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Gold/Mining/Energy : Tan Range

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To: BLZBub who wrote (76)	2/19/1999 12:12:00 AM
From: marty wilcox	Read Replies (1) of 122

you hit that right on the money I sure hope barrick likes this particular sutton property if they start working it maybe I can get some money back. I thought it looked like good results last year and that the stock would take off and it did for about a half hour. Maybe people can wash brex from there heads and with the y2k thing who knows maybe gold will rally. Seen a show the other night where some people are starting to hoard but not sure if there is enough nuts to drive the price up. Tan Range Exploration Corporation TNX ASE Add to Portfolio February 18, 1999 Tan Range Share Price Responds Favourably To Barrick'S Involvement In Tanzania VANCOUVER, Feb. 18 /CNW/ - Tan Range Exploration Corporation In response to a request by the Alberta Stock Exchange concerning a near doubling of its share price Tan Range Exploration Corporation reports that there are no material changes to disclose. Management of Tan Range attributes the sudden rise in both share price and trading volume to increased investor interest resulting from the 89% premium to market which Barrick Gold Corporation offered to shareholders of Sutton Resources Ltd. Sutton controls an 8.8 million ounce gold deposit in the Lake Victoria goldfields of Tanzania and Tan Range controls a 190 square kilometer mineral concession immediately adjacent to it. This property (Itetemia) also contains the Golden Horseshoe Reef deposit which has been defined by 23 diamond holes and is at an early stage of exploration. On February 15, 1999, Tan Range announced that it was commencing a RAB drilling program (reverse air blast) at the Golden Horseshoe Reef property. The Company is presently compiling the drill logs of RAB holes and expects to make a further announcement in the near future. Tan Range is a gold company which holds a large portfolio of exploration licences in the Lake Victoria greenstone region of Tanzania. This region of Africa has attracted the world's major gold producers with the discovery of several multi-million ounce deposits. Due to its early involvement in gold exploration in Tanzania, Tan Range now controls some of the region's key exploration licences. TAN RANGE EXPLORATION CORPORATION (signed) --------------------------------- MAREK J. KRECZMER, M.Sc., P.Eng. President and Chief Executive Officer The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. For further information: Investor Relations at 1-800-811-3855 This Report Updated by Canstock at 14:53:33 Pacific Time \| Search \| \| Market Review \| \| Charts \| \| Quotes \| \| News \| \| News Archive \| \| Portfolio \| \| Interest Rates \| \| Download Data \| \| Insider Reports \| \| Pay per View \| \| Mutual Funds \| \| Main Stock Market Page\| \| Contact Us \| \| Help \| © 1995-98 Canadian Stock Market Reporter

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