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Gold/Mining/Energy : Winspear Resources
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To: Surething who wrote (5701)4/17/1998 1:24:00 PM
From: Chas.  Read Replies (1) of 26850
 
Hi Surething........ Lifted this from the Suf thread....... "At the beginning of the call, SouthernEra V.P. Exploration Lee Barker brought us up to date on the drill program at Munn Lake in the NWT. While drilling began last week, repairs to the rig have delayed the program and currently the drill is testing the second target of 16 identified in the Munn Lake - Margaret Lake area. Lee felt that lake drilling might continue to the end of May, and we are sending him a pair of chest waders. An update on the NWT program may be made in about 10 days. Just to the south-southwest of the SouthernEra et. al. drill program Winspear Resources (WSP : VSE : $0.73 : Issued 33.9M) and Aber Resources (ABZ : TSE : $17.30 : Issued 40.7M) in their 57.3-42.7% joint venture at Snap Lake are preparing for the final winter '98 drill program from the lake ice. The final sample of diamondiferous kimberlite from the dike on the western peninsula was airlifted out yesterday morning. The winter airstrip had been in the center of Snap Lake which now appears to be the most prospective area for finding the feeder source" for the numerous dikes and breccia zones in the vicinity. The diamond drill which has been operating in the CL 25 area, should be back at Snap Lake early next week. On Wednesday, the temperature reached +9(C, the warmest day yet. Although there is 5-9 feet of ice on the lakes, snow cover is gone and when longer periods of sunlight hit the ice the candling-process sets in which begins to rot the ice: Winspear will be happy to get another three weeks of drilling. Speculators should keep the limited drill season forefront in their market timing." So things are still moving right along......eom....chuck
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