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Gold/Mining/Energy : Anooraq Resources: Platinum and Palladium Project -- Ignore unavailable to you. Want to Upgrade?

To: wayne who wrote (46)	2/26/2000 1:31:00 PM
From: Gary Nash	Respond to of 73

Wayne: I think you should know that Anooraq is drilling in an area well known to have lower grades than the current productive mining location. It will therefore not be surprising to see so-so assays. Their reasoning for drilling in this area is to avoid the high costs of start up to mine the richer areas (if they could get any good ground). So what we have here is a low grade easy access lower cost area. Not a particularly exciting play. Check out the 3 types of geology that Muskox has to drill. Much more potential and no big option payments to make!

To: wayne who wrote (46)	3/1/2000 8:45:00 AM
From: Dan P	Read Replies (1) \| Respond to of 73

Jim Mustard from Haywood Securities updates report on ARQ. You can get the report from HD, and it highlights the recent visit to the property by Mustard. At the point that his update was written, 20 holes had been drilled. He remains optimistic on the project, and points out that the Platreef project differs from the southern part of the Bushveld Intrusive Complex, in that the Palladium to platinum ration is about 1:1,whereas for much of the reef, platinum is in greater concentration (2:1): definitely a plus for the current palladium situation. Regards Dan