High grade intersections at Seabee

Mine-site exploration at the Seabee gold mine in northern Saskatchewan has indicated new mineralization at depth.

Drilling by owner Claude Resources (CRJ-T, CGR-X) cut gold mineralization in eleven holes on the 2C9709 zone, down-dip from known resources at Seabee. True mineralized widths in the zone ranged from 1 to 9 metres.

Among the better intersections were 9 metres grading 15 grams gold per tonne, cut to 8 grams when high assays were limited to 50 grams per tonne, and 3.5 metres grading 83.3 grams gold per tonne, or 31.8 grams per tonne after cutting. Cut grades were mostly between 5 and 20 grams per tonne.

Earlier results on the 2B9714 zone, about 500 metres to the east of the 2C9709 zone, showed mineralized true widths mainly between 2 and 6 metres, with grades mainly in the 6-gram to 12-gram range.

Reserves at Seabee stand at 803,000 tonnes grading 6.9 grams gold per tonne, at the end of the second quarter of 2007. The new mineralization extends the Seabee deposit by a minimum of 200 metres from that reserve envelope.