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

To: bill who wrote (8077)	9/21/1998 11:54:00 PM
From: The Fix	Read Replies (1) \| Respond to of 26850

Hello Bill, I'm assuming that ABZ is back in because they think those step out holes are going to lead to a source. I thought that how the deal is structured between WSP and ABZ that once when ABZ depletes there position in the project (Haywood) that it cannot increase (ante backin) up. This is according to Randy. fIXER

To: bill who wrote (8077)	9/22/1998 12:29:00 AM
From: marcos	Respond to of 26850

There's a de Beers thread now #Subject-22933 - skelly's discovered it already ... eom

To: bill who wrote (8077)	9/22/1998 1:12:00 AM
From: Walt	Respond to of 26850

Hello Bill, Fix, Marcos et al the leaves have turned on the birch and the northern lights are out at night, so freeze up is not far off. Im in and out depending on weather etc and have a couple mountains of paper work to attend to. Lots of questions there Bill but Ill try to give it a whirl. To be honest im not sure what is going on. The simple version would be a pipe coming up with fast moving kimberlite. At some place it hits a crack or structural weakness in the rock running at aprox 15 degress and it blows up this crack and out on surface. creating the dyke. If the pipe stopped at the dyke then somewhere under the dyke would be the root pipe. There are other dykes in the area. they may run of off the main dyke or maybe they are connected to the root pipe. Or maybe they are a seperate system entirely. Only drilling will tell. The indicator trains run into the lake so there is something which came to surface there either pipe or dyke. The fact that they havent found it yet may infact means that the pipe got to a certain depth and then became the dykes. So in order to find it you would have to drill below the dykes and get lucky. Time and drilling will tell. So I quess the answer is they may have to drill deeper. As far as I know no one has really encounter this type of deposit befor, usually a pipe surfaces or you have a fissure or horizontal dyke a flat lying one like this that had fast moving kimberlite is a rarety. The variations in the kimberlite in the dyke may also point to a source and they seem to be gearing up for a bigger bulk sample which is a positive sign. The diamond grade or distribution will also be interesting to see. regards Walt