Claude Resources Inc. (AMEX: CGR) have provided an update for the exploration program at the Madsen Project. The project is located in the Red Lake gold camp in northwestern Ontario. Phase I deep drilling of the 8 Zone Trend was completed in the beginning of October. For the remainder of the year through the second quarter of 2010 the company will test surface targets in the Madsen Mine Trend and the 8 Zone Trend. With the completion of phase I drilling the company will now focuses on 8 Zone and Madsen Mine Trends targets.
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About Claude Resources
Claude Resources Inc. is a public company based in Saskatoon, Saskatchewan, whose shares trade on the Toronto Stock Exchange (TSX-CRJ) and the NYSE Amex (NYSE Amex-CGR). Claude is a gold exploration and mining company with an asset base located entirely in Canada. Since 1991, Claude has produced approximately 865,000 ounces of gold from its Seabee mining operation in northeastern Saskatchewan. The Company also owns 100% of the 10,000 acre Madsen property in the prolific Red Lake gold camp of northwestern Ontario.
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