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

To: S. E. Baker who wrote (2913)	7/7/1999 9:31:00 PM
From: Claude Cormier	Read Replies (1) \| Respond to of 4504

<<what are you looking for in terms of copper-equivalent grade or $/ton value of rock to be willing to consider that mining TG-3 might be economic >> Steve. It is all speculation... but if we assume that all the sulfides intervals contains copper and zinc (which is not probable), we could have in excess of 100M tons. As for the grade, the jury is out! Your guess is as good as mine. We can come up with 200 meters of better than 4% copper equivalent, like we may get something in the order of hole #1 whihc is lower than average.. the patterns observed in other VMS are that the grades will be higher near holes #3 to the North or #5-#6 to the south where the intervals are longer and deeper. <<Are we looking for 3% copper-equivalent or 8%?>> VMS deposits with 8% copper equivalent are extremely rare, less than 1% of all VMS deposits. The average VMS has a copper-equivalent grade of slightly above 4%.