GOLD EXPLORATION: Madsen Deep results include 26 g/t over 7.9 metres

ONTARIO - Claude Resources of Saskatoon continues to intercept high-grade gold mineralization at its Madsen project...

ONTARIOClaude Resources of Saskatoon continues to intercept high-grade gold mineralization at its Madsen project near Red lake. The down plunge of the 8 zone seems to be improving with depth. Diamond drilling returned 33.39 g/t Au over 2.49 metres from a depth of 915 metres, including a 1.25-metre section that assayed 48.18 g/t Au. Another hole returned 25.77 g/t over 7.90 metres at approximately 910 metres.


The results are part of the 12,000-metre, Phase 1 underground program targeting the 8 zone system that was launched from the 10th level in December 2008. The program is designed to test the plunge and strike extensions of the zone as well as conceptual targets along the 8 zone shear system. The recent assays confirm the high-grade mineralization 100 metres down plunge from the historic mine infrastructure and suggests the potential for the development of parallel lenses, said Claude. The system remains open down plunge and along strike.


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 subparallel structure hosting gold mineralization. This footwall structure has been intercepted by three drill holes and is characterized by fine disseminated arsenopyrite and quartz-carbonate veining within chlorite-biotite-actinolite altered basalt.


A Madsen property location map, schematic cross-section, 8 zone longitudinal section showing current and historic drilling as well as core photographs are available on Claude's website


The Madsen mine produced 2.4 million oz of gold between 1938 and 1976. The property includes a 500-t/d mill, 1,220-metre shaft and permitted tailings management area.


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