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

To: Andrew who wrote (11591)	1/11/1999 6:09:00 PM
From: kidl	Read Replies (1) \| Respond to of 26850

Winspear's 1998 Hilltop area exploration results Winspear Resources Ltd WSP Shares issued 33,721,333 Jan 8 close $4.10 Mon 11 Jan 99 News Release Mr. Randy Turner reports During the past year, Winspear acquired by staking approximately 320,500 acres in the Hilltop area, approximately 180 kilometres northeast of Yellowknife. The northern boundary of this area adjoins the southwest boundary of the Camsell Lake property. Pursuant to a pre-existing agreement, Winspear has joint ventured approximately 90,150 acres of this property to SouthernEra Resources which has a 20 per cent participating interest with Winspear holding the remaining 80 per cent. The property held by this joint venture is now referred to as the Cache property. The remaining area, approximately 230,350 acres and referred to as the Hilltop property, is held 100 per cent by Winspear. Both the Hilltop and Cache properties are operated by Winspear. To date, Winspear has spent about $975,000 on the combined Hilltop and Cache properties. Work completed includes a detailed helicopter-borne mag/EM survey undertaken at 50 metre line-spacing, comprising 8,900 line-kilometres. A total of 781 till samples were collected, of which about 65 per cent has been evaluated for indicator minerals. In addition, on the Hilltop property, a limited ground mag/EM survey has been completed over a small selected area and two targets have been tested by diamond drilling. During the course of sampling the property this season, eight indicator mineral trains were identified. Follow-up sampling resulted in better definition of the trains and in the discovery of numerous small kimberlite fragments associated with some of them. Preliminary evaluation of indicator mineral chemistry that includes pyropes, ilmenite and chromite, suggests that a significant number of pyropes and chromites plot within compositional ranges normally considered to be equivalent to the diamond stability field. An aggressive exploration program is being planned for this coming winter/spring season to locate the source of the indicator minerals and kimberlite fragments. A program budget of $1.5-million has been allocated for follow-up geophysics and approximately 2,500 metres of diamond drilling during this winter season, together with additional till sampling on the property during the summer season. It is anticipated that the drill program will get under way in March following completion of ground geophysics. © Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

To: Andrew who wrote (11591)	1/11/1999 6:10:00 PM
From: Famularo	Read Replies (1) \| Respond to of 26850

Winspear's 1998 Hilltop area exploration results Winspear Resources Ltd WSP Shares issued 33,721,333 Jan 8 close $4.10 Mon 11 Jan 99 News Release Mr. Randy Turner reports During the past year, Winspear acquired by staking approximately 320,500 acres in the Hilltop area, approximately 180 kilometres northeast of Yellowknife. The northern boundary of this area adjoins the southwest boundary of the Camsell Lake property. Pursuant to a pre-existing agreement, Winspear has joint ventured approximately 90,150 acres of this property to SouthernEra Resources which has a 20 per cent participating interest with Winspear holding the remaining 80 per cent. The property held by this joint venture is now referred to as the Cache property. The remaining area, approximately 230,350 acres and referred to as the Hilltop property, is held 100 per cent by Winspear. Both the Hilltop and Cache properties are operated by Winspear. To date, Winspear has spent about $975,000 on the combined Hilltop and Cache properties. Work completed includes a detailed helicopter-borne mag/EM survey undertaken at 50 metre line-spacing, comprising 8,900 line-kilometres. A total of 781 till samples were collected, of which about 65 per cent has been evaluated for indicator minerals. In addition, on the Hilltop property, a limited ground mag/EM survey has been completed over a small selected area and two targets have been tested by diamond drilling. During the course of sampling the property this season, eight indicator mineral trains were identified. Follow-up sampling resulted in better definition of the trains and in the discovery of numerous small kimberlite fragments associated with some of them. Preliminary evaluation of indicator mineral chemistry that includes pyropes, ilmenite and chromite, suggests that a significant number of pyropes and chromites plot within compositional ranges normally considered to be equivalent to the diamond stability field. An aggressive exploration program is being planned for this coming winter/spring season to locate the source of the indicator minerals and kimberlite fragments. A program budget of $1.5-million has been allocated for follow-up geophysics and approximately 2,500 metres of diamond drilling during this winter season, together with additional till sampling on the property during the summer season. It is anticipated that the drill program will get under way in March following completion of ground geophysics.