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

To: Mike G who wrote (3909)	7/29/1998 6:20:00 AM
From: Gabe Heti	Read Replies (1) \| Respond to of 4718

Are they taking over permanently or for the next phase of drilling? What is the significance of being the operator? What happens to the ownership share of the property. It is stated to be 39.6% for Antares with that moving to 55% if Antares spends another $1.4 million. When you say the cores were mineralized throughout. Was this not assayed in the last round? What was the mineral content? I will be following up with questions to Antares. Gabe

To: Mike G who wrote (3909)	7/29/1998 11:24:00 AM
From: Gabe Heti	Read Replies (1) \| Respond to of 4718

Mike, talked to Cynthia Dean, Vice-President Projects at Antares at length this morning. I will post a more complete response tonight, but briefly for now: there is no significance to the change of operatorship. It is only for the next phase of drilling to commence next week. Antares, AGC and Strathcona are working together to define targets etc. There is complete agreement as to their interpretation of the geology and the direction of exploration. Cynthia will be on site for the start of drilling. Simply, AGC will fund this phase of the work expected to cost $300,000. Antares has four more years to spend an additional $1.4 million to increase their stake to 55%. They are at 39.6% now and will not in any way be diluted by the upcoming work program. I will post a more detailed message tonight. Gabe