Claude Resources (CRJ)

[uneven]

Cannacord still bullish:

CLAUDE RESOURCES INC. (CRJ : TSX : C$1.37) - BUY - 12-MONTH TARGET PRICE:
C$2.50
Brian Christie
Comment: Claude reports drill results from Porky Lake gold discovery
Claude has reported results from 28 additional holes on the West Porky
discovery near its Seabee mine in northern Saskatchewan. These holes were
successful in confirming the continuity within the main zone. Highlights
include: 7.95 metres of 7.15 g/t gold, 2.8 metres of 11.77 g/t gold and
2.4 metres of 12.5 g/t gold. About one kilometre to the west-northwest,
the company has reported a new discovery known as the West Zone.
Highlights from this zone include: 2.95 metres at 33.22 g/t gold and 1.8
meters at 10.54 g/t gold. There is good potential to expand these
discoveries and the West Porky and West Zone may ultimately link up.
Systematic exploration will be carried out over the balance of the year.
Claude offers a stable production platform, good exploration upside at
both Seabee and West Porky, and a larger exploration wildcard, the Madsen
project. We continue to rate the shares a BUY with a C$2.50 target price.

Uneven