The Neptune exploration target is located 6 kilometres north of the Seabee Minesite. Claude focused exploration on the Pigeon Lake region and utilized geological, geochemical and geophysical surveys and historical drill data. Exploration efforts in 2011 included the completion of a 28 hole, 9,550 metre drill program designed to test the 1.8 kilometre strike length of the soil anomaly to vertical depths of up to 250 metres. Based on the encouraging results from Neptune, Claude anticipates further drilling in the first and second quarters of 2012.
Table 1: Results from the 2010 and 2011 drill programs.
Follow-up drilling at the Neptune target within the Seabee Project has intersected high-grade gold within multiple structures with assay results of up to 84.66 grams of gold per tonne across 3.20 metres or 2.47 ounces per ton across 10.5 feet. The 2011 winter drill program confirmed the gold-bearing structure over a strike length of 1,200 metres to depths in excess of 250 metres and, when combined with drilling completed in 2010, indicates strong potential to grow the resource base at the Seabee Project.
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. “Initial drill testing of the Neptune target has returned high grade results with 10 of 15 holes hosting visible gold. To date, we have only tested the Neptune target on widely spaced centres and are yet to determine the limits. These results demonstrate the potential for significant new discoveries and resource definition in the Seabee Camp,” stated Brian Skanderbeg, Vice-President Exploration.
Based on these encouraging results from Neptune and in the Santoy region, Claude has expanded the 2012 Seabee exploration program to include 70,000 metres of surface drilling. The program will focus on testing Santoy Gap, Neptune and other regional targets.
Figure 1: Seabee Regional Property Map
Figure 2: Neptune Plan Map