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

To: Andrew who wrote (17569)	4/4/1999 6:05:00 PM
From: teevee	Respond to of 26850

Andrew, You will probably enjoy this: Author: Gareth -- Date:1999-04-04 13:08:51 Subject: Jspec's perspective I concur with what jspec concludes from his analysis of dips (posted elsewhere). The possible modification to his model that may reduce the estimated tonnage from immense to only extremely large involves anisotropy in the country rock (fabric direction, fractures, different rocks) or some other reason for an asymmetrical development (ie, west-side only) of the cone sheet. For interested readers there is a recent article in Geology (March 1999, v.27, p.207-210) on cone sheet formation on Gran Canaria, by Schirnick, van den Bogaard, and Schminke. Their dike rocks are phonolite-trachyte. They conclude that cone sheet development resulted from episodic replenishment and expansion of a laccolith-like magma chamber at shallow depths, rather than by magmatic overpressure as magma enters the shallow crust. If the former is possible with kimberlite magmatism, the tonnage potential increases substantially even beyond the cone sheet. I think teevee would agree. G. Author: teevee -- Date:1999-04-04 14:53:28 Subject: We are just a drill hole away.... Gareth, If there is a lacolith or lopolith like magma chamber under the Snap Lake cone sheet, and if it has commensurate grades with the mini-bulk sample, a $100.00 per share (post split) would not be unreasonable.....Snap Lake would then rank the diamond discovery of the millenium.