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Gold/Mining/Energy : Pangea Goldfields T.PGD -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (1063)	6/19/2000 11:29:00 AM
From: Enigma	Respond to of 1178

Muhama/Stock action, etc. (BTW this thread has gone to sleep?) Understand that drilling on Muhama has commenced or is about to. This is on strike with the Tulawaka East Zone - and I quote from page 9 of the Annual Report: "Pangea Goldfields geologists believe that the two mineralized zones at Tulawaka as well as gold geochem. anomalies on the Muhama and Ushirombo properties lie along the same structural trend identified over 50 lilometers of strike length on waht we now refer to as the Tulawaka Trend ...." So this step out drilling is designed to hit a SE extension of the Tulawaka East Zone - which trends NW to SE. The pp should close before month end. Apparently it was 50% oversubscribed. So potentially we had 1 million share demand from institutions when the book was closed.