SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Paul Bilecki who wrote (2015)4/24/1999 10:05:00 AM
From: Andrew  Read Replies (1) of 2251
 
I spoke with SUF IR and another source yesterday. Apparently Chris Jennings has told
everyone at SUF that there is to be an info blackout coming out of SUF people
regarding Munn Lake. You Don't believe it call their Munn Lake partners.
This is what I got from a source other than the company so take it as rumor. They have
been drilling what appears a pipe since they put out the release Apr 1 that they had hit
Kimberlite in two separate targets 100m apart in Sonic drill holes. Exert from release
below. All I could get was that they have stopped updating their JV partners and that
they were still drilling and that there would be no news till the drilling was over. Approx
3 more weeks of drilling. Apparently they are on about their 9th hole and they were able
to find a shallower part of the Lake where they were able to drill an angle hole. I was
told that they are using the largest diameter core that drill can handle, about 2.5 -2.75?
This has slowed the rate of drilling a bit. The reason for this larger dia is obvious to most
of us here. Sounds fairly significant to me that CJ would order an info ban.

Thought I'd mention that my source also told me that certain SUF management is rather
pissed off at a certain SI poster, I won't mention any names but apparently the guy has
gone as far as to wait around where SUF geologist Howard Bird, was staying to get a
chance to pry some info. This is also rumor not from SUF but I kinda believe it as the
source is good

Andy

From the Apr 1 SUF release

Munn Lake Kimberlite Target Area
The results of the recently completed sonic drilling program suggest that the
kimberlite boulders found on the shoreline of Munn Lake are derived from an
inferred north to south trending, steeply dipping, kimberlite body. This appears to
be at least 105 metres in strike length. Two of the vertical sonic drill holes
intersected kimberlite bedrock up to 1.4 metres in thickness. Both sonic holes
bottomed in kimberlite after reaching their limit of bedrock penetration and hence
the true thickness is unknown. The kimberlite boulders on the shore are up to 25
metres in diameter.
The presence of pyrope and other indicator minerals, plus a visual study of the
kimberlite material, suggest the two kimberlite intersections are similar to the
kimberlite boulders found on shore. The chemistry analyses, to confirm this
conclusion, are pending.
The inferred kimberlite body lies within a north-northwest trending lake bottom
depression and the southernmost sonic drill hole No. SDH 186, which intersected
kimberlite, lies within 100 metres of shore and in 20 metres of water.


Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News