Friday 28th October 2016

Resource Clips

Claude, St Eugene report Sask Results of 6.24 g/t Gold, 23.5 g/t Silver over 12m

Resource Clips - essential news on junior gold mining and junior silver miningClaude Resources Inc TSX:CRJ in joint venture with St Eugene Mining Corp Ltd TSXV:SEM announced assays from their Amisk Gold Project in northeast Saskatchewan. Highlights include

6.24 g/t gold and 23.5 g/t silver over 12 metres
(including 62 g/t gold and 224 g/t silver over 1.2 metres)
0.6 g/t gold and 4 g/t silver over 71.7 metres
(including 1.64 g/t gold and 11.8 g/t silver over 14 metres)
1.95 g/t gold and 14.9 g/t silver over 19 metres
(including 7.38 g/t gold and 57.7 g/t silver over 3 metres)
1.28 g/t gold and 8.5 g/t silver over 21 metres
0.98 g/t gold and 7.1 g/t silver over 32 metres
(including 8.95 g/t gold and 39.7 g/t silver over 1 metre)
1.37 g/t gold and 5.7 g/t silver over 16.5 metres
(including 5.28 g/t gold and 22.4 g/t silver over 3 metres)

Claude currently holds a 65% interest in Amisk and acts as project operator. As of December 31, 2011, Claude held an approximate 9.7% interest in St. Eugene. Claude and St Eugene have entered into a definitive agreement in which Claude will acquire St Eugene’s remaining shares. On approval by St Eugene shareholders, the transaction is expected to close by January 24, 2012.

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Claude Resources Inc
Brian Skanderbeg
VP of Exploration
or Marc Lepage
IR Manager

St Eugene Mining Corp Ltd
Jennifer Boyle

by Greg Klein

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