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Gold/Mining/Energy : Winspear Resources

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To: Cohiba who wrote (13072)	1/21/1999 11:44:00 PM
From: russet	Read Replies (2) of 26850

And Winspear thinks they have found the pipe that fed the NW dyke. Reading from the Oct.14/98 drilling report hole CL98-17 returned a 2.5 metre intersection of kimberlite typical of the NW dyke at a depth of 478 metres that is hosted in granitic material. The slope of the dyke is changing to a vertical orientation and the hanging wall of host granite is marked by significant alteration of the enclosing granitic rock - that happens when the host rock is exposed to the superheated kimberlite liquids as they blow up a kimberlite pipe causing a chemical and physical reaction in that exposed granite to form a new, mixed type of rock. As the liquid kimberlite moved out to form the rest of the dyke it cooled sufficiently to stop that reaction from occurring and hence the other intersections don't show that altered wall. CL98-17 is the furthest east hole in the lake and IMO very close to the feeder pipe. It seems like IMO Winspear is telling us where the pipe is within that "95% confidence level" and that they expect the tonnage to increase even more.......in other words, buy some more stock while its cheap and still owned by Canadians. Russet

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