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Gold/Mining/Energy : Claude Resources TSE.CRJ Undervalued Junior Gold Anyone? -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (253)	12/16/2000 5:50:58 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 359

Placer Dome to Proceed at Claude's Madsen Red Lake Project CALGARY, Dec. 15 /CNW/ - Placer Dome, after due diligence, has elected to proceed with the option agreement with Claude Resources on Claude's 10,000 acre, 100% owned Madsen Red Lake and adjoining exploration property. Placer Dome can earn a 55% interest in the property by spending CDN $8.2 million in the first three years and delivering a positive bankable feasibility study over the following 2 years. Placer Dome is planning an aggressive program of surface drilling in two phases to evaluate the No. 8 zone both along strike and at depth. A total of 36,000 feet of drilling is envisaged in 2001. The initial phase of drilling, comprising approximately 15,000 feet, is planned to begin in early January, 2001. As a result of electing to participate, Placer Dome has subscribed for 1,000,000 treasury shares of Claude at CDN $0.75 per share. %SEDAR: 00000498E -30- For further information: Neil McMillan, President, Phone: (306) 668-7505