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

To: Claude Cormier who wrote (260)	1/12/2001 3:51:38 PM
From: Gord Bolton	Read Replies (2) \| Respond to of 359

It is my understanding that the first four deep holes from surface will be testing geological structure. That will take some time and of course they will try to build a model and plan a further drill program from there. I expect that we will hear news from the SeaBee area and or Amisk/Laural Lake area before anything material comes from Red Lake --- barring a chance high grade intersection. The Madsen property has the potential to become one of the best gold properties in North America. The participation of Placer Dome will ensure that it gets tested thoroughly and developed properly. You might be interested to know that the existing mill at Madsen was not included in the JV agreement. It would likely be much too small for the potential development. CRJ may have other uses for it elsewhere!