From: Winspear Resources Ltd. (WSP)
winspear.com
mailto:info@winspear.com
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Re: News Release - Monday, March 08, 1999
Snap Lake 1999 Winter Program - Commencement & Update
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Winspear Resources Ltd. is pleased to report on the 1999 exploration program
on the Camsell Lake Property located in the Northwest Territories. Work on
the property is focused at the Snap Lake area.
Currently the drill program, comprising approximately 17,500 metres of
drilling is underway utilizing three drill rigs. This program is designed to
identify a minimum of 3.5 to 5.0 million tonnes of kimberlite resource for a
feasibility study and to outline a further possible 3.0 to 5.0 million tonnes
of kimberlite.
To date, 13 exploration holes have been completed - all of which are
vertical. Three holes drilled to define the up-dip limit of the kimberlite
on the north shore of Snap Lake encountered intersections of kimberlite
between 0.2 m and 0.8 m in core length. These intersections are interpreted
as representing the thinned up-dip limits of the kimberlite intrusion. In
addition to these holes, 3 other holes on the north shore and 7 holes in Snap
Lake have been drilled into the main part of the NW Dyke. These holes have
kimberlite intersections in core that range from 1.3m to 4.8m with an average
thickness of 2.68m. These holes have extended the north-south strike length
to 2.0 km over which significant kimberlite intersections have been obtained.
The maximum down-dip extent of the kimberlite remains at 2.2 km from
sub-crop on the NW peninsula.
With respect to the 6,000 tonne bulk sample, two pits have been delineated on
the NW Dyke and blasting and mucking of the kimberlite has begun. Kimberlite
is currently being stockpiled and shipping has commenced to the processing
plant.
Further updates on the property will be provided in the near future and
results from the drill program will be released when analyses are completed.
Winspear Resources Ltd.
"Randy Turner"
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.
W990308 / NRLS
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Copyright (c) 1999 WINSPEAR RESOURCES LTD.
All rights reserved. For more information, visit our website at
winspear.com or send mailto:info@winspear.com
Message sent on Monday, March 08, 1999 at 5:00:08 PM Pacific Time |
