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Gold/Mining/Energy : Manhattan Minerals (MAN.T)
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To: charred who wrote (3892)12/30/1999 12:20:00 PM
From: James N. Wilson   of 4504
 
Charred, once again, it's my understanding that when the concession was drilled by BRGM almost 20 years ago the property was little more than moose pasture. Maps of TG1 showing the original drill hole locations would seem to support this. If you have information to the contrary please provide it.

The beneficial ownership, exploration and development rights of the concession was governed by agreements executed in 1979 and 1981 by the gov. of Peru and BRGM. In April of 1997 Manhattan acquired the interest of BRGM in the agreements. The new agreements between the gov. of Peru and Manhattan which govern the ownership, exploration and development of the concession allow Manhattan an option to earn 75% of the concession with the state of Peru owning the remaining 25%.

james
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