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Gold/Mining/Energy : Caussa Capital (formerly Antares) T.CAU -- Ignore unavailable to you. Want to Upgrade?

To: ossie who wrote (2123)	1/6/1998 12:05:00 AM
From: alias13461	Respond to of 4718

Ossie, I hope this is not so as I expect more out of Antares management. Excerpts of the following two news releases leads me to believe that the only thing that has changed since November 28 is the relationship in the price of silver vs gold. *** Nov 28, 1997 News Release * Antares has defined a gold equivalent resource of 504,000 ounces at its 76.5% owned 31,644 hectare Ojolali property in Sumatra, Indonesia since drilling started in July. This is based on the reporting of assays from partially drilling two of the 34 known minralized zones. using a 57:1 silver/gold conversion and assuming a bulk density ratio of 3.14 tonnes per cubic metre. * Jan 5, 1998 News release. *** The preliminary gold equivalent geological resource defined so far at the 31,644 hectares Ojolali property in Sumatra, Indonesia has increased to 706,000 ounces. This resource is based on the partial drilling of only two of the 34 known mineralized zones. To date 11,209 metres of core drilling have been completed. Using a 48:1 silver/gold conversion ratio, this results in a preliminary gold equivalent geological resource of 472,435 ounces. WO