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Gold/Mining/Energy : Winspear Diaminds (Bulls Board) -- Ignore unavailable to you. Want to Upgrade?

To: Rocket Red who wrote (703)	3/8/1999 10:42:00 PM
From: mark calgary	Read Replies (1) \| Respond to of 1172

Winspear Resources Ltd WSP Shares issued 33,721,333 1999-03-08 close $3.44 Monday Mar 8 1999 Mr. Randy Turner reports For the 1999 exploration program in the Northwest Territories, work on the Camsell Lake property is focused at the Snap Lake area. Currently the drill program, comprising approximately 17,500 metres of drilling is under way using three drill rigs. This program is designed to identify a minimum of 3.5 to 5.0 million tonnes of kimberlite resource for a feasibility study and to outline a further possible 3.0 to 5.0 million tonnes of kimberlite. To date, 13 exploration holes have been completed, all of which are vertical. Three holes drilled to define the up-dip limit of the kimberlite on the north shore of Snap Lake encountered intersections of kimberlite between 0.2 metre and 0.8 metre in core length. These intersections are interpreted as representing the thinned up-dip limits of the kimberlite intrusion. In addition to these holes, three other holes on the north shore and seven holes in Snap Lake have been drilled into the main part of the northwest dyke. These holes have kimberlite intersections in core that range from 1.3 metres to 4.8 metres with an average thickness of 2.68 metres. These holes have extended the north-south strike length to 2.0 kilometres, over which significant kimberlite intersections have been obtained. The maximum down-dip extent of the kimberlite remains at 2.2 kilometres from sub-crop on the northwest peninsula. With respect to the 6,000 tonne bulk sample, two pits have been delineated on the northwest dyke and blasting and mucking of the kimberlite has begun. Kimberlite is currently being stockpiled and shipping has commenced to the processing plant. Further updates on the property will be provided in the near future and results from the drill program will be released when analyses are completed. (c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com