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

To: Gord Bolton who wrote (18731)	4/29/1999 3:01:00 PM
From: kidl	Respond to of 26850

Tyler and Winspear await Carat sampling results Winspear Resources Ltd WSP Shares issued 39,238,388 Apr 28 close $3.79 Thu 29 Apr 99 News Release See Tyler Resources Inc (TYS) News Release Ms. Barbara O'Neill reports Tyler has received the following update on the Carat property as provided by the operator, Winspear Resources. This project area is about 350 kilometres northeast of Yellowknife and covers an area of about 94,000 acres. A joint venture agreement between Tyler and Winspear gives Winspear the option to earn a 70 per cent interest in the property. Winspear will issue 200,000 shares, in four equal blocks, over an 18 month period and will incur exploration expenditures of at least $2-million on the property by Dec. 31, 2002. A total of 100,000 shares of Winspear has been received to date. The Carat property adjoins the northeast corner of the BHP-DiaMet block on which the Ekati mine is situated, and the east boundary of the Tanqueray/Mill City property on which SouthernEra is presently earning an interest. To date 3,900 kilometres of detailed airborne magnetometer and electromagnetic geophysical surveys have been conducted over the Carat property. In addition, 400 till samples have been collected and are currently being processed. Evaluation of the results obtained from the airborne geophysical surveys and till sampling has identified several areas to follow up. Further sampling work will be undertaken during the summer of 1999, followed by a diamond drill program should results warrant. The estimated expenditure for the next exploration program in 1999 is $500,000. © Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com