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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 (270)	1/21/2001 3:46:18 PM
From: Gord Bolton	Respond to of 359

From the local rag--about a month ago. Tuesday, December 19th, 2000 Placer Dome to explore Claude’s Madsen land By Joanne Paulson SP Business Editor Placer Dome will begin exploration at Claude Resources Inc.’s Madsen property early in the new year, after completing due diligence on the property Dec. 15. In November, Claude announced it had entered into an option agreement with Placer Dome subject to due diligence, to speed the development of Claude’s 10,500-acre gold property in Ontario’s Red Lake district. Under the agreement, Placer Dome has an option to earn a 55 per cent interest in the property by spending $8.2 million on exploration over the next three years, and by providing a bankable feasibility study in the following two years. Placer Dome must spend a minimum of $1.2 million in the first year and $1.5 million in the second year, under the terms of the agreement. The larger company can also earn another five per cent interest by paying for Claude’s share of infrastructure costs once the property is under development. Placer Dome will also purchase one million treasury shares of Claude at 75 cents Cdn per share. Claude president Neil McMillan said due diligence was completed without a hitch. they’ve been working with us since January . . . so they were pretty sure there were no problems’ he said. Placer plans to start a major surface drilling program immediately in the new year to test the No. 8 zone, a high-grade structure known to exist on the property, said McMillan. The value of that program has not been released. Placer has stated it is going to be very aggressive in exploring the Madsen property, which McMillan interprets as meaning the company may spend more than the minimum in the first year. “It’s hard to imagine that we could have entered into a better relationship than we did with Placer Dome said McMillan. "The terms of the deal were extremely good, and we expect our ongoing relationship with Placer to be a partnership.”

To: Enigma who wrote (270)	1/21/2001 4:11:52 PM
From: Gord Bolton	Respond to of 359

How about some deep holes on the Star Kimberlite in which Claude has an interest? (900,000 shares) biz.yahoo.com Related Quotes SGF.V 0.75 +0.24 Friday January 19, 10:05 am Eastern Time Press Release SOURCE: Shore Gold Inc. Shore Gold Inc. - Star Kimberlite Project- Drill Program Update - Star 020 Intersects a Spectacular 539 Metres of Kimberlite Stock Symbol: SGF: CDNX SASKATOON, Jan. 19 /CNW/ - Jonathan Challis, President, is pleased to report that a further four NQ sized diamond drill holes have now been completed as part of the 2000/01 Phase Two drill program. This part of the program is designed to test the continuity of the kimberlite body outside the existing defined boundaries of the deposit, as well as to provide additional geological information on certain areas within the drill defined kimberlite structure where geophysical modeling indicated possible locations for the diatreme/root portion of the Star Kimberlite. Results for the first three holes of this program (Star 017, 018 and 019) were given in a news release dated January 16th. The fourth hole, Star 020 was collared approximately 150 metres west of Star 004, intersecting 539.4 metres of kimberlite and was terminated in kimberlite at a depth of 627 meters. This represents the thickest intersection of kimberlite ever drilled in Saskatchewan and North America. It would appear (following a preliminary logging of the core) that Star 020 has been drilled into a feeder zone of the pipe as evidenced by diatreme lithologies and abundant large, mantle derived xenoliths, pyrope and ecologitic garnets. The core displays uniform diatreme textures throughout the lower portions of the hole. Shore is very excited by this intersection and its characteristics; and the implications for the potential of the area and the Star Kimberlite in particular. As a result of this spectacular intersection, the Company now plans to drill additional holes in the vicinity of Star 020, including at least one PQ sized hole (3.35 inch diameter) to better define the dimensions of the feeder zone and to collect a larger sample for diamond extraction studies. The fifth hole, Star 021 was collared approximately 750 metres southeast of hole 96-4 to test a structure that did not appear to be part of the main Star Kimberlite body and intersected 1 metre of kimberlite. Star 022 and 023 were collared approximately 125 metres east of Star 007 and 200 meters south of Star 013, (within the main body) intersecting 126.2 metres of kimberlite and 90.5 meters of kimberlite, respectively. The Star Kimberlite is located 60 km east of Prince Albert, Saskatchewan in one of the largest diamond-bearing kimberlite fields in the world. Shore is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of the Company trade on the Canadian Venture Exchange under the trading symbol "SGF". "The Canadian Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release" For further information Canada: Kenneth E. MacNeill, CEO, (306) 664-2202 Europe: Jonathan Challis, President, 011-44-1732-465174

To: Enigma who wrote (270)	1/25/2001 12:30:45 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 359

Wednesday January 24, 9:10 am Eastern Time Press Release Rubicon To Commence Drilling At McCuaig Gold Project, Red Lake, Ontario VANCOUVER, BRITISH COLUMBIA--David W. Adamson, President and CEO of Rubicon Minerals Corporation (RMX.CDNX) is pleased to announce that a 1750 metre diamond drilling program is to commence early in February at the strategically located McCuaig project at Red Lake, Ontario. The McCuaig gold project consists of 10 claim units located immediately north of the past-producing Mackenzie Mine (600,000 ounces past gold production at 0.288 oz/ton Au), approximately 1.2km northwest of Goldcorp's Cochenour Mine (1.2 million ounce past gold production at 0.56 oz/ton Au) and immediately to the east of the Rubicon's extensive RLJV property. The McCuaig project also lies on, and at the western end of, the prolific Mine Trend, which has produced more than 15 million ounces of gold and which includes the Placer Dome's world-class Campbell (past production of over 10 million ounces of gold - 262,015 oz of gold production in 1999 at a cash cost of US$145) and Goldcorp's Red Lake Mines (2.3 million ounces of gold reserves at 1.37oz/ton, cut; projected total cash cost US$137/oz). The McCuaig drill program will consist of 6 to 9 NQ diamond drill holes directed at key targets identified by Rubicon over the past two years. Targets include the northwest part of Mackenzie Island, where intensely altered and gold-bearing ultramafic rocks are associated with shear zones and well-developed quartz veins. Mapping conducted during 2000 has identified an ultramafic/mafic contact that, by analogy with the world-class Campbell-Red Lake gold deposits, represents the key setting for high-grade gold deposits in the district. Other targets include the southeast portion of the property where surface sampling during 2000 returned high-grade gold in quartz veins in metasediments which contain up to 59.18 g/t Au over 0.34 metres. Drilling will test for possible gold-bearing structures within the mafic-ultramafic sequence underlying these veins. By carrying out this drill program, Rubicon will exceed the expenditure requirements of its underlying agreement with Golden Tag Resources. In so doing, Rubicon will have earned a 50% interest in the project. At this time, a Joint Venture between Rubicon and Golden Tag will be created in which Rubicon will be operator provided it maintains a minimum 50% interest in the project. Results of the diamond drilling will be released at the completion of the program. Rubicon Minerals Corporation is a Canadian mineral exploration company based in Vancouver, British Columbia. Rubicon has a joint venture with AngloGold in the Red Lake gold district, Ontario, a strategic alliance with Billiton on the Point Leamington and Lewis Lake base metal projects, Newfoundland, and a 100% interest in the Palmer base metal project near Haines, Alaska. RUBICON MINERALS CORPORATION David W. Adamson, President & CEO -------------------------------------------------------------------------------- Contact: Rubicon Minerals Corporation David W. Adamson President & CEO (604) 623-3333 (604) 623-3355 Email: rubicon@rubiconminerals.com Website: rubiconminerals.com biz.yahoo.com