, appropriate equipment and sufficient labour,
and that the political environment within Canada will continue to support the development of mining projects in Canada.
Forward-looking statements are subject to known and unknown risks, uncertainties
and other factors that may cause the actual results, level of activity, performance or achievements of Claude to be materially
different from those expressed or implied by such forward-looking statements, including but not limited to: actual results
of current exploration activities; environmental risks; future prices of gold; possible variations in ore reserves, grade or recovery
rates; mine development and operating risks; accidents, labour issues and other risks of the mining industry; delays in obtaining
government approvals or financing or in the completion of development or construction activities; and other risks and uncertainties,
including but not limited to those discussed in the section entitled "Business Risk" in the Company's Annual Information
Form. These risks and uncertainties are not, and should not be construed as being, exhaustive.
Although Claude has attempted to identify important factors that could
cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be
accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly,
readers should not place undue reliance on forward-looking statements.
Forward-looking statements in this news release are made as of the date
of this news release and accordingly, are subject to change after such date. Except as otherwise indicated by Claude, these
statements do not reflect the potential impact of any non-recurring or other special items that may occur after the date hereof.
Forward-looking statements are provided for the purpose of providing information about management's current expectations and plans
and allowing investors and others to get a better understanding of our operating environment.
Claude does not undertake to update any forward-looking statements that
are incorporated by reference herein, except in accordance with applicable securities laws.
CAUTIONARY NOTE TO U.S. INVESTORS CONCERNING RESOURCES ESTIMATES
The resource estimates in this document were prepared in accordance with
National Instrument 43-101, adopted by the Canadian Securities Administrators. The requirements of National Instrument 43-101 differ
significantly from the requirements of the United States Securities and Exchange Commission (the "SEC"). In this document,
we use the terms "measured", "indicated" and "inferred" resources. Although these terms are recognized
and required in Canada, the SEC does not recognize them. The SEC permits U.S. mining companies, in their filings with the SEC,
to disclose only those mineral deposits that constitute "reserves". Under United States standards, mineralization may
not be classified as a reserve unless the determination has been made that the mineralization could be economically and legally
extracted at the time the determination is made. United States investors should not assume that all or any portion of a measured
or indicated resource will ever be converted into "reserves". Further, "inferred resources" have a great amount
of uncertainty as to their existence and whether they can be mined economically or legally, and United States investors should
not assume that "inferred resources".
SOURCE Claude Resources Inc.
%CIK: 0001173924
For further information: Mike Sylvestre, Chairman, Interim President &
CEO, Phone: (306) 668-7505 or Marc Lepage, Manager, Investor Relations, Phone: (306) 668-7505, Email: ir@clauderesources.com, Website:
www.clauderesources.com
CO: Claude Resources Inc.
CNW 09:00e 10-SEP-14