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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC) -- Ignore unavailable to you. Want to Upgrade?

To: knight who wrote (209)	7/19/1998 6:23:00 PM
From: Mr. Bond	Read Replies (1) \| Respond to of 397

Agreed Knight. Financing is key. Like you, I am hoping they still have the financing nailed down. It appears that progress on Niblack is the only short term opportunity for news. I had heard from my sources that there was potential of extended drilling at La Manchuria through the month of July. The company hinted at it as well. Have you heard anything? An excerpt from their last NR announcing Phase II drilling results at La Manchuria: "In conjunction with ongoing evaluation of the La Manchuria prospect, a magnetometer geophysical survey was recently carried out in an attempt to help delineate possible structural controls to mineralization. As well, an extensive clay alteration study is in progress which could potentially locate prospective precious metal mineralization. Abacus is extremely pleased with these results at this stage of the project's development. Numerous examples of large epithermal deposits are known worldwide. The closest of these to La Manchuria is Anglo American's Cerro Vanguardia Mine. Cerro Vanguardia is located 80 kilometres to the east of La Manchuria and hosts 3.80 million ounces of gold and 35.0 million ounces of silver. Upon completion of the above data evaluation, a decision will be made as to the timing of resumption of drilling at La Manchuria. "