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

To: Chris A. who wrote (3880)	11/13/1997 5:50:00 AM
From: George J. Tromp	Respond to of 26850

Hi Chris: I havent talked to Winspear in quite a while so I am not currently up to speed on the dollar amounts. Winspear does last I looked had 9.4mil in the treasury. Last year approxim. 3.1 mil was spent., which included Geophysics., surveying., til sampling and around 30 targets drilled. Most of the work done this current year such as sampling ,., baythemetric surveys., close spaced sampling and the like was figured into the current budget for 97. If the new winter spring program moves into the 5.omil range., it is an expansion of the budget from 97. It would indicate a much expanded drilling program and bulk sampling of the dyke system. If the total program is 5.Omil ., Winspears share would be around 3.0Mil. Still leaves around 6.O plus mil in the treasury. Still enouhh cash to work the other properties as well. Marcos asked about Caustic testing of drill cores. For total diamond recovery., the best method to date is Caustic Dilution., in otherwords the core is disolved chemically takes more time., but more accurate and preferred over crushing the core. X-Ray sorting is a method of diamond recovery . I will post more later when time permits. George