"Extends High Grade 8 Zone Mineralization 300 feet down Plunge"
TSX - CRJ
NYSE Amex - CGR
SASKATOON, April 21 /CNW/ - Claude Resources Inc. (TSX-CRJ; NYSE
Amex-CGR) today reported new drill results from its 8 Zone underground drill
program at the Madsen Project, Red Lake, Ontario. Drilling continues to
intercept high grade gold mineralization down plunge of the 8 Zone as well as
confirming the development of a sub-parallel Footwall target. The four holes
completed to date suggest that the 8 Zone structure may be improving with
depth as demonstrated by the two deepest intercepts to date returning 0.97
oz/ton over 8.17 feet and 0.75 oz/ton over 25.92 feet.
Hole ID From Au Length Au Length VG
(m) (oz/ton) (ft) (g/t) (m) Noted
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MUG-08-01 883.00 3.71 2.46 127.12 0.75 X
(FW Target) 971.80 0.12 4.70 4.03 1.42
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MUG-09-02b 891.25 0.63 1.48 21.52 0.45 X
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MUG-09-03 915.40 0.97 8.17 33.39 2.49 X
(incl) 1.70 4.10 58.18 1.25 X
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MUG-09-04 909.55 0.75 25.92 25.77 7.90 X
(incl) 4.14 3.12 141.80 0.95 X
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Claude launched Phase 1 of the underground program, from the 10th level
in December 2008, targeting the 8 Zone system with a planned program of 12,000
meters of drilling. The program is designed to test the plunge and strike
extensions of the 8 Zone as well as conceptual targets along the 8 Zone shear
system. The assays reported today confirm the high grade mineralization 300
feet down plunge of historic mine infrastructure and suggests the potential
for the development of parallel lenses. The system remains open down-plunge
and along strike.
"Our continued success in intercepting high grade gold mineralization
associated with abundant visible gold in Phase I of the underground program
supports our belief in the potential of the 8 Zone system and the Madsen
property," stated Brian Skanderbeg, Vice-President Exploration, Claude
Resources Inc.
The 8 Zone consists of visible gold-bearing quartz veins and
silica-flooded, biotite-talc altered basalts proximal to a major ultramafic
contact. In addition, current drilling of the footwall environment suggests
the development of at least one sub-parallell structure hosting gold
mineralization.