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Gold/Mining/Energy : Manhattan Minerals (MAN.T)

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To: Elizabeth Andrews who wrote (2695)	6/29/1999 9:56:00 PM
From: Jeff Dickson	Read Replies (1) of 4504

The western copper/Teck project covers a lot of land. There is a lot of exploration potential. From the Norther Miner, December 22 1997: Scammell believes there is enormous potential for the discovery of other VMS discoveries. "We have only seen the first five minutes of a three-hour movie," added Corman, alluding to the area's exploration prospects. Last December in a news release WTC: IP surveying, primarily in the areas north of San Nicolas, has identified numerous anomalies which will be drilled early in 1999. Then last month: The joint venture management committee approved a 1999 budget of $2.6 million, which includes $0.9 million for continuing engineering studies on the San Nicolas deposit and $1.7 million for exploration of the 225 square kilometer (87 square miles) El Salvador Joint Venture area. Ongoing gravity and IP surveys have identified a number of strong gravity and IP anomalies north and east of the San Nicolas orebody, several of which are coincident gravity and chargeability highs, characteristics present in the San Nicolas orebody. The initial 1,500 meter (4,920 feet) drill program, planned to begin the last week of May, will test at least five of these targets.

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