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Gold/Mining/Energy : Abacus Minerals Corporation (V.AMC) -- Ignore unavailable to you. Want to Upgrade?

To: George Castilarin who wrote (322)	3/20/1999 8:41:00 AM
From: morrie	Respond to of 397

George ! I was at Abacus booth at the PDAC tues. Informative and impressive display of the three major property's. Will be finishing the first phase drilling in Argentina next week I believe, and await for assays. Good chance of extending this zone. Second phase to start right after. Looking at the Ferragudo Project in Southern Portugal, Phelps Dodge has an excellent chance of discovering a large VMS deposit, as they border right up to the Neves Corvo mine. The satelite Imaging shows the VMS fills Abacus ground. Will start drilling soon. (summer) Niblack Property Alaska: Abacus has applied for government funding ( which apparently the gov.t has received a large amount of cash)repayable in the way of a loan. If accepted , would set up a major exploration program there. Looks very encouraging for AMC for this year. morrie

To: George Castilarin who wrote (322)	3/23/1999 1:03:00 PM
From: morrie	Read Replies (1) \| Respond to of 397

Subject: Stockwatch: Abacus Minerals Corporation - News Release Date: Tue, 23 Mar 1999 09:47:53 -0800 From: newsout@canada-stockwatch.com Abacus Minerals closes second tranche of private placement Abacus Minerals Corporation AMC Shares issued 21,590,405 Mar 22 close $0.25 Tue 23 Mar 99 News Release Mr. Steve Todoruk reports The second tranche consisting of 1,105,000 units of the five-million-unit brokered private placement, previously announced in Stockwatch Oct. 14, 1998, has now closed for gross proceeds of $221,000. Each unit consists of one share and one-half of a warrant. Each whole warrant is exercisable for two years at 25 cents to acquire one share. As a part of its commission, Canaccord Capital Corporation has received 86,500 bonus warrants, with the bonus warrants having the same terms of those which underlie the private placement. The shares and any shares issued pursuant to the exercise of the warrants from the second tranche will be subject to a four-month hold period expiring July 19, 1999. Proceeds from this second tranche, will be used for the continuing drill program at La Manchuria project in Santa Cruz, Argentina. The 2,000-metre drill program began in early March and is expected to be completed in early June. It is anticipated that results from the first phase of drilling will be available for release in April. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com