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Gold/Mining/Energy : mansfield minerals inc -- Ignore unavailable to you. Want to Upgrade?

To: Keith Monahan who wrote (1105)	8/23/2000 4:56:02 PM
From: jerry janko	Read Replies (1) \| Respond to of 1193

Mr. Gordon Leask reports The company has recommenced exploration on its 100-per-cent-owned, 2,500-hectare Arizaro copper-gold property located in Salta province, northwestern Argentina, where recently announced rock chip and trench results show potentially economic mineralization over an area of 600 metres x 800 metres. The current program will consist of comprehensive geologic mapping, pitting and trenching over the entire mineralized zone. Regional exploration agreement Teck Corporation and Mansfield have recently reached an agreement under which the companies will continue a joint grassroots exploration program in northwestern Argentina. Each party will contribute equally to a $1.2-million reconnaissance program of which Mansfield will be the operator. Any new properties acquired under this program will be equally and jointly owned by Mansfield and Teck. Teck will finance an initial program of $500,000 on each new designated property and then each party shall contribute equally to follow-up work programs. Should either party elect not to contribute to a follow-up program, it shall dilute to 40 per cent upon expenditures of an additional $1.0-million by the contributing party.