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

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To: Andrew Cook who wrote (2909)7/7/1999 1:24:00 PM
From: Claude Cormier  Read Replies (3) of 4504
 
Andrew,

1) my understanding is that dikes are mostly magma which contains non-sulphides minerals like silicate, olivine (another mineral derived from Silicium).. and other stuff of that nature. I will try to get more info on this.

2)Results on the step-outs could be out anyday now.

3)Pre-feasibility is on going. We will reach feasibility next year. They will drill other anomalies on an ongoing basis. So in 3 month from now, we may well be working on 3 anomalies at the same time... All will depends on what they get on TG-3 and on future financings..of course.

4) <<Do we know which 4 are targets? I gotta think TG-4 is high on the list. >>

In fact there are much more than 4 targets... but there are 4 top priorities. I think thye are TG-7 and B-02 combined, TG-4, B-07, TG-6.
But since TG-5 is between TG-4 and TG-6 it might well be drilled as well. I understand that they are very much interested by the B-07 target on Papayo.

<<I'm very pleased and encouraged to see MAN hold firm (to this point) at $7.00+. >>

That is a price that is slightly above a fair value for TG-1, I think. But it also indicate the immense potential of these properties developing into a true mining camp (VMS district).

<< agree with the earlier comment that assays will define the near future. I'm guessing that at minimum a modest resource will be indicated on TG-3 >>

And the potential for 100M+ tons of economic stuff does exist.
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