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Gold/Mining/Energy : Atapa Minerals (AML on the ME) -- Ignore unavailable to you. Want to Upgrade?

To: Enigma who wrote (94)	11/6/1998 6:38:00 PM
From: Dennis Martin	Respond to of 106

Michael and enigma, I do not know much more myself. I was hoping others could give more details. I have not had time to verify anything yet. This did not come from a source that I know well and I have not been able to confirm with my other contacts yet. Does anyone know what companies surround Atapa's Kirkland Lake property and whether they have announced drill holes with decent gold? The question is where are these holes with respect to the claim boundary?

To: Enigma who wrote (94)	12/1/1998 8:00:00 PM
From: Dennis Martin	Read Replies (1) \| Respond to of 106

Atapa news release and map. Shows gold intercepts by Queenston along northern boundary. www2.cdn-news.com DECEMBER 1, 1998 Atapa Signs Definitive Option Agreement to Acquire Doherty Cooper Property TORONTO, ONTARIO--Atapa Minerals Limited announces that in accordance with the terms of a letter agreement dated September 17, 1998, it has entered into a definitive agreement with DCM Gold Ltd. ("DCM") pursuant to which Atapa has been granted the option to acquire participating interests in the Doherty Cooper property (the "Property"). The basic terms of the letter agreement between Atapa and DCM were previously announced on September 22, 1998. The definitive agreement grants Atapa the option to acquire participating interests in annual increments ranging from 10 percent to 31.91 percent to a maximum interest of 100 percent in the Property by making staged cash payments totaling $505,000 and funding minimum exploration expenditures totaling $1,850,000 over a five year period. A 3 percent royalty interest will be retained by DCM. Atapa has the right to extend the five year period to a maximum of ten years by payment of certain extension fees to DCM. The Company's obligation to incur exploration expenditures of $200,000 during the first year of the Agreement is contingent upon Atapa securing suitable financing before April 30, 1999. In the event that Atapa does not waive or satisfy this condition, the agreement will be terminated unless Atapa pays DCM $15,000 on or before September 17, 1999 to defer for one year the requirements to make the first year's exploration expenditures. Atapa has granted a right of first refusal to Queenston Mining Co. ("Queenston"). This grants Queenston the right to acquire an interest in the Property on the terms offered by a third party wishing to acquire an interest in the Property and which Atapa is willing to accept. The Property consists of 8 patented mining claims totaling approximately 320 acres and it is located 14 kilometres east of the town of Kirkland Lake within the highly prospective and productive Kirkland Lake gold camp. The Property is adjacent to the east-west trending Larder Lake Deformation Zone. Gold mineralization in the area occurs within the deformation zone and along splays off the main fault. Mineral deposits and gold zones in the area of the Property include the: Anoki, McBean Dike, McBean Green Carbonate deposits, and the Anoki Deep, Biroco and Esker gold zones. The importance and potential of the Property is closely related to the current program being carried out by Queenston. In 1996, Queenston and Franco Nevada Mining Corporation Ltd. formed a joint venture to explore and develop their combined property holdings in the Kirkland Lake gold area. The joint venture agreement included a buy out of Inco's interest in the Anoki, McBean and Munro properties, and the 500 - 700 ton per day gold mill at the Upper Canada mine site. Queenston publicly reported that from August 1996 to May 1998, a $3.6 million exploration program was carried out by Queenston. As part of this program, sixteen holes, for a total of approximately 10,670 metres (34,866 feet) were drilled on the Anoki project. During this sixteen hole program a new gold zone, called the Anoki Deep Zone (ADZ), was discovered in Hole AN 97-03, with gold occurring in altered, carbonated, sericitized tuffs. Thirteen of the sixteen holes intersected significant widths of 'carbonate alteration', and six holes intersected broad zones of highly anomalous gold values. Queenston reported the following significant gold values intersected within the ADZ: /T/ Hole AN-97-03: 0.24 oz/ton (cut) over 13 feet Hole AN-97-09: 0.15 oz/ton over 20.5 feet Hole AN-98-11: 0.80 oz/ton over 3.2 feet /T/ Hole AN-97-08 was collared near the north-east boundary of the ADZ zone and encountered 64 feet of anomalous gold values averaging 0.04 oz/ton gold, including 0.10 oz/ton over 13.5 feet. Atapa management believes that the ADZ mineral deposit dips onto the Doherty Cooper property at depth and that the potential of the Property has improved substantially in view of the encouraging results from Queenston's diamond drilling program. Atapa is very pleased with this development and is eager to conduct diamond drilling that will explore the down dip extension of the ADZ. A map which shows the location of the Property and the Queenston drill holes is available as follows: - Atapa Minerals Limited internet website at : www.atapa.com - Canadian Corporate News internet website at: www.cdn-news.com - Contact the numbers on this letterhead for a fax or e-mail copy Atapa also has an interest in approximately 101,000 hectares, and the right to earn an interest in 428 hectares, of highly prospective ground in South West Java, Indonesia. In addition, Atapa has gold properties in Ontario and Peru and is continuing to evaluate other properties for acquisition. Atapa has approximately 10.4 million common shares issued and outstanding which are listed and posted for trading on the Montreal Exchange under the trading symbol "AML". On a fully diluted basis, Atapa has approximately 12.3 million common shares issued and outstanding. -30-