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Claude Resources Inc. 200, 224 - 4th Avenue South Saskatoon, Saskatchewan S7K 5M5 Phone (306) 668-7505 Fax (306) 668-7500 |
Toronto Stock Exchange Trading Symbol - CRJ |
| June 18, 2001 | CLAUDE RESOURCES INC. ("CRJ-T") |
Claude Reports Madsen Drill ResultsThe Phase I drilling program of four holes totaling 11,257 feet (3,431 metres) was designed to test the structure and stratigraphy of the target area presumed to host the historic, high-grade #8 Zone. The four holes tested 3,200 feet (975 metres) of strike length along the interpreted trace of the mafic/ultramafic contact and targeted an intercept depth half way between the surface and the known #8 Zone workings. The program was successful in defining a recognizable, grossly repetitive stratigraphy described as similar to the one that hosts the high-grade at Placer Dome’s Campbell mine and the adjacent Goldcorp deposit. While this phase of stratigraphic drilling was not initiated to intersect high-grade targets, a zone tentatively correlated with the #8 Zone was reported in the program’s 4th hole. It averaged 814 parts per billion Au (ppb) over 31 feet (9.45 metres) including a 3.8 foot (1.16 metres) interval that assayed 4.1 grams per tonne Au. This and other geochemically-elevated assay intervals within a restricted corridor bracketing the mafic/ultramafic contact furnish direct evidence of a mineralizing system well within the footwall (2,000 feet or 609 metres) of the Madsen mine. A second phase of drilling that targets the up-plunge projection of the #8 Zone is currently in progress. For further information please contact: Neil McMillan Claude Resources Inc. President (306) 668-7505 Return to Hot News 
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