Past year: ▲ 261%(47.0c – 1.91 USD)
Each one in plain English, with the numbers worked through for a shareholder.
16 Mar 2016drilling result▲ GoodMajor
Drilling at Santoy Gap returned 29.16 g/t cut over 6.26 m true width up-dip and 137.58 g/t uncut (41.99 g/t cut) over 1.12 m at depth, with 7.44 g/t over 12.96 m in a Santoy 8A step-out. An 83,000 m programme was set for 2016 - 65,000 m underground and 18,000 m of surface exploration - funded, management said, off the balance sheet's own strength. Announced nine days after agreeing to be taken over.
19 Oct 2015drilling progress report▲ GoodMajor
The deepest hole yet at Santoy Gap returned 43.28 g/t uncut (30.54 g/t cut) over 1.15 m true width at 675 m below surface, with up-dip step-outs of up to 31.10 g/t uncut over 7.06 m. A 6,000 m deep drill programme was launched from a new underground chamber to follow JOY-13-692, the 2013 hole that cut 18.80 g/t over 13.86 m below Santoy 8.
21 Apr 2014drilling result▲ Good
About 50,000 m of 2013 underground drilling returned 49.02 g/t over 2.0 m (U13-089), 31.54 g/t over 5.2 m (U13-321), 22.62 g/t over 6.1 m (U13-076) and 23.58 g/t over 4.8 m (U13-077) at Seabee, and 17.32 g/t over 4.0 m (SUG-13-301) and 13.90 g/t over 5.7 m (SUG-13-347) at the Santoy complex - all close to active mining and cheap to bring into the mine plan.
24 Dec 2013resource reserve update● NeutralMajor
Filed the Seabee technical report behind the 7 November reserve increase, setting out proven and probable reserves of 2,785,200 tonnes at 6.19 g/t for 554,100 ounces (Seabee 221,100 oz at 7.26 g/t, Santoy 8 89,900 oz at 4.45 g/t, Santoy Gap 243,000 oz at 6.24 g/t), 77,000 ounces measured and indicated and 603,400 ounces inferred at 6.35 g/t.
8 Nov 2013resource reserve update▲ GoodMajor
Santoy Gap converted to reserve for the first time - 243,000 ounces at 6.24 g/t - lifting Seabee's total reserves 78% to 554,100 ounces. This is the payoff from the 2011 surface discovery, and the reason the company could talk about growing production rather than just sustaining it.
22 May 2013drilling result▲ GoodMajor
Three step-out holes, two of them decisive: JOY-13-692 cut 18.80 g/t over 13.86 m (including 73.49 g/t over 3.00 m) some 400 m below the base of the Santoy 8 inferred resource, and JOY-13-690 cut 330.35 g/t over 1.55 m at 684 m depth at Santoy Gap. Both were materially higher grade than the existing reserve and resource base.
3 Dec 2012resource reserve update▲ GoodMajor
Updated Santoy Gap resource from 194 holes and 71,600 m: 994,000 tonnes at 8.80 g/t for 281,000 ounces indicated, plus 1,875,000 tonnes at 5.92 g/t for 357,000 ounces inferred, over 800 m of strike to 690 m depth. Most of the 495,000 inferred ounces of a year earlier had been upgraded and the grade nearly doubled in the indicated category. About 265 m of a planned 800 m exploration drift had been driven.
27 Nov 2012drilling result▲ GoodMajor
The 2012 Santoy Gap programme extended the system down-dip to 650 m and south towards the Santoy 8 mine (8.16 g/t over 5.93 m in JOY-12-686, 6.91 g/t over 16.73 m in JOY-12-636) and discovered a sub-parallel lens about 150 m to the east - evidence the Santoy shear hosts several deposits over a three-kilometre strike.
20 Nov 2012drilling progress report▲ Good
The 2012 Madsen programme - 19,100 m in 16 holes - confirmed the 8 Zone's plunge continuity (26.50 g/t over 2.00 m in MUG-12-20, 29.60 g/t over 1.50 m in MUG-12-28) and depth continuity in the Austin and McVeigh Tuffs. Encouraging grades on narrow widths at a project that would be sold a year later.
27 Aug 2012drilling result▲ GoodMajor
The widest Santoy Gap intercept to date, 14.58 g/t over 29.74 m in JOY-12-677, confirming a high-grade core with combined vein widths of 20 to 30 m. Santoy Gap then held an inferred resource of 495,000 ounces at 6.63 g/t, and underground development from the Santoy 8 workings had started.
2 May 2012resource reserve update● Neutral
Filed the Seabee technical report on SEDAR carrying the March resource and reserve statement unchanged - 355,600 ounces of reserves at 5.37 g/t, 873,400 ounces inferred at 6.48 g/t. Paperwork behind an already-announced number.
14 Mar 2012resource reserve update▲ GoodMajor
The first resource statement to take in L62 and Santoy Gap. Inferred resources rose 236% to 873,400 ounces at 6.48 g/t from 260,100 ounces at 6.23 g/t, measured and indicated rose 43% to 70,700 ounces at 5.35 g/t, and reserves edged up net of depletion to 355,600 ounces at 5.37 g/t from 352,600 at 5.58 g/t. L62 alone added 70,400 ounces of probable reserve and Santoy Gap 495,000 ounces of inferred - both within reach of existing infrastructure. 130,000 m of drilling was budgeted for 2012.
17 Jan 2012drilling result▲ GoodMajor
Final 2011 underground results from L62: 195.06 g/t over 2.29 m true width (U11-651), 27.06 g/t over 4.83 m, 24.16 g/t over 5.71 m and 22.03 g/t over 4.41 m. Six months after discovery the zone measured up to 85 m of strike by 400 m of dip and was heading into an updated resource for the first quarter.
6 Jan 2012drilling result● Neutral
The remaining 2011 Amisk holes returned 6.24 g/t gold and 23.5 g/t silver over 12.00 m plus 3.39% zinc over 1.81 m (AL-11-318) and 1.95 g/t over 18.95 m (AL-11-319), from 20 holes and 6,480 metres testing to beyond 700 m depth.
21 Dec 2011drilling result▲ Good
Underground drilling at the Madsen project in Red Lake extended the 8 Zone about 250 m further down plunge and found depth extensions to the McVeigh Tuff (15.70 g/t over 2.00 m in MUG-11-13, 53.70 g/t over 0.70 m in MUG-11-17). On the strength of it the company approved a 29,000 m programme for 2012 - money going into a second, non-producing asset.
15 Nov 2011drilling result▲ GoodMajor
The widest Santoy Gap intercepts yet - 19.10 g/t over 20.48 m (JOY-11-556) and 12.79 g/t over 20.25 m (JOY-11-555), with 36.51 g/t over 1.72 m and 25.10 g/t over 1.20 m in step-outs. The results were to feed a first Santoy Gap resource in the first quarter of 2012.
11 Oct 2011drilling result● Neutral
The Amisk Gold Project, a 65:35 joint venture with St. Eugene Mining that Claude operates, returned 1.88 g/t gold and 12.4 g/t silver over 24.61 m (AL-11-301) and 0.51 g/t over 89.75 m (AL-11-306) from 18 holes and 5,500 m. Bulk-tonnage grades, an order of magnitude below Seabee's, on a separate 15,400-hectare property.
26 Sept 2011drilling result▲ GoodMajor
Surface drilling at Santoy Gap, on strike from and within 400 m of the producing Santoy 8 mine, expanded the system to over 400 m of strike and beyond 450 m depth: 10.30 g/t over 5.43 m (JOY-11-535), 22.06 g/t over 2.82 m (JOY-11-551) and 49.60 g/t over 1.36 m (JOY-11-554), from 30 holes and 11,000 m drilled in 2011. A third surface rig was added.
6 Sept 2011drilling result▲ GoodMajor
L62 returned 261.28 g/t over 3.6 m true width in U11-638, including 1,563 g/t over 0.5 m, 45 m from the earlier 39.75 g/t hole. Three months after discovery the zone was outlined over 75 m of strike and 300 m of dip, open in all directions, and management said it would materially change Seabee's reserves and production outlook, with development starting in the fourth quarter.
17 Aug 2011drilling result▲ GoodMajor
Follow-up drilling at the new L62 zone returned 39.75 g/t uncut over 10.0 m true width in U11-629, including 528.10 g/t over 0.7 m, plus 8.81 g/t over 4.9 m and 5.33 g/t over 4.8 m. Two of the seven holes were barren, so the zone was not uniform - but the grades were high enough to matter three weeks after discovery.
27 July 2011drilling result▲ GoodMajor
Half-year underground exploration at the Seabee Gold Operation returned 11.47 g/t over 3.7 m true width (U11-617) and 35.79 g/t over 1.2 m (U10-683) at Seabee Deep, 6.18 g/t over 15.1 m (SUG-11-006) at Santoy 8, and first economic grades from a brand-new zone, L62, 200 m from existing underground infrastructure (6.13 g/t over 4.8 m in U11-345). A second rig was moved onto L62.
