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Gold/Mining/Energy : Metallica (MR T) -- Ignore unavailable to you. Want to Upgrade?

To: Dan P who wrote (223)	3/8/2001 9:40:52 AM
From: TrueScouse	Read Replies (1) \| Respond to of 263

Dan: Thanks. I've got a copy of it now. The great thing about these initial results (apart from the more than 1,000 feet depth of the intercepts!) is that the higher grades are in the top 100 m. Also, this part of the property is 100% owned by MR. I especially like the following from the PR... "Drill holes DDHF-18 and 19 are part of Noranda's 9,200-meter diamond drilling program on the El Morro project, which has been in progress since November 2000. Noranda originally planned approximately 5,000 meters of core drilling for its 2001 program at El Morro. Noranda is moving a third core drill onto the property and anticipates completing about 25 more holes before the end of the southern hemisphere field season in April or May." It's great when the "big guys" decide to increase resources to an exploration play. And we should get lots of news over the next month or two. Also.... "Noranda is the operator and can earn a 70 percent interest in the El Morro project by completing work commitments of US$10 million and making a cash payment to Metallica of $10 million prior to September 2005." With a market cap of only about US$5 million at the start of the week, it's no wonder MR is moving! Exciting news... Regards, Howy