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: The Fix who wrote (5476)	3/24/1998 1:25:00 AM
From: Walt	Read Replies (1) \| Respond to of 26850

Evening Fix. I believe the dyke runs N S and dips west. To be open means they havent found the ends or true extent of the dyke yet. How far North it runs, how far south it runs or how far it extends down dip they dont know so to do a proper feasability on it you would have to drill in those three directions to see just how big the dyke really is. To do this would take a number of drill holes. So yes there would be more drilling. (as you drill step out holes when you stop hitting the dyke then you would have closed it off in one direction. They you would drill to close off the dyke in the other two directions. When all three directions were closed off then you would know the true extent of the dyke. You might not be able to close off the down dip direction but it would get so deep you couldn't mine it anymore. The deeper you go in a mine the hotter it gets and the more expensive it gets so at some point it either becomes impossible to mine or too expensive.) However with the two bulk samples and the drill hopes they already have, it should give them a good idea of what they are dealing with in the area tested to date. If the results are reasonable to good to fantastic then I would expect more drilling and a bigger bulk sample possibly by going underground with a ramp of some sort. If the results are reasonable alot more exploration would be done, you would want to know if it gets bigger or better grade elsewhere along the dyke. If the results are fantastic .....the question comes up when do you switch from exploring to miniing.....once you have enough tonnage proven up to make it an economical operation then you start planning the mine. A good cash flow from a mine can support alot of further exploration. Hope that helps regards Walt