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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Bruce Robbins who wrote (2776)7/2/1999 12:50:00 PM
From: mineman  Read Replies (3) of 4504
 
TG-1: Gold assays of BRGM holes in the sulphide layer may be something like .05 ounce/ton but the resulting increase in metal value per ton will not change the fact that the deep bed is too low grade to mine economically. Gold assays of the overlying supergene layer should be lower than the underlying sulphide or overlying oxide bed - probably in the range of .02 ounce/ton - which will likewise not change it's economic viability.

TG-1: The new drill holes will intersect the oxide cap within the area of the previous BRGM drilling but any holes drilled outside this elliptical area will probably assay only low grade copper and gold.

TG-3: There is no indication other than a geophysical anomaly that there are similar copper and gold mineralized layers. The only gossan in this area is in a different location from the geophysical anomaly.
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