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Claude Resources, St, Eugene Mining Says Amisk Testing Produces 89.4% Gold Recovery

Claude Resources Inc. (CRJ.TO; CGR) is down nearly 4%, with shares off 6 cents at $1.47 each this morning, with positive metallurgical and engineering testwork at its Amisk Gold Project near Flin Flon in northeastern Saskatchewan apparently overwhelmed by the broader market declines.

The company said the joint venture between Claude and St. Eugene Mining Corp (SEM.V) will likely be amenable to conventional cyanide leaching with testing on three composite samples returning average of 89.4% recovery for gold and an average 80.8% recovery for silver.

St. Eugene shares are up fractionally this morning at 10 cents each

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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