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

To: Goldfinger who wrote (2403)	1/27/1998 3:42:00 PM
From: CIMA	Read Replies (1) \| Respond to of 4718

My understanding is the Ojalali property was purchased in two separate blocks. The first block purchased, which they are drilling now, has a COW allowing ANZ to explore and drill. The second portion, which surrounds the original property, does not yet have a COW permitting them to drill. They are doing some airborne reconaissance and soil sampling but won't drill until the COW is issued. Dennis said 2-3 months as an estimate but really said it was in the hands of the Indo bureaucracy.