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Gold/Mining/Energy : Winspear Resources

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To: Claude Cormier who wrote (19023)	5/4/1999 2:04:00 AM
From: D.R.A.	Read Replies (2) of 26850

Claude, The way it was described to me by Dr. Bob and in layman terms was that many millions of years ago when the pipe (yes pipe) was forming a lot of pressure builds up from below (2-3 hundred km below) as it builds and before it makes its final push to the surface it forms a large area of kimberlite like in the body of a carrot and as most describe a regular pipe. In the case at Snap Lake instead of blowing to the surface like most pipes its path of least resistance was a fracture of some sort and the pipe did not make it to the surface, but instead lifted and filled the fault, like when they repair windshields with epoxy or do mudjacking and raising driveways. To get an idea of the pressure watch and old clip of Mt St. Helen erupt. It is Dr. Bob's belief that the pipe never hit the surface but stayed a couple of hundred meters below surface. As the ice ages came and went the original elevation of the area of Snap Lake was much higher and has now been swept away. This is where one today gets and traces back the indicator minerals to the pipes. It is also his belief that most pipes found in the NWT contain less than half the original kimberlite as it has been taken away by the ice, however he also believes that at Snap Lake all or most of the kimberlite is intact because it never made it to surface. When I asked him about the consistency of the kimberlite, he told me that it was indeed type II kimberlite or orangeite and that it is the most consistent of all kimberlites. (thank you teevee) The other important thing is that he believes that this was a single emplacement which would help to add to the consistency. I have had the opportunity to meet and speak with Dr. Bob and his credentials have been posted on this thread and because of what he believes and what others have posted I'm long. As to my belief, I think the chances of grade and valuation holding up are ten times as good as my wife wanting to get friendly tonight. (80 to 90 percent) Now I am just a speculator and I have done my own DD and as stated before this is not my area of expertise but I feel comfortable with my purchase. Others are much more eloquent and should be able to describe a cone sheet for you. Look over Teevee's posts. regards, DRA PS I did not want to leave the impression that SI and Dr. Bob are my only sources for DD but what has been talked about on SI also confirms other sources including nr's, analysts and certain nlw.

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