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

To: average joe who wrote (15081)	2/22/1999 7:38:00 PM
From: Walt	Read Replies (1) \| Respond to of 26850

You just cann't help getting things wrong can you Joe, The Con, and Rycon mines looked so good they went into production with virtually no drilling. They staked them in the fall and started building the mine in the spring. Actually the same thing happened with a number of mines and the hay day of mining. It helps to know your mining history Regards Walt

To: average joe who wrote (15081)	2/23/1999 1:10:00 PM
From: Walt	Read Replies (1) \| Respond to of 26850

I will admit Joe, I was a little flipant in my reply about the number of mines which went from to discover directly to mining and thoought I should clarify. Back in the 30s to the 50s, there were indeed a number of discovers (a few surface trenches etc) that had mines built on them almost immediately. Some turned out to be viable mines others ended up little more then exploratory shafts and underground workings. I am always amazed at how fast some of these were done. A company would find a good surface showing and with virtually no drilling or exploration would sink a shaft (the older ones by hand steeling). Now a days it doesnt happen often. In fact some properties get explored to death befor anyone in head office will commit to mining. So most showingfs get alot of exploration feasablity studies and then of course one requires permitting. Somethoing almost unheard off in the 30s, 40s, and 50s. So historically alot of companies went form discovery to mining but now a days there is usually alot of exploration and time between the two. In some ways though we have gone to far the other way. Exploration is exploration and just an indication.You never really know what you have untill you start running the ore or rock through a mill. Thats what bulk samples and exploratory underground workings are for and some companies would be better off to do the tests earlier. I know a couple companies that will run every type of survey imaginable before they consider drilling not because all the surveys etc are giving "More or better data"but because the geologists are afraid to commit to drilling, in case they have a few dud holes. When in fact the holes would have been far cheaper and told them a lot more then the endless surveys. Ah well exploration is far from an exact science which is part of the fun of it all. Take care all regards Walt