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Gold/Mining/Energy : Winspear Resources
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To: Letmebe Frank who wrote (11479)1/10/1999 10:07:00 PM
From: teevee  Read Replies (2) of 26850
 
Hi,
First of all, we don't know yet that the feeder pipe(s) will be located (it could have pinched off after the cone sheet was injected). If a blind pipe is located, it won't necessarily be larger than the cone sheet, which IMO represents a drill inferred resource of over 100 million tonnes. I can see that it would be easy to think that if the cone sheet is that big the feeder pipe must be a monster, but not necessarily so. I have given it zero value and will continue to do so until and if and when it is identified. As for grade, seeing how the cone sheet is hypabyssal type II kimberlite, I wouldn't expect the grade of the feeder pipe to be any different. Current speculation is that the top of the feeder could be at about 700 meters depth under Snap Lake. This is not a problem for methods of mining such as underground block caving etc. In fact I believe that the Con Mine in Yellowknife mines gold ore at depths of 2000 meters below Great Slave Lake. If the feeder pipe(s) is located, accessing it would not be a problem. I would think that either a shaft or alternately a decline down the cone sheet could be used. Locating a feeder pipe I would think would have a positive effect on the share price.
regards,
teevee
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