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Gold/Mining/Energy : ASHTON MINING OF CANADA (ACA) -- Ignore unavailable to you. Want to Upgrade?

To: ddl who wrote (5437)	6/22/1998 7:00:00 PM
From: Jesse	Read Replies (1) \| Respond to of 7966

Hi Denis. I'm a lil shy on time (and knowledge!) right now, but I can throw out a few leads for you. These last WSP reported carat valuations, I believe, were based on the WSP pit extractions (200tonnes) from the Snap Lake area of the NWT. (WSP WebSite: winspear.com ) The Snap lake dyke is a type of fissure deposit (meaning it is not a 'pipe' deposit); it is yet unclear as to extensions, dip, source, tonnage, etc, ... --see this description of such deposits - ('Notes on Kimberlite Fissures versus Pipes'): southernera.com This means the dike (or dyke) samples are drawn from small vein-like zones, etc. -- The Resource Indicator reports, Dykes are the result of a wall-like body of igneous rock formed as the effect of having been pushed up into a crack in the material over it when in heated and liquid condition. In a highly fluid melt, particulars settle. In the case of the Winspear dyke, this material has been forced up on a gently dipping slope. - - - - - Canaccord had this to say about WSP's 2nd last NR, prior to today's news (wherein the Snap grade results were reported, from which today's carat valuations were made): The dike is believed to be shallowly dipping with a "several million tonne" resource. The economics of mining such a body in the NWT has not been seriously contemplated. However, the feeder system or pipe which parented the NW Dike and numerous other kimberlite dikes and breccias at Snap Lake has yet to be found, and these bulk sample results underscore the importance of continuing an aggressive program at Snap Lake. At this juncture, we do not know if a summer drill program is likely: surface detailed mapping and reinterpretation of geophysical data is planned.... However, the feeder system or pipe which parented the NW Dike and numerous other kimberlite dikes and breccias at Snap Lake has yet to be found, and these bulk sample results underscore the importance of continuing an aggressive program at Snap Lake. (D.James, Canaccord, 6/16/98) Kaiser gives a current, best-case estimate at 7.2 million tonnes for this dike: The eastward dipping dyke sheet has been traced down dip at least 1,800 metres, and along strike up to 800 metres. Its thickness is averaging around 2 metres. Keeping in mind that insufficient drilling has been done to establish continuity, and the strike length down dip, we can do a best case tonnage calculation (1,800 m x 800 m x 2 m x 2.5 specific gravity) to arrive at a figure of 7.2 million tonnes. (BFT, 6/19/98) The Resource Indicator says that now, WSP should move into the next phase of exploration, "This will involve drilling evenly spaced intervals to prove the extent of the dyke and to develop an understanding of the internal variability of the dyke. Does the Dyke pinch or swell? Is it faulted at all?..." (TRI, 6/15/98) - - - - - - - The Resource Indicator website (TRI): goldsheet.simplenet.com Kaiser website: canspecresearch.com Canaccord website: canaccord.com E.Charters says this re. WSP's Snap Lake tonnage thus far: Message 4956172 --E.C. website: timmins.vianet.on.ca ------------------------ --regardless, The avg value per carat reported today is sensational. - - - - I likely have errors in the above, but I hope it helps some! Cheers, -j :> PS -- about carat weight, size etc: pgr-gem.com