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


To: LaFayette555 who wrote (18760)4/29/1999 8:51:00 PM
From: Gord Bolton  Read Replies (1) | Respond to of 26850
 
Yes Francois, you are right.

"The NR is clear." The overall emplacement theory is foggy.

But they are confident that they will have over 15 million ounces gold equivalent defined by drilling if the bulk sample confirms previous sampling results. The deposit is open to the north, the east, and below in untested areas.

As you will be aware from following the NWI thread-the worlds best experts have differing ideas about how nickel deposits come about.
There are likewise differing opinions on how gold and copper deposits are formed.

What primarily concerns us as investors is that it is there.

I will stick with the theory that it came from deep down under and that it had to pass through a channel (or pipe) of some sort to get there. Chances are that conduit is plugged full of similar material from a similar source.

The initial MRDI study indicated that less than a million tonnes would have robust economics. Now we wait for the bulk sample results and watch the drills prove up more tonnage on the north shore.



To: LaFayette555 who wrote (18760)4/29/1999 9:07:00 PM
From: ddl  Respond to of 26850
 
For once you're right, there was no feeder, no pipe found BUT it sure looks to me like we got ourselves a HELL OF A LOT OF KIMBERLITE!!!!!! Whadaya make of that!!!
Notice on the Winspear site map that the n/e trending thickness also just happens to end up at the shore line. Guess you would figure mother nature cut it off right there with a knife, right???
Let's see here, 3 blocks along the n/e60 line going up to the shore are 2.41m, 3.25m 4.54m and I'll leave you to guess what's on shore and beyond. But then you can also look at the other n/e30 trending line just above it with 2.49m, 2.88m, and 2.94 and guess what, 2 of those blocks are hi and dry. Yep, we sure miss that feeder, and we really got a problem now. What the hell are we gonna do with all this rich kimberlite!!!