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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: Ed Devlin who wrote (3803)11/15/1999 6:32:00 PM
From: TrueScouse  Read Replies (1) of 4504
 
Ed:

Thanks for letting us know about the PR. It's now up on the MAN website. I especially like the following...

<<The TG-1 gold deposit is flat lying and close to surface with excellent exploration potential to the north. A preliminary open pit design shows that the deposit could be mined at a strip ratio of approximately 1.2 to 1. Preliminary metallurgical testing shows that recoveries in excess of 90% for gold and 75% for silver can be achieved.>>

and...

<<The TG-1 sulphide deposit underlies the gold deposit and is flat lying. Cross-section analysis shows that the deposit can be mined at a strip ratio of approximately 1.0 to 1. This resource calculation has increased the tonnage and contained metal by 40% over the earlier calculation based on initial drilling by BRGM, the previous owners. Detailed metallurgical testwork is presently in progress at Lakefield Research. Preliminary testwork by BRGM showed that good quality concentrates could be achieved at acceptable metal recoveries.>>

Low strip ratios, high recovery percentages and exploration potential of the gold cap, and a 40% increase in the inferred resource of the TG-1 sulphide deposit. Excellent!

And we still have TG-3 and 15 other anomalies to explore <g>.

Best regards,
Howy
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