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Gold/Mining/Energy : Winspear Resources

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To: D.M. who wrote (25907)	5/29/2000 12:12:00 PM
From: russet	of 26850

Another newspaper article on Winspear,.......... Times Colonist says Winspear prepares for Ottawa Winspear Resources Ltd WSP Shares issued 51,634,088 May 26 close $2.15 Mon 29 May 2000 In the News The Victoria Times Colonist reports in its Saturday edition that diamond mine developer Winspear Resources will began walking the federal regulatory gauntlet in three or four weeks, according to executive vice-president John McDonald. Winspear will file an environmental application, proposing to build an underground mine 225 kilometres northeast of Yellowknife. Early estimates suggest it will cost $250-million, according to Mr. McDonald. The mine will differ dramatically from the nearby Ekati and Diavik diamond mines, both of which are deep pit mines. Kimberlites, geological formations that may contain gems, are usually carrot-shaped. "Our kimberlite is effectively like a sheet of plywood," says Mr. McDonald. Winspear will tunnel into the seem, meaning it will disturb only about 10 per cent of the surface area of the other two projects. (c) Copyright 2000 Canjex Publishing Ltd. canada-stockwatch.com

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