"Extends 8 Zone Mineralization 450 Feet Down Plunge"
TSX - CRJ
NYSE Amex - CGR
SASKATOON, June 29 /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 demonstrate down
plunge continuity of the 8 Zone as well as confirming the high grade nature of
the system, with all five holes completed to date having intercepted
significant amounts of visible gold.
Hole ID From Au Length Au Length VG
(m) (oz/ton) (ft) (g/t) (m) Noted
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MUG-09-05(x) 943.51 0.71 11.45 24.30 3.39 X
(incl) 1.81 4.00 62.09 1.22 X
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MUG-08-01 883.00 3.71 2.46 127.12 0.75 X
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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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(x) New assay results. Note that hole MUG-09-05 was lost while within 8
Zone mineralization.
Claude launched Phase 1 of the underground program, from the 10th level
in December 2008, targeting the 8 Zone system. 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 450 feet down plunge of historic mine infrastructure. The
system remains open down-plunge and along strike.
"Drilling to date has been slower than anticipated due to the necessity
of wedging and directional drilling as well as challenging drilling
conditions. That being said, we are extremely pleased with these results, they
demonstrate the tenor of the system and potential of the Madsen Property as a
whole," stated Brian Skanderbeg, Vice-President Exploration, Claude Resources
Inc.
The Company added a surface drill rig with 6,000 foot depth capacity. The
first priority of the surface program is to focus on testing the up-plunge and
western strike extension of the 8 Zone.