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Gold/Mining/Energy : Latitude Minerals LTU.V -- Ignore unavailable to you. Want to Upgrade?

To: Spiney who wrote (104)	10/4/1998 8:39:00 PM
From: Paul S.	Respond to of 366

Afternoon everyone, I just read a very bullish gold article posted on the LTU thread at Stockhouse: 207.102.98.109 I also spoke with IR at LTU on Friday, They expect to be drilling this week on Kilgore. I was filled in on the history of this property and it is quite interesting. There has already been 6 million US spent on developing Kilgore by the previous owners (Echo Bay/Placer). In December of 1996 John Carden drilled a new discovery hole on the opposite side of the fault of the current discovery. They had very good showing's from this hole (enough to warrant John Carden to call it a new discovery). But around this time Echo Bay was going through their consolidation and decided to not continue on any other exploratory projects. John Carden negotiated Kilgore for his group and in turn has brought it to LTU. With the VSE approval last week, they are able to go into Kilgore and further examine the second discovery. We currently have 417,000 ounces proven and a mineable resource of 700,000. Hopefully LTU will be able to duplicate these numbers on the other side of the fault. If this happens (and initial indications say quite possible) then we will have a very profitable mineable project, even with the current POG. Also the Kilgore property came with drill equipment, drill pads, warehouse, roads and everything else needed to start drilling. In essence LTU acquired a turnkey gold project. Basically what it boils down to is Echo Bay developed and paid for all the infrastructure, but LTU will be the one to reap the rewards when they prove up the second discovery zone, at a fraction of the cost for the whole project. Paul

To: Spiney who wrote (104)	10/5/1998 10:47:00 PM
From: Joel W. Grothendick	Respond to of 366

Hello Spiney, >>Where are ya?<< I apologize for my irregular posting but I've been incredibly busy with setting up my new Corp. I spent the entire weekend writing up different financial models for my company and found out this morning that I will have to repeat the process at least one more time this week......ughhhhhhh ! Interesting article on gold, imo the bears are not done yet but their reign is indeed coming to an end. Re the closing of the last pp: It certainly seems that the "big boys" are now positioned and we should be poised to move up. I hear that ltu has finally caught the attention of some bigger news letter writers and we could see some write ups pretty soon. I am happy to see some more active posters here on our thread and think we will see more and more people as time passes. - We are no longer alone in our convictions and imo ltu will prove us correct in our past support. See ya on millionaire acres ? Joel