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

To: Elizabeth Andrews who wrote (3683)	9/12/1999 2:03:00 AM
From: Claude Cormier	Respond to of 4504

<<Claude, so you are saying that the recent drill holes infer that TG-3 is going to be an economic deposit? >> No. I didn't say that. The feasibility study will tell. <<Just for my lame brain as I don't think the grade is even close for an underground mine?>> Well...if you say so it is because you haven't really study the drill holes. Of course the average grade is only 2% copper equivalent and probably not high enough for underground. It is certainly good for open pit... but here it may be too deep. We will know once the study is completed as it is not even possible to make an educated guess now. There are too much factors to consider. However, there is certainly a possibility for an underground mine in the north section...where the zinc grade average 5%++. The tonnage seems to be so far in the 10-15M tons of this above average grade.. Once a shaft is sink for this stuff...it then becomes possible to also mine teh higher copper grade which are deeper in that section and eventually drift to the south. So there are some possibilities. If you consider the synergies provided by the existence of TG-1 and the gold cap... you cannot exclude any possibilities at this stage. Keep in mind... TG-3 is not an isolated deposit. Bot I will admit that it is not a done deal..and that is why the MAN is still $5-$6 despite this new discovery.