Claude Resources, Inc. (fka CLGRF)

[Picassa]

The Madsen Property at Red Lake, Ontario is what a lot of investors of Claude are excited about. It’s an exploration property, but the potential here could be really big. Madsen is located only about 5 miles from Goldcorp’s high grade Red Lake Mines. The Madsen Mine was the third largest gold producer in the Red Lake camp behind the Campbell and Dickenson Mines with a total of 2.45 million ounces gold produced over its 38 year mine life.

The 10,000 acre property contains a 500 ton per day mill, a functioning 4,125 foot operating shaft and a permitted tailings management facility. All existing infrastructure is fully permitted.