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Gold/Mining/Energy : Canadian Diamond Play Cafi

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To: Famularo who wrote (674)3/14/2003 11:23:16 AM
From: Letmebe Frank  Read Replies (1) of 16213
 
Frank - RE: "DSP gone back into coma?"

DSP seems to be holding up quite well. At the PDAC they had some nifty diagrams of the indicator trains they have been following on Bear Head. Given what was said in the last NR.. "Major Drilling Inc. has been contracted to undertake a minimum 750 metre drill program to test several targets commencing during the third week in March", It appeared to me that they were closing in on a source for an unresolved train.

The gent I talked to (sorry didn't get the name) told me a story of how Chuck Fipke, when he first got wiff of indicator minerals in the NWT, followed them to Ekati. But given the direction of ice flow, where Chuck first found indicator minerals, they couldn't have come from Etaki. He just sort of fluked his way onto another train, that of Etaki. The train that got him started has yet to be resolved, and is suspected to come from the Lena property area. A map they had of the property showed how the Rocky mountains couldn't move through the Lena area, the theory being it has a deep craton under it. They are very excited about this area, and may well be onto something good.

I have a better feeling about DSP now. I may accumulate more if it drifts under a buck.

As far as other nuggets of info gleamed from PDAC, there isn't much more for me to reveal. It was a good show, and I encourage people to attend if possible.
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