I am enjoying the discussion and would like to add my thoughts from the October 29, 1998 issue (below). We should see some results over the next few days. Other than some European funds, the bigger institutional players have yet to enter the play. I won't be surprised to see another gap up next week.
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* As the search moves towards larger tonnage sources, one should notice irregularities in the cores. Any blows from the gently dipping dykes would have been saturated with fluid. This fluid is caustic and thus would have caused alteration in the host granite. As you get closer to the feeder or blows in the dyke, these alterations should get more common. Winspear has noted that in hole CL98-17, the "hanging wall of this kimberlite intersection is marked by significant alteration of the enclosing granitic rocks whereas the footwall is relatively unaltered". Winspear appeared to have the tale of something but doesn't know what yet. At this point, the above should only be considered a speculation. As I suggested in the last issue "If winter had not set in so quick, I believe WSP would have followed up on this new understanding with a few deep holes in search of the feeder source."
* Anomaly CL 186, reported last year, also contained altered granite above the complex kimberlite breccia intersections. Mountain Province has also in the past reported altered granite above large intersections of kimberlite. The above supports my speculation that Winspear is getting closer to a larger body of kimberlite. This may be a blow in the dyke or the feeder source.
* As one gets closer to the source, one would also expect a change in attitude of the dyke. The angle of the dyke (the kimberlite contact points) would also change. In the October 14, 1998 news release, Winspear did not report the depth of intersection CL98-19. I was not fully satisfied with Winspear's answer to my inquiry regarding the omission. This leads me to speculate that a change has occurred with this intersection and that WSP may not yet fully understand its implication. Are they getting closer to a larger source? ..."
Sincerely,
Sudhir Khanna, P.Eng.
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