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

To: The Fix who wrote (13187)	1/22/1999 8:11:00 PM
From: Rocket Red	Respond to of 26850

Fix I would guess 98%

To: The Fix who wrote (13187)	1/22/1999 10:06:00 PM
From: Walt	Read Replies (1) \| Respond to of 26850

Thanks folks, a little geological understanding does help especially when it comes to the maps and press releases because then you get to put things into context. Also most of the nay sayers aren't up on their geology too much. Alot of folks said Fipke and Diamet were hoaxes, Aber and Mountain Province so nothing new about having nay sayers around. DHK looked good, had a big pipe but didn't have the grade and Mill City was certainly disappointing so one has to judge each property and company accordingly. Howdy Fix. Daivik -all the pipes they plan to mine are in the bay of an island just off shore of Lac du gras. The ones Ekati are after I think its 3 out of 5. Mountain Province are all under a swampy area or shallow lake I believe. I would say probably 80% in total of the kimberlites are under water, the rest seem to be under overburden and only a few have any outcrop exposure. Now to Francois. Most of the pipes in the Territories are in the precambrian shield. Set a drill up and before long you hit rock. That rock extends all the way down to the mantle, if you could drill that far, and its all precambrian. We are talking really old rocks which predate fossils, predate forests, predate everything. So the magma coming up didn't pick up any trees. At diavik they have some crator facies so thats material which made it to surfuce but when they drilled into the pipe they hit charred wood. It didn't come from below so the tree must have fallen into the kimberlite and during its pulses got carried down. I've see the wood and its charred but it is wood. You could give Diavik or Aber a call, they may have a better explanation but that is the way I understand it to have happened. Now in other parts of the Territories we do have sedimentary rocks overlaying the basement precambrian rocks but not around Lac du gras. Hope that helps some. regards Walt