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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: GEORGES who wrote (2855)4/14/1999 3:14:00 PM
From: VAUGHN  Read Replies (4) of 7235
 
Hello George

Are you sure that web site info is up to date? Has anyone checked with NS?

When the 300-membership list was published, SUF was not on it and most resource stocks had been removed.

Confluence, Andrew, Paul, ET all.

In my mind, there is still a very remote possibility at Munn that SUF have a very oddly shaped pipe such as the Camafuca (much smaller). Possibly long and relatively narrow at one end and widening out at some other point. If you look at the footprints of the pipes on the SUF website slide show graphic on this subject, you can see that irregular footprints routinely occur and while carrot shaped cylinders may predominate, they are by no means universal.

So, while SUF may be intersecting 8m to 25m widths at the south end of this kimberlite, it is possible they might realize more significant intersections to the north. Whether those more significant intersections occur over a strike of more than 105 meters is of course the key issue.

It is also possible that the kimberlite widens out at depth like MPV's Tuzo pipe and/or has a granite cap like the 5034 but I think this unlikely.

We will just have to wait for enough SUF drilling to truly establish the dimensions of the kimberlite resource.

Whether the 100m sonic drill fence was cut off up ice of just the 105m intersected or whether it extended to the north and east of the most northern intersection is the key.

If it was NOT cut off, then the drill would have presumably intersected a very wide diatreme north of the most northerly kimberlite intersection. Since we did not hear of such an intersection, a large diatreme either does not exist there or the sonic drilling was cut off and this area was never tested.

If it was cut off, then there might possibly still be a very wide kimberlite diatreme to the north of the last intersection.

My personal belief however, is that a wide sonic drilling fence would have initially been used and slowly narrowed as it moved east (up ice) as geochemical indicators were found. In other words, if a large kimberlite did exist beyond the most northerly intersection it would have contributed geochemical indicators to a wider train, which the sonic drilling would have detected. Since no train extension was detected to the north and the drilling east of the kimberlite intersections did not find geochemical indicators, I remain less optimistic than some that a major pipe exists in Munn or that the kimberlite that was found is anything other than a very modestly sized irregularly shaped pipe at best and a dike with a smallish blow in it at worst.
Sorry Paul, but that is just the way logic lays it out for me.

Now we know we have at least 30 and probably more pipe targets at Yamba and I am betting dollars to doughnuts that SUF has completed their airborne survey, conducted ground mag on a number of early target discoveries, confirmed their potential as kimberlite pipes and is drilling one or more of them right now.

Question is, will they drill the most exciting targets first, or the ones most likely to be unreachable once ice is out?

I am betting that they have compromised, as CJ knows they need good news, so out of their early targets, say a third, they have selected the most exciting (largest with the best chemistry) and are drilling those.

Mean while, they are probably completing the ground mag over the remaining targets matching findings with chemistry, and prioritizing the next phase of spring drilling.

The great thing is that a number of DMM's good pipes to the south had lousy chemistry even predominant G-9's, so the exploration side of the story will not be over at Yamba lake until the last pipe target is drilled and the core is tested.
This is going to be a great spring, summer, fall story and probably the focus of the junior resource market this year. Keep in mind, if some of those big lake targets are not drilled before ice out, the exploration story will still be in focus next spring.

Regards
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