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 (203)	5/11/1999 1:47:00 PM
From: Gord Bolton	of 359

CURRIE ROSE RESOURCES INC. ("CUI-V;CUIRF-L") CLAUDE RESOURCES INC ("CRJ-TY;CLADF-L") - Claude Finishes Drill Program On Currie Rose Property Harold Smith, President of Currie Rose Resources Inc. (the "Company"), announces that Claude Resources Inc. (Claude), has recently finished its winter drill program on its Currie Rose property (Claude's 100% ownership subject to a 30% net profits interest to currie Rose Resources Inc.) that envelopes Claude's Seabee mine leases in northern Saskatchewan. The Seabee operation is a 700 tonnes per day gold mine and milling complex that has been in continuous production since 1991. The winter drilling program consisted of 49 surface exploration holes totaling 5800 metres. Significant results were achieved on two targets that lie approximately 300 metres southwest of the active mine workings. The first significant result was the coring of an interval grading 34.7 gpt Au (grams per tonne Au) over 1.5 metres (true width) on splay of a structure referred to as the 44 Vein. Follow-up drilling resulted in modest grades (1-2 gpt Au) over comparable widths. The continuity of structure and mineralization is encouraging and warrants further work. Holes S 716 and S 727 identified a high grade elliptical lens at the junction of the R and S Veins on Laoni Island. Hole # From (metres) To (metres) Width (metres) Assay GPT Au S 716 30 47.5 17.5 8.30 S 727 15 35.2 20.2 5.03 Gold values over true width. This mineralized structure is viewed by Claude's management as very encouraging. Comparable structures at the Seabee mine typically show substantial improvement in both size and grade with depth. In addition to these surface drill intervals, an underground hole to test a splay of the main 2 Vein structure intersected a true thickness of 1.3 metres that assayed 34.1 gpt Au (cut). This strongly sheared, mineralized quartz vein, referred to as the 2d Vein, is 200 metres west of the active stoping area on the main 2c Vein structure and is 160 metres below the present workings on the 2d Vein. Further drilling is planned to determine the significance of this high grade intersection. Claude intends to aggressively explore the potential indicated by the aforementioned surface and underground drill intersections. To date, over $1.8 million of gold has been mined off the Currie Rose property and credited toward underground development and exploration costs of approximately $8.6 million. Claude Resources Inc. has been very successful in lowering the operating costs at the Seabee mine for 1998. The cash costs were US$168 per oz. Currie Rose has a 30% net profit interest in 11,000 acres surrounding the Seabee Mine. This will certainly be a benefit to Currie Rose as mining progresses. TEL: (905) 688-9115 Harold Smith, President FAX: (905) 688-5615 ______________________________________

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