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

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To: Gerald Walls who wrote (2857)7/6/1999 10:49:00 AM
From: TrueScouse  Read Replies (3) of 4504
 
Gerald:

It seems very quiet as everyone tries to absorb what the PR means.

My own initial reactions are that:

(1) the "gold in sulphides" numbers on TG-1 are a bit lower than I'd hoped for, but still a bonus -- I think they add something like 600,000 oz of Au to MAN's share of the deposit.

(2) the discovery of the massive sulphide deposit on TG-3 is great news -- although anticipated by the market in the last few days. It's very early days, and the key results are yet to come -- namely the assays for holes 3-3, 3-4 and 3-5. 3-4 in particular shows a sulphide interval of 215.8 metres, and the step out at 3-5 has an interval of 255.7 metres.

(3) the fact that TG-3 is a massive sulphide deposit increases the odds *significantly* (IMHO) that there are others on MAN's TG and Lancones claims. i.e We now know that TG-1 is not an isolated deposit and that the only other anomaly tested so far also has massive sulphides.

Anyone know when trading is to start again, btw?

Regards,
Howy
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