tsx, tsx-v, goldtsx, silver, junior resource

Fresh Releases


December 3, 2012

copper, gold, Clifton Star

Clifton Star reports Quebec Gold Assays up to 2.59 g/t over 36.6m

Clifton Star Resources Inc V.CFO announced results from 14 drillholes at its Duparquet Project in Quebec’s Abitibi region. Highlights include

2.08 grams per tonne gold over 36 metres
(including 3.51 g/t gold over 18.9 metres)
1.43 g/t gold over 16.5 metres
1.3 g/t gold over 28.5 metres
(including 2.28 g/t gold over 10.5 metres)
4.48 g/t gold over 5.8 metres
2.04 g/t gold over 11 metres
1.53 g/t gold over 10 metres
1.52 g/t gold over 26.4 metres
1.49 g/t gold over 40.5 metres
2.84 g/t gold over 10.6 metres
1.17 g/t gold over 31.8 metres
2.53 g/t gold over 24.8 metres
11.53 g/t gold over 3 metres
2.59 g/t gold over 36.6 metres
4.77 g/t gold over 14.1 metres

According to a May 24, 2012, 43-101 estimate, the Duparquet Project contains a measured resource of 19,000 tonnes grading 2.1 g/t gold for 1,284 gold ounces, an indicated resource of 29.6 million tonnes grading 1.8 g/t for 1.71 million gold ounces and an inferred resource of 29.1 million tonnes grading 1.78 g/t for 1.67 million gold ounces.

Michel Bouchard

copper, castle resources

Castle reports BC Assays up to 1.22% Copper, 0.11 g/t Gold, 19.74% Iron over 23.8m

Castle Resources Inc V.CRI announced assay results from 14 drillholes at its Granduc Copper Project located near Stewart, BC. Highlights include

1.85% copper, 0.21 g/t gold, 11.2 g/t silver, 8.2% iron over 4.5 metres
1.22% copper, 0.11 g/t gold, 2.74 g/t silver, 19.74% iron over 23.8 metres
1.58% copper, 0.25 g/t gold, 4.18 g/t silver, 5.12% iron over 21 metres
2.17% copper, 0.45 g/t gold, 8.1 g/t silver, 6.89% iron over 9.1 metres
1.22% copper, 0.18 g/t gold, 5.37 g/t silver, 4.6% iron over 10.5 metres
1.04% copper, 0.09 g/t gold, 3.14 g/t silver, 15.91% iron over 8 metres
1.36% copper, 0.21 g/t gold, 6.29 g/t silver, 5.53% iron over 16 metres
1% copper, 0.12 g/t gold, 2.36 g/t silver, 14.94% iron over 9.55 metres
1.05% copper, 0.14 g/t gold, 3.02 g/t silver, 13.08% iron over 33 metres
1.16% copper, 0.15 g/t gold, 3.41 g/t silver, 10.91% iron over 10.2 metres

Exploration Manager Brad Leonard commented, “We are very pleased with these results as they represent the first extensive exploration drilling conducted in decades on the Granduc’s highly prospective North Zone. High-grade copper intercepts have expanded the North Zone strike to over 600 meters, strongly indicating that the North Zone has the potential to be much larger than the current NI 43-101 inferred resource estimate.”

The Granduc Mine produced 420 million pounds copper from 1971 to 1984.

Mike Sylvestre

Lenny Foreht
VP Corporate Development

gold, Claude Resources

Castle reports BC Assays up to 1.22% Copper, 0.11 g/t Gold, 19.74% Iron over 23.8m

Claude reports Sask Seabee Santoy Gold Resource: 638K oz indicated and inferred

Claude Resources Inc T.CRJ announced an updated 43-101 resource estimate of the Santoy Gap Deposit at its 100%-owned Seabee Gold Operation in Saskatchewan. At a 3 g/t gold cutoff, the indicated resource is 994,000 tonnes grading 8.8 g/t gold for 281,000 gold ounces, and the inferred resource is 1.88 million tonnes grading 5.92 g/t for 357,000 ounces.

The Seabee Gold Project comprises 14,400 hectares located 125 kilometres northeast of La Ronge. Since 1991, it has produced over one million gold ounces. Claude also owns the Madsen Gold Project property near Red Lake, Ontario, and the Amisk Gold Property in northeast Saskatchewan.

Senior VP/COO Brian Skanderbeg commented, “During 2012, we were able to effectively upgrade a significant portion of our inferred resource into the indicated category while continuing to grow the Santoy Gap Deposit. Our infill drill program demonstrated that a high grade core exists with widths of up to 20 metres. The Santoy Gap Deposit represents a great opportunity for the company due to its proximity to permitted mine infrastructure, low development cost, near-term production potential and impressive grade.”

Brian Skanderbeg
Senior VP/COO

Video Updates