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Gold/Mining/Energy : Manhattan Minerals (MAN.T) -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (2718)	6/30/1999 9:59:00 AM
From: mineman	Read Replies (2) \| Respond to of 4504

The longitudinal section across TG-1 shows copper grades (0 to 4%) and thicknesses (0 to 40 m or 0 to 130 ft) are very erratic in both the supergene zone at 40 metres (130 ft) depth and also in the sulphide layer at 250 m (800 ft) depth. Zinc (3%) and silver (1 oz) are low so the deposit hinges on the copper grades and thicknesses. The company says copper averages 2% but a closer look shows very erratic values. So with copper at $.65/pound the copper sulphides could not be mined economically and the company are therefore attempting to make the thin .16 oz/t gold oxide-layer underneath the town appear economic. The latest drill results will not change these basic facts!

To: Claude Cormier who wrote (2718)	6/30/1999 10:19:00 AM
From: mineman	Read Replies (1) \| Respond to of 4504

It would cost more to build new houses for the 5,000 townspeople in order to dig a large open pit than the value of the gold ($40/ton) in the 20 m(65 ft) deep 11 m(35 ft) thick oxide layer. And the most consistent gold values and thicknesses are directly underneath the town.