Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: marcos who wrote (5340)	3/5/1998 7:19:00 PM
From: Sapper	Read Replies (1) \| Respond to of 26850

Drilling starts at Camsell Lake Winspear Resources Ltd WSP Shares issued 30,933,265 Mar 5 close $0.82 Thu 5 Mar 98 News Release Mr Randy Turner reports Geophysical surveys have been completed for the Camsell Lake property in the Northwest Territories and drilling has started. Approximately two weeks have been lost since the program began because of inclement weather conditions, however, all phases of the current program are operational. A second drill will be mobilized to the property in mid-March. The entire drill program will comprise 7300 metres and will focus on the Snap Lake area, the CL-25 area in the northeast part of the property where two kimberlite pipes have previously been reported, as well as several targets on the Athenia project which is part of the Camsell Lake property. In addition to the drill program, bulk sampling has begun on the kimberlite dyke that comes to surface in the NW peninsula area of Snap Lake. A total of 200 tonnes of kimberlite will be extracted from two separate locations on this dyke and analyzed for its diamond content. Preliminary drilling carried out on the NW dyke during the 1997 program indicates that the dyke occurs over an area of approximately 1000 metres in a north-south direction and 500 metres down-dip to the east with an average true thickness of about 2.5 metres. It remains open to the north, south and east. Analyses of 135.7 kg of kimberlite from the dyke obtained from 11 diamond drill intersections in the spring of 1997 yielded 398 diamonds including 146 macro diamonds. Winspear is operator of the project which is budgeted at $2.7 million. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com