Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : A "A" list of JR gold mining companies -- Ignore unavailable to you. Want to Upgrade?

To: ForYourEyesOnly who wrote (103)	10/3/1998 9:54:00 AM
From: Gord Bolton	Read Replies (1) \| Respond to of 169

Corporate Profile Claude Resources Inc. is a mature and successful gold mining and oil and gas company trading on the Toronto Stock Exchange. The Company has a strong balance sheet, experienced management and an attractive mix of long-term revenue generating assets. These critical strengths provide a solid base for future corporate expansion. Claude's principal asset has been the Seabee gold mine located 125 kilometres northeast of La Ronge, Saskatchewan. This 100% owned and operated mine is in its seventh year of production and has produced over 300,000 ounces of gold. On April 6, 1998, Claude acquired Madsen Gold Corp. located in the prolific Red lake gold camp in northwestern Ontario. This 10,000 acre (4,000 hectares) property produced 2.8 million ounces before being closed in 1976. The Company expects to place the mine into commercial production in the second half of 1998 with annualized production of 50-60,000 ounces. The combined production from the two mines of 100-120,000 ounces annually will establish Claude as a solid "intermediate" gold producer. Both mines are narrow vein, high grade underground operations with mining operations performed by Claude's subsidiary, Centaur Mining Contractors Corporation. Each of the mines has approximately 1 million tonnes of proven, probable and possible reserves with significant upside potential. The Seabee mine is currently one of the lowest cost producers in North America and the two mines, combined should have cash costs in the U.S. $220/oz range. Claude's 100% owned Currie Rose property, (subject to a 30% net profits interest), surrounds the producing Seabee property. This 11,000 acre (4,500 hectare) land position is the Company's most advanced exploration property. During the past 3 years, extensive prospecting and drilling programs provide assurance that existing structures currently being mined at Seabee extend onto the Currie Rose property. Access drifts and stoping, combined with surface and underground drilling programs during 1998, are expected to provide feedstock for the Seabee mine commencing in 1999. Claude's Amisk/Laural Lake gold project, optioned from Cameco Corp. and Husky Oil, is located 25 kilometres west of Flin Flon, Manitoba. This advanced exploration project is a 46,400 acre (18,800 hectare) land position hosting numerous targets. Additional drilling with a possible underground bulk sample is planned during 1998. In addition to the Company's mineral properties, Claude owns interests in several large oil and natural gas properties, most of which are located in the province of Alberta. The 1,000 barrels of oil and gas equivalent being produced per day from these properties currently results in some $8 million a year in revenues and $1.8 million cash I started a new thread on October 2nd, 98 for more info. clauderesources.com Claude doesn't get much promotion and has lately traded very lightly. Share Price has not responded yet to POG. Grab some for a quick %33 rise.

To: ForYourEyesOnly who wrote (103)	10/4/1998 10:02:00 PM
From: Claude Cormier	Read Replies (4) \| Respond to of 169

<< ... DROOY, FN, GRERF, GSR, PAASF, RANGY & SSRIF >> I like the SA golds...but only if we have a new bull. If the bear resume, DROOY and RANGY are in much bigger trouble than many of the North Americans. FN...solid. PAASF... Russia ? If it works out..then PAASF will be a stellar performer. SSRIF ....looks better now at this low prices. Russia really hurted them. GRERF ?? Aren't they still in a legal dispute on their major Central America property ??? GSR...really don't like this one...IMO, it has always been over-promoted. But maybe now is an excellent value. I should check the numbers. The key to most juniors and seniors is of course the price of the metals. Thanks god there are a few that could explode even with lower metal prices.