Claude Resources Releases Q4 2007 Production Results
"Seabee Mine Production Exceeds Five Year Quarterly Average"
Saskatoon, Saskatchewan - January 15, 2008: Claude Resources Inc. (TSX: CRJ / AMEX: CGR) today reported its Q4 2007 production results from the Company's Seabee mining operation.
During the fourth quarter ended December 31, 2007, Claude Resources recorded 12,165 produced ounces of gold from the Seabee mining operation as well as the satellite deposit at the adjacent Santoy 7 project.
By comparison, over the previous five year period from 2002 to 2006, the Company has averaged 11,200 produced ounces per quarter.
"The increased production during the second half of 2007 is largely a result of the capital investment at our operations and in particular at Santoy 7", stated Claude Resources Vice President Mining Operations, Philip Ng. "That was evidenced by the fact that 61% of the 44,322 ounces of gold produced during 2007 occurred during Quarters 3 and 4".
For further information, please contact:
Neil McMillan
President and Chief Executive Officer
(306) 668-7505
or
Philip Ng
Vice President Mining Operations
(306) 668-7505
Email: clauderesources@clauderesources.com
Website: www.clauderesources.com
RENMARK FINANCIAL COMMUNICATIONS INC.
NEIL MURRAY-LYON : NMURRAYLYON@RENMARKFINANCIAL.COM
JAMES BUCHANAN : JBUCHANAN@RENMARKFINANCIAL.COM
TEL. : (514) 939-3989
FAX : (514) 939-3717
WWW.RENMARKFINANCIAL.COM
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VanEck Vectors Global Alternative Energy ETF
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PRODUCER |
CODE : CRJ.TO |
ISIN : CA1828731093 |
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Claude Resources is a gold producing company based in Canada. Claude Resources holds various exploration projects in Canada. Its main asset in production is SEABEE in Canada, its main asset in development is SANTOY 8 in Canada and its main exploration properties are PORKY LAKE, SANTOY 7 and AMISK LAKE GOLD in Canada. Claude Resources is listed in Canada and in United States of America. Its market capitalisation is 116.2 millions as of today (US$ 90.7 millions, € 79.9 millions). Its stock quote reached its highest recent level on November 22, 1996 at 3.10, and its lowest recent point on November 29, 2013 at 0.12. Claude Resources has 47 442 200 shares outstanding. |