Trading Symbols: TSX: CRJ; OTCQB: CLGRF
SASKATOON, June 29, 2015 /PRNewswire/ - Claude Resources
Inc. ("Claude" and or the "Company") has expanded its land position
by approximately 3,000 hectares to 19,950 hectares at the Seabee
Gold Operation in northeastern Saskatchewan, Canada. The additional 3,000
hectares are located east and north of the Santoy region where the
Company is currently expanding production from the Santoy Mine
Complex (Santoy Gap and Santoy 8) and conducting 35,000 metres of
underground drilling in 2015.
In addition to increasing its land position at the Seabee Gold
Operation, the Company purchased its only two joint venture
agreements on the property from Karoo Exploration Corp. ("Karoo")
and Star Minerals Group Ltd. ("Star"). The Karoo joint venture
agreement, which comprised 65 hectares, was purchased for 73,529
common shares of Claude. The Star joint venture agreement, which
comprised 642 hectares, was purchased for 134,664 common shares of
Claude. By acquiring these two joint ventures, the Company now owns
and controls 100% of the entire gold belt and land package within
the Seabee Gold Operation. The closing of the Karoo agreement
remains subject to certain conditions which include regulatory
approval.
A detailed map of the additional claims and the joint venture
claims locations can be viewed here:
http://www.clauderesources.com/html/operations/index.cfm
"The newly staked claims at the Seabee Gold Operation are
strategically located contiguous to the Santoy region. The Santoy
region has some of the most prospective gold targets in our camp
and it is prudent to ensure we control this underexplored region,"
stated Brian Skanderbeg, President
and CEO. "Along with an expanded land package, we are pleased to
have consolidated the property within the two joint venture
agreements. Our focus remains on near mine targets at the Seabee
Mine and Santoy Mine Complex however, the Star and Karoo claims
host gold showings and occurrences that may play a role in our
future."
The Seabee Gold Operation had record annual gold production in
2014 and most recently set a new quarterly gold production record
in the first quarter of 2015. The key drivers of the record
performance were the successful transition to Alimak Long-Hole
mining at the Seabee Mine and advancing the high grade Santoy Gap
deposit into production. During the second quarter of 2015 these
key drivers have continued to deliver strong results. Second
quarter gold production results are expected to be announced on
July 7, 2015 prior to market
open.
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.
SOURCE Claude Resources Inc.