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

To: Rocket Red who wrote (17160)	3/30/1999 1:31:00 AM
From: .Trev	Respond to of 26850

SOME THINGS STILL PUZZLE ME AFTER STUDYING THE 3/26/1999 RELEASE AND I HAVE ADDED INTERSPERSED WITH THE ORIGINAL wsp TEXT MY OWN MUSINGS IN CAPITAL. I'M NOT TRYING TO PUT WORDS IN ANYBODY'S MOUTH, BUT IT SEEMS TO ME THAT WE MADE A HECK OF A LOT MORE PROGRESS WITH THIS RELEASE THAN ANYBODY HAS SO FAR RECOGNIZED. ANY COMMENTS????? “The current drill program is well underway utilizing four rigs. A total of 51 holes (6138 metres) have been completed on the NW dyke to March 23. Twenty-one closely spaced holes were drilled to define pits 3 and 4 from which the bulk samples have been extracted. An additional 4 holes were drilled to TRY UNSUCCESSFULLY TO locate a possible bulk sample site on the north shore. Apart from two holes drilled on the north shore that extended the north-south extent of the dyke to 2.0 km., AND THEREBY INVOLVE AT LEAST TWO AND POSSIBLY MORE GRID SQUARES IN THE SEARCH FOR OPEN PITABLE TONNAGE,drill spacing is on a 200 metre grid extending east from the NW peninsula. MRDI Canada, A Division of H.A. Simons Ltd., is currently evaluating all drill hole and intersection data available to March 23 to determine if additional in-fill drilling is necessary to achieve feasibility standards for future tonnage estimates.” A map attached to this release shows the location of all drill intersections on the NW dyke to date. In addition, a Table included on the map summarizes the number of holes drilled in each 400 metre by 400 metre block over the area tested together with the average down-hole thickness of kimberlite in each block. These figures are not true thicknesses. However, the average dip of the kimberlite appears to be about 15 degrees; hence, true thickness at each site is expected to be approximately 90% of reported down-hole thickness. True thickness for each hole will be calculated when the interpretation of the cross-sections and longitudinal sections are completed. This map is similar to the one accompanying a news release dated January 26, 1999 on which microdiamond results were presented. The Table summarizes the results of 125 drill intersections on the NW dyke that have been obtained during the 1997, 1998, and 1999 drill programs. The average down-hole thickness of kimberlite in these holes is 2.57 metres. In addition to these holes, several holes on the up-dip edge of the kimberlite dyke on the south end of the NW peninsula (block I11) and on the north shore (block L11) are less than one metre thick and appear to define the limit of dyke emplacement in these IMMEDIATE areas. These thicknesses have been excluded in determining the average down-hole thickness presented above. Results from all other holes are presented in the Table included on the attached map. The NW dyke is remarkably constant in thickness. Data suggests that the dyke may thin somewhat towards the southern limit of drilling. This appears to be more than compensated by a somewhat thicker zone that trends approximately N75E from block K11 through blocks K12, K13 to block L14. ONE THING I HAVE NEVER GOT STRAIGHT IN MY MIND IS THE ROLE THAT THE SNAP CRACKLE FAULT PLAYS IN THE DIKE EMPLACEMENT AND THIS PREVIOUS COMMENT PUZZLES ME EVEN FURTHER SINCE THE DESCRIPTION OF THIS THICKER TREND APPEARS TO ME TO BE ALSO A DESCRIPTION OF THE FAULT'S LOCATION .On-going drilling will concentrate in those areas where the dyke appears to be somewhat thicker as well as to in-fill the present grid as may be recommended by MRDI. In addition, some drill holes are planned to locate the vertical feeder system from which the NW dyke emanated.