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Gold/Mining/Energy : WillP Speaks on Winspear
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To: Clifford A. Brown who wrote (96)3/8/1999 9:26:00 PM
From: chummer  Read Replies (1) of 177
 
Author: WillP -- Date:1999-03-08 18:06:10
Subject: It's Out Already???

DiamondWillie:

Cool. Well...pretty much to be expected, I
think. My immediate take is this:

#1. Winspear wants to identify about 5 million
tonnes of kimberlite in the vicinity of, and under
the lake near the NW peninsula. That's for the
feasibility study for a 1000 tonne per day
operation.

#2. And now they've more or less said
it...they're looking for an additional orebody on
the north shore. That would/could logically be
for one or two additional 1000 tonne per day
operations.

#3. They also went fishing for a near outcrop
on the north shore...and appear to have struck
out. That may have negative implications on
there being a north shore bulk sample this year.
Maybe not...no indication of depth here, after
all. :-)

#4. Remember the battleship game...more
targets called...more hits. Ten of them...all
booming away with good kimberlite
intersections. That's ten for ten. Some of those
hits were supposedly longshots too.

#5. Sounds like at least one of the ten holes
was drilled at least 400 metres north of the
most northerly hole last fall. Previous releases
talk about 1350 metres being the north-south
strike length...and it is now apparently 2000
metres. That, if indeed is the case...is of major
importance that cannot be understated. Of
course...information here is sparse, and so are
drill holes. But...though news is limited...it's all
good. I would like to know the kimberlite
thicknesses and depth for each hole...oh, I
would like to know so very much.

#6. I'm guessing this will be another 'ho-hum'
news release to the market. I think you can
infer what I think of it. :-)

Regards,

WillP
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