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Gold/Mining/Energy : Winspear Resources
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To: Rocket Red who wrote (14624)2/14/1999 12:41:00 PM
From: Gord Bolton  Read Replies (2) of 26850
 
Here is the old NR regarding colored stones

Mon Jul 14, 1997

Diamond Grades and Results


Winspear Resources Ltd. (WSP.V) is pleased to report on diamonds recovered
by caustic fusion analyses of kimberlite dyke intersections encountered during
the Spring drilling program in the Snap Lake area of the Camsell Lake project,
N.W.T. The project area is situated 140 miles Northwest of Yellowknife and is a
joint venture between Winspear Resources Ltd. (57.3%) - the operator - and
Aber Resources Ltd. (42.7%).

During this program, thirteen drill holes intersected kimberlite in a restricted
area about 1 km2 on the west side of Snap Lake. A total of 137.14 kg of
kimberlite from these intersections was submitted to Lakefield Research Limited
for diamond analyses. Three of these intersections were treated for recovery of
indicator minerals. Of the total diamonds reported, 383 diamonds were recovered
and described by Lakefield Research Limited while 18 diamonds were recovered
from the indicator mineral concentrate and were described by Winspear's Senior
Mineralogist who has more than 20 years experience in this field. Some general
characteristics of these diamonds are as follows:

A.Grade:

The weighted average grade of the thirteen intersections has been calculated
as follows:

Macro diamonds (one dimension >0.5mm) = 3.69 carats per tonne

B.Colour: The colour of recovered diamonds is as follows:

- White = 43.7%
- Off-white = 3.2
- Grey = 1.0
- Yellow = 39.2
- Off-Yellow = 1.5
- Amber = 7.2
- Brown = 0.5
- Green = 2.7
- Pink = 1.0

C.Clarity: Diamonds from the kimberlite intersections have been described as
follows:

- Transparent = 87.8%
- Translucent = 11.7%
- Opaque = 0.5%

 All yellow diamonds have been verified as natural diamonds using Raman
spectrometry by the Surface Science Department, University of Western
Ontario. These results were independently corroborated by Lakefield Research
Limited's personnel and by Winspear's Senior Mineralogist.

Although the number and size of recovered diamonds from kimberlite dyke
material are too small to meaningfully extrapolate any parameter to a larger
population of larger diamonds, the Joint Venture is sufficiently encouraged by
these results to collect a larger sample of this material for further testing.

The Summer field program on the Camsell Lake property is presently underway.
Winspear personnel together with three Russian geologists headed by Dr. N.
Pokhinlenko have commenced a program of follow-up sampling in the Snap Lake
area as well as other parts of the property.

Diamond analyses of core submitted to Lakefield Research from the kimberlite
intersected at CL 186 are expected within two weeks and will be reported when
received.

On Behalf of the Board of Directors,
WINSPEAR RESOURCES LTD.

Randy C. Turner
President & Director

The Vancouver Stock Exchange has Not Reviewed and Does Not Accept
Responsibility For The Adequacy or Accuracy of The Contents of This News
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