Post by Franko10 ™ on Sept 11, 2004 14:43:53 GMT -5
February 4, 2004
Drill Program In Partnership With Claude Resources
Shane Resources Ltd. (TSX: SEI.H) is pleased to announce that its joint venture partner, Claude Resources Inc., has begun a drill program on the Pine East property located about five kilometres east of Claude’s current producing gold mine, the Seabee. The Seabee is located 125 kilometres northeast of La Ronge, Saskatchewan.
Previous drilling by Claude Resources Inc. on the Pine East property consisted of nine holes totalling 1,551 metres. Five holes intersected gold mineralization, ranging from one metre to five metres in width and from 0.5 to 6.6 grams per tonne in grade. The mineralization structure may represent a splay off the Laonil Shear Zone and is similar to the structures that host the Seabee deposit.
The size of the drill program will be results-driven and results will be reported when received.
ON BEHALF OF THE BOARD
Rick Walker, President
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.
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