Claude Resources Intercepts More High Grade Gold at Madsen Fork Zone
Toronto Stock Exchange Trading symbol - CRJ
AMEX - CGR
"Claude Intercepts 31.03 g/tonne over 2.70 meters (0.90 oz/t over
8.86 feet)"
SASKATOON, Dec. 11 /CNW/ - Claude Resources Inc. (TSX-CRJ; AMEX-CGR)
today reported on its most recent gold exploration results from the Fork Zone
area of the Madsen property located at Red Lake, Ontario. The highlights of
assay results include:
Hole ID Grams / Length Ounces / Length
------- Tonne (m.) Ton (ft.)
------- ------ -------- -------
RUM-08-41 12.98 1.12 0.38 3.67
RUM-08-52 31.03 2.70 0.90 8.86
RUM-08-66 31.37 1.00 0.91 3.28
Including 125.19 0.25 3.64 0.82
RUM-08-68 49.83 1.30 1.45 4.27
The most recent Fork Zone assays continue to identify significant zones
of gold mineralization and augment prior drilling results in which Claude
Resources intercepted 17.32 g/t over 10.33 metres (0.61 oz./t over 33.89 ft.)
as announced in an April 16, 2008 media release.
The current geological interpretation of the Fork Zone has identified at
least two sub-parallel, moderately southeast-dipping shear systems that host
southwest plunging ore-shoots. The mineralized shear systems have been
intercepted over a strike length in excess of 450 meters and they remain open
along strike and at depth.
The Fork Zone is located only 500 meters from underground infrastructure
at the Madsen mine and mid-way between the Starratt-Olsen and Madsen mines.
"The multiple, sub-parallel lenses, proximity to established infrastructure
and shallow depth of the system are encouraging for the continued expansion of
the high grade resources associated with the Mafic/Ultramafic trend," says
Brian Skanderbeg, Vice President Exploration at Claude Resources Inc.
A longitudinal section of the Fork Zone, location map on the Madsen
exploration property and the full Fork Zone exploration results to date are
available on the Claude Resources website at www.clauderesources.com.
Brian Skanderbeg, P.Geo. and M.Sc., Claude's Vice-President Exploration,
is the Qualified Person who has reviewed and approved this news release. Drill
core was halved and samples averaging 1.0 to 1.5 meters were submitted to
Accurassay Laboratories in Thunder Bay, Ontario, an ISO approved facility.
Rigorous quality assurance and quality control procedures have been
implemented including the use of blanks, standards and duplicates (1 in 20
samples). Core samples were analyzed by a 30 gram gold fire assay with an
atomic absorption, conventional gravimetric and/or screen fire techniques.
Intercepts are reported as drilled widths and range from 65% to 90% of true
widths. Composite intervals were calculated using a 3.00 g/t cut-off and may
include internal dilution.
Claude Resources Inc. is a public company based in Saskatoon,
Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX-CRJ) and
the American Stock Exchange (AMEX-CGR). Claude is a gold exploration and
mining company. The Company's entire asset base is located in Canada. Since
1991, Claude has produced approximately 830,000 ounces of gold from its Seabee
mining operation in northeastern Saskatchewan. The Company also owns 100% of
the 10,000 acre Madsen property in the prolific Red Lake gold camp of
northwestern Ontario.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements relating
but not limited to the Company's expectations, intentions, plans and beliefs.
Forward-looking information can often be identified by forward-looking words
such as "anticipate", "believe", "expect", "goal", "plan", "intent",
"estimate", "may" and "will" or similar words suggesting future outcomes or
other expectations, beliefs, plans, objectives, assumptions, intentions or
statements about future events or performance. Forward-looking information may
include reserve and resource estimates, estimates of future production, unit
costs, costs of capital projects and timing of commencement of operations, and
is based on current expectations that involve a number of business risks and
uncertainties. Factors that could cause actual results to differ materially
from any forward-looking statement include, but are not limited to, failure to
establish estimated resources and reserves, the grade and recovery of mined
ore varying from estimates, capital and operating costs varying significantly
from estimates, delays in obtaining or failures to obtain required
governmental, environmental or other project approvals, inflation, changes in
exchange rates, fluctuations in commodity prices, delays in the development of
projects and other factors. Forward-looking statements are subject to risks,
uncertainties and other factors that could cause actual results to differ
materially from expected results.
Potential shareholders and prospective investors should be aware that
these statements are subject to known and unknown risks, uncertainties and
other factors that could cause actual results to differ materially from those
suggested by the forward-looking statements. Shareholders are cautioned not to
place undue reliance on forward-looking information. By its nature,
forward-looking information involves numerous assumptions, inherent risks and
uncertainties, both general and specific, that contribute to the possibility
that the predictions, forecasts, projections and various future events will
not occur. Claude Resources undertakes no obligation to update publicly or
otherwise revise any forward-looking information whether as a result of new
information, future events or other such factors which affect this
information, except as required by law.
%SEDAR: 00000498E
%CIK: 0001173924
For further information: Brian Skanderbeg, Vice President Exploration, Claude
Resources Inc., Phone: (306) 668-7505, or Neil McMillan, President & CEO,
Claude Resources Inc., Phone: (306) 668-7505, Email:
clauderesources@clauderesources.com, Website: www.clauderesources.com
.
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PRODUCTEUR |
CODE : CRJ.TO |
ISIN : CA1828731093 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
Claude Resources est une société de production minière d'or basée au Canada. Claude Resources détient divers projets d'exploration au Canada. Son principal projet en production est SEABEE au Canada, son principal projet en développement est SANTOY 8 au Canada et ses principaux projets en exploration sont PORKY LAKE, SANTOY 7 et AMISK LAKE GOLD au Canada. Claude Resources est cotée au Canada et aux Etats-Unis D'Amerique. Sa capitalisation boursière aujourd'hui est 116,2 millions (90,7 millions US$, 79,9 millions €). La valeur de son action a atteint son plus haut niveau récent le 22 novembre 1996 à 3,10 , et son plus bas niveau récent le 29 novembre 2013 à 0,12 . Claude Resources possède 47 442 200 actions en circulation. |