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

To: bill who wrote (3819)	11/11/1997 1:29:00 AM
From: Walt	Read Replies (2) \| Respond to of 26850

TO bill and the fix A whole bunch of questions all at once but Ill give this a try. Dave Smith a local prospector and boat captain knew that drybones bay was a round abnormally deep bay of great slave lake so he staked it and even paid for the first drill hole which hit kimberlite. That started a mini staking rush in the Yellowknife area. A claim is good for two years and then you either have to let it lapse, pay money in lieu of work or you have to have a bunch of work done to file on the ground, so it gets very expensive holding alot of ground. After glaciation parts of the continent were covered by large lakes (agassi and Mconnel were the largest) and these of course laid down alot of sediments over the glacial till in some places and in others the glacial till got washed away so this makes till sampling not much use. You either have to dig below the sediments or if you find something it is difficult to trace it back to its source. In the Yellowknife area a number of geophysical targets have been drilled by Gerlie gold, Southernera, Gitennes and others but none turned out to be kimberlites. So with no till samples to work with, no success yet with geophysics, etc not much is going on locally but one never knows. Someday no doubt other pipes will be found but....its tricky. Unless a new technique comes up to find pipes it will either be pure blind luck or someone drilling on a hunch. Till sampling would work in a forested area if you dig below the recent soil horizons but if the area were part of one of those ancient lakes, you would also have to go below the old sediments. I would have to look the area up on maps to see if it was part of one of those old lakes but the modern great lakes are what is left from one of those old lakes so.....you could well be right. hope that helps some regards Walt

To: bill who wrote (3819)	11/11/1997 2:48:00 AM
From: GOLDIGER	Read Replies (1) \| Respond to of 26850

Open question to all persons: Tax loss selling seems to be on everyone's lips these days. My question is: Did the Bre-X effect, followed by the serious decline in the price of gold, distort this years junior mining cycle enough to affect the traditional end of year tax loss selling of juniors? In other words will tax loss selling be lighter or heavier this year? I believe the answer to this question will be particularly relevent to stocks like Winspear which have already had the bejeezes beaten out of them. Thanks in advance for any feedback. GOLDIGER