Claude Resources TSE.CRJ Undervalued Junior Gold Anyone? Message Board

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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone?

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To: Enigma who wrote (124)	1/10/1999 7:19:00 PM
From: Gord Bolton	Read Replies (2) of 359

Dated, yet timely. P.O. Box 1134 Telephone: 905-688-9115 80 King Street Facsimile: 905-688-5615 St. Catharines, Ontario Email: crose@niagara.com L2R 7A3 NEWS RELEASE TRADING SYMBOL: CUI.V May 12, 1998 Harold Smith, President is pleased to announce the company has been informed by Claude Resources that processing of Currie Rose Resources ore will begin in January of 1999. Claude Resources is presently drifting on the 2C structure at the 110 meter level, 190 meter level and 290 meter level on the Currie Rose Resources side of the boundary zone. Over the next few months they will continue with the underground development in preparation for mining the ore. The 2C structure extends onto the Currie Rose Resources property from where Claude Resources is presently mining. As previously reported, hole S594, drilled last year on the boundary zone, was 0.699 oz Au/ton over a true width of 43.9 feet. The 2C structure is open at strike and depth. Currie Rose Resources has a 30% Net Profit Interest. Once Currie Rose Resources receives one million dollars in any year, Net Profit Interest is then 25% for the balance of that year. Over the past year, Claude Resources has installed a shaft and hoist and increased the mill capacity to 700 tonnes per day. Claude Resources is now producing at a cash cost of $208.00 oz (US). ON BEHALF OF THE BOARD OF DIRECTORS CURRIE ROSE RESOURCES INC. Harold Smith, President The Vancouver Stock exchange has neither approved nor disapproved the contents of this news release.

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