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

To: Joel W. Grothendick who wrote (220)	1/19/1999 12:19:00 AM
From: Paul S.	Read Replies (1) \| Respond to of 366

Joel, I expect this to be the last funding at these levels (although LTU is one of only a handful of juniors that can raise money in this market). Witness to this would be the increased activity in the stock and the CLEAN UP that was completed last week. I'm comfortable in thinking that LTU stock will move back up to the $.60-$.90 level before too long. Following is an update I received from management. >>Presently we our negotiating two new gold properties in Nevada, one of which we way put into production. We are also in negotiations regarding a silver property in Idaho, and a precious metals property in Montana. We will be drilling our advance stage Kilgore gold deposit in the spring of this year which presently has a resource of over 700,000 ounces of which 417,000 ounces is mineable. Blue Hill Creek Gold Project in Idaho is a 230,000-ounce gold resource open in all directions. We have acquired additional land in the immediate area including the Cold Creek Deposit, which is a defined 50,000 ounce gold resource that is clearly still open in every direction. Management believes both of these properties are part of a geological environment that has district potential. We have had inquiries from three major mining companies with respect to these projects. Miller Mountain Gold Deposit in Montana is a 900,000-ounce resource, of which 275,000 ounces are classified as proven and has multi-million ounce potential. As you can see Latitude has over 1.8 million ounces of gold, including 700,000 ounces, which are classified as proven with more being evaluated as we speak. << Also if your in the area, LTU will be at the PDAC in Toronto March 14-17 Booth #2609. John Carden and Mitch Bernardi will also be present.