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Gold/Mining/Energy : ARP - V Argentina Gold

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To: Famularo who wrote (398)10/20/1998 12:02:00 PM
From: waldo  Read Replies (1) of 3282
 
First Marathon is selling like crazy..(354,000 shares)

Looks like 2 of the biggest companies are focusing their attention on the Andean mountain play. Ironic that Argentina gold sales were blamed for the fall in gold prices yesterday according to Bloomberg. They might also take credit for putting some life back into the juniors.

From Yesterday:

Barrick seeks more reserves at Pascua-lama site

BUENOS AIRES, Oct 19 (Reuters) - Canada's Barrick Gold Corp expects to discover by year end more reserves at its Pascua-Lama gold find straddling the Andes mountains border between Chile and Argentina, a senior company official said.

   As drilling resumes following winter's thaw the site boasts proven and estimated reserves of 11.2 million ounces of gold, 335 million ounces of silver and six million ounces of geological resources.

canoe.ca

Waldo
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