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Gold/Mining/Energy : Trump's 12 Diamond Picks, Discussions Limited -- Ignore unavailable to you. Want to Upgrade?


To: Chas. who wrote (529)2/1/1998 9:46:00 AM
From: George J. Tromp  Read Replies (3) | Respond to of 2251
 
Hello Chuck: If I recall correctly Abers pipes are in the 60 to 70million
age dated range. I may not be sure on that but they are young kimberlites. The Mountain Province pipes., I recall reading somewhere that the 5034 was 120million years age dated. I cant list
a source but have that filed in my mind. Well what I find interesting.,
is people used the age dating theory of pipes to both support and dimiss the potential sources on a property. If I am correct on 5034.,
we have a kimberlite that is old in reference to Abers pipes., but yet
seems to hosting a 20mil ton resource. If the general hypothesis used
by assessors is used 5034 should have been extremely eroded. It may
be., but the point is it still holds substantial tonnage. I think Winspear
does have remnants of eroded system on their property. This has
probably aided in the difficulty of distinquishing or tracking the source.
However., the angular boulders., large size., and lack of weathering
and inclusions of foreign material., points to a volatile event. If you
note the dyke area has no surficial expression., 186 has no surficial
expression., the kimberlite boulder has been noted by
Winspear as being different from those areas mentioned. The only
logical conclusion at this point IMHO is the event that produced the
boulders were the result of a dynamic kimberlite emplacement. As
Walt has mentioned before., black inclusions., wood or coal., whatever didnt get in those boulders thru a dyke system., not enough
volatility in the kimberlite. They would have had to pass thru a coal
seam. Coal is not apparent at Snap Lake. So the boulders most likely
were expelled thru a venting occurance within the lake., picked up
wood., rolled back into the crater area. So glacially the boulders were
more than likely moved on to land. The top of the pipe could be covered with 30 meters of overburden. If you will recall all drill holes
in 96 consisted of 115 holes a total of 10,000 ft. The last 4 holes of
that program interesected dykes. They were drilled deeper not much
than the rest. So the average hole depth in that early program was
designed to just get thru the layers of overburden in Snap Lake., it
was a shotgun approach that started late in the season., hoping they
could make a quick hit. At that time., there was not any knowledge
of the dyke area., boulder areas., or the widespread nature of the
diamonds susbsequently found. The fact 186 didnt enter kimberlite
until 107 meters of granite., the fact that Mountain Provinces pipes
are deeper than Abers lends a hell of a lot of credence to the fact
Winspear pipe source lying deeper than previous drilling has
shown in snap lake. I am not hear to sell stock., I could give care less., I just think people should start looking at the facts and quite
giving flippant answers and guesstimates. Paul Centis wants us all
to compare Mountain Province to Aber or Diamet. That would be
fine if Mountain Province used the same reporting standard. Just
to give you a selected example. The stones from the dyke area
were total of 401. Out of that 401., 25 of those stones were over
1.0mm in one direction. 37% of total stones were greater than .5mm.
If you go back to the early boulder samples on the dykes., many of
those stones were 1.40mm to 1.6mm. What does this mean., well
it means 6.2% of those 401 stones are real close to economic cutoff
point., which are stones over 1.5mm in one direction. Now along come Mountain Province., well, we want to include only stones over
.5mm in one direction we evidenced in their oct press releases., well
you can throw those stones out. Now we come to Dec press release.,
now they up the counts to stones that wont pass thru a 2mmx2mm
screen sieve. Well., look at the counts of those stones., how many
of those will pass thru a 2mmx3mm screen. Most will, obviously the large stone wont. so what I am getting at here., people may not like
what I am saying but I have never been one to back down. It seems
apparent that Mountain Province wants everyone to believe it has
raised the standard in defining economic stones. The fact is 2mx2m
stones may have commercial implications., but stones over 2x3 are
the ones that will be used in valuing a pipe. Winspear has three
stones that will not pass thru a 2mmx3mm screen in the boulders
as well as some other ones as well. Go to the press release and
see for yourself. As i said in the clubhouse., looking at MPV early
results,, I am hopeful because i see some nice size stones., but it
one goes back to 5034., there are thousands of stones in that pipe
(remember 8.4Carats/ton) back in 94. All i am saying here there will
probably be a nice population of stones in the 2mmx2mm range which
is probably similiar to the 5034. The Tuzlo appears to be showing
early large stones., this is what will be needed to be seem in the
mini-bulk stage. The fact it has shown up in delineation drilling., tells
me they will find more as the program progresses. I apologize if
I sound nit picking., but I dont think Aber and Winspear would be
taking a 100 to 200 ton bulk sample,, if based on the stones they
already have seen., in reference to quality and early potential size
implications. Most of the stones in 5024 were small., hence the 1.5
carats/ton. I think the Tuzlo may be considerably better. This is not
a knock on Mountain province in the least., but as well., the early
results Winspear dyke and boulder system shoudl be taken seriously
as well. And paul I would glady discuss MPV and their potential when
one sees all the drill holes (delineation holes in each of the pipes,)
Only then can you or anyone else realistically start comparing Aber
to Diamet early results. What I would like Mountain Province to
release when the definition drilling is complete is the following. Dr.
Vandersande should be willing to report each and every hole from
top to bottom., total drill depth, total intercept,total kimberlite in each
and every hole. Am I asking a lot., well it all depends., as I recall
Paul., Aber didnt have a problem accounting for each and every hole
and everything in between. Get the drift.??????????????
Sincerely
George J. Tromp