NO HEADLINE (April 01, 1991)

TEXT:

Saskatoon-based Claude Resources (TSE) has discovered a new zone of gold mineralization at the Seabee mine property in northern Saskatchewan. The new discovery, known as the 161 zone, consists of multiple sub-parallel structures that have so far been delineated over a strike length of 500 ft. and to a depth of 600 ft. Results include a 16.4 ft. interval grading 0.32 oz. gold per ton at 470 ft. and a 52.5 ft. interval grading 1.23 oz. at 135 ft. Claude says mineralization in the 161 zone is similar to that in the No. 2 and No. 5 deposits, which contain total reserves of 1.14 million tons grading 0.40 oz. Last month, Seabee was given the production go-ahead by the Saskatchewan environment ministry. Claude expects to be producing 52,000 oz. per year by the beginning of November.