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

To: Buckey who wrote (7687)	8/11/1998 2:31:00 PM
From: The Fix	Read Replies (2) \| Respond to of 26850

Spoke to Sophie this A.M......... Found out that drilling will start within two to three weeks. They should have about four to five solid weeks of drilling time which will take them into the end of Sept. The grid is being established as we speak and a plan is pretty well about to be Finalized. There is an Archaeologist in camp as we speak starting a preliminary study of the Snap Lake area. This is a great move on Mang.'s. part IMHO as they are starting to watch their backs for the future. The company wants to make sure that their isn't any "Ancient Burial Grounds" or "Sacred Indian/Eskimo" land around Snap. The sampling program has started on the Carat property and work is ongoing. I couldn't go into great detail with Sophie as I was rushed for time to make a meeting. fIXER

To: Buckey who wrote (7687)	8/11/1998 2:40:00 PM
From: DueDiligence	Read Replies (1) \| Respond to of 26850

Thanks John, and yes, it's been tough going for all the companies doing business or attempting to do business in Russia. Small companies like GDB and MSQ spend a great deal of money finding and assaying the properties, and when it comes time to further prove or develop, the well has run dry. I was recently turned on to Goldbelt (GDB), but they're a little to close to Moscow for my taste (Khazakstan) and I truly believe that Eastern Siberia (Yakutsk, Magadan) will produce some the world's best properties over the next fifty years. I realize this is a bold statement, but the communists were very tight-lipped about their resources - and incredibly conservative in their assays. DD