Claude Resources said that the follow-up drilling at the Neptune target within the Seabee Project in Canada has intersected high-grade gold within multiple structures with assay results of up to 84.66 grams of gold per tonne across 3.20m or 2.47 ounces per ton across 10.5ft.
The 2011 winter drill program confirmed the gold-bearing structure over a strike length of 1,200m to depths in excess of 250m and, when combined with drilling completed in 2010, indicates strong potential to grow the resource base at the Seabee Project.
The Neptune target was a grassroots discovery in 2010 and is located six kms north of the Seabee Minesite within the 14,400 hectare Seabee Project.
Located 110 kms northeast of La Ronge, Saskatchewan, the Seabee Project hosts the currently producing Seabee and Santoy 8 Gold Deposits.
According to the company, a total of 13 holes and 4,051m were completed and assayed from the 2011 winter drill program.
Widely spaced drilling targeted the Neptune trend whose gold-in-soil anomaly extends for 1.8 kms.
The gold-in soil anomaly exists along three sub-parallel trends spanning a width of at least 200m and the system remains open along strike to the northeast and southwest and at depth.
Multiple gold-bearing vein sets are situated proximal to the arenite-basalt contact, a regional structure that hosts gold mineralization at the Porky West and Porky Main deposits.
Sheeted quartz veins and associated alteration are hosted within both arenite and basalt-derived, biotite-chlorite schist.
Based on these encouraging results from Neptune and in the Santoy region, Claude has expanded the 2011 Seabee exploration program to include 26,500m of surface drilling, the company said.
The program will focus on testing the 1.8 kms strike length of the Neptune target as well as the Santoy Gap and depth continuity of the Santoy 8 and 8E systems.
The two rig program is anticipated to continue from early June through to late October this year.
In addition to the exploration efforts at the Seabee Project, the company has initiated Phase II underground drilling at the Madsen Property in Red Lake and continues to advance the Amisk Gold Project.
The Phase II Madsen program is designed to test depth and strike extensions to high grade mineralization within the 8 Zone Trend.