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Gold/Mining/Energy : Pangea Goldfields T.PGD

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To: Check who wrote (230)9/15/1999 6:50:00 PM
From: AriKirA   of 1178
 
Pangea Goldfields Inc -
Pangea comments on trading activity
Pangea Goldfields Inc PGD
Shares issued 20,612,920 1999-09-14 close $2.9
Wednesday Sep 15 1999
Mr. Jean-Charles Potvin reports
At the request of the Toronto Stock Exchange, Pangea Goldfields has issued the following statement commenting on the unusual trading volume in its shares on Tuesday, Sept. 14, 1999.
Pangea knows of no reason why the volume of trading in its shares substantially surpassed its daily average volume. Drilling is in progress on two of its projects in Tanzania and results are expected within three weeks.
At the Tulawaka project a reverse circulation drill program at 12.5-metre centres was designed to test the lateral extension of the tallus zone. Diamond drilling is also in progress to test both the east and west zones at depth.
At the Golden Ridge project, a minimum 10,000-metre drill program managed by Barrick Gold is under way to extend the known mineralization at depths below 100 metres.
As well, drill programs at the Kakindu project and the Bulyanhulu South project in Tanzania are expected to commence in October. Both projects are managed by joint venture partner Ashanti Goldfields.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

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