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Gold/Mining/Energy : Winspear Resources

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To: Lorne who wrote (25809)	5/8/2000 6:20:00 PM
From: teevee	Read Replies (1) of 26850

Lorne, I have had no "change of heart" as you prefer to put it. I was responding to some questions from a poster called "Diamond Hunter". My opinions on Snap Lake remain unchanged, as do my share holdings. As for the size of Snap lake deposit, exploration has yet to find its limits. Although last falls drilling on the north shore and this springs drilling in the south east part of the lake have not yet been offically been included into the current global tonnage(21 million tonnes), it is easy to see that the total "drill indicated" tonnage could be well over 40 million tonnes now, and still open. If I'm not mistaken, that about doubles the in ground resource value too does it not? and with a reasonable geological inference for as much again under the north shore and to the north east. What would that add up too? We all await a report on thicknesses for the area drilled in the south east part of Snap Lake and confirmation it is part of the same sheet or dyke. That will provide an insight into how much tonnage above the 350 depth level could quickly be added to the mine plan for either an increased mine life or expansion opportunities once the current 3000 tonne per plan is achieved.

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