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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 (173)3/4/1999 8:55:00 PM
From: Gord Bolton  Respond to of 359
 
November 4th, 1998-Third Quarter Report

EXPLORATION

Mapping and prospecting efforts focussed on the area around and to the
east of the Seabee Mine. Working the Currie Rose and Santoy properties, crews
developed the geological famework of the known vein systems and successfully
uncovered a number of new gold-bearing veins. Further testing by a
combination of geophysical surveys and diamond drilling awaits winter road
access.
A number of targets on the Madsen property were explored and drilled
during the quarter. The most significant results of the program were
encountered in the McVeigh zone which lies parallel to the existing mine
workings. The structure has been traced on surface for over 2,000 metres.
Underground development on this structure will begin in October and is
expected to provide feedstock for the mill in the first quarter of 1999.