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Gold/Mining/Energy : Winspear Resources -- Ignore unavailable to you. Want to Upgrade?

To: Paul Bilecki who wrote (26600)	8/17/2000 11:14:40 AM
From: teevee	Read Replies (1) \| Respond to of 26850

Paul, Yes, I expect that DSP will be drilling the King claims and conducting more exploration on the Hilltop claims. I have a few observations that I would like to share. I noticed that the drill holes located in Q 17 and P 18 and reported during the VRP, have two intersections. The thickest individual intersections reported over the last two years are proximal or closer to the Snap Fault. This structure trends at about 65 or 70 degrees and runs up into SUF's large claim block north of WSP and east of DSP. If this structure is controlling emplacement and thickness, and if multiple sheets are possible, then you should also consider the potential of the SUF claims. A deposit model conforming with the available data, suggests that the kimberlite came up the Snap fault and was injected laterally into sub horizontal sheets or tongues. The Snap fault may have closed again or pinched after intrusion of the kimberlite. The Snap Lake kimberlite sheets may extend into SUF's claims, however, it is reasonable there could also be additional intrusive centres on the fault on trend up into SUF's claims. Additional kimberite sheets may also have been injected at shallower depths. Pipes, dykes and large blows along the dykes are also a possibility. Also, a parallel trending structure occurs south of the Snap Fault and trends to the south west through the Hilltop claims. These DSP claims are checkerboarded with SUF. It is a pity that DeBeers has made its move now, just when the geological controls were beginning to be understood on WSP's claim block, however, DSP and SUF will benefit from that knowledge. Lets hope the DeBeers takeover of WSP will generate sufficient market interest to provide the funding for another sustained exploration campaign by DSP and SUF. I certainly hope so as there are surely more deposits to be found in this area. regards, teevee