Hi,
Here is my preliminary comment:
1. Winspear notes that at the NW peninsula, they extended the strike length to more than 1350 meters north and at least 2200 meters down dip. IMO they are being very very conservative saying they hope to block out an addition 10 million tonnes in an area that already has about 23 million tonnes indicated by wide spaced holes, located within only the western quadrant of the cone sheet.
2.Winspear states that in addition to the NW peninsula, the three "dykes" on the east and south-east part of Snap Lake all may originate from a common centre. IMO, although it is possible that the Snap Lake cone sheet is a single large sheet originating from a single source, examples of cone sheets elsewhere in the world document that multiple sheets and multiple feeders/vents are the rule. The implication is that there could be more than one verticle feeder system (blind pipe).
3.Depending on the depth to the top of the feeder system, IMO, about 3 800 meter holes will be required to reach and sample the blind pipe(s) if they are there.
4. Given the continuity that the cone sheet has thus far demonstrated (Winspear stated that no apparent structural discontinuities have been recognized that could significantly impact open-pit or underground mining operations), if the holes on the south-east and east shore are incorporated into a single cone sheet for the purposes of calculating drill inferred tonnage-and for discussion purposes on this thread(not indicated or proven tonnage-this depends on the comfort level various reporting bodies have with respect to distances between drill holes etc. and in the context of the type and style of deposit), it is easy to end up with over 100 million tonnes resource in a hurry.
5. A preliminary scoping study at higher tonnage rates will not be published until drill proven tonnage numbers will support it.
6. We now know that micro diamond data is in hand and being evaluated. It must be pretty dam good, given the $12 million dollar budget. I can hardly wait until they announce it in a NR.
In basketball parlance, this is as close to a slam dunk as one can get in this business. I don't care how hard the price gyrations are. I'm hanging on for the grand slam. This Dr. Bob fellow may well be right in his description of Snap Lake being the diamond discovery of the century.
regards,
teevee |
