Wyn Developments Inc. WL on TSX Venture Slave Point Oil & Ga

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
Wyn Developments Inc. WL on TSX Venture Slave Point Oil & Ga

An SI Board Since March 2005

Posts	SubjectMarks	Bans	Symbol
1	1	0	WL - TSX.V

Emcee: Ron Waller	Type: Unmoderated

Introduction Market Data Compact

Only 41,200,000 shares outstanding with a Nickel-Cobalt Property in NWT, Platnum-Metals Exploration in Nunavut, Gold-Silver Project in Blustry Mountain region of Southern B.C. and now involved in a JV with 15% interest in drilling of a Slave Point Natural Gas test well with a Major Oil Company 50% interest and two other juniors each with 17 1/2% interest in the 3,300 metre "Tight-Hole" with drilling currently on-going in North-Eastern B.C. close to where the Ladyfern discovery was made in 2000. Lot's of potential here IMHO and a shareprice that is moving up!

Here is the article that describes this opportunity that WYN has with this current project aside from it's other properties...

(Article from Small Cap Media)

Multi-Billion Dollar Natural Gas Target Offers Wyn Developments the Prospect of an Historic "Home Run"
By Marc Davis, Managing Editor
February, 2005
Every once in a long while, the analysts at SmallCapMedia encounter a natural resources company that exhibits strong near-term potential for a spectacular “home run”. Wyn Developments Inc. (TSX-WL) is such a situation.
Spectacular is a strong superlative. Yet, SmallCapMedia is not in the habit of hyping stocks. In this instance, the dynamics fueling this compelling oil & gas/mining junior speak for themselves.
Specifically, a fortuitous series of events has allowed Wyn (http://www.wyndevelopments.ca/)) to earn a 15% farm-in interest in a Cdn. $16 million natural gas exploration play in northeastern British Columbia. With drilling of the first test well clearly underway as of late January, the odds of success are very favourable. Not only is this ambitious project situated in the hydrocarbon-rich Peace River region near the Alberta border, but it is also being managed by a major Canadian oil & gas company – which has committed Cdn. $8 million of its own exploration dollars. Yet, the payoff could easily eclipse this figure.
However, due to the cloak and daggers nature of drilling for world-class oil or gas fields of unknown proportions, the project in shrouded in secrecy. So much so that the operator refuses to even allow its three small consortium partners to publicly mention its name. The rationale is that any hints of success could trigger a staking rush among other big league rivals and junior companies, alike.
With numerous multi billion dollar oil & gas discoveries to its credit, the project operator could provide Wyn with a very big pay day. That is why Wyn’s management is very comfortable with its $1.4 million gamble on what could prove to be a “company builder”. This is especially the case in an era when demand for natural gas is near its all-time high, which is reflected in its buoyant price of around US $6 per million cubic feet (MCF).
Furthermore, Wyn’s financial commitment also entitles the company to participate in any other gas discoveries that are encountered by the test well as the drill bores nearly 10,000 feet towards its ultimate target. Other zones in the test well will also be tested. A number of these formations could also offer the promise of prolific natural gas reserves.
The odds of a successful drill program are further bolstered by the presence of other proven natural gas fields in the region. Again, it is worth reiterating that the project is located in the Peace River area of British Columbia – where at least two other world-class natural gas discoveries have been made.
Readers should keep a close eye on the progress of this exciting gas play as the first round of drill results are expected to be announced within 70-80 days of the “spudding” of the test well.
Meanwhile, Wyn’s shrewd management team also understands the value of strength through diversification. The company therefore has several other key mineral projects to underpin the value of its ascending share price.
Among them is the Hearne Channel niccolite (high grade nickel) and cobalt property in Canada’s Northwest Territories (NWT). The company has an option to earn a 100% interest in this 12,750-acre property, which encompasses an open pittable target (allowing ore to be extracted on a very cost efficient basis) with large tonnage potential. Located about 135 kilometers east-southeast of the territorial capital of Yellowknife, the Hearne Channel Property is accessible year-round by aircraft, water and skidoo during winter months.
Owing to the property’s remote location it has never been systematically explored before. Yet, it exhibits early-stage potential for a significant base metals discovery. This is illustrated by several key developments. Assays have revealed niccolite grades running as high as 42% and cobalt values of up to 1.01% (cobalt is a valuable high tech industrial metal). This mineralization is also easily accessible as it is concentrated in a series of pods of massive niccolite with surface expressions up to two metres wide and 50 metres long. Several decades ago, some of these showings were even mined on a very small scale with low tech equipment.
Furthermore, recent geophysical surveys have revealed eight significant anomalies (exploration targets) that still lie untested. Accordingly, Wyn plans to conduct an exploration program that will test the continuity of these mineralized trends, while also identifying the most prospective high grade and bulk tonnage target zones. The geology of the property also suggests the likely presence of significant niccolite and cobalt mineralization at depth, either in large stock work zones (vein-type structures) or along an impermeable horizon. Wyn has applied for a drilling permit to expend Cdn. $1,000,000 during 2005.
Elsewhere, Wyn has acquired the right to earn a 100% interest in an expansive gold/silver property in the Blustry Mountain region of southern British Columbia. A total of 700 mineral claims encompassing approximately 50,000 acres outline a district-sized belt of favourable gold/silver-bearing rocks extending in length over 40 kilometres north/south and up to 10 kilometres wide.
The company believes that this geologically prospective land package represents a possible southern extension of the mineralized trend that hosts the former producing Blackdome Mine. Operated during the 1980s and 1990s, this mine yielded 233,252 ounces of gold and 827,019 ounces of silver. It was closed due to a cyclical slump in bullion prices, as well as a protracted global mining recession.
A satellite imagery interpretation of the Blustry Mountain property has identified prominent fault zones and crosscut faults that are regionally synonymous with the presence of epithermal-style gold/silver mineralization. Additionally, the presence of gold, silver, arsenic and antimony is stream drainage systems in the area further corroborates the theory that one or more polymetallic deposits are situated on Wyn’s property. Accordingly, the company intends to embark upon a systematic exploration program in 2005 consisting of ground geophysics followed by the drilling of the best anomalous targets identified.
Wyn also has 32,291 hectares of claims adjacent to the eastern and western borders of Starfield Resources’ Ferguson Lake base metals discovery in the northern territory of Nunavut, Canada. Wyn has also entered into a joint venture agreement with Starfield to commence an exploration and development program on a number of these claim blocks. To date over 60 million tonnes of nickel, copper and cobalt have been delineated in the Ferguson Lake area, including 2.8 million ounces of the rare and highly valuable precious metals, platinum and palladium.
Since 1997, Starfield Resources has spent over $30 million on exploring its major massive sulphide discovery, successfully outlining a total mineral resource of over 60 million tonnes. This includes 28.5 million tonnes containing 1.17% copper, 0.73% nickel and 1.71 grams per tonne (g/t) of platinum group metals (PGE) in what is termed the West Zone.
The less extensively explored East Zone has been shown to contain a preliminary resource of 2.9 million tonnes including 1.01% copper, 0.75% nickel and 1.18 g/t of PGE. The East Zone has now been traced over a considerable strike length of 14 kilometers through a combination of surface prospecting, geophysics and drilling. Wyn’s joint venture partnership with Starfield will focus on developing the eastern extension of the East Zone. Known as the Causeway Zone, this new mineralized horizon has already extended the overall strike length a further five kilometers, with the promise for continued expansion along strike.
In a recent report completed for Wyn by an independent geologist, N.C. Carter, Ph.D., P.Eng., it was recommended that the "Causeway Zone" warrants priority status for additional exploratory work during 2005. The first phase of the company's program will consist of a geophysical survey to better delineate the parameters of the Causeway Zone, while also identifying drill targets that exhibit similar features to known zones of high-grade mineralization at the East Zone.
The Ferguson Lake claims blocks are serviced by year-round by fixed wing aircraft and helicopter service, and by cat train at ground level. Heavy equipment can also be cost-effectively transported to the region by way of ocean-going vessels that dock at Rankin Inlet during the summer months (some 240 to 280 kilometers away), as well as Baker Lake. Another key dynamic supporting the prospect of a successful mining project at Ferguson Lake is the fact that the Territory of Nunavut has the full support of a pro-mining government.
Wyn also recently acquired the right to earn a 100% interest in a group of claims totaling 2,500 acres on Easter Island, 70 miles southeast of Yellowknife, NWT. This property covers a geological environment similar to Wyn's Hearne Channel niccolite-cobalt project, some 50 kilometers to the northeast. It is also located in a mineral belt where platinum group metals (PGE) showings have been revealed.
Previous trench sampling across recognized high-grade mineralization has returned copper and nickel values that surpass ore grade. During a recent visit to the property the company's geologist have also discovered other new mineralized showings that offer equally encouraging promise.
On a corporate note, Wyn Developments has a strong, seasoned management team. Company President Daniel Kesonen is an influential and well-connected European financier who leaves the stewardship of daily operations in the very capable hands of fellow company director Dave McMillan. A former Senior Vice-President of the powerhouse Canadian investment dealer, Yorkton Securities (now First Associates), he benefits from over two decades of experience in the areas of venture capital and corporate finance.

The company’s geological team is headed up by fellow director Robert Krause. A personable and well-regarded geologist with a Honduras gold mine discovery to his credit, he has accumulated 20 years of international exploration experience. His wealth of experience has taken him all across the Americas, including locations as far a field and diverse as the Brazilian rainforests and the Canadian Arctic.

On a technical note, the company has approximately 41.3 million shares outstanding (about 58.8 million fully diluted) which makes for good liquidity, translating into healthy daily trading volumes. The company’s share price has also been trending upwards in recent weeks in anticipation of the drilling of the monster natural gas target in northeastern British Columbia.
If successful, Wyn’s share price is sure to catapult into many multiples of its existing trading range. And many investors stand to make huge gains. However, if the energy gods are not smiling on the drill consortium, Wyn’s share price still benefits from considerable intrinsic value in the shape of its attractive precious and base metals interests. Either way, SmallCapMedia is confident that Wyn’s share price will realize plenty of upside during 2005 and beyond.

Go to reply# or date (mm/dd/yy):