Oct 3 2012
Claude Resources Inc. has announced preliminary production results from its 100 percent owned and operated Seabee Gold Operation.
During the third quarter the Seabee Gold Operation produced approximately 15,100 ounces of gold representing a 24 percent increase over the second quarter 2012 production of 12,166 ounces of gold. During the quarter, the Company milled 66,173 tonnes at a grade of 7.27 grams per tonne.
Neil McMillan, President and Chief Executive Officer, stated, “We are pleased with third quarter production and excited about our opportunity to continue to increase production in the coming years. Our operating staff deserves a great deal of credit for these results and gives us confidence in our ability to meet our targets going forward.”
During the fourth quarter of 2012, the Company expects to complete the Seabee shaft extension. The shaft will be shut down for approximately 4-5 weeks. The Company expects to continue milling during this period and consequently expects to meet its production guidance of 48,000 to 50,000 ounces for the full year. The shaft project will extend the shaft to 980 metres from its current depth of 600 metres. This extension is expected to improve operating efficiencies and significantly lower operating costs on the Seabee ore body.
The Company plans to release the operating and financial results of the third quarter on November 14, 2012 prior to market open. Following the press release the Company also plans to host a conference call and webcast. Further details will be available closer to the anticipated release date.
Source: http://www.clauderesources.com\