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

To: geoffb_si who wrote (294)	1/24/2002 7:45:42 PM
From: Pete	Respond to of 359

I am interested in Claude Resources, and another which I also consider to be undervalued, it is YWO.CDNX. Like Claude they have assembled a number of properties that either have proven tonnage or look highly prospective.

To: geoffb_si who wrote (294)	3/29/2002 11:43:56 AM
From: Gord Bolton	Respond to of 359

Canaccord option This spring could be a very interesting time for many junior golds and CRJ in particular. In case you have not been watching the POG has been climbing fairly steadily in recent times. There are at least two factors in play. There is a perception of economic and political instability. There is potential peril in the stock market and in international relations. During such times people, institutions and governments increase their holdings of gold. In recent years exploration for new gold deposits has been muted by low gold prices and the fall out from BRE-X. There is a potential for significant imbalance between demand and supply in the immediate future. If the POG does go up significantly in the near future it will take years for gold explorers to gear up for exploration, feasibility and approvals, mining licences, financing, plant design and construction etc. Many large producers have already sold much of their future production. China and Japan may trigger significant increase in POG. April 1st, Japan will no longer gaurantee the security of savings deposits at banks above a certain level. Individual Japanese are big savers. Japanese banks are shall we say suspect for liquidity. Many people in Japan have already begun converting their excess savings to gold. This process may accelerate in April. Last one to convert may be the biggest loser. And of course one has to wonder what happens to the banks when so many people begin to withdraw cash to buy gold. China is ecpected to deregulate its gold exchange and allow individual citizens to hold gold other than in jewelery form. For the potential impact of this on the world gold market one may click on the following links. chinaonline.com search.chinadaily.com.cn; gold-eagle.com So why is Canaccord interested in Claude? Seabee In Claude's third quarter 2001, Claude reported signifcant drilling sucess in exploring below their previous workings on the Seabee property. For the last six months Claude has been doing more drilling do define reserves and should make some announcements soon. Last year Claude developed a large stope that turned out to be of lower grade than expected. The poor past results have driven the stock price down. The losses are minimized by running the broken low grade through the mill while developing the high grade ore zone. Claude expects to begin putting the high grade ore through the mill in the 3rd quarted which begins July 1st--only three months away. THe future ore is at least twice and up to four times as rich as historical ore mined at Seabee. This means very good profits from Seabee in the near future. Claude has also been exploring the area around Seabee. I have heard rumours of some success in this area. Amisk/Laural Lake Some time ago Claude announced that they were ready to do a bulk sample and prepare for production from this unit when the POG was right. The Tartan mill is close by, and owned by Claude. Madsen Property Placer Dome may soon announce their exploration plans for this year at Madsen. Last year they drilled four stratographic holes through part of the Madsen property. They did not really expect any high grade intersections. Their purpose was to gain knowledge of the structure as a whole. I previously described this exercise as determining whether the environment was favourable for the existance of elephants and to detect evidence of elephant trails. It is my own understanding that Placer Dome was extremely encouraged by their findings. The Madsen property includes a vast corridor capable of housing numerous elephants similiar to other Red Lake high grade elephants. It is also my understanding that Placer Dome will sink several holes below the known high grade #8 zone at Madsen. They will then employ high tech directional drilling and shives to intersect the #8 zone at various levels from the same main hole or holes. I am willing to bet that there will be some high grade intersections to report from Madsen this spring. In addition to the high grade excitement there is reason to believe that there are vast areas of lower grade sulphide ore at Madsen which could be mined very profitably at slightly higher gold prices. There is a fully operational mill on the Madsen property which is still 100% owned by Claude. Other In addition to SeaBee, Madsen and the advanced Amisk/Laural Lake gold properties, Claude has producing oil and natural gas properties, an interest via shares in the Shore Gold Star Kimberlite property, a royalty on the Rottenstone PGE property which Uravan has optioned to BHP and some 30 other properties which have potential for economic deposits. Canacord has wisely obtained an option to buy 7.5 million shares of Claude should POG and exploration plans work out. Claude will have ready access to cash should conditions call for immediate production of lots of gold at good prices.

To: geoffb_si who wrote (294)	3/31/2002 10:05:23 PM
From: Gord Bolton	Read Replies (1) \| Respond to of 359

Canaccord pumping CRJ as a stock to watch on the radio. Peter Chandler was the fellow from Canaccord being interviewed.

To: geoffb_si who wrote (294)	4/14/2002 11:46:10 PM
From: Gord Bolton	Respond to of 359

Claude Announces Madsen Exploration Program SASKATOON, SK, April 12 /CNW/ - Claude Resources Inc is pleased to announce that Placer Dome (CLA) Canada has tabled its 2002 work program and confirmed a May starting date on the Madsen (Red Lake) property optioned from Claude. With a $1.2 million commitment and a proposed drill program of approximately 10,000 meters in two phases, Placer intends to aggressively pursue several target areas with the potential to host high-grade lode gold. Using its 2001 drill data as a platform, Placer has identified five targets at or near the Balmer assemblage mafic/ultramafic contact that may represent the northeast extension of the system hosting the high-grade No. 8 Zone. Diamond drilling in 2001 successfully established the trace of the host stratigraphy to the northeast of the mine. Further, it encountered significant alteration, structure and modest gold values. Surface fieldwork, including ground traverses, soil and mobile metal ion (MMI) geochemical sampling, has identified a number of prospective targets. Integrating these anomalies with reinterpreted airborne magnetic and derivative data plus digital terrain mapping shadow plots, has further refined Placer's ability to vector in on a number of high quality targets to be tested in 2002. Several of the targets identified possess geological settings either very similar or identical to the setting of the No. 8 Zone. The combination of favourable stratigraphy, structure and elevated gold values makes these targets priorities for Placer Dome's 2002 exploration program on the Madsen property. Placer may earn a 55% interest in the Madsen property by delivering a bankable feasibility study on or before November 2006. %SEDAR: 00000498E -30- For further information: Neil McMillan, President, Philip Olson, Vice President, Exploration, Phone: (306) 668-7505; newswire.ca

To: geoffb_si who wrote (294)	4/15/2002 12:40:12 AM
From: Gord Bolton	Read Replies (4) \| Respond to of 359

From the local rag. Gold giant Placer Dome to explore on Claude land Joanne Paulson Saskatoon StarPhoenix The major gold producer Placer Dome will embark on a $1.2-million exploration program at Claude Resources Inc.'s Ontario gold property in May, the Saskatoon-based company said Friday. Claude owns the Madsen property in the Red Lake gold district of Ontario, but has entered an option agreement with Placer Dome to speed up development of the property. Placer Dome plans to conduct at least 10,000 metres of exploration drilling in two phases, with the intention of proving up high-grade gold resources. This will probably result in 30 to 40 holes being drilled, said Claude president Neil McMillan, who hopes to see the results early this summer. Last year, Placer Dome identified five targets that may represent an extension of the high-grade zone dubbed No. 8. Drilling in 2001 established that the zone continued to the northeast of the existing Madsen mine. Some of the targets are geologically similar or identical to the mineralization at the world-class GoldCorp and Campbell mines in the Red Lake district, said Claude. "Both Claude and Placer are enthusiastic about the potential for this program to identify high-grade ore resources similar to those found at those two great mines," said McMillan in an interview. Gold production at Madsen was shut down in late 1999 because of poor gold prices. Claude decided at the time that more gold resources had to be identified for the long-term viability of the mine. Placer then came in as a potential partner in developing the mine. In its agreement with Claude, Placer Dome can earn a 60 per cent share of Madsen by spending $8.2 million over three years on exploration, and delivering a bankable feasibility study by November 2006. Claude shares are traded on the Toronto Stock Exchange under the symbol CRJ. Shares closed Friday at $1.30, up three cents from Thursday, but well up from 53 cents a share at the start of the year. © Copyright 2002 Saskatoon StarPhoenix canada.com