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Gold/Mining/Energy : Winspear Resources

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To: George J. Tromp who wrote (9715)	11/26/1998 3:43:00 AM
From: Taz	Read Replies (2) of 26850

GJT and Spear Threadsters: Greetings from the diamond capital of the Great White North and the location of the 1998 Geoscience Forum. Attended a WSP open house this evening complete with RT and some of the crew. Discussed lots, looked at and discussed some of the recent mapping, plan sections, air photos, kimberlite samples etc. IMHO: George's latest posts on facts is right on. Cone Sheet theory, is now less of a theory and more inference, given data available. The various SI posted tonnage projection guesstimates for the resource have validity when extrapolated to the various points on and around Snap Lake given drill proven continuity on strike of at least 2 kliks plus coupled with dip angles encountered. It would be fair to make guesstimates of resources in the POSSIBLE category versus probable or proven. HOWEVER, the resource on the NW peninsula is Drill Indicated and is essentially in the PROVEN category. The Snap is truly an exciting and interesting project and geological concept. We will be learning much technical data from this occurance for many years to come. A LOT of work remains to be done before the full extent of this event will be realized. A LOT of work will also have to be done before this project is at production stage. All in all it looks like its worth sticking around for and there should be some interesting and even exciting times over the months ahead. Snap and the various other WSP projects are like a breath of fresh air compared to much of what the market has given us over the last several months or more. Gettin' late. Gotta run. L8er Regards TAZ PS: This thread and some of its threadsters made for some fun and interesting discussion over the last couple of days and this evening. There are more lurkers out there than the streets and back alleys of the Big Apple.

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