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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: interesting man who wrote (6296)	2/19/1999 12:22:00 AM
From: marty wilcox	Read Replies (1) \| Respond to of 11130

Tan range broke out today on the news of the Barrick takeover of Sutton but weather it can ever get back to the 1.60 I bought in at it will also need solid drill results at either theres or the sutton site. May be a short term play though up 100% today Tan Range Exploration Corporation TNX ASE February 18, 1999 Tan Range Share Price Responds Favourably To Barrick'S Involvement In Tanzania VANCOUVER, Feb. 18 /CNW/ - Tan Range Exploration Corporation In response to a request by the Alberta Stock Exchange concerning a near doubling of its share price Tan Range Exploration Corporation reports that there are no material changes to disclose. Management of Tan Range attributes the sudden rise in both share price and trading volume to increased investor interest resulting from the 89% premium to market which Barrick Gold Corporation offered to shareholders of Sutton Resources Ltd. Sutton controls an 8.8 million ounce gold deposit in the Lake Victoria goldfields of Tanzania and Tan Range controls a 190 square kilometer mineral concession immediately adjacent to it. This property (Itetemia) also contains the Golden Horseshoe Reef deposit which has been defined by 23 diamond holes and is at an early stage of exploration. On February 15, 1999, Tan Range announced that it was commencing a RAB drilling program (reverse air blast) at the Golden Horseshoe Reef property. The Company is presently compiling the drill logs of RAB holes and expects to make a further announcement in the near future. Tan Range is a gold company which holds a large portfolio of exploration licences in the Lake Victoria greenstone region of Tanzania. This region of Africa has attracted the world's major gold producers with the discovery of several multi-million ounce deposits. Due to its early involvement in gold exploration in Tanzania, Tan Range now controls some of the region's key exploration licences. TAN RANGE EXPLORATION CORPORATION (signed) --------------------------------- MAREK J. KRECZMER, M.Sc., P.Eng. President and Chief Executive Officer The Alberta Stock Exchange has neither approved nor disapproved of the information contained herein. For further information: Investor Relations at 1-800-811-3855 This Report Updated by Canstock at 14:53:33 Pacific Time \| Search \| \| Market Review \| \| Charts \| \| Quotes \| \| News \| \| News Archive \| \| Portfolio \| \| Interest Rates \| \| Download Data \| \| Insider Reports \| \| Pay per View \| \| Mutual Funds \| \| Main Stock Market Page\| \| Contact Us \| \| Help \| © 1995-98 Canadian Stock Market Reporter