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

To: Bruce Robbins who wrote (3244)	7/24/1999 12:04:00 AM
From: Jeff Dickson	Read Replies (1) \| Respond to of 4504

Bruce, Holes 13 to 20 have encountered massive sulphides in thicknesses ranging from 26 metres to 311 metres. The diamond drill program has traced the TG-3 deposit over a strike length of 850 metres, widths up to 350 metres and depths up to 400 metres. They are saying they had 311 meters of sulphides, but have only drilled to 400 meters. This suggests that they have a hole that intersected sulphides at 89 meters, which is quite a bit earlier than the other holes. My guess is 14,18,20 or 21... up by the first hole. The start of the sulphide intersection given in the earlier press release (with assays) is roughly consistent with the start of the intersections with the good stuff in the last release. I'm at a loss as to how this release can be construed as bad, although I'm not too surprised by the market. You pull only a dozen rods of rock, whose diameter is small enough you can wrap your hands around them, out of an area the size of probably 15-20 football fields and find that stuff.... The only bad part of the story is it is going to take a lot of drilling to figure out what they have. They should have no problem raising the money.