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

To: Mr Metals who wrote (6039)	6/15/1998 11:44:00 AM
From: Frank Sauer	Read Replies (2) \| Respond to of 26850

I asked IR about the difference between earlier drill results (3.69 carats per tonne) and todays bulk sample results (1.19 carats per tonne). Drill results: the drill core is pure kimberlite, and the analysis is done by caustic solution (I hope I got that right). Bottom line is that they extract all diamonds from a well defined kimberlite core, micros and macros. Mini bulk sample results: they blast holes and they cannot avoid dilution of the kimberlite by surrounding material. Then they screen out macro diamonds and only measure those. No word about color of the stones. Evaluation may be done as fast as in 2-3 weeks. They say they are happy with the results, especially the large stones they found. They do not give any figure for approximate mining costs per tonne. Now let's hope for a good price per carat. It need to be over $100/carat to make it interesting. Warm regards Frank