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Gold/Mining/Energy : Winspear Resources
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To: Grant Baker who wrote (3477)10/15/1997 9:45:00 PM
From: Walt   of 26850
 
Ok for all who are interested this is what appeared in the news of the north nnsl.com on monday under buisness briefs and if it caused the price rise then WSP should think of taking out a full page ad.
WINSPEAR FINDS ANGULAR KIMBERLITE
Winspear Resources reports a new area on the west side of Snap Lake with "very angular chunks of kimberlite" on the ground "Its likely they are close to the source," says president Randy Turner "since the fragments are very angular and not round."
Winspear has spent $20million since it began exploring the Snap Lake area of the Camsell property in the NWT since 1992.
This January, about two dozen workers, similiar to the size of last years crew, will be doing extensive exploration drilling at the site, says Turner.
The project area is 225 Kilometers northeast of Yellowknife.
With the exception of the new discovery which has yet to be analyzed. all kimberlite found so far in the Snap Lake area is reported as diamond-bearing.

(A local world renoun diamond expert who wouldnt give his name or disclose his sources is quoted as saying "there must be some mistake. Those boulders were blown from SUF-KLA ground by last years blizzard and that is why they are so angular. His observations are based on proven geological facts not opinion however he refused to disclose his sources)
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