3SOF

Today's movement and AH news release

Claude Resources Inc. reports bulk sampling progress
Monday February 26, 5:06 pm ET

Toronto Stock Exchange Trading symbol - CRJ AMEX - CGR
SASKATOON, Feb. 26 /CNW Telbec/ - Claude Resources Inc. is pleased to provide an update on its Santoy 7 and Porky Lake bulk sample projects, both of which are "satellite" deposits to the Seabee gold mine in Saskatchewan, Canada.
The Santoy 7 project is located 11 kilometres (7 miles) east of Claude's Seabee gold mill and is accessible by an all-weather road from the Seabee mine site.

Ramp access has been developed and as of February 26, 2007, 45 rounds (135 metres) of ore have been extracted from the mineralized structure 40 metres below surface. Multiple samples (chips and mucks) are collected and assayed after each round. The samples collected to date indicate an estimated grade of 12.62 grams per tonne (0.41 ounces per tonne) with a "top cut" of 48.2 grams per tonne. Without "cutting", average grade is 13.6 grams per tonne (0.44 ounces per tonne). Samples were assayed by Claude Resources' assay lab at the Seabee mine site (not accredited). Check assays are conducted at site as well as at TSL Laboratories in Saskatoon and results are consistent with those reported.

Claude Resources previously reported a 43-101 compliant resource calculation in the March 1, 2006 press release "Claude Resources Plans Major Drill Program in 2006", and is available on the Company's website at www.clauderesources.com. That report identified a resource of 200,000 tonnes at 8.50 grams per tonne (0.27 ounces per tonne) at Santoy 7.

Up to 15,000 tonnes will be milled from Santoy 7 by the second quarter of 2007. Subject to positive bulk sample results and successful mine permitting, Santoy 7 ore may contribute to Seabee mine production in the second half of 2007. The Company is currently diamond drilling a further 40 exploration holes at Santoy 7 to better define a geological model and to expand the resource.

The Porky west project located 6.8 kilometres (4 miles) from the Seabee mill has had some preliminary bulk sampling work done as well. A decline was driven to access the top, lower grade portion of Porky west on both the 45 metres and 65 metre levels. Approximately 4,500 tonnes were mined from the 45 metre level at 3.76 grams per tonne (0.12 ounces per tonne) and about 2,500 tonnes were mined from the 65 metre level at 5.61 grams per tonne (0.18 ounces per tonne). A total of 7,500 tonnes were processed in the mill at 3.69 grams per tonne (0.12 ounces per tonne) with a 95.5% recovery rate. The discrepancy between mined grade and milled grade is a result of inadvertent dilution from low grade waste piles.

A 43-101 compliant resource on Porky west was also reported in the March 1, 2006 press release and identified 220,000 tonnes at 5.95 grams per tonne (0.19 ounces per tonne) in the resource category.

Additional bulk sampling will be performed on Porky west from the 65 metre level and below where previous diamond drilling indicated grade improving with depth. Timing of additional bulk sampling will be dependant on Porky west's merits relative to Santoy 7, Santoy 8 and the newest exploration project at Don's Lake, 5 kilometres (3 miles) east of the Seabee mill.

The Santoy 7, Santoy 8, Porky Lake and Don's Lake exploration programs are under the direction of qualified person Judy Stoeterau, P.Geo, Vice President Exploration of Claude.

Claude Resources has three surface drills currently operating at Seabee with a Cdn. $5.2 million exploration budget.

Claude Resources Inc.'s focus is gold exploration and mining. In addition to Claude's Seabee gold mine the Company owns the Madsen exploration project in Red Lake, Ontario, Canada, a 10,000 acre property with a mill, shaft and permitted tailings facilities. The Company also owns oil and gas assets producing about 500 barrels of oil equivalent per day.

The Company has 76.3 million common shares outstanding (82.0 million fully diluted) and is listed on the Toronto and American Stock Exchanges (TSX - CRJ; AMEX - CGR).

Quote from: dhiraj19 on February 19, 2007, 05:09:06 PM
Please see the attached graph for movement and a question for the community to answer?

Quote from: setravis on February 13, 2007, 08:53:01 PM
Making a turn for the better!
Get in and enjoy the ride until it stops! JMHO.......

52wk Range: 0.89 - 1.72
Volume: 726,557
Avg Vol (3m): 224,838

Pasted from my etrade account:

Claude Resources Tgt Upped To US$2.15 From US$1.90: Natl Bk>CGR

Feb 28, 2007 09:31:00 (ET)

(END) Dow Jones Newswires

February 28, 2007 09:31 ET (14:31 GMT)

As I did more digging about the upped target..
Found interesting links:

MAJOR ASSUMPTION: NATL Bk is National Bank Financial.
Brian Christie is person covering CGR for National Bank Financial.

http://biz.yahoo.com/a/8/89336.html

He has been winner in picking mining stocks.

http://www.starmine.com/content/content.phtml?page_loc=db&page_type=five_star_analyst&sub_page_set=industry_winners_2002_canada

I'll try to find more data. Also, if anyone of you come across anything interesting , please post.

Some insider buying.

http://www.canadianinsider.com/coReport/allTransactions.php?ticker=CRJ

Posting the updated chart.

Testing the 200ma's  good entry here with a stop if it falls through.

Cheers joe

  Hmmm  I think 1.45 could be a good entry here (for me an average down.
volume  picked up on buying the past 2 days, comming off of the bottom trend line of the upward chanel that it has been in for almost a year and the MACD is approaching 0 from bottoming.  Thoughs here...

Cheers Joe

 Nice Day, fridays volume was the highest in 10+ months, nice move in price to match closing near HOD, MACD smashed through 0 and  the fast lines are pointing up
JMHO we will see new highs soon if the metals remain hot, and this is a real company with earnings.
Lets see what this week brings.
cheers joe