Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Rocket Red who wrote (18270)	4/14/1999 9:44:00 PM
From: Confluence	Read Replies (3) \| Respond to of 26850

Hello Rocket Red, The post from the email clearly states: <<. Four rigs are still running, Two were doing "five spot holes" inbetween the grids outlined to provide data for "proven" reserves. Two rigs were stepping out to the NE to provide data for "probable" reserves. Each hole is taking approximately 4 days now Dave, due to the depth they are drilling, along with the cementing of each of the holes. I'm sure a release will be coming shortly to provide an update on the drilling. One rig will be allocated to look for the feeder. After spring-break up, drilling can continue (angle) from shore and from islands in the lake, maybe until May. The dispute with Aber will not interrupt news flow or any work programs. >> Either someone is misinformed, or only 4 drills are running. I would assume that this Sophie is close to the president, so I'll take her word. This implies that all efforts are being dedicated to Snap. In fact, the plan is to have one drill only to look for the feeder, later. I must not understand, but is this not the work of a company proving reserves only, with the thoughts of new discoveries/upside tonnage secondary? If you different, please state your reasoning Still confused, Confluence