I think we should go over a post VAUGHN made December 3rd. It was packed will excellent commentary.
Excerpts below:
Message 6673013
10. What I do not believe has been discussed however, is the more important possibility of a similar but larger resource on the north shore. If you project the theorized cone circumference, a significant portion occurs under the north shore.
12. While the rest of the north shore that may contain the remainder of the suggested kimberlite sill/dyke has not been drilled, it is reasonable to anticipate that if the geologic model holds true to form, next year's drilling MAY confirm the existence of a significant
additional open pitable resource.
16. So, is there a pipe and if so, where is it? Up until now, I had the impression that WSP had drilled the lake bottom into swiss cheese but WM's maps dispelled that. I did get the impression however that a shot in the dark drilling approach has been followed. Regardless, after reviewing WM maps I now believe there could still be one or more pipes in Snap Lake, and they may be large by NWT standards.
19. However, that diabase dyke that meanders back and forth across the SC fault reads, as do all diabase dykes, as a distinctive linear high on the mag map. Significantly perhaps, there are two large relatively deep mag lows (bulls-eyes) smack on top of that east-west dyke/fault. THESE HAVE NOT BEEN DRILLED.
29. Finally, it erupted up the diabase dyke or SC fault as a classic kimberlite pipe(s). The conical sill/dyke would most likely be a failed ore shoot or possibly a root zone. The majority of the pipe could still be intact or eroded as Spence suggests, if most of the
upper rock unit was a Cretaceous or Devonian sediment. If this model theory holds true, WSP will find a pipe(s) somewhere along the SC fault most probably in association with one or both of those two untested mag lows. Again, the fault is the path of least resistance and the most likely host to a kimberlite.
I look forward to hearing the results of drilling those two fault related mag lows and to the establishment of an open pitable resource on the north shore. If the valuations and ore consistency hold up, WSP shareholders may yet have reason to check out beachfront in the Bahamas.
So - Any comments? |
