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

To: Walt who wrote (16076)	3/19/1999 2:21:00 AM
From: russet	Read Replies (3) \| Respond to of 26850

Just a few ditties to keep things hot: All this comes from talks with RT, Sophie and other notables from Winspear at PDAC. Main concern of current project is to prove up option #2 of MRDI report of the summer of 1998. Bottom line,..... they want a mine,...real fast!!!!!! 6000 bulks are out of NW peninsula and on route to Diavik processing mill, and possibly another plant. They came from several meters east of existing minibulks, but 40 to 60 meters of overburden had to be removed before getting to the kimberlite. 40 trucks are taking it to the processing plant,....20 to 40 tonnes per truck. Kimberlite sucks up water, and that freezes, so they have to unthaw it and dry it out first, which takes 1-2 weeks per load in the heated plant. 150 truck loads had been delivered, or are on route as of Sunday, March 14. The kimberlite is followed from Snap to the processing plant and to everywhere else, by at least two independent auditing companies,..(if this kind of security and auditing happened at other mines, Bre-X would never have happened). The diamonds come out of the processing plant and always have these two or more companies checking on their progress. After weighing, the diamonds are secretly taken from the plant,...under heavy security, and transported, by means no one knows, to their eventual destination,.... the Antwerp diamentaires, to be valued. No one knows how they get there,...or when except the auditing companies. RT flew to Antwerp to be there when the minibulks were valued, and had to wait there for several days before they showed up. The diamonds from bulks and cores are still in the hands of these audit people, and if anyone wants to see them, a representative from each auditor must be present to allow it to happen. 4 drills are operating on the lake as of Sunday, on 20 meter spacings (I think, I may be wrong on the spacings,.... I was looking at the maps when being told this) Time is taken after drilling each hole, to pour cement down the hole to ensure the integrity of the mine is maintained (if this was a scam, would they bother going to this additional expense???) If the lake water got into the kimberlite it would ruin the integrity of the ore and the eventual mine. RT says that the bulks and stepouts to prove up 5 million tonnes is all the bank wants to lend the money to commission the mine outlined by the MRDI study. Now for the big story. Winspear had a diagram of current understanding of the dyke and feeder system. Got your grid map out? The feeder is believed to be much bigger than I imagined. CL186,.... remember the brecciated blind pipe in the east of the lake???,... that is thought to be the eastern edge of the feeder pipe for the dykes. That's why CL186 wasn't very deep,and was contaminated with so much country rock, it's thought to be the edge of the pipe. The center of the pipe is thought to be in K15 or K16 indicating the western edge of the pipe is close to edge of the NW peninsula. So current Winspear thought is the pipe is about 2.0 km in diameter or 1250 hectares. I ask you,....is that not a monster????!!!!!! By the way,....the tale of the big diamond in a drill core was confirmed by RT. Problem was it had broken into many little, morphologically similar pieces, so they couldn't claim it as being one diamond,....but if you put the pieces together it would have been 16+ carats in weight,....not bad for a drillcore eh???? And I went to the Rio Tinto open house and noticed a notable Winspear person having a great time there. Could this be our new partner in the richest diamond mine in the world???? In a few months I may be able to afford one of those famous paintings or yours Walt. Got one with a few diamonds in it??? russett