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Gold/Mining/Energy : Pangea Goldfields T.PGD -- Ignore unavailable to you. Want to Upgrade?

To: Jimsy who wrote (193)	3/25/1999 8:04:00 AM
From: LaFayette555	Respond to of 1178

NP says Pangea partner sells interest to Barrick Barrick Gold Corp ABX Shares issued 401,814,498 Mar 24 close $27.65 Thu 25 Mar 99 In the News See Pangea Goldfields Inc (PGD) In the News The National Post reports in its Thursday edition that Pangea Goldfields Inc. said that joint-venture partner Randgold Resources Ltd. has agreed to sell it 50-per-cent interest in the Golden Ridge gold deposit in Tanzania to Barrick Gold Corp. Terms were not disclosed. The purchase by Barrick follows its recent offer to acquire Sutton Resources Ltd., owner of the Bulyanhulu deposit 30 kilometres away. Pangea said that under the terms of its joint-venture agreement with Randgold, which Barrick will now assume, Barrick could earn a 65-per-cent interest in the project by completing a bankable feasibility study by September 2000. (c) Copyright 1999 Canjex Publishing Ltd.

To: Jimsy who wrote (193)	3/25/1999 8:53:00 AM
From: salva	Read Replies (1) \| Respond to of 1178

Pangea worth $10.? I couldn't agree more. The potential is there. If you read yesterdays post by FP on the geology of the Lake Victoria Greenstone Belt "tulawaka" property-the recent assay results were surprisingly much higher quality for the first 40meters than Sutton! If '108' is correct then we are to expect " high values with high volumes"--much better than Sutton! Therefore the potential for "tulawaka" is much greater. And... we are not talking yet about the 'other' properties PGD has! Understand that Tulawaka is the number one priority for them-so I do expect them to spend more$ on that site to prove reserves. I think PGD /MDN have really explosive potential to the upside. My fear is that a Major will try to take them out 'cheaply' as soon as the initial reserves estimates are released by the 'consulting' company recently hired. I hope not. rgds