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

To: J.R. who wrote (5142)	2/11/1998 8:03:00 PM
From: Sapper	Read Replies (1) \| Respond to of 26850

News Release follows: Wekusko property drilling begins Winspear Resources Ltd WSP Shares issued 30,933,265 Feb 11 close $1.08 Wed 11 Feb 98 News Release Mr Randy Turner reports The drilling program on the Wekusko property has begun. Situated in northern Manitoba about 45 miles southeast of Snow Lake, the property incorporates 64 claims that cover about 13,500 ha. The Wekusko property is held under terms of a joint venture in which SouthernEra Resources is operator and Winspear and Consolidated Samarkand Resources are the other joint venture partners. Winspear's interest in the property was acquired when the company merged with Antler Resources in January 1997. A drill program comprising five holes (1628m) was undertaken on the Wekusko property in March - April 1997. Within a thick complex sequence (+100M) of highly altered and prospective volcanic rocks similar to those that host base metal mines elsewhere in the Snow Lake district, a thin exhalite zone (<1m) was intersected as well as three narrow zones containing interesting copper and zinc values with associated silver. A reinterpretation of all data from these claims has highlighted several areas where additional geophysics and drilling are warranted. As a result, a program costing about $400,000 was approved by the joint venture that will test these additional targets with about 3,000m in 10 - 12 drill holes. Winspear's share of this program is expected to be approximately $200,000. The principal focus of Winspear Resources remains its continuing diamond exploration program in the NWT and elsewhere. On its Camsell Lake property where the company is operator, a $2.7 million exploration program is underway during which it is planned to extract a 100 - 200 tonne mini-bulk sample from a kimberlite dyke at Snap Lake and to test a variety of other targets for kimberlite pipes in a 7300m drill program. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com