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Gold/Mining/Energy : Winspear Resources

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To: Gord Bolton who wrote (12034)	1/15/1999 1:47:00 PM
From: Gord Bolton	Read Replies (2) of 26850

These CF results were reported in 1997. They will be very instructive to anyone who cares to find out exactly what they mean. And even if you bought this stock on momentum and had no idea what you were buying compare the results to any other CF results by any company in the world. It should be very comforting. Canada NewsWire Give us your message. We'll give you the world. Canadian Quotes from Telenium WSP. (VSE) Attention Business Editors: WINSPEAR RESOURCES LTD. ANNOUNCES RESULTS OF CAUSTIC FUSION ANALYSES OF KIMBERLITE BOULDER MATERIAL FROM SNAP LAKE VANCOUVER, Nov. 12 /CNW/ - Winspear Resources Ltd. Trading Symbol: WSP.V Winspear Resources Ltd. (WSP.V) is pleased to provide results of caustic fusion analyses of kimberlite boulder material collected from four sample sites within a previously reported boulder train that was discovered on the south shore of Snap Lake during this past summer's program. Boulders comprising the train are mainly of kimberlite breccia material and are up to 25 cm in length. Snap Lake is located within the Camsell Lake project area that is situated 140 miles northeast of Yellowknife. The Camsell Lake project is a joint venture in which Winspear Resources Ltd has a 57.3% interest and is operator. Results of caustic fusion analyses by Lakefield Research on these kimberlite boulder samples are as follows: << Sample Characteristic/ 64478 64479 64480 64481 Totals Numbers ------------------------------------------------------------------------ Sample Weight (kg) 26.83 23.69 70.22 93.39 214.13 Total Diamonds recovered 80 51 136 227 494 Micro Diamonds 51 38 93 143 325 Macro Diamonds 29 13 43 84 169 (plus)1.00, - 2.00 mm 1 1 8 8 18 (plus)2.00, - 3.00 mm 0 0 1 3 4 (plus)3.00, - 4.00 mm 1 0 0 2 3 Macro : Micro ratio 0.57 0.34 0.46 0.59 0.52 Diamond Frequency: /50 kg 149.1 107.6 96.8 121.5 115.4 /10 kg 29.8 21.5 19.4 24.3 23.1 Macro Frequency: /50 kg 54.0 27.4 30.6 45.0 39.5 /10 kg 10.8 5.5 6.1 9.0 7.9 >> The largest diamond reported measures 3.475 mm in its longest dimension and is described by Lakefield Research personnel as a white, translucent octahedron. Winspear is highly encouraged by these results which represent the best analyses reported to date from the Snap Lake area from which kimberlite has been reported in three other areas around and within the lake. All kimberlite occurrences found to date are significantly diamond-bearing. Characteristics of indicator minerals and diamonds recovered from this area indicate that these various known kimberlite occurrences have a similar mantle source. Planning is underway for the forthcoming winter/spring work program. It is presently anticipated that a significant work program will be undertaken in the Snap Lake area beginning late January - early February. Details of this program will be announced when they are finalized. Winspear Resources Ltd. Randy C. Turner, P.Geo. President and Director The Vancouver Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release. -30- For further information: Randy C. Turner, P.Geo., President and Director, (604) 687-6644 WINSPEAR RESOURCES LTD. has 40 releases in this database.

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