Spider Res: 1500% bis Oktober? - 500 Beiträge pro Seite

[Panem]

http://www.spiderresources.com/

Wie der Aktien-Review bereits am Montag schrieb:

"Der Wahnsinn geht weiter":

Spider ist wie Noront (rund 500 Mio. C$ MK) am McFauld's Lake positioniert und hofft, die spektakulären Funde auf ihrem Gebiet im JV mit KWG nachvollziehen zu können.

Nachdem Spider von 0,03 $ kommend bis auf 0,16 in 3 Tagen laufen konnte, ging es nach der Veröffentlichung der Results heute bis zu 70% (!!!) in den Keller, um von ID 0,05 wider auf 0,11 zu laufen.

MK: 20 Mio. €.

Potenzial mathematisch bei einem Noront Kurs von z.Z 3.30 $:

10% von Noront (ca. 0,33).

Bei Funden und den zu erwartenden UNFASSBAREN Laborberichten zu Drillcore #5 von Noront: 0,40 bis Ende 2007.


Achtung: MAXIMAL riskant!

[invest2002]

[Panem]

Wie gesagt: "Der Wahnsinn geht weiter".

Heute intraday bereits gerne mal -70%.

Willkommen im Casino ElNoront...

[Panem]

September 5, 2007 Spider Resources Inc. and UC Resources Ltd.

intersect 4.35% Zn, 2.69% Cu, 0.35 g/t Au and 6.63 g/t Ag

over 19 metres at VMS project in Northern Ontario

[Anna_Bolika]

Antwort auf Beitrag Nr.: 31.669.405 von Panem am 20.09.07 05:34:59

, ging es nach der Veröffentlichung der Results heute bis zu 70% (!!!) in den Keller, um von ID 0,05 wider auf 0,11 zu laufen.


was brachten die Results`?

Heisse Luft ?

Zockern gehen hier mit Spielgeld rein

[Panem]

Antwort auf Beitrag Nr.: 31.669.332 von Panem am 20.09.07 01:51:48

Hole NOT-07-01 partial assay results, 36 meters averaging 1.84% Nickel, 1.53% Copper, includes 1.04 g/t Platinum, 2.87 g/t Palladium and 0.127 g/t Gold, more results to follow

[rdeniro]

Antwort auf Beitrag Nr.: 31.669.332 von Panem am 20.09.07 01:51:48

landschaftlich schöne gegend. muss sofort platt gemacht werden. gelle.

[timesystem1000]

Antwort auf Beitrag Nr.: 31.669.332 von Panem am 20.09.07 01:51:48

panem, Du alter Zocker, bist ja auch noch da.

Wo bist Du aktuell investiert?

[Panem]

Antwort auf Beitrag Nr.: 31.670.328 von timesystem1000 am 20.09.07 09:14:21

Targetpreis für Noront laut IBK: 78$.


Zitat Stockhouse:

"I have seen this hole ( one core box full ) in person. After many years of looking at core, I will make the outrageous comment that hole 5 will be the best exploration hole hit in living memory.( Base Metal )
The market will dictate how good the results are, but I assure you, I've looked a lot of core over the years.
Just My Humble Opinion"

------------

Zielwert Spider dann:

8 Dollar.

Klar?

--------------

"To The MOON, Alice"

[Panem]

---WARNUNG----WARNUNG---

Und auch hier noch einmal meine PERSÖNLICHE EINSCHÄTZUNG:

Ich halte das hier alles für absoluten Wahnsinn und einen reinen Zock - zudem ist bei Spider die Aktienzahl immens hoch und die anstehende Verwässerung ist noch nicht eingerechnet.

Ein reiner spekulativer Kurs von 0,40 $ Ende 2007 wäre mehr als man erwarten dürfte und selbst dann noch Wahnsinn.

OK?

Da war damit mein letzter Kommentar zu einem Noront Play in absehbarer Zeit bei WO.

[mike32]

Re: SPQ in the news...Please notice...
Posted by: johndefur on November 02, 2007 07:05PM

In response to: SPQ in the news by vanrog
That SPQ now has $ 6,000.000.00 dollars in the kitty, and insiders who bought in that PP, bought the warrants @ 17.5 cents...now that ought to tell you something very important...


http://www.agoracom.com/ir/Spider/messages/618315#message

[n24mmmoneymaker]

Antwort auf Beitrag Nr.: 32.264.911 von mike32 am 03.11.07 12:47:50

Oktober?

2007?

rot?

1500?

Gewinn?

[roadhouse1]

Warum wird hier ständig der Kurs aus Berlin angezeigt? Interessiert sich doch keine S.. für.



http://www.worldofinvestment.com/wkn/899289/FRA/

[mike32]

http://biz.yahoo.com/ccn/080204/200802040439969001.html?.v=1

KWG, Spider and Freewest Start Winter Exploration Program McFauld's Lake Area, Northern Ontario
Monday February 4, 9:23 am ET


TORONTO, CANADA--(Marketwire - Feb. 4, 2008) - KWG Resources Inc. (TSX VENTURE:KWG - News) and Spider Resources Inc. (TSX VENTURE:SPQ - News) and Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) are pleased to announce the start up of their 2008 winter exploration program on the Freewest option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of KWG and Spider and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario.
ADVERTISEMENT


The joint venture partners (KWG and Spider) last completed field work on this property in 2006, that included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel-enriched peridotite (See press release dated March 7, 2006). Assay results received later (see press release dated June 29, 2006) confirmed that the layering within this peridotite was enriched in chrome and nickel, as well as Platinum Group Elements ("PGE's"). The 2006 winter exploration program was highlighted by the discovery of two massive chromitite layers hosted within peridotite, encountered while drilling ground geophysical anomalies targeting volcanic-hosted massive sulphide deposits (drill hole FW-06-03). The drilling returned the following assays:




----------------------------------------------------------------------
Upper Chromitite Layer Lower Chromitite Layer
----------------------------------------------------------------------
22.70% chrome, 0.17 g/t 23.70% chrome, 0.21 g/t
platinum, 0.24 g/t palladium platinum, 0.46 g/t palladium
over 1.05 metres(1) over 0.60 metres(1)
----------------------------------------------------------------------

(1) Assays performed by ALS Chemex of Vancouver, B.C. utilizing multi-acid
ICP techniques for low and higher grades on samples selected, bagged
and tagged and sent by bonded courier to the lab, under the supervision
of Howard Lahti Ph.D. P.Geo. of Fredericton New Brunswick.


Subsequent re-analyses of selected samples and some additional assaying of the drill core from the 2 chromitite layers and intervening wall rock in the peridotite was later completed by Actlabs. The analyses yielded the following results:




----------------------------------------------------------------------
Upper Chromitite Layer Lower Chromitite Layer
----------------------------------------------------------------------
23.40% chrome, 0.19 g/t 18.60% chrome, 0.23 g/t
platinum, 0.21 g/t palladium, platinum, 0.48 g/t palladium,
0.32 g/t ruthenium, 0.05 g/t 0.30 g/t ruthenium, 0.05 g/t
rhodium, 0.12% nickel rhodium, 0.13% nickel
over 1.03 metres(2) over 0.85 metres(2)
----------------------------------------------------------------------

(2) Assays performed by Actlabs of Ancaster, Ontario, utilizing INAA for
chrome, sodium peroxide fusion and ICP analysis for nickel and nickel
sulphide fire assay technique for PGE's on samples selected, bagged and
tagged and sent by bonded courier to the lab, under the supervision of
Howard Lahti Ph.D. P.Geo of Fredericton New Brunswick overseeing the
lab to lab delivery of samples.


The additional assaying completed on the entire mineralized zone in the peridotite, including the upper and lower chromitite layers, yielded 4.05% chrome and 0.17% nickel over a core length of 16.85 metres. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and is strongly magnetic. This magnetic-high feature measures 400 metres by 400 metres at its surface expression. Due to these dimensions and the peridotite-hosted similarity to Eagle One, the target is compelling for further sampling for chrome-PGE-nickel mineralization.

Under the terms of an agreement with Freewest (see press release December 19, 2005), Spider and KWG must spend an aggregate of $3.0 million on exploration over a four-year period to earn an initial joint 50% interest in the Property. They may earn a cumulative joint 60% interest in the Property by delivering a bankable feasibility study on any mineralization identified and subsequently a cumulative joint 65% interest, by arranging financing on behalf of Freewest to put the Property into commercial production. An initial $200,000 needed to be expended on the property by February 28, 2006. The early 2006 work program covered this initial earn-in allowing the option to continue where an additional $2.8 million needs to be expended prior to the end of October 2009 to complete the initial option requirement to earn 50% in this project from Freewest. KWG and Spider are in agreement and are sharing the cost of the current program on a 50:50 basis, each contributing an additional $1.08 million to the project for a total exploration expenditure of $2.16 million to be incurred in the current program (estimated to be completed by May 2008). Both parties are well funded to complete this program.

The initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property-wide grid with 200 metre line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 metre spaced lines. Upon completion of the detail grid area, horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying will be completed. Drilling is scheduled to start during February, once the initial geophysical surveying is complete. Initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Preliminary maps produced from the recent Aerotem2 airborne survey have been reviewed and are being used to plan the exploration of the remainder of the property. Several other similar anomalies are evident in this early interpretation, however, these need to be confirmed by review of the data in the final airborne survey report. The parties have retained Billiken Management Services Inc for the provision and management of all field operations.

Mousseau Tremblay, Ph.D., P.Geo, Chairman of KWG Resources Inc. and a Qualified Person as such term is defined under National Instrument 43-101, has reviewed and verified the technical information contained in this press release and has approved the contents of this press release.

Shares issued and outstanding: 262,863,821

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.



Contact:
Frank C. Smeenk
KWG Resources Inc.
President and CEO
416-642-3575
514-866-6193 (FAX)

Michel Cote
KWG Resources Inc.
Director
514-866-6001 - Ext. 266
514-866-6193 (FAX)
www.kwgresources.com



Source: KWG Resources Inc.

[mike32]

SPIDER PLAYBOOK...(review #4)
Posted by: kelsee on February 05, 2008 03:15PM

SPIDER PLAYBOOK



1st Edition – Feb. 4th, ’08 (and maybe last, lol)



Spider Plays in McFaulds:



1) SPQ/KWG/FWR – JV earn-in percentages:

a. SPQ – 32.5%

b. KWG – 32.5%

c. FWR – 35%



**the latest on this joint venture:

http://www.marketwire.com/mw/release.do?id=817086



2) SPQ/KWG/UC – JV earn-in percentages:

a. SPQ - 30%

b. KWG - 15%

c. UC - 55%



**UC is continuing to fund the exploration of this VMS camp by initially concentrating their efforts on the McFaulds #3 and #1 occurrences, then they advise that they will be looking at completing additional exploration on the other occurrences as the program progresses, through year two, three and four of the agreement.

*we await the official commencement/announcement of the winter/spring ’08 drilling program



3) SPQ/KWG/Renforth – JV earn-in percentages:

a. SPQ - 30%

b. KWG - 15%

c. Renforth – 55%



**drill program status:http://www.agoracom.com/ir/Spider/messages/715503" target="_blank" rel="nofollow ugc noopener">
http://www.agoracom.com/ir/Spider/messages/715503



4) SPQ/KWG – JV percentages:

Wawa Project: SPQ – 66.6%

KWG – 33.3%

**The joint venture is planning a follow up drilling program on this property to be completed in the next 6-8 months.,,(from Oct. 1, 2007 news release)



MacFayden Project:
KWG – 66.6%

SPQ - 33.3%



Diagnos Project:

SPQ and KWG both share this project 50-50

**The parties are considering a drilling program to test the 2 highest priority targets this winter…(from Oct. 1, 2007 news release)

**’08 drilling program yet to be announcement





ACCESS LINK BELOW TO VIEW McFAULD’S CLAIMS MAP:







*the preceding information was gathered from news releases/maps issued by some of the companies involved and is deemed to reflect the agreed to percentages per: jv agreements, however, please do your own due diligence.

http://www.agoracom.com/ir/Spider/messages/719446#message

[mike32]

Video for the Forum
Posted by: Crowlee on February 08, 2008 12:20AM


I have created a video for the McFaulds Lake Forum. Parts of it may go by quick but that gives you more reason to watch it more than once.

It's located in the upper right under "President's Video". It's also located here on YouTube:

http://www.youtube.com/watch?v=9BqWq8-0OBs

Feel free to share it with the other McFauld Lake forums.

Crow


http://www.agoracom.com/ir/McFaulds/messages/722143#message



gruss mike

[mike32]

area play and jv action today
Posted by: QQ_Girl on February 08, 2008 05:48PM


a couple of new ones at the bottom that I found on Helium's datebase claim maps - can anyone tell me Vale Inco's ticker symbol, not sure why I can't find it - ty QQ

SPQ
$.005 4.55% 2,675,200
.105 - .12
.115 .........

http://agoracom.com/ir/Noront/messages/723361#message

[mike32]

That patience thing
Posted by: SnugTheJoiner on February 12, 2008 06:03PM


It's snowing like crazy here in Toronto, and the polar bears are sleeping soundly.

SPQ had a relatively quiet day volume wise. As you noted Poly, it probably will be another 4-5 months of slumber for the Spider. I would put a lot of money on 3Q08 for significant upside movement for SPQ and the other McFaulds players. There will be a "convergence" of events. Here's my reasoning on what will converge:

1) Humungous amounts of data in many forms will be out from the Ring of Fire (EM aerial maps, drill results, assays, and 43-101s)

2) The dog days of the summer stock market will be replaced by a stronger than normal 3Q08 stock market (post September) which tends to be, along with 4Qs, the strongest time of the year for equities

3) The subprime mess which has affected global stock markets will finally fade into history.

4) A new US President will be enthroned in Washingston, and everything will be right with the world.

Until the 3Q08 there will be the occasional blip on the radar screen when the a McFaulds' play goes ballastic for a bit. But I don't think there will be any strong movement upward until then. In fact, in the absence of any news of a substantive nature, there will be a continual downward pressure on share prices. People quickly lose patience, and sell out. Too bad.

HOWEVER, I'm LONG. You won't see any of my shares on the SELL side of the ledger. My powder is dry, and I'll be on the BUY side of the market a chosen times.Snug

http://www.agoracom.com/ir/Spider/messages/726742#message

gruss mike

[mike32]

Talk with Neil Novak -
Feb. 13/08
Posted by: SnugTheJoiner on February 13, 2008 10:05AM


I had a brief discussion this a.m. with Neil Novak. He was answering the phones before 9:00 a.m. when I caught him. We discussed a number of things before he had to head off to a meeting at 9.

Here's some of the project info that SPQ is working on. It's not inclusive and there's still not a great deal of information about specific geological facts because the drilling is just about to begin. Note 1: SPQ has one drill for its 2008 projects.

On the topic of the SPQ/FWR/KWG chromite and PGM option, Neil was up at the site last week. He spotted the first drill hole location and the drill crew is ready to go. The start of drilling is pencilled in for February 15. Neil noted that there are "junior geos" at the site but that Dr. Lahti, the senior geologist, will be overseeing the drilling. 5000 meters is scheduled to be drilled by June with a July completion date. If something "big" if struck, more drilling can take place at this location.

Regarding the "Diagnos" project, the preliminary geophysics has been done. Neil mentioned that he has identfied a couple of anomalies which look good. He has to put a proposal together to put in front of the JV partners. He needs to go up in the summer to see whether there is a dry site to begin drilling. If the sites are wet, drilling would begin in the winter of 2009. Note 2: The drill platform from the chrome & PGM site would be used for this drilling unless of course something exciting was seen at the first site.

On the topic of McFaulds East & West, Jim Voisin of UC Resources is driving these projects. A meeting is scheduled to take place next week where Jim will pitch his ideas. Decisions will be made at that time with regards to moving forward on these projects.

Neil is constant contact with all of the players at McFaulds, particularly with the Noront people. I think he is very happy with his role as VP of Noront. He has know Richard Nemis for a long time; he trust him; and he understands that RN is the "deal maker" (his words). He's in weekly contact with John Harvey who is the "big picture" guy (Neil's words). Neil, talking about himself, is the "details guy". He believes in project protocols. (i.e., he's no Robert Friedland).

Some final thoughts:

Neil is terrific to talk with and shares what he knows and what is not company confidential. He clearly wants his McFaulds' plays to be successful, but honestly, all that he knows - more than us, the retail investor - is what he sees on the preliminary aerial surveys - and that isn't 100%. So guess what, he's speculating too! He is risking his money too! The bottom line for me: Trust in the Management. The triad of Nemis, Harvey, and Novak are smart, forthright, hardworking, and communicate very well.

I asked Neil about the PDAC luncheon on March 6. He seems to think that it will have a strong emphasis on students. The presentation will be geared to telling the students about McFaulds and its geology. In fact, the First Nations people will have representation. Neil has done a fabulous job working with the First Nations. (His last presentation in Thunderbay to the Chiefs was scheduled to run 30 minutes. It ended up going 5 hours!)

So there you have it. I wish I could tell you about drill cores, visuals, assays, 43-101s, and the fabulous wealth that's on the horizon - but I can't. But there are viable SPQ projects with project timelines. And it's all part of the McFaulds Great Canadian Area Play.

Be patient and keep the faith.

Snug


http://www.agoracom.com/ir/Spider/messages/727203#message

[mike32]

Talk with Neil Novak -
Feb. 13/08
Posted by: SnugTheJoiner on February 13, 2008 10:05AM


I had a brief discussion this a.m. with Neil Novak. He was answering the phones before 9:00 a.m. when I caught him. We discussed a number of things before he had to head off to a meeting at 9.

Here's some of the project info that SPQ is working on. It's not inclusive and there's still not a great deal of information about specific geological facts because the drilling is just about to begin. Note 1: SPQ has one drill for its 2008 projects.

On the topic of the SPQ/FWR/KWG chromite and PGM option, Neil was up at the site last week. He spotted the first drill hole location and the drill crew is ready to go. The start of drilling is pencilled in for February 15. Neil noted that there are "junior geos" at the site but that Dr. Lahti, the senior geologist, will be overseeing the drilling. 5000 meters is scheduled to be drilled by June with a July completion date. If something "big" if struck, more drilling can take place at this location.

Regarding the "Diagnos" project, the preliminary geophysics has been done. Neil mentioned that he has identfied a couple of anomalies which look good. He has to put a proposal together to put in front of the JV partners. He needs to go up in the summer to see whether there is a dry site to begin drilling. If the sites are wet, drilling would begin in the winter of 2009. Note 2: The drill platform from the chrome & PGM site would be used for this drilling unless of course something exciting was seen at the first site.

On the topic of McFaulds East & West, Jim Voisin of UC Resources is driving these projects. A meeting is scheduled to take place next week where Jim will pitch his ideas. Decisions will be made at that time with regards to moving forward on these projects.

Neil is constant contact with all of the players at McFaulds, particularly with the Noront people. I think he is very happy with his role as VP of Noront. He has know Richard Nemis for a long time; he trust him; and he understands that RN is the "deal maker" (his words). He's in weekly contact with John Harvey who is the "big picture" guy (Neil's words). Neil, talking about himself, is the "details guy". He believes in project protocols. (i.e., he's no Robert Friedland).

Some final thoughts:

Neil is terrific to talk with and shares what he knows and what is not company confidential. He clearly wants his McFaulds' plays to be successful, but honestly, all that he knows - more than us, the retail investor - is what he sees on the preliminary aerial surveys - and that isn't 100%. So guess what, he's speculating too! He is risking his money too! The bottom line for me: Trust in the Management. The triad of Nemis, Harvey, and Novak are smart, forthright, hardworking, and communicate very well.

I asked Neil about the PDAC luncheon on March 6. He seems to think that it will have a strong emphasis on students. The presentation will be geared to telling the students about McFaulds and its geology. In fact, the First Nations people will have representation. Neil has done a fabulous job working with the First Nations. (His last presentation in Thunderbay to the Chiefs was scheduled to run 30 minutes. It ended up going 5 hours!)

So there you have it. I wish I could tell you about drill cores, visuals, assays, 43-101s, and the fabulous wealth that's on the horizon - but I can't. But there are viable SPQ projects with project timelines. And it's all part of the McFaulds Great Canadian Area Play.

Be patient and keep the faith.

Snug


http://www.agoracom.com/ir/Spider/messages/727203#message

[mike32]

A fairy tale in response of the varous rumours.
Posted by: Helium on February 14, 2008 06:34AM


I do not have a glass bowl nor do I have a fairy wand.

But I do have a magical looking-glass.

It has never let me down. Every answer was spot on.

So I asked what the future for Mc Faulds has instored for me. Before I give you the answer, the mirror said, do not question history, for you will not be worthy of the future.

This was the answer: (after reading I realised once again the mirror was right and I am more than ever confident in the future. This post will be history tomorrow btw.)

“Spider starts drill program at Kyle #3 kimberlite, James Bay Lowlands, Ontario. News releases Spider of May 3, 2000; June 27, 2000; July 10, 2000; October 31 2000.

“This preliminary diamond grade result ranks the Kyle #3 kimberlite dike as one of the highest grade diamond bearing kimberlite bodies in the Province of Ontario to date”

SPIDER RESOURCES INC. and joint venture partner KWG RESOURCES INC. report the discovery of 11 new diamond bearing outcrops on their jointly-owned, 45 square kilometer Wawa property in northern Ontario News release Spider of March 13, 2002

SPIDER RESOURCES INC. Reports 2.617 carat/tonne regional sample from Wawa project News release Spider of October 16, 2002

SPIDER RESOURCES INC. AND KWG RESOURCES INC. IDENTIFY NEW "VMS BELT" IN ONTARIO LOWLANDS REPORTING GRADES AS HIGH AS 7.09% COPPER News release Spider of October 23, 2002

Massive Sulphide Zone Located While Drill Testing New Geophysical Anomaly News release SPQ of October 14, 2003

McFauld’s VMS drilling intersects 13.8m of 5.5% Copper, including higher grade zone over 4.6m averaging 10.4% Copper News release Spider of February 19, 2004

McFauld’s Hole #45 intersects 5.2 meters Massive Sulphide, Greater than 30% Zinc over 0.75 metersNews release Spider of September 13, 2004 Massive Sulphide grading 8.02% Copper over 18.8 meters at McFaulds Lake, Northern Ontario News release Spider of November 8, 2004

UC Resources Limited and Spider Resources Inc. Intersect 4.35% Zn, 2.69% Cu, 0.35 g/t Au and 6.63 g/t Ag Over 19 Metres at VMS

Project in Northern Ontario Probe Mines Discovers Copper Zone on McFauld's Lake Property News release Probe October 12, 2005

High Grade Copper Mineralization Discovered on Probe Mines McFauld's Lake Property, including 7.8m of 3.1% Cu News release Probe November 1, 2005

Probe Mines: Identifies New Conductors Near Recent VMS Discovery News release Probe January 17, 2006

KWG Resources Inc., Spider Resources Inc. and Renforth Resources Inc. Begin Exploration of Kyle Kimberlies; Collect 550 Kg. in First Two Holes Testing Kyle 2 News release KWG November 15, 2006

MacDonald's Initiates January Exploration Program on its MacNugget Drill Ready Targets....Area Play in McFauld's Lake/James Bay Lowlands Heats Up With Multiple Companies Announcing Early 2006 Exploration Programs.... First Tranche Financing Completed News release MacDonald January 3, 2006

MacDonald Mines Completes Ground Geophysics on the McNugget Property - Identifies Multiple Strong Drill Target Anomalies. Drilling of these Targets to Commence in March. News release MacDonald March 1, 2006

MacDonald Mines: Five Drill Holes Along A Strongly Anomolous 4.6 Km Trend Hit Massive & Disseminated Sulphides All With Visible Copper & Zinc Mineralization News releases MacDonald May 1, 2006 , June 7, 2006 , September 18, 2006, October 5, 2006

“Highlights of the spring 2006 campaign included holes MN-06-17 with 9.00m at 0.43% Cu, 3.1% Zn and 18.73 g/t Ag, including 2.66m at 7.07% Zn; MN-06-19 with 6.49m at 0.64% Cu, 2.92% Zn and 18.84 g/t Ag, including 2.79m at 5.21% Zn; and MN-06-14 with 2.57m at 1.01% Cu, 2.49% Zn and 31.00 g/t Ag.”

MacDonald Mines: McNugget Expands VMS Zones and Intersects Higher Tenor Mineralization News release MacDonald December 18, 2006

MacDonald Intersects New Nickel Sulfide Zone on McNugget Property, James Bay Lowlands News releases MacDonald June 14, 2007

MacDonald Mines Acquires a Significant Geological Favorable Land Position Similar to the Ground Hosting the Spectacular Noront Nickel-Copper Discovery News release MacDonald September 19, 2007

Noront Resources Ltd.: Double Eagle Project, James Bay Lowlands News releases Noront of August 29, 2007; September 10, 2007; September 13, 2007; September 19, 2007; September 25, 2007; September 27, 2007; October 10, 2007; October 30, 2007; November 6, 2007; December 21, 2007; January 3, 2008; January 28, 2008.

“Hole NOT-07-01 final assay results include; 36 meters averaging 1.84% Nickel, 1.53% Copper, 1.14 g/t Platinum, 3.49 g/t Palladium, 0.13 g/t gold and 4.8 g/t silver.

Hole NOT-07-05 final assay results include; 68.3 meters averaging 5.9% nickel, 3.1% copper, 2.87 g/t platinum, 9.78 g/t palladium, 0.61 g/t gold and 8.5 g/t silver.3 meter section of hole averaged 8.7% nickel, 10.9% copper, 40.79 g/t platinum, 14.57 g/t palladium, 9.39 g/t gold and 8.7 g/t silver

Hole NOT-07-07 undercut hole NOT-07-05 intersected the main mineralized zone starting at 72 meters core length and remained in it until 123.5 meters, for a total of 51.5 meters which included massive sulphide mineralization between 75.2 and 89.5 meters (14.3 meters) core length that averaged 2.5% Cu, 6.3 % Ni, 5.92 g/t Pt, 16.21 g/t Pd, 0.24 g/t Au and 8.3 g/t Ag.

Hole NOT-07-09 intersected the mineralized zone at 43 meters core length and remained in it until 88.6 meters for a total intersection of 45.6 meters. This mineralized zone included two massive sulphide sections totaling 22 meters. Assays for the 17.4 meter upper massive sulphide section averaged 3.87 % Cu, 4.82 % Ni, 1.02 g/t Pt, 14.78 g/t Pd, 0.27 g/t Au and 11.3 g/t Ag (Pd values pending), while the lower 4.6 meter massive sulphide section averaged 2.01 % Cu, 8.3 % Ni, 0.14 g/t Pt, 0.23 g/t, 11.53 g/t Pd, Au and 5.1 g/t Ag; Hole NOT-07-11 encountered two massive sulphide zones separated by weakly mineralized peridotite; first massive sulphide zone between 58.5 and 60.1 meters (1.6 meters averaged 4.82% Cu., 7.11% Ni., 2.53 g/t Pt., 14.65 g/t Pd., 0.19 g/t Au., and 14 g/t Ag.) followed by a second massive sulphide section between 74.5 and 75.8 meters (1.3 meters averaging 4.43% Cu., 7.37% Ni., 1.08g/t Pt., 18.1g/t Pd., 0.22g/t Au and 13 g/t Ag).

NOT-07-11 was reviewed and found to contain mineralized sulphides over greater lengths than previously reported (November 6, 2007).

Hole NOT-07-12 intersected mineralized peridotite between 81.5 meters and 176 meters including a massive sulphide zone between 82.5 and 92 meters downhole. This 9.5 meter section averaged 1.54% Cu., 6.99% Ni., 2.61 g/t Pt., 10.07g/t Pd., 0.15g/t Au and 5.21g/t Ag. Then from 92 to 113 meters a semi-massive section of sulphides was encountered consisting of pyrrhotite, pentlandite and chalcopyrite, followed by net textured nickel and copper sulphide mineralization to 176 meters.

NOT-07-14 between 52.8 meters to 56.4 meters, 3.6 meters of massive sulphides were intersected that averaged 3.43% copper, 7.45% nickel, 5.0 g/t platinum, 9.1 g/t palladium and 0.12 g/t gold, within part of a much larger intersection between 45.9 to 80 meters (34.1 meters) that averaged 1.22% copper, 2.28% nickel, 1.6 g/t platinum, 4.13 g/t palladium and 0.14 g/t gold. In addition a lower grade zone exists from 80 to 110 meters averaging 0.28% Cu, 0.59% Ni, 0.37 g/t Pt, 1.18 g/t Pd and 0.1 g/t Au. NOT-07-16 encountered a net-textured peridotite section combined with the massive sulphide section over 12.7 meters between 121.1 and 133.8 averaging 1.55% Cu, 2.4% Ni, 2.63 g/t Pt, 5.1 g/t Pd, 0.12 g/t Au and 4.5 g/t Ag. A lower grade section between 92.9 and 121.1 meters (28.2 meters wide) averaged 0.50% Cu, 0.57% Ni, 0.47 g/t Pt, 1.5 g/t Pt, 0.17 g/t Au and 1.5 g/t Ag. NOT-07-17 encountered the main mineralized zone between 96.5 meters and 177.5 meters downhole that over 81 meters averaged 0.77% Cu, 1.55% Ni, 0.91 g/t Pt, 2.97 g/t Pd, 0.13 g/t Au and 3.1 g/t Ag including a 7.5 meter wide massive sulphide intersection that averaged 1.54% Cu, 6.81% Ni, 2.17 g/t Pt, 6.62 g/t Pd, 0.15 g/t Au and 6.12 g/t Ag. NOT-07-18 intersected mineralization between 105.2 meters and 229.8 meters that over 124.6 meters averaged 2.39% Ni, 1.09% Cu, 1.12 g/t Pt, 3.86 g/t Pd, 0.28 g/t Au and 3.89 g/t Ag. This well mineralized zone contained an 18.8 meter massive sulphide mineralized section between 211 meters and 229.8 meters that graded 7.38% Ni, 3.18% Cu, 1.05 g/t Pt, 10.16 g/t Pd, 0.23g/t Au and 8.92 g/t Ag.

NOT-07-19 encountered the main mineralized zone between 104.2 meters and 110.8 meters over a drill intersection of 6.6 meters that averaged 0.63% Cu, 2.32% Ni, 1.13 g/t Pt, 3.93 g/t Pd, 0.06 g/t Au and 3.01 g/t Ag. This 37.5 meter stepout to the south is quite encouraging as the grade remains consistent.

NOT-07-27 intersected mineralization between 112.8 meters and 159 meters that over 46.6 meters averaged 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver. This well mineralized zone contained a 35.6 meter wide massive sulphide mineralized section between 116.8 meters and 152.4 meters that graded 7.91% Ni, 3.45% Cu, 1.66 g/t Pt, 12.79 g/t Pd, 3.87/t Au and 9.27 g/t Ag.

NOT-07-29 intersected mineralization between 18.3 meters and 84.2 meters that over 65.9 meters averaged 1.48% nickel, 1.1% copper, 1.18 g/t platinum, 2.94 g/t palladium, 0.12 g/t gold and 3.3 g/t silver.”

KWG and Spider To Drill Targets Beside Noront Discovery News release KWG October 1, 2007

Fancamp Exploration Ltd.: McFaulds Property-Preliminary Airborne Data Received “...shows, in particular, the definite linkage of the conductive magnetic high of the Noront Zone with the large, conductive magnetic anomaly on the Fancamp Property, some 300 metres to the SSE. This "Linkage" forms a less intensely magnetic corridor about 150m wide which trends southerly from the SW end of the Noront magnetic feature, for about 300 metres then swings east into the Fancamp ground.”

Freewest Prioritizes Exploration Targets on its Mcfaulds Property, Ontario Freewest Flying Detailed Airborne Geophysical Survey on its McFaulds Property, James Bay Lowlands, Ontario News release Freewest October 29, 2007

KWG, Spider and Freewest Start Winter Exploration Program McFauld's Lake Area, Northern Ontario News release Freewest February 4, 2008

Hawk Uranium Inc. Increases Interest in Claims in McFaulds Lake Area of the James Bay Lowlands News release Hawk October 1, 2007

Work to Commence on the Hawk Joint Venture McNugget Claims in the McFaulds Lake Area of the James Bay LowlandsNews release Hawk October 12, 2007

Hawk's JV Partner-MacDonald Mines Exploration Ltd., Announces the Completion of the First Phase of Drill Program on the McNugget Property, McFaulds Lake Area, James Bay LowlandsNews release Hawk January 22, 2008
http://agoracom.com/ir/Noront/messages/728426#message

[mike32]

Drilling set to GO!!...jeremy
Posted by: kelsee on February 14, 2008 03:58PM


…maybe you missed this Jeremy, it’s a segment taken from Snug’s post of his recent conversation with Neil earlier this week, hope this helps… kelsee


On the topic of the SPQ/FWR/KWG chromite and PGM option, Neil was up at the site last week. He spotted the first drill hole location and the drill crew is ready to go. The start of drilling is pencilled in for February 15. Neil noted that there are "junior geos" at the site but that Dr. Lahti, the senior geologist, will be overseeing the drilling. 5000 meters is scheduled to be drilled by June with a July completion date. If something "big" if struck, more drilling can take place at this location.
http://www.agoracom.com/ir/Spider/messages/729333#message

--------------------------------------------------------------


Diamonds?..FYI..
Posted by: kelsee on February 14, 2008 08:11PM

In response to: Re: Diamonds? by SnugTheJoiner

…here’s the story on SPQ’s diamond projects with both KWG and Renforth, taken from the Oct.1st 2007 news release, for jv percentages refer to Links Library re: Spider Playbook
http://www.agoracom.com/ir/Spider/messages/719446#message" target="_blank" rel="nofollow ugc noopener">
http://www.agoracom.com/ir/Spider/messages/719446#message - news release

http://www.agoracom.com/ir/Spider/messages/719446#message - Spider Playbook



Spider & KWG share three diamond discoveries

The Spider/KWG Joint Ventures also include three diamond projects each of them being original JV discoveries including; the Wawa Project, the MacFadyen Project and the Kyle Project. The MacFadyen and the Kyle kimberlite swarms are in the Attawapiskat River basin of the James Bay Lowlands, proximal to the De Beers Victor Diamond Mine that is in its last stages of construction and development, scheduled for start up in late 2008. The MacFadyen project is contiguous to the Victor project, while the Kyle kimberlites are located about 100 kilometres to the west, in the vicinity of where the McFaulds Lake VMS occurrences and the Noront discovery are located.



The Kyle Project has been optioned to Renforth Resources Inc, which may earn up to a 55% interest by completing total expenditures of $6 million over a newly agreed four year period. Renforth is nearing completion of their initial program, where it is anticipated that they will have spent $2 million in exploration and other expenditures related to their initial earn-in requirements for a vested 20% interest in this exciting diamond project. KWG and Spider currently jointly hold the remaining 80% interest.



The Wawa project is located northeast of Lake Superior near the town of Wawa, this project has been active since 1996, when diamonds were first discovered in bedrock in the area. Since then, other junior explorers have taken up land positions surrounding the Spider – KWG land position. The Joint venture is planning a follow up drilling program on this property to be completed in the next 6-8 months.



KWG operates MacFadyen; Spider operates Wawa

KWG has elected not to participate in funding the Wawa, Kyle and McFaulds Lake projects’ exploration programs until its 50% JV interest has been reduced to 33%, Spider is the operator for these three projects. Spider has elected not to participate in funding the MacFadyen project exploration programs until its 50% JV interest has been reduced to 33%, KWG is the operator of the MacFadyen project. The Diagnos Initiative project and the Freewest Option project are equally held, with operatorship switching from year to year.


http://www.agoracom.com/ir/Spider/messages/729619#message

[mike32]

updated claims map
Posted by: kelsee on February 15, 2008 02:46PM


…here’s the link below, and when you look at the map and the lines pointing out mineralized areas, it’s nice to see SPQ attached to all but one, that being the Noront DE-1 of course…it kinda falls in line with my post the other day with regard to Neil Novak being one of the first to kick stones in the JBL’s, that’s why you see Neil’s name, SPQ, attached to four of the five mineral finds, and he actually had everything to do with finding the DE-1 deposit, so… I guess there’s a moral to this story, the next time you get a chance to attend a ground-breaking ceremony, make sure you go cause you never know what you’ll find, right Neil?!….lol…okay…okay…so forget the moral already…. kelsee out..



http://www.agoracom.com/ir/Spider/messages/730536#message

[mike32]

@all ,

anbei noch eine schöne Zusammenfassung von kelsee .

Ich werde nicht viel Kommentare dazu schreiben ,
jedoch versuchen ,
hier die wichtigsten Kommentare zu posten .

Mein Kursziel bis Ende des Jahres liegt bei 1,00 CAD ,
etwas darunter o. darüber ,
sollte bei einem KK von ca. 0,11 CAD keine Rolle spielen .



SPIDER...
Posted by: kelsee on December 11, 2007 08:23PM


...this is the first "kick at the cat" in an attempt to put pertinent information forward on one plate for an overall "birds-eye" view of the company for the investor who wants a quick heads-up on the SPQ. More work to be done and info collected, but we'll eventually get it done.... kelsee


NEIL NOVAK

Education

Graduated from University of Waterloo in 1977 and immediately became involved as a project geologist for the Canadian operations of Australian based uranium explorer Pancontinental Mining Ltd.



History
Twenty-eight years experience in the mining industry, the last 10 of which have been directly related to the diamond exploration industry.



In 1983, Neil left Pancontinental and formed a private consulting company, Nominex Ltd. As managing director of Noninex, Neil became involved in various North American and International exploration assignments.



In late 1992, Neil prepared the geological report that supported the initial prospectus for Spider Resources Inc. in his capacity as consultant to the founders of Spider. Spider Resources Inc. became a public company in early 1993. Neil became an active board member and senior officer of Spider in 1995 and remained as such through to early 1999. Neil was re-elected to the Board of Spider in September 1999, and was re-appointed as Vice President in November 1999 and as Secretary for the corporation in January 2000. In June of 2003, Neil was appointed as the Chief Operating Officer of Spider.



In 1995, Neil joined KWG Resources Inc. and Ste Genevieve Resources Inc. as the International Exploration Manager for the group of companies; he remained with Ste Genevieve/KWG until November 1997, then helped both companies in their corporate restructuring through 1998.



In 1997, Neil in his capacity as International Exploration Manager for the Ste. Genevieve Group of Companies was appointed President of Ambrex Mining Corporation, (later changed name to Karmin Exploration).



In January, 2000 Neil through his ownership of Nominex Ltd., teamed up with Norman Brewster to form the consulting company Billiken Management Services Inc. Neil is president of Billiken Management. Billiken entered into a contract with Spider Resources Inc. and joint venture partner KWG Resources Inc. to manage all exploration activities of the KWG/Spider joint venture in the capacity of "appointed manager".



Neil through his involvement in Billiken provides geological consultation and assists in financing various other resource companies, and as a partial result, in November of 2002, Neil was appointed to the Board of Noront Resources Inc.



http://www.freewest.com/_resources/properties/mcfaulds/mcfau…

http://www.freewest.com/_resources/properties/mcfaulds/mcfau…

http://www.freewest.com/_resources/properties/mcfaulds/mcfau…

http://www.freewest.com/_resources/properties/mcfaulds/mcfau…

The Richmond Club

Posted by: SnugTheJoiner on November 28, 2007 07:45PM



I apologize folks for taking so much time. I had three glasses of red wine at lunch. It was held by The Richmond Club at the National Club on Bay Street. Rather hoitee-toitee. Reeked of money, actually. But once we all make some excellent $$$$ with SPQ, we must invite Jeannie to join us all for a lunch and numerous bottles of wine at the National!!!!

When I got home, and after I heard that Kelsee was shoveling snow, I felt really sorry, but only for a second or two. When I read about all the women waiting for me - my communication - my heart raced. Ah... it's a difficult job but someone's got to do it!!!

So here's the scoop. BUY, HOLD, and GO LONG.

Richard Nemis and Neil Novak were at the meeting. Michael White of IBK made the "dog and pony" presentation. I have numerous points so be patient. Remember these are MY notes, they are subjective, and should be understood as such. If you have any questions, post them on this hub. I will try to answer them.

a) Michael White of IBK made presentations over the last week or so in Europe: London, Brussels, Frankfurt, and Monaco. I think there was another European city, but I have forgotten. The NOT and Ring of Fire story was received with great interest.

b) Michael will be in New York City and Boston on Monday of next week. There may be other USA visits. He probably will be visiting citiies in Asia the week after.

c) From another guest who flew in from Montreal, it was mentioned that JP Morgan was hired by a very large mining company to assess NOT and the Ring of Fire. I can not confirm this, but it was suggested that the large mining company was XSTRATA. Remember that I can't confirm this, but where there's smoke, there's fire.

I have mentioned the above information from IBK and JP Morgan (investment companies) because Michael White mentioned twice a time-frame of 12-18 months for a larger investor to bid for the "Great Canadian Area Play". This speaks to the strategy being employed by Nemis, NOT, and Novak. (My personal comments directly on SPQ I will put a little further down.)

d) I asked this question of Mr. Nemis: Can you enlighten me on the tangled web of joint ventures with regarding to NOT and the Ring of Fire? He replied: It is my strategy to have as many as 15 JV's sign with Noront. Noront has staked many new claims (a new claims map should be out tomorrow - Kelsee). They want to option off many of these claims. The Ring of Fire is much, much too large for Noront to explore by itself. He has two (recent JVs (WSR, Hawk?) and six more on his desk. Each JV will pitch in $5 million; however, Noront will hold 50%+ ownership and hold operating responsibility.

Why is the above info important? It is clear from today's meeting and the NOT AGM that Noronto, that NOT will drive much of the exploration at the Ring of Fire. Nemis wants to be able to present in 12-18 months a 50%+ package to the likes of XSTRATA, CVRD, or some other Major.

Not only will the 50% NOT package look really good to the Major, it will benefit the JV. Their shares will also see a strong upside. Everyone wins.

It was also mentioned once again two other points that will look really good to the Major. 1) They will not have to build a smelter. There are smelters in Sudbury, Ontario and Thompson, Manitoba. 2) A road to the Double Eagle location will cost just $2 million. Peanuts to a Major.

e) NOT will focus its drilling at Double Eagle, and SPQ/FWR/FNC will focus their drilling at the PGM and chromium site close by. I inferred that they feel there's a stronger possibility of significant finds in those locations.

f) Nemis wants Noronto to have as many as fifteen (15) drill rigs on site. Drilling is costly but a necessary evil. The Major will require this information. (This does not include SPQ/FWR/FNC drill rigs.) If this number of rigs find their way to the Double Eagle, there probably will be one more NOT financing.

g) NOT assays for holes #13-#16 are imminent. They have "visuals" for holes #18-#26. Novak said #18 "looked" like #5 (the "glory hole").

h) Phase #1 or the aerial survey has just been completed. Phase #2 will be completed by year end. There are four (4) more phases to be completed. Sorry, I have no more information than that. However, if each phase takes 4-6 weeks, the survey should be completed sometime in 2Q08. I believe this information will be critical to selling the Major. (I heard from Novak that the TDEM survey looks down 150 meters into the earth.)

Final Impressions & SPQ

When I saw Nemis and Novak walk in together, I said to myself, "These guys are working closely together: one's the salesman, the other, the geologist (technical credibility). NOT and SPQ, to my mind, are just about one and the same. As the fortunes of NOT go, so will SPQ. How much SPQ's share price will appreciate with this scenario can only be guessed at. However, my guess is significant. (I'm still planning on a 2008 Holiday Season party. If the share price gets to $3.00, I'm changing the location to somewhere in Austria.)

The bottom line: it's imperative to be PATIENT. The story is not even half-way out. There's going to be lots of froth... I mean lots of froth. But if you buy at these bargain basement prices, you can expect a multi-bagger. One more big find by NOT or SPQ or FWR or FNC and share prices will move sharply up. And this will only happen with the drilling going on, and the rest of the 2008 winter drilling program.

SPQ is an important part of a much larger play. It's VMS locations are already documented and will be better defined by the TDEM surveys. It will be a juicy morsel for any Major, and is part of the larger NOT JV strategy.

Regards, Snug

Neil Novak, Noront AGM, and SPQPosted by: SnugTheJoiner on October 30, 2007 07:44PM



If you haven't had a listen to the Noront AGM, I suggest that it might be a good idea: a strategy is being hatched which will likely impact SPQ's share price in a very positive manner.

http://www.vcall.com/IC/CEPage.asp?ID=122308

Neil Novak impressed me at the AGM. He speaks intelligently, he knows his geology, and (when you listen to the AGM) he knows his $$$$. Clearly he is a very important Noront Director and well respected by Richard Nemis. This personal association is the first key point.

The second key point was outlined by Mr. Nemis: working with other juniors (SPQ, FNC, FWR, and PRB were mentioned), Noront will work as the "lead operator" to create a McFauld's area play. Options will be taken on each other's properties will mean that all of the players will be working together to maximize shareholder value.

The third key point is that mining majors (XSTRATA, CVRD, Diamond Fields were all mentioned by Novak) and major individuals have been calling and visiting "the ring of fire." Therefore, upcoming drill results by any of NOT, SPQ, FNC, FWR, or PRB. will further whet (sharpen) their appetite.

Finally, I sense that Neil Novak has been spending a great deal of his time busting his butt working with Nemis and Noront in order to present "a package" to the majors. SPQ is an integral and important part of this package. It has a large land area as part of "the ring of fire", which is very valuable.

SPQ's share price is a STEAL. Take advantage.

Snug




SPQ is preparing a 43-101 compliant document for their deposit reserves...
Posted by: johndefur on November 13, 2007 11:29AM



Below I have copied just SOME of the Cu only finds that SPQ has made..
SPQ has made double those findings in VMS style Cu Zn findings...
In total SPQ has found more than 10 of these types of deposits....the reason I only selected these (I will post the others another time), is because I believe, as my Geology post suggested, that these Cu only deposits are related to the MMS Ni Cu etc, deposit...Although SPQ had not been looking for them,my theory suggest that these MMS Ni Cu deposits may in fact exist in SPQ claims, and with the new HIGH MAG maps, SPQ will be able to outline them much easier...

IMCO

JD


On Sept/05, a drilling program was conducted on the seven occurrences
identified to date located on the Joint Venture’s 135 square kilometre
property. A VTEM airborne survey (January, 2005) and ground geophysical
follow-up survey over the project claims were also conducted. Preliminary
results from the VTEM and previous Geotem airborne survey revealed
additional targets in the vicinity of the McFaulds Lake VMS occurrences.
The most significant result during the year was obtained on the McFaulds
#3 occurrence where hole McF-04-57 intersected 8.02% copper over
a drill length of 18.8 metres. Further drilling will eventually be
required to fully test
the size of the three known targets, with the ultimate goal of confirming
the existence of a mineable reserve.

On Apr 07/05, received the assay results for the McFaulds Lake project.
The assay results for drill hole McF-05-64 intersected 5.0 m grading
4.02% Cu, 0.4 g/t Au and 10 g/t Ag. Within this interval there is
an upper 1.55 meter section grading 9.1% Cu and a lower 0.7m interval
grading 6.5% Cu. The Gold and Silver values are consistent with the
surrounding holes as is the relative lack of zinc. The drill results
indicate that the Alteration and Mineralization Zone has narrowed
to about 10m and the massive to semi-massive consisting of chalcopyrite
and pyrite has narrowed to 2.25m within the main sulphide zone of
5m (248.6-253.6m). Further results are pending.

For the period ending Mar31/05, resumed drilling, four new holes
intersected massive to semi-massive sulphide mineralization. A fifth
hole designed to test a deeper section of the volcanic stratigraphy
down plunge from the copper bearing drill-holes intercepted massive
magnetite with minor bands of chalcopyrite. On the MacFadyen Diamond
Project, drilling commenced in March with the objective to test the
deep magnetic dike-like structure located peripheral to the five
kimberlite pipes discovered on the property. KWG-Spider was still
awaiting results from the two five tonnes mini-bulk samples collected
from the Wawa diamond Property last fall.

On Mar 07/05, received assay results from the third and fourth holes
of the winter drill program. Drill hole McF-05-60 intersected a total
of 7.16 m grading 1.9 % Cu and within drill hole McF-05-61 intersected
3.5 m grading 2.2 % Cu, and within these intervals narrower intervals
of higher-grade copper were reported.the preliminary results of the
VTEM airborne survey have been received. Five significant magnetic-
electromagnetic anomalies with a total strike length in excess of
six kilometres have been identified by the joint venture from the
preliminary data. Two of these anomalies are located in the western
end of the claim block with one covering 10 flight lines (1.5 kilometres
long) and the second being significantly longer and formational in
nature.Grids are being cut on the best portion of the targets in
preparation for drilling this summer.

On Feb17/05, received assay results for the first two holes of the
winter drilling program at McFaulds Lake. Drill hole McF-05-58 intersected
a total of 10.2 m (265 m to 276.4 m) grading 4.84 % Cu, and within
this interval, there is a 9.2-m section grading 5.72 % Cu. Drill
hole McF-05-59 intersected 10.65 m (283.8 m to 294.5 m) grading 6.4
% Cu, and within this interval, there is an 8.5-m section grading
7.9 % Cu. Currently hole McF-05-62 is under way and is designed to
test the down-dip and downplunge extension of the mineralization
described above and this hole will be the deepest (minus-350-m vertical)
drilled on the McFaulds No. 3 body (occurrence) of massive sulphide
mineralized to date.

In Jan/05, a VTEM airborne survey was completed. To date, seven (7)
new base metal sulphide occurrences have been located on the property.

On Jan31/05, intersected significant massive sulphide thicknesses
in the first two drill holes of the winter drill program on the McFaulds
Lake # 3. Drill hole McF-05-58 intersected 12.4 m (264 m to 276.4
m) and drill hole McF-05-59 intersected 15.15 m (280.85 m to 296.0
m) of massive to semimassive sulphide mineralization similar in tenor
to that observed in drill hole McF-04-57 that had 18.8 m of 8.02
% Cu last fall. Drilling continues on the property.






Geological Theory/Facts of Genesis at McFaulds P.2

Posted by: johndefur on November 11, 2007 05:27PM



Geological Theory/Facts of Genesis of McFaulds P.2

I seldom say this, In my view this post, with the up to date Geological information contained herein , is a must “keeper” to cut and paste, for future reference, to those interested/invested in the McFaulds Area….this post has taken weeks to research and put together….

Information credit will be given to their Sources, accordingly, and in all cases referred to herein, these are their professional opinions, based on their interpretations of fact findings studies , to which , I have then added/applied my kowledge/information/opinions of the McFaulds Area…I have decided to post this information, knowing that I have met their requirements, which are proper “credit” and non commercial use…proper credits are listed below, and as you all know/may know, I have not /and am not being paid by anyone to post on these forums.. .I do so simply to provide information and my considered opinions…..just your usual cautionary statements…

The Purchase of
MNDM Publications
MNDM Publication Sales
Local: [phone]
Toll Free: 1-888-415-9845, ext. 5691
(inside Canada, United States


I will begin with Prof. A.J. Naldrett, world renowned Geology professor and probably “THE” or one of , the world experts on MMS , Ni Cu PGEs …

I met Prof. Naldrett of a few occasions and attended a good number of his lectures on MMS Ni Cu PGEs, in Toronto, and have read much of his written papers on said subject, long before McFaulds came along….I will not go into very complex and extremely difficult geological terms and theories..I will try to describe some theories here, as simple as possible, under the circumstances of the very complex subject of geology in general and super complex McFaulds geology in particular….

Below are 3 general “findings” by Prof. Naldrett of his studies of worldwide MMS Ni Cu PGEs deposits :

"Magmatic Ni-Cu sulfide deposits form as the result of the segregation and concentration of droplets of liquid sulfide from mafic or ultramafic magma.When most major Ni-Cu sulfide deposits, including those at Kambalda, Western Australia, are viewed in the light of studies at Noril'sk, Sudbury, Jinchuan and Voice’s Bay, three factors become apparent:

(i) the concentration of sulfides in channels or conduits through which much magma has flowed (feeder conduits for intrusions are much more prospective targets for exploration than the base of the intrusions themselves);

(ii) (ii) the interaction of the source magma with country rocks, either leading to the incorporation of sulfur, or the felsification of the magma in question;

(iii) (iii) fractional crystallisation of sulfide liquid giving rise to Cu-rich ores which may be far removed from the 'source' ore.

Anthony J. Naldrett Key factors in Genesis of MMS Ni Cu PGE implications for exploration."

The first point is relatively simple , and as I have posted previously, that these NI Cu PGEs sulfides are accumulated and deposited in magma conduits or “feeders” conduits for much larger intrusions, wherein successive introductions of Magmas have occurred…BUT once you have ‘prospected “ and found these magma conduits mineralized with Ni Cu PGEs , then many Geologists recommend drilling much deeper for the “source” (parent) magma responsible for these deposits as these deeper bases of the Magma are usually also “mineralized”…especially in the case of McFaulds, wherein good evidence exists of the regional.presence of Chromite layers , and enxtensive titomagnetite layers, that are good evidence for the proposition that very HOT, Dynamic Magmas , existed at McFaulds, and were responsible for the mineralized “feeder conduits” the type of Dynamic Magmas that could host Massive Nickel Sulfides, near or at their base….more on dynamic magmas and their “plumes” in another post some time…

from BMK news and my discussions :

That these thick madfic gabbro-ultramafic sills have high nickel and possible Platinum Group Element (PGE) potential has now been proved by the presence of nickel sulphide in more than one place, as well as the regional presence of chromitites and laterally extensive titanomagnetite layers evidence for hot magmas of the type that may host large massive nickel sulphide deposits near their base.
The second point is extremely important and very relevant to the formation of McFaulds area deposits, which would include the Speatacular NOT discovery, and the BMK Ni discovery, and of course hopefully many more as yet hopefully undiscovered discoveries…

"(ii) the interaction of the source magma with country rocks, either leading to the incorporation of sulfur, or the felsification of the magma in question;"

So then from this statement we conclude that in order for magmatic sulfides to concentrate in one area and remain in situ, either Sulfur from the surrounding country rock, or more importantly as in McFaulds case, “Felsification” with the contact magmas…

We have all heard and read many/most of the uninformed and geologically ignorant posters/doubters refer to the “granodiorite, which they describe as having limited NOT’s ore bodies. …..Nothing could be further from the “truth/facts”…

You will recall that in most all NOT drill holes to date, the mineralization ended in “ granodiorite”…It is my opinion, that , what existed prior to the NOT mineralization event, was Large “granite” bodies as the country rock…these “granites” are/were in fact all felsic, containing up to 65%to 90% of quartz and alkai felspars, therefore they are felsic. The “feslsificatiion” referred to above, potentially occurred when the “mafic” parent magma, probably a gabbro, came into contact withand mixed with the “granites” country rocks and assimilated and transformed it into “grano-diorite”, thereby felsification of the Parent Magma in question..so that diorite part, is the “mafic” component parts of the parent gabbro? magma, which assimilated with the “granites” felsic country rock , then transformed them into “granodiorites”. This felsification,into the Granodiorite, in my opinion in this case is what created the “trap” for the Ni Cu PGEs sulfides, in situ, which accumulated near the edges of this process….

So the “granodiorite” is GOOD news, since that was part of the Parent magma, and the “trap” for the Ni Cu PGEs mineralization in NOT’s Area discovery…Thus the granodiorite does not limit NOT’s Spectacular discovery, or many likely future such discoveries in the McFaulds area…….

The third point is:

"(iii) fractional crystallisation of sulfide liquid giving rise to Cu-rich ores which may be far removed from the 'source' ore. "

As most of you know, SPQ has discovered many, more than 10 so called VMS deposits containing Cu and Zn…However some of their discoveries were only Cu with no Zinc…some were as much as 8% Cu…..this leads me to believe That those Cu only discoveries , were as the result of “fractional crystallisation” of the parent magma/s that gave rise to Ni ores, which may be far removed from the source(parent) ore…

Implications of this“fractional crystallization” for McFaulds may be;

1. These rich Cu only discoveries made by SPQ are part of the magmatic processes which gave rise to the Ni Cu PGEs of NOT and likely many other such deposits along the belt at McFaulds..
Alternatively, these SPQ Cu only discoveries give potentially, some evidence that such Ni Cu PGEs deposits also exist in SPQ claims, both east and west, since these Cu discoveries were made some 25 Kms east, and 25 Kms west ,and away from NOT’s Ni Cu PGEs deposit.
Further confirmation of these Ni deposits, spread out throughout McFaulds belt, comes from BMK who discovered a 93 Ft. section of drill core assaying about .40% Ni., in their MacNNUGET claims some 25 Kms west and away from NOT, which BMK is drilling now…

2. Thus there is both evidence for a GIANT parent magma, for the entire McFaulds area, or more likely,a series of Large mafic magma intrusions which potentially gave rise to a series of Ni Cu PGEs deposits, and farther away potentially the Cu only deposits and potentially, Massive Sulfides Ni deposits at their base, as above noted….

Here are some other very important and NEW findings/interpretations about the Geology/Geological setting for McFaulds…this information is borrowed from MNMD, Ont Gov. Open File Report-OFR 6192, Scott and Rainsford, 2006, from Aeromagnetic data , and revised terrain maps….this report is their interpretation of the data collected…

I would advise anyone who is serious about learning more on McFaulds Geology, to obtain a copy of said repot, (doesn’t cost much), but it gives you much additional information/data, a great number of maps and other illustrations data and information for the entire Hudson’s Bay/James Bay Lowlands etc…I am only going to quote a couple of items in this post, of this very large and informative geological/geophysical report, which I consider very important indeed…which as I read the fine print, is allowed, provided one gives the report “credit”, and it is for non commercial use, as noted above…

OFR 6192 Scott, Rainsford…2006
From Aeromagnetic data, and revised terrain maps…

Some features to note:

-" The merging of greenstone belts of Uchi domain and Oxford–Stull domain under the James Bay Lowland;"

Of course, these is a very complex set of Geological factors which cannot be explained easily,
Or ascertained to any degree in one study, however, certain assumptions may be theorized, such as the reason why these 2 distinctive Geological Units have “merged” under the James Bay Lowlands…This MAY indicate some evidence for plate tectonics, more particular “subduction zones” or crustal growths thru “rift”which have “merged” these 2 UNITS together..
Some other potential evidence for this “subduction zone” and crustal growth is stated below, wherein an “INDENTOR” taken to mean an indentation, or a lowering of the James Bay lowlands terrane, as compared to the surrounding rocks, sometimes referred to in Geology as similar to a Graben…additional important data from this statement below is that this “indentor” is flanked on each side by FAULTS…you will see this more clearly if you obtain the full report…
Now the “GRABEN” concept/idea is my opinion, since the geological definition of Graben is
“ an elongated depressed crustal unit, or block, that is bounded by “faults” on it’s sides”…it may or may not be expressed as a “rift valley”….

How my “GRABEN” description importantly relates to the Ni Cu PGEs mineralization is somewhat clear, since some of the World’s largest Ni Cu PGEs deposits like Norlisk in Russia occur within these types of “GRABEN” or “indentors” "low lands" ..At Norlisk it is described by Naldrett as a 3.5 Km thick “volcanic basin” in/near the axis or keel of an anticline formation, that is thought to have brought these deposits to near surface…these Norlisk deposits are world class and account for LARGE portion of Ni Cu and of course PGE’s..Russia being the world’s MAJOR producer of Palladium…you will also notice a number of “DOMES” and anticlines in and around the McFaulds lake area from the Geo maps posted…

- A large indentor-like feature underlies the James Bay Lowland, flanked by faults; -

Debate has grown as to the AGE of these MMS intrusions…The statement from the said report below, may shed some light into this discussion…I have read and that some samples taken from the McFaulds and adjoining areas, area were dated from 2737 to 2696…A;though I previously posted that these rocks were Proterozoic,, or earlier, that was not exactly correct. They are about 200 Million years older… The Archean age ranges from 3.8 to 2.5 Billion years old…the youngest known as late Archean 2.9 to 2.5 Billion years old.. Proterozoic age starts after 2.5 Bill…so the dates quoted in some reports show that some of these intrusive rocks underlying the Paleozoic limestone are of late Archean ages aound 2.7 Billion years old,…some of the surrounding rocks are of early Archean ages 50+ more years older……From reading may publications, and mapping of World MMS Ni Cu PGEs deposits, especially from Prof. Naldrett, it seems that the older the rocks the higher the sulfide content of Ni etc…, since the theory is that the earth’s Mantle, was somewhat more HOT Dynamic and Violent , than it is today, as it is very very slowly cooling…so AGE may be a plus for McFaulds…and interesting side note of these world MMS deposits maps, is that Canada has been unusually blessed with a higher proportion of these deposits , than other countries…

In conclusion, I have believed for some time that the Potential for Large and rich deposits of Ni Cu PGEs at McFaulds is/has been Great!..…As more geological data , interpretation and especially drilling comes forth, I believe again the words of Mr. Nemis “THE RING OF FIRE ( The McFaulds area) WILL BE LARGER THAN VOISEY’S BAY”…the structure and Geology are there, the Ni Cu PGE’s are there, at least proven to exist thru 50 Kms belt of McFaulds, while others potentially to be found and extending Mfaulds further…
from SPQ’s VMS discoveries some 25 Kms away East from NOT’s discovery, to the BMK Ni MS discovery last year 20+ Kms away West of NOT’s discovery….now all that is left is the very important “drilling” to actually outline and “prove” the orebodies…Good luck to all McFaulds Lake Players….

ALL of the above as usual ….In My Considered Opinion…pls do your won D.D….
JD


today's Thoughts...rift at McFaulds?...

Posted by: johndefur on October 29, 2007 08:11PM



Rift at Mcfaulds ? …today’s thoughts…



This FP was a set up for NOT and area plays…I mean, out of the thousands of listed companies listed on TSX/TSXV, 1 day before the AGM FP decides to publish this false negative article..no other way to describe it…I think the writer should be sued !! even if it would only meant a judgment of $5,000 or so…the purpose is to expose the fraud some of these papers put out…FP had the fall back position of, oh well it was an insider… …Novak….the question that should be asked is why disclose insider info on NOT

Just before the AGM, why not some of the other thousands of companies…



An apology and retraction/reprinted correction will mean nothing, they accomplished their devious goal… I am almost certain this was no accident, just as mouthpiece PVE was no accident….maybe somebody is giving FP a BIG advertising contract…many many negative sentiments have been posted on all boards by bashers/traders, as a coordinated attack on NOT since the last news release, that culminated in the FP attack…well IF 70 cents down is the best they can do, that speaks volumes for the interest in NOT and Mcfaulds area plays..



IMCO this will be yet another “ 1 or 2 day wonder”…As soon as NOT releases it’s updated news, hopefully positive, and updates on drilling results and upcoming drilling,

Hopefully at the AGM, NOT and all area plays will resume their Upward ascent…the world wants some confirmation from NOT that McFaulds is the real deal….



RIFT???



I have been noticing for sometime now that a rift is developing between NOT and BMK…It started when first received emails “advising” me not to post about BMK at AGO. NOT…then a couple of weeks later I noticed one of my posts there mentioning BMK was “edited”…I immediately issued a post stating that I would no longer post at AGO NOT. Over the last 2 weeks I have spoken to a few of the area players and found out that BMK initially proposed that all area players join in and conduct an area wide AeroMAG very detailed survey to include HIGHS/Electors, etc…I found out that NOT refused to participate for some reason…BMK went ahead about a month ago on it’s own 100% land claims and their JV claims south of NOT…It turns out that a couple of weeks later, NOT,SPQ/KWG, FWR,PRB and FNC have now got together and are conducting similar surveys over their claim lands…

Another interesting hint was the BMK announcement of the 4 BIG Mining Royals , Lassonde, McEwen etc and Lassonde’s daughter appointed to BMK board… and taking a piece of BMK shares and not of NOT…I noticed today that NOT and most others aforementioned were down and under pressure most of the day some closing a penny up or so on very low volume…while BMK was UP most of the day, with heavy volume, with a late last minute dump to closes it down 2 cents…this is only about the second time BMK has gone totally in opposite direction to NOT…Those BIG 4 Royals may be a factor, as well as the fact that BMK is drilling in about a week, but I just felt there something else also at play…I can’t quite yet put my finger on it but I will soon enough…on the other hand this “rift” may just be coincidences?….



As long as NOT comes out tomorrow or the latest in 2 days with the drill results and plans etc…I don’t believe NOT shareholders, including myself, have nothing to really worry about…FP bashing or not…I think it’s going to be quite an exiting few days for the whole area of McFaulds….

IMCO



Novak Resigns from UC...Great NEWS for SPQ..

Posted by: johndefur on November 29, 2007 09:36PM



Mr. Novak resigning from UC, is very good news indeed...I think this is part of the reason SPQ was UP today to 11.5, and will see much much higher prices from here on...
This move frees up Mr. Novak to concentrate solely on SPQ and NOT...
As I posted before these 2 Novak, Nemis are twins...you always see them together, they alway work as a team...Don't forget that SPQ was the STAR of the area long before NOT became the STAR this year...

Just some of the ways that Mr. Noval may/can/should increase shareholder value, include...

JV with NOT and others...lots of talk about this...
Staking additional claims at McFaulds and optioning them to NOT or others...NOT is still staking and making deals..so why NOT SPQ...they have the $$$CASH now...

I say again Mr. Novak will devote all his time now to NOT and SPQ...

don't forgetSPQ insiders, including Novak, own at least 9.8% of SPQ shares "declared", we don't exactly know how many more....so they will be enriching themselves at the same time...It will be in their best interest to make SPQ a success... for all of us...

GO SPQ GO!!!

All of course as usual ...IMCO

JD




RE SPQ/UC...algrove

Posted by: johndefur on December 02, 2007 07:37PM



First SPQ does in fact have 3 Claims Blocks, as I mentioned in my post...,If you look closely at the Map of the link I provided, you will note that on McFaulds East, there is an extension of SPQ claims
leading upward from SPQ older claims to their new claims next to and to the right of BMK's Big Mac property...If you look at the older maps
those claims were NOT there...there was a space between BMK and SPQ claims...also notice that NOT has also staked recently in that area...

Second "diagnos" claims...yes I have spoken to Novak last month on this very issue...Prior to an amended agreement bewteen SPQ and KWG, yes they both had 50/50 % each at McFaulds...however KWG wanted to concentrate on diamonds, SPQ wanted to concentrate on Metals...
SO...this new amended agreement last year, gave/will give SPQ 67% Int in all McFaulds joint claims and KWG 33% Int...SPQ was appointed "manager" of McFaulds. Wawa, and Kyle...while KWG was appointed "manager" of MacFayden wherein KWG holds/will hold 57% Int to SPQ's 33% Int...SO this agreement applies to all the claims held
jointly by SPQ and KWG...And yes i am very HOT about these "diagnos" claims myself, as well as the optioned claims below...

Third...Now you will notice that the optioned claims from FWR are/will not be subject to this amended agreement, since this was a seperate transaction, and so SPQ 32.5%, KWG 32.5% and FWR 35% Int respectively...Glad to see you keeping up with the SPQ/Renforth, but
didn't want to mention the land since i had already included in with the optioned claims...but good point...

As far as Novak's resignation from UC...I have made some conclusions although haven't got a full grip of the situation, as I haven't spoken to Novak since he resigned...My take is that this is exellent
news for SPQ, since he will now devote much more time to SPQ...
I really believe he wants to leave his mark on the exploration world, and I'm hoping he will do it with SPQ.....You know HE was responsible for NOT's discovery, and the 10 VMS discoveries...

And YES your scenerio is very much plausible, although the same thing could be said about SPQ and NOT since Novak serves on both...
You know when I spoke to UC, before Voisen's appointment, I got the impression that they were working "full out" on their Mexican Gold property and sounded like they wanted to mine it as soon as possible..He claimed they could use the proceeds$$ to further other projects...from what I understood it was a rather small deposit,and the figures I heard to accomplish production were NOT small.. so who knows, may be they pay slave wages downthere..
You will take note that the Geologist who replaced Novak, was a Mexican Geologist Roy, apperantly with alot Of Mexican ore experience...so maybe Novak seing that he has his hands full and didn't want to ADD yet another project in Mexico, with all the travel and work etc...

again, just conjecture on my part, but there may be other reasons that we don't yet know...stay tuned on this one...

BUT this idea of a JV between all 6 of them NOT,SPQ,UC,KWG,Fwr,FNC, in my view will eventually happen...the question then is...
AT WHAT PRICE???...and so yes, I do feel in the interest of all shareholders, these companies will be allowed to do some drilling to try and define some "hits" to attempt to determine each respective company's value for the JV....

All of course as always...IMCO...

JD



Re: i spoke to Mr. Novak of SPQ this morning..

Posted by: johndefur on November 05, 2007 11:46AM



as a matter of FACT, I did speak to that issue especially the PP stck price...his response was that the PP was done amonth and a half before NOT really started to move...he told me that SPQ now has $6,000,000.00 dolars in the kitty...I told him had he waited 1 more month he could have done the PP @ 20 cents or so, and that he would $12,000,000.00 in the kitty...his response was, it's nice to be something like a fortune teller...He did however point out that the warrants attached to the PP, were execrsizable @ 17.5 cents..

and if you notice on Sedar etc, you'll see many insiders bought in those warrants @ 17.5 cents...that ought to tell us something very important..He did a good job overall, farming out the expenditure to UC and renforth...so that SPQ will only need to spend a little on FWR option claims...so no more PP's for SPQ for a while...I hope..


IMCO

JD




spoke to Mr. Novak this morning....

Posted by: johndefur on December 05, 2007 11:32AM



I Spoke to Mr. N. Novak this morning…..



Basically I wanted to clarify some of the issues raised as a result my last post” The Spider’s Long Legs Spread Wide throughout McFaulds…..I must say I found Mr. Novak to be in a much more focused mood, and he went out of his way to point out to me that SPQ has some of the BEST “ground” at McFaulds…



The first issue was the Status/Ownership percentages of the Newly staked/acquired claims at Mcfaulds, as shown on the Nov. 16 New McFaulds claims Map…

The 11 New Claims just north of SPQ/UC and above NOT 2 claims, on the East side, below BMK’s Big Mac claims, are still to be determined, in terms of whether or not they will form part of the UC options claims….more about SPQ/UC below…



The New 18 claims jut West of said claims, and South West of BMK’s Big Mac, are in fact SPQ/KWG JV claims which were staked to protect area around existing claims…These claims areas were of “special’ interest to Mr. Novak, since they have/had been staked following “diagnos” analysis, and were very sought after by a number of Companies including DeBeers…Apparently the “AEM signatures of this property were very interesting indeed…If I recall correctly, I read that the NOT discovery was accidentally made Drilling for Kimberlite …so these new properties look very exiting indeed…



As far as the % interest on these new claims, Mr. Novak clarified all that…

The New “diagnos”Claims, will be equally owned/divided between SPQ 50% and KWG 50%, since under recent discussions with KWG, KWG has expressed a strong interest in McFaulds Area…



The FWR optioned Claims remain as I stated…SPQ 32.5% Int, KWG 32.5% Int, FWR 35% int…Mr. Novak seemed especially interested in these claims because of SPQ’s “findings” of Chromium and PGES, and the Geophysical anomalies/surveys underway…

Of course in addition SPQ holds numerous interests in the Claims optioned to Renforth

Throughout McFaulds, as well as Diamond interest in Wawa Kyle, and McFayden…



The Issue of the 2 Very LARGE claims Blocks held by SPQ 67% and KWG 33%, which has tentatively optioned to UC, through a “letter of Intent” which could/would earn 55% on certain conditions, including spending of about $ 5 Million dollars…I was told that UC has in fact spent about $1 Million of those funds, ahead of the signing of the sai formal/legal Option Agreement…I was also told that they are awaiting formal/legal approval of the wording of said “options agreement” from KWG. So as it stands today, The “Options Agreement” has not been Legally finalized, awaiting KWG’s approval…Mr. Novak again informed me that UC has NOT given formal notice to SPQ, the manager at McFaulds, that they intend to proceed with said ‘Option Agreement”, which would be reasonable since said Legal/formal agreement has not been finalized, and that UC has until March 08/2008 to give SPQ said Notice of intent to proceed with said “option agreement”… This is in one of the reasons Mr. Novak resigned from UC, ( my own view is also so that he could spend more time on NOT and SPQ) since whatever decision is taken by UC board on above noted “option agreement”. He did not wish to participate, so that decision would not have any “appearance” of influence/bias in any way…



Mr. Novak also went on the mention that he will be making a decision as whether to attend the upcoming Prospectors Developers Conference, but I got the feeling that he might….As you may imagine Mr. Novak was very busy, and so we ended our conversation….I got the feeling as I said Mr. Novak is very confident of SPQ’s prospects at McFaulds, and it seemed to me that preparations are well underway for the January/08 drilling on those “HOT” optioned claims with the “layered peridotite” 3 kms from NOT…

IMCO as always…

JD



MMS Probabilities for SPQ,BMK,FWR,FNC,KWG- EM Geophysics

Posted by: johndefur on December 09, 2007 03:40PM

This is yet another one of those rare posts that should copied and pasted for future reference, closer reading/study…It is especially important because it contains, in addition to some Geology, it also includes factual and very important Geophysics studies/maps from portion of McFaulds Area conducted by Area Players on or about 2004, and 2005…Take note that these Geophysics maps were made public, long before the Spectacular Ni Cu PGEs discovery by NOT….I mention this, since it is rather “rare” , with good reason, that Explorers publicly release this kind of Geophysics data/information after a great discovery….As evidence, BIG players like CVRD have already moved into McFaulds, apparently notifying Chief Jacob by letter.. The BIG CVRD question is …did they option land from NOT, or did they stake their own claims west of NOT?.. I doubt whether many of the Area Players would want to release “confidential” and detailed Geophysics Surveys publicly…However, fortunately, we do have these few Area Geophysical Surveys that can tell us volumes about the potential for NOT like MMS Cu Ni PGEs discoveries…These Geophysical Surveys only cover a small portion of McFaulds, approx a 5Kms radius from NOT’s Spectacular discovery and 5 Kms East, but they are extremely important because of their very close EM anomaly similarities and proximity to NOT’s EM signature/anomaly., all within 5 Kms of NOTFirst the all important Geophysical data/maps portion as they directly relate to the following Area Players around these area maps , including in no particular order, NOT, SPQ, BMK/JV, FWR, FNC,KWG. These Geophysics maps and their anomalous signatures, of said area are the real thing. They are the actual”physical;” EM signatureswere part of the data used I believe, to uncover NOT’s Spectacular MMS NI CU PGEs discovery, and SPQ’s famous Chromium/PGE’s layered peridotite discovery about 3 kms NW on strike, and were one of the primary reasons BMK/JV immediately ‘rushed” to stake the open area just below those SPQ optioned FWR claims. As a BMK employee told me after pointing these EM maps,…”why do you think we rushed to stake those claims near/below NOT, as soon as we heard of NOT’s MMS discovery”….So in my view, these Geophysics maps are very important indeed, and may/likely in fact point the way to other new Spectacular MMS discoveries, in this 5 Kms area, very shortly, with BMK/JV drilling this week there, and SPQ, KWG,FWR drilling there in January/08… To better satisfy yourselves as to the exact locations and claims ownerships, as these maps do not specifically give detail names of each claim holder, please download the latest claims map dated Nov. 26/08 from the link below, and zoom in to the area surrounding NOT’s Discovery…any Mafaulds map will do since these claims are somewhat original..McFaulds Area Claim Map…http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN… better and precisely follow the points I will make below, it’s best to download the 3 Geophysics maps with links below, and zoom in to have a real good/closer look..Map of NOT HLEM….courtesy BMKhttp://johnduff13.myphotoalbum.com/view_photo.php?set_albumN… AEM anomaly map borrowed from BMK of that portion of McFaulds being discussed in detail…courtesy BMK…http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN… TEM Map, of the area at McFaulds being discussed in detail…courtesy FWR..http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN… a word about EM Airborne “Electro Magnetics” vs “ Magnetics”“”Geophysics includes in the field of mineral exploration, in particular the search for “Electro Conductive” metallic sulphides and oxides in resistive geology..It also includes the search for “magnetic” anomalies/signatures , such as Magnetite and Phyrrotite etc,that are magnetic which are quite separate and distinct from Electromags, which relies on “Electro Conductivity”” ““”MMS Nickel and Copper deposits are typically very conductive, and return a strong EM response (so much so that specialised processing may be needed to detect them with time-domain EM systems) TEM. These deposits are generally associated with ultramafic intrusives, which also produce strong magnetic anomalies, useful for targeting prospective geology within regional magnetic surveys. The presence of pyrrhotite in the deposit may create a magnetic anomaly, although it can be lost in the strong magnetic anomalies of the associated intrusives.””The letter before the term EM, refers to the type of EM….H EM is a Helicopter EM.. FEM, is a Fixed wing EM… TEM is a Time domain EM…They are all EM’s with different instruments/applications, such as for depth, close to surface, differentiating etc etc.…these and New types of these Geophysics Surveys is a real growing business, and usually take up to 20% of the booths at Prospectors Conventions……to cut to the chase…..I will be concentrating /discussing the following claims and Area Players…NOT and it’s MMS discovery Claim….FNC and it’s 4 claims adjacent to NOT…SPQ/KWG and their 5 Claims(optioned from FWR) adjacent to FNC…SPQ/KWG 321/2 % Interest each, FWR 35% Interest…BMK’s 2 claims below SPQ/KWG and adjacent to FNC… 1 Claim of SPQ/KWG Just after said 2 BMK claims…and 4 Claims above SPQ/KWG of FWR…I will first deal with NOT…many, including Kaiser have suggested that NOT’s MMS discovery extends some 2400 M S/W….in the first HEM map, you will notice that NOT’s EM anomaly does in FACT extend South/SouthWest by some 2400 M all within NOT claims….So, in conclusion, there is a great likelihood that NOT’s discovery deposit does in FACT extend further by about 2 Kms …perhaps not totally continuous, but rather in sections of that 2400 Kms strike length, since in part, the line used to outline this EM anomaly is not a solid line, but a broken line in dashes…The second Geophysics map, courtesy of BMK is very important indeed…For it not only shows the precise EM anomaly/signature of NOT’s MMS Ni Cu PGEs discovery, but it shows the intensity and strike direction, of a number of very similar EM anomalies as follows: please remember there are no numbers or data given on this map but a visual comparison would suffice…It is very clear that NOT’s anomaly extends North/West into SPQ/KWG/FWR Claims, there are at least 3 very similar anomalies , directly on strike NW from NOT’s anomaly/discovery…these 3 anomalies have great likelihood of being MMS,this is where SPQ found the Chromite ansd PGE’s…One EM anomaly is divided between SPQ/FWR/KWG and BMK..this is an important one, since it also lies next to a Fault, and is marked HIGH EM… A smaller anomaly is found in one of FNC’s claim a little bit South of NOT’s EM anomaly …this anomaly too has a great likelihood of being MMS…The next anomalies is in the BMK/JV claim, marked in red in BMK map,almost on strike NW a little more south of NOT/FNC’s EM ..anomalies…These one too has a great likelihood of being MMS, especially since they are next to a Fault and are marked as HIGH EMs, along with another anomaly right adjacent NW to it which is in SPQ/KWG claim….Leading from these anomalies almost on strike north/west, there are at least 4-5 such anomalies mostly leading in and into SPQ/KWG/FWR claims…these most certainly have a great likelihood of being MMS, as you will see in the next map, a “fault” running right next to them, and are marked with a solid red line, indicating a HIGH EM anomaly.. As you can see, those are the only High anomalies released in this partial map for that area .from BMK… they look superb…I asked a Geologist friend what percent chances he would give these anomalies under the circumstances of NOT’s EM Anomaly MMS discovery…He gave me a 60% chance of them being MMS…my guess was a 65% chance…so there exists a very good likelihood these/some of these EM anomalies represent MMS deposits, especially when viewing the last Geophysics map from FWR…So to summarize, ..1 EM anomaly in NOT’s claim, the MMS Ni Cu PGE discovery…and what looks like a continuation of that EM anomaly in NOT’s claims SW…….1 EM anomaly in FNC claim…just S. of NOT….5 to 6 EM Anomalies in SPQ/FWR/KWG JV claims….3 EM anomaly in BMK/JV claim...and 1 EM anomaly in SPQ/KWG claim…this first map does not show the 4 FWR claims,although FWR map shows 1 EM HIGH red sold line Anomaly in FWR claims, just above a fault in the 2nd claim N of SPQ/JV claims,,All these have tremendous potential for MMS.You will note that on the next EM map from FWR, there is a little more detail and gives HIGHS and Medium and Lower EM anomalies…Remember that this EM anomaly was released prior to NOT’s MMS discovery, they were only drilling Medium to Lower EMs...Also none NOT ONE OF THE HIGH ANOMALIES on this Map were drilled , ( of course with the exception of the NOT anomaly/discovery) represented by very THICK/SOLID red line, that correspond exactly to the previous BMK HIGH EM Anomalies map , as some of the press releases from NOT had indicated…This is indeed very good news…Of course we can’t see the NOT or FNC High Anomalies on this map, BUT we can see SPQ/KWG/FWR, and FWR and the BMK claim, and SPQ/KWG claim, and the 4 FWR claims..…You will note that on the BMK/JV first claim there is a Fault(black dotted line), and beside that Fault,still on BMK claim, there are 2 solid lines and 2 thick black points at the top of the claim, never been drilled …these are excellent MMS targets/potential…the second BMK claim EM anomaly does not show up on this map, 9maybe it wasn’t surveyed, but one can see from the adjacent BMK claim , that the HIGH to Medium EM conductors do flow into BMK calim from SPQ/KWG claim…The SPQ/KWG claim borders in black) has tremendous potential for MMS since it has 2 solid red lines, indicating HIGH EMs, and 2 black thick markers…continuing on from there and joining the “Fault” in a NW direction, is a series of very solid red lines and thick black dots, in a much longer stretch all in SPQ/KWg/FWR claims..This area in my Opinion has the HIGHEST chance of being an MMS deposit, leading from about the middle of the JV claim on extreme left and moving NW past the top of that small square inside that claim, and past the Fault line, and are all HIGH EMs…there is a very similar but smaller one just below the above…Agin I believe that these last 2 EM anomalies mentioned have in my opinion, the HIGHEST possibilities of MMS mineralization…FWR has 1 EM High…None of these HIGH EMS have been drilled…BUT I’m almost certain they will be drilled on or about Jan/08….Remeber that there also exist a high possibility of hitting a pure PGEs deposit, and also remember the VAST Claims/Lands that NOT/JV,BMK/JV and SPQ/JV have at McFaulds,which have never been drilled for MMS HIGH EM anomalies…Just an interesting side note about that little square piece of land inside SPQ/FWR/KWG..As I was informed, it turns out that it was owned by an individual who refused to sell it for many years…eventually a deal was made with Renforth to buy said property, and subsequent to that SPQ/KWG made a deal with Renforth optioning all their diamond plays at McFaulds, and so acquired interests in that small square…I believe there exists a great likelihood that some of these EM High Anomalies noted above will find MMS NOT like deposits at McFaulds…this would mean superb NEWS for NOT as well as well as said Area Players, since it’s the total tonnage at McFaulds that will make NOT and all McFaulds deposits “economical”.For the record, and in full disclosure, I own most all of the above noted Area players, and have been accumulating more over the last couple of weeks, especially SPQ, BMK and FWR for reasons above noted, and may be accumulating a bit more if prices weaken further…As usual, this is all In My Considered Opinion…please do your own Due Diligence….JD





SPQ reserves/estimate may be as high as 25 to 50 MILLION tons…

Posted by: johndefur on November 20, 2007 09:38PM



Below you will see:



1. 2007 Gravitational Survey Results, portion from SPQ…



2. SPQ Property Summary of Drilling and other Activities

Please read these FACTS below for yourselves and do your own DD…



As you will read in the 5th paragraph News Update of Summary of Drilling, a preliminary “resource estimate” compliant with 43-101, has been underway, and should be released any time now…

We can probably guesstimate at an approximate size of over 50 MILLION tons of Cu and ZN, probably averaging 1% each, for a total of 2% combined Cu Zn…



That over 50 MILLION estimate is taken from Dr. Spector’s calculations below..He estimates “excess mass” of 6 MILLION + tons for SPQ’s McFaulds # 3 VMS, and As the SPQ release states , VMS # 3 has now been extended/confirmed by 100Ft step out last month, by actual drilling….

A similar estimate of excess mass can be calculated for the other three anomalies identified in the survey area…That would make 18 MILLION tons for the other 3 VMS , ao that would add up to 24 MILLION tons of 2% combined Cu Zn as an estimate…that 24 MILLION tons for VMS 1,2,3 and 4…REMEMBER…

SPQ has an additional 6 VMS discoveries, #5,#6,#7,#8,#9, and #10…according to the survey below, they are also similar or “equidistant from the contact zone”…but we’ll give those other 6 VMS discoveries and estimated 4.5 MILLION tons each , being conservative ,for an estimated total of 26 MILLION tons…

So 24 =26 = 50 MILLION tons estimate, combined 2% Cu+Zn…

Also remember some Cu porphyry mines are mining Cu at a cut off grade of 0.2% Cu, to an average of about .75% Cu and no Zn…so the SPQ mine reserves estimates, and data from SPQ deilling would be good grade indeed…



Feasibility;



What McFaulds needs is tonnage…be it Ni Cu PGEs or Cu Zn Au etc, is not the real issue…the issue is tonnage to make McFaulds “feasible”.. As NOT continues to define their Ni Cu PGEs orebody, some estimates as of now are about up to 5 to10 MILLION tons and counting of about 1.5% Ni, 1.7% Cu + PGE’s…NOT’s deposit will surely grow in size as it remains open to the South and at Depth…



So as one can see, the tonnage numbers will soon begin to add up to make McFaulds a great mining camp, and a very diversified and rich one as well, as further discoveries and tonnage is found, that should make McFaulds very “feasible” to mine indeed…



Alsoo remember Mr. Nemis’s desire to form a JV partnership with SPQ and others in the surrounding area, so that he would present the entire area as 1 Package with controlling interest to a MAJOR…

In my view, eventually SPQ will play a BIG role in that JV partnership with NOT and surrounding area plays, simply because of their 10 VMS finds and the HUGE land claims with potential other finds for SPQ……

SPQ is NOT a fly by nighter…They will soon announce a preliminary estimate of “tonnage” compliant with 43-101 instrument…How many companies at McFaulds can say that today…In my view SPQ is way undervalue for their known and somewhat proven reserves+estimates+potential….



All of course IMCO…as always..

JD2007 Gravimetric Survey ResultsResults of the gravimetric survey recently completed and interpreted by Dr. Allan Spector, consultant to JVX Ltd., have been received. The interpretation of the new results, based upon more complete coverage, now suggests that there are present 4 gravity anomalies, coincident with the 4 known and partially drilled sulphide occurrences (McFaulds #1, #2, #3 and #4) all within the main "C" grid, that was extended to the northeast to cover McFaulds #1 and #2 massive sulphide occurrences for the purposes of this new survey. ……

Dr. Spector states "M3 is an egg-shaped gravity anomaly about 0.8 mgal in amplitude, observed on 3 lines; 500E, 800E and 1100E." The anomalous zone has a strike length of about 800m. From modeling it has a thickness of about 20m and a depth extent of over 300m.

Dr. Spector estimates that the M3 anomaly represents excess mass of 6 million tons. This estimate is not to be considered a "resource estimate" for the McFaulds #3 massive sulphide occurrence, it is merely an interpretation of mass based upon the measured varying physical properties of the rocks that contain this massive sulphide occurrence, when compared to the surrounding rocks. This information, however, gives management a better understanding of the possible scope or size potential for this partially drilled off massive sulphide occurrence, as well as the other nearby occurrences, that were covered by the present survey.

A similar estimate of excess mass can be calculated for the other three anomalies identified in the survey area, however, additional gravity surveying was strongly recommended to close off the definition of these anomalies.

In addition, the gravity data suggests that there is a major fault structure trending NE-SW, located 100 to 150 meters southeast of McFaulds #1 and #3 occurrences, placing these two occurrences equidistant from this gravimetrically rendered fault/contact zone. This structure is noticed in aeromagnetic and electromagnetic surveys completed in 2003 and 2004. It is important to note that McFaulds #5 and #6 occurrence are also located proximal to this same feature, both being equidistant from the contact zone, to the northwest as well. This set of geophysical observations support the concept that the McFaulds Lake occurrences are structurally controlled VMS deposits of the Noranda style, as opposed to replacement style massive sulphide mineralization.

SPQ Property Summary

The Spider # 3 project area is composed of 13,000 sq km located in

the James Bay Lowlands of Ontario, Canada within the Porcupine and

Thunder Bay Mining District and is located adjacent to the Spider

#1 Project. (Dec/05) Added another 3 claim blocks optioned from Greenstone.

(2005)



As at Sep 30/06, the project covers three properties including the

McFaulds (East) property (includes the McFauld’s #1 - #7 mineral

occurrences), the McFaulds (West) property (covers the McFaulds #8

to #10 mineral occurrences) and the Gremlin property (covers a series

of conductors identified by a/b surveying), covering collectively

approximately 360 square kilometres.



The Gremlin property consists of 19 staked claims covering approximately

41.44 square kilometres. (Sep 30/06)



COPPER-ZINC (Volcanogenic Massive Sulphide) and PGE targets.



* Technical report (Oct/05) on document Pa331708.pdf; 71 pp.

* Technical report (Jul/04) on document Pa331503.pdf; 88 pp.

* Technical report (Jul/04) on document Pa199307.pdf; 88 pp.

* Technical report (Jul/04) on document Pa199306.pdf; 55 pp.

* Technical report (Jul/04) on document Pa199305.pdf; 55 pp.



Geology



The McFauld’s Lake VMS project was initially discovered in 2002,

while Spider, KWG and De Beers Canada Exploration Inc. in joint venture

were exploring the project area for kimberlites. To date, 10 isolated

VMS occurrences have been identified and drill tested on the project,

two of which have undergone detail drilling. (Mar 7/07)



The McFauld's VMS occurrences consist primarily of stringer copper-

style mineralization associated with intense talc-chlorite alteration.

(Mar 14/07)



News Updates



As at Oct23/07, a preliminary resource estimate was underway. In

addition, results for holes McF-07-77 to McF-07-79 were reported.



On Sep 5/07, drill assay results were released and include 19.02

m of 2.69% Cu, 4.35% Zn, 0.35 g/t Au, and 6.63% Ag in hole McF-07-

75. Drill hole McF-07-75 was set up on line 8+25 N and the initial

dip was -64 degrees for a total length of 192 meters. The hole was

designed to overcut historic 2004 hole McF-04-41 (6.49% Cu and 3.45%

Zn over 8 meters) and infill an area in the mineralized zone that

had not been previously tested, as required for an update on the

resource estimate for this occurrence. The main mineralized zone

was encountered between 164.28 meters and 183.3 meters (19.02 meters).

This entire section averaged 0.35 g/t Au, 6.63 g/t Ag, 2.69% Cu and

4.35% Zn over 19.02 meters.



As at Aug 30/07, a total of 2,354 metres has been drilled in seven

holes. Furthermore, preliminary results of the recent UTEM3 survey

have been received and suggest that there are several early time

channel anomalies located throughout the area covered by the main

C grid; however, there are two conductors of possible interest, with

a possible third conductor depending on loop/line geometry.



On Jun15/07, UTEM (deep electromagnetic) geophysical program commenced.





On May 1/07, an update on the completion of a gravimetric survey

was provided. The survey crosses McFauld’s #1, #2, #3 and #4 VMS

occurrences and precedes a planned deep EM geophysical survey over

the same grid scheduled for late May or early June. The initial interpretation

of the previous 2005 gravity survey suggested that there was a large

gravity anomaly centered near and parallel to the existing base line;

basic modeling of the excess mass inferred by the gravity anomaly

suggested this mass was located at least 600 metres below the surface.

This excess mass anomaly was not explained by the diamond drilling

completed on the McFaulds #3 occurrence prior to the first survey,

the excess mass was located in the same position at the McFaulds

#3 occurrence with respect to the grid and base line and extended

much further to the northwest as well as to depth.



As at Mar 31/07, a 4,000 meter drill program was approved. Based

on the results of an upcoming geophysical UTEMS survey at McFauld’s

#3, the Company will drill those anomalies to depth.



As at Mar 14/07, UC was in the process of developing a $1-million

exploration program with the intent of tracing the McFauld's No.

3 occurrence to depth, beyond the known depths of mineralization

(this occurrence has been drilled to around 400 metres depth). To

date, in excess of $9-million has been expended on the project of

which 47 drill holes, totalling about 15,000 metres, have been drilled

on the McFauld's No. 1 and No. 3 occurrences.



As at Mar 7/07, immediate plans involve the completion of deep geophysics

on McFaulds #3 and #1 to identify drill targets below and in the

vicinity of these two partially drilled off VMS (copper and zinc)

occurrences.



As at Sep 30/06, Spider was currently reviewing the 2005 VTEM airborne

geophysical survey where several linear anomalies have been detected,

to determine the merit of maintaining this property.



On Jul 18/06, completed a deep hole, McF-06-72, on a recent drilling

program. The initial summer program involved the drilling of one

deep hole, testing the McFauld's No. 3 VMS occurrence below the 650-

m level. Semi-massive to massive sulphide mineralization was encountered

between 536.8 m and 556.25 m downhole. The mineralization is within

a felsic tuff with moderate green chlorite alteration with variable

sulphide (pyrrhotite and pyrite) content. The entire mineralized

envelope was sampled and has been submitted for analysis.



On June 26/06, announced the startup of their summer exploration

program. The initial summer program involves the drilling of one

or possibly two deep holes, testing the McFauld’s #3 VMS occurrence

below the 650 m level. JVX Ltd recently completed an in depth review

of all available geophysics on the McFauld’s #3 occurrence, and has

recommended the deep drilling of two boreholes.



On Apr 18/06, announced completion of a diamond drilling program

and receipt of assays. Three holes were completed during this program

totaling 763 m, testing three isolated previously identified coincidental

airborne VTEM, ground Max-Min and ground Magnetic anomalies, located

15 to 20 km west of the main McFauld’s #1 and #3 VMS occurrences.

Two new VMS occurrences containing anomalous zinc and copper values

were discovered during this program. Highlights include: Hole McF-

06-70, intersected 3 m Cu grading 0.38%, and Hole McF-06-69, intersected

anomalous zinc encountered in an intersection between 73.4 and 77.5

m, additionally between 74.77 and 76.37 m, average zinc value was

1.35%. Additional work is required to fully understand this new zinc

occurrence and the new copper occurrence will also require additional

exploration to better understand its significance. Management anticipates

that the summer field program will start early, as soon as weather

permits after the breakup currently estimated at mid to late May.





On Oct 27/05, reported that: it had discovered eight massive sulphide

occurrences; nearby exploration companies had intersected volcanic

massive sulphide (VMS) style mineralization; both MacFauld #1 and

McFaulds #3 occurrences had undergone an initial review of the scope

of resources by an independent consulting group; grade sensitivity

analysis would be undertaken; deeper drilling with a larger drill

rig was recommended and will be planned to test high-priority targets;

results to date have been promising but are insufficient to support

a major mining operation on a stand-alone basis; efforts will be

focused on other nearsurface mineral occurrences; the Company is

preparing a winter drilling program.



On Sept/05, a drilling program was conducted on the seven occurrences

identified to date located on the Joint Venture’s 135 square kilometre

property. A VTEM airborne survey (January, 2005) and ground geophysical

follow-up survey over the project claims were also conducted. Preliminary

results from the VTEM and previous Geotem airborne survey revealed

additional targets in the vicinity of the McFaulds Lake VMS occurrences.

The most significant result during the year was obtained on the McFaulds

#3 occurrence where hole McF-04-57 intersected 8.02% copper over

a drill length of 18.8 metres. Further drilling will eventually be

required to fully test

the size of the three known targets, with the ultimate goal of confirming

the existence of a mineable reserve.



On Apr 07/05, received the assay results for the McFaulds Lake project.

The assay results for drill hole McF-05-64 intersected 5.0 m grading

4.02% Cu, 0.4 g/t Au and 10 g/t Ag. Within this interval there is

an upper 1.55 meter section grading 9.1% Cu and a lower 0.7m interval

grading 6.5% Cu. The Gold and Silver values are consistent with the

surrounding holes as is the relative lack of zinc. The drill results

indicate that the Alteration and Mineralization Zone has narrowed

to about 10m and the massive to semi-massive consisting of chalcopyrite

and pyrite has narrowed to 2.25m within the main sulphide zone of

5m (248.6-253.6m). Further results are pending.



For the period ending Mar31/05, resumed drilling, four new holes

intersected massive to semi-massive sulphide mineralization. A fifth

hole designed to test a deeper section of the volcanic stratigraphy

down plunge from the copper bearing drill-holes intercepted massive

magnetite with minor bands of chalcopyrite. On the MacFadyen Diamond

Project, drilling commenced in March with the objective to test the

deep magnetic dike-like structure located peripheral to the five

kimberlite pipes discovered on the property. KWG-Spider was still

awaiting results from the two five tonnes mini-bulk samples collected

from the Wawa diamond Property last fall.



On Mar 07/05, received assay results from the third and fourth holes

of the winter drill program. Drill hole McF-05-60 intersected a total

of 7.16 m grading 1.9 % Cu and within drill hole McF-05-61 intersected

3.5 m grading 2.2 % Cu, and within these intervals narrower intervals

of higher-grade copper were reported.the preliminary results of the

VTEM airborne survey have been received. Five significant magnetic-

electromagnetic anomalies with a total strike length in excess of

six kilometres have been identified by the joint venture from the

preliminary data. Two of these anomalies are located in the western

end of the claim block with one covering 10 flight lines (1.5 kilometres

long) and the second being significantly longer and formational in

nature.Grids are being cut on the best portion of the targets in

preparation for drilling this summer.



On Feb17/05, received assay results for the first two holes of the

winter drilling program at McFaulds Lake. Drill hole McF-05-58 intersected

a total of 10.2 m (265 m to 276.4 m) grading 4.84 % Cu, and within

this interval, there is a 9.2-m section grading 5.72 % Cu. Drill

hole McF-05-59 intersected 10.65 m (283.8 m to 294.5 m) grading 6.4

% Cu, and within this interval, there is an 8.5-m section grading

7.9 % Cu. Currently hole McF-05-62 is under way and is designed to

test the down-dip and downplunge extension of the mineralization

described above and this hole will be the deepest (minus-350-m vertical)

drilled on the McFaulds No. 3 body (occurrence) of massive sulphide

mineralized to date.



In Jan/05, a VTEM airborne survey was completed. To date, seven (7)

new base metal sulphide occurrences have been located on the property.



On Jan31/05, intersected significant massive sulphide thicknesses

in the first two drill holes of the winter drill program on the McFaulds

Lake # 3. Drill hole McF-05-58 intersected 12.4 m (264 m to 276.4

m) and drill hole McF-05-59 intersected 15.15 m (280.85 m to 296.0

m) of massive to semimassive sulphide mineralization similar in tenor

to that observed in drill hole McF-04-57 that had 18.8 m of 8.02

% Cu last fall. Drilling continues on the property.



On Jan21/05, resumed the winter exploration and drilling program

on the McFauld's Lake project. The holes will test the westward and

down-dip extension of the McFauld's No. 3 volcanogenic massive sulphide

"VMS" occurrence, involving 25-metre step-outs from hole MCF-04-57.

The joint venture also plans to complete the drilling of the elusive

MacFadyen "deep magnetic linear structure" during February.



In 2004, one of the anomalies from 2003 was drilled because it possessed

a similar EM signature with that of the McFaulds No. 3 deposit situated

some 6 kilometres to the northeast. Drill hole 04-01 intersected

13.5 metres of semi-massive pyrite within a thick unit of felsic

tuff and agglomerate. The sulphide intersection returned insignificant

base and precious metal values.



On Nov 08/04, received results from drilling on the McFaulds Lake

project. Results include for drill hole McF-04-57 intersecting 18.8m

grading 8.02 % Cu with anomalous amounts of silver and gold including

a 10.5 m section grading 9.35% Cu. The McFauld's #3 deposit has only

been tested for 400 m of strike at surface and it remains open to

the east and down dip. The DHIP survey completed on McFauld's #1

and #3 infers a continuation of both of the mineralized zones down

dip and down plunge. Further assays are pending.



On Nov 02/04, summer/fall exploration program in the James Bay lowlands

area of Northern Ontario ended. At McFaulds Lake, the last hole completed

(McF-04-57) intersected 18.8 m of massive sulphide mineralization

similar to other holes drilled nearby (such as McF-04-21, which intersected

13.8 m averaging 5.5% Cu, and McF-04-41, which intersected 8 m averaging

6.5% Cu and 3.3% Zn). Results for seven holes (McF-04-48 through

McF-04-54) were received. Select highlights include 2.00 m grading

2.000 g/t Au and 1.85 m grading 1.650 g/t Au, 0.190 g/t Ag, 2.89%

Cu an 0.001% Zn. In 2005 plans are to continue drilling and to initiate

new drilling on other high potential targets. The Joint Venture is

expected to conduct a helicopter "VTEM" survey over the newly staked

(winter of 2004) claims to the west of the main McFauld's Lake project,

as well as a separate group of claims acquired to the north of the

project area. Additional ground geophysical surveys follow-ups over

the remainder of the joint venture project claims (as well as any

additional claims acquired by joint venture) will unfold over the

winter season. Significant targets will be drilled.



On Sep 27/04, has received results from a downhole geophysical survey

on the McFauld's No.3 massive sulphide deposit. The results of the

geophysical survey on hole McF04-48 indicates the presence of a strong

conductor with low resistivity at a depth near 305m are consistent

with the presence of a continuation of the mineralized zone to the

east, beyond McF-04-48. Results from drill hole McF-04-46 and 47

have been received and includes intersection at 5.5m of massive sulphide

that averaged 3.0 % Cu, 0.04 % Zn, 0.37 g/t Au and 7.8 g/t Ag. The

current drilling program (holes No. 42 to No. 48) has extended the

strike length of the McFauld's No. 3 massive sulphide deposit an

additional 150 m eastward for a total known length of 300 m. Currently

the McFauld's No. 3 mineralization will continue by drilling to the

east of and below holes No. 47 and No. 48 on section 9 plus 00E and

9 plus 50E.



On Sep 13/04, released further drill results from VMS project. Highlights

from drilling include hole number McF-04-45 intersected 3.7m of massive

sulphide that averaged 4.9% Cu, 6.6% Zn, 0.45 g/t Au and 16.43 g/t

Ag. This mineralization was contained in a 5.2 m zone of mineralization

that averaged 4.38 % Cu. 4.80 % Zn, 0.39 g/t Au and 15.43 g/t Ag.

Drilling was designed to test the strike extension of the McFaulds

#3 VMS occurrence, based upon the interpretation of downhole geophysics

and as a follow-up to hole Mc F-04-41. Six new holes have been drilled

to continue testing the #3 occurrence at 50 m centers. Currently

other anomalies are being investigated and a geophysical crew will

complete the downhole geophysics on the new holes as well as a gravity

survey over the McFaulds #3 and #1 VMS occurrences.



On July28/04, drilling resumed. The main focus of the summer program

will be on the McFauld’s #3 which ore body remains open along strike

and down plunge. The objective will be to add better definition to

the zone in order to calculate grade and tonnage of a resource or

a reserve. Within the Joint Venture property other drill holes completed

this past winter, detected a number of economically significant mineralized

zones that require

follow up confirming that the McFauld’s VMS geological environment

has additional potential.



On May 11/04, the company reported continued positive drill results

including from McF-04-41(McFauld's No. 3 zone) which intersected

8 m of massive sulphide that averaged 6.5% Cu, 3.45% Zn, 0.42 g/t

Au and 15.5 g/t Ag. This mineralized section was contained in an

18.05 m-wide zone that averaged 3.3% Cu, 1.6% Zn, 0.25 g/t Au and

8.2 g/t Ag. This intersection of sulphide mineralization is located

down plunge and along strike to previously announced holes McF-04-

21 and McF-04-22 that averaged 5.5% Cu over 13.8 m and 4.06% Cu over

15 m, respectively. The geophysical survey results predicted that

the McFauld's No. 3 mineralization continued at depth (to 225 m on

Section 8+25 m northeast) and drill hole No. 41 confirmed this. The

zone still remains open along strike and down plunge. More drilling

and geophysical work on McFauld's No. 3 is planned during the next

phase of exploration to commence in June. Holes No. 38 and No. 39

were drilled on grid G located approximately 3.5 km south of grid

C where McFauld's No. 3 and No. 4 occurrences are located. Two holes

tested a strong ground geophysical (max-min and magnetic) anomaly

intersecting a zone of sulphide mineralization that is 3.3 m wide,

near surface and 1.3 m wide farther down dip. The copper mineralization

occurs over a one-metre-wide zone and grades 3.3% Cu over 1.3 m in

hole No. 39 and 3.62% Cu over 0.5 m in hole No. 38. Hole No. 40 was

drilled on grid H, located 14 km south and west of the main grid

hosting the McFauld's No. 3 and No. 4 VMS occurrences. Hole McF-04-

40 intersected two zones of sulphide mineralization between 120.05

to 128.65 m, followed by 143.1 to 159.35 m. Anomalous copper and

zinc values were encountered over the entire second zone. The first

2.05 metres of this zone averaged 1.15% Zn and 0.19% Cu. This result

confirms that the Cu-Zn fertile McFauld's VMS geological environment

is regionally extensive.



In early May/04, 41 drill holes have been completed which partially

delineated two potentially significant base-metal occurences known

as the McFauld's No. 1 and McFauld's No. 3. It has also identified

three additional VMS targets that have been tested by one or two

holes each.



On Mar 23/04, 35 drill holes have been completed.



On Mar 18/04, results of the tenth drill hole of the McFaulds #3

deposit winter drilling program was released. Drill Hole McF-04-29

intersected a 2.5 meter section of sulphide mineralization which

returned 4.39% Cu, 0.01% Zn, 0.92 g/t Au and 8.9 g/t Ag starting

at a depth of 326.6 m. The copper mineralization intersected in hole

McF-04-29 is still open and it is expected that copper mineralization

of similar thickness as in Hole McF-04-21 (see below) will be found

on adjacent lines as well as at depth.



In Mar/04, holes 26, 27 and 28 intersected moderate sulphide mineralization

with up to 15.8 m grading 0.44% Cu, 4.04% Zn and 2.29 g/t Ag. McF-

04-26, (the 7th hole) cut the mineralized zone at approximately 100

m below surface on section 7+00 NE. Hole McF-04-26 was drilled on

section 7+00 NE at 0+75 NW on an azimuth of Grid south with a dip

of -60 degrees, undercutting previously announced hole McF-04-25.While

these two holes have more or less defined the southwestern extent

of the McFaulds #3 VMS occurrence the zone remains open at depth.



In Mar/04, results of three drill holes from ongoing winter drilling

program. Drill Holes McF-04-23, 24 and 25 intersected moderate sulphide

mineralization, and returned up to 3.13 m grading 4.21% Cu, 0.2%

Zn, 0.22 g/t Au and 8.55 g/t Ag from hole McF-04-24. These results

suggest that the higher grade copper mineralization is persisting

to depth, although the zone is somewhat thinner on section 7+50.

Hole McF-04-25 was drilled 50 meters SW on section 7+00 NE.



In late Feb/04, the results of the third drill hole of the winter

drilling program drilled on the McFaulds #3 deposit. Drill Hole McF-

04-22 intersected a 15-meter section of mineralization, which returned,

from 96.4 to 111.4 (15.0 m) 4.06% Cu; 0.03% Zn; 0.55 g/t Au; and

13.81 g/t Ag. Included within this interval, from 100.54 m to 103.85

m (3.31m); 9.98% Cu; 0.04% Zn; 1.29 g/t Au; and 38.45 g/t Ag. The

third hole of the current program cut the mineralized section at

approximately 75 meters below surface on new section 7+50 meters

NE that is located 50 meters SW of previously announced holes on

section 8+00NE.



In Feb/04, results of second drill hole of winter drilling program.

Hole 04-21 intersected a 13.8 m section of massive sulphide mienraliztion

that graded 5.5% Cu, 0.34% Zn, 0.52 g/t Au and 15.4 g/t Ag.



In Feb/04, drilling had resumed. The current drilling is on the third

base metal discovery within the joint venture claims, locally referred

to as the McFauld’s #3 occurrence. It is anticipated that 8 to 10

strategically positioned drilled holes will be completed on McFauld’s

#3 as part of this program.



In Feb/04, results of first drill hole of winter drilling program.

Drill Hole McF-04-20, which intersected a 36-meter section (true

thickness) of heavy sulphide mineralization (previously reported

January 27, 2004), returned the following results: 5.87 m grading

2.8 % Cu, 0.02% Zn, 0.5 g/t Au and 15.5 g/t Ag from 68.4 m; and then

from 91.2m depth, a 4.2 m interval grading 0.26% Cu and 11.8% Zn

trace gold and 1.57 g/t Ag.



In Jan/04, first drill hole intersected 36 m of massive sulphide.

Assays are pending.



In 2003, the company has completed airborne geophysical survey on

the property. The survey defined 3 distinct clusters of high-amplitude,

multi-channel electromagnetic (EM) anomalies, interpreted to be bedrock

conductors possibly related to massive sulphide mineralization.



In Nov/03, the over-limit, 0.3 m (>30% Zn) sample previously announced

in Oct/03 from the McFaulds #3 occurrence assayed 36.22% Zn. Only

one hole has been drilled on this new discovery (now named the McFaulds

#3 occurrence), and therefore it is difficult to predict where the

hole is actually located in the three-dimensional model of a classic

volcanic

massive sulphide occurrence. Consequently several additional drill-

holes are currently planned for the winter program to provide additional

geological information and test the extent of the mineralization.

The McFaulds #3 occurrence is located approximately 1000 meters to

the southwest of McFaulds #1.



Results of Hole McF-03-19 that was drilled on anomaly “F” located

5 kilometers to the east of the area of McFaulds #1 and #3 occurrences

and east of McFaulds Lake have been received. The 250 meter deep

hole cut through a mafic sub-volcanic intrusive rock, in shear contact

with rhyolite volcanic tuffs. The geophysical anomaly appears to

be caused by the presence of disseminated and stringer sulphides

throughout the mafic intrusive rock. The seven-meter wide schistose

contact zone located between the mafic rocks and rhyolitic (felsic)

tuffs contained anomalous gold values grading up to 0.98 g/t Au.



In Oct/03, assay results from mosts recent discovery drillhole on

McFaulds #3 anomaly located approximately 1000 m southwest of McFaulds

#1 base metal occurrence. The geophysical expression of McFaulds#3

exceeds 600 m long and is approximately 50 m wide and is approximately

3 times more conductive than McFaulds #1. The drill hole collar was

located on the northeastern end of the anomaly. Water conditions

prevented testing the center of the conductive part of the anomaly.

This will be completed after freeze-up. Within the previously announced

(October 14) 42 m section of massive to semi-massive sulphide mineralization

there are three prominent sections containing significantly high

concentrations of Zinc. All three higher-grade zinc-bearing sections

including the intervening lower grade sections averaged 4.83% Zn

over 25.75 m. One 0.3m interval in the upper Zinc zone assayed >30%

Zinc, this zone is described as massive sphalerite. The two lower

sections collectively averaged 5.88% Zinc over 18 meters, and the

lower most section returned 7.95% Zn over 9.5 m. Directly beneath

the lower Zinc section is a contiguous 7.95 m section containing

an average of 1.5% Cu.



In mid Oct/03, third massive sulphide zone hit in drillhole (MCF03-

18) designed to test a geophysical anomaly 1000 m SW of original

McFaulds #1 mineralized structure. The mineralization in hole McF

03-18 is observable over a core length of 42 meters at a vertical

depth of 120.5 m and the style and tenor of the mineralization as

well as the geological formations in which the mineralization occurs,

has many similarities to the McFaulds #1 mineralized body.McFaulds

#3 has a geophysical signature similar to McFaulds #1 however it

is much longer – up to 800 meters long – with a coincident magnetic

high at its southwest end. Drilling will resume on this target when

ground conditions stabilize after the winter freeze-up.



In Oct/03, drilling to resume on property. The first hole will be

started on an airborne electromagnetic anomaly recently completed.The

first target to be drilled is located 1,000 meters to the southwest

of the original McFaulds #1 discovery made earlier this year. The

anomaly is approximately 800 meters long and has a co-incident ‘Bull’s’

eye magnetic high located at it’s southwestern end.Another un-named

anomaly, located 5 kilometers to the east of the McFaulds Lake camp,

will be tested next.



In Sep/03, discovery of a new copper enriched sulphide zone in a

satellite occurrence to the McFauld’s Lake Volcanogenic Sulphide

mineralization,Six new electromagnetic anomalies have been delineated

by the AEM survey on the joint venture property in the immediate

vicinity of the McFauld’s occurrence. One of these anomalies was

tested in the recent drill program, (hole 12) and intersected 12.5

m of 1.81% Cu, confirming that there are other areas of significant

mineralization in this new VMS camp. The other 5 AEM anomalies are

considered by management to have high priority for immediate follow-

up exploration including drilling. In addition all assay results

from the resumed drill program on the McFauld’s Lake joint venture

property in the James Bay Lowlands of Northern Ontario have now been

received.



In early Aug/03, assay results from resumed drill program on #1 target

- holes 9 returned 3.0 m of 1.07% Zn at 156 .5 m depth and 5.8 m

of 2.93% Cu at a depth of 240 m; and hole 10 returned 3.25 m of 8.2%

Zn from a depth of 302 m and 1.94% Cu from a depth of 306.0 m downhole.





In late Jul/03, Hole 9 has been completed and is being logged and

sampled. Hole #9 is located on section 4+50 m NE and is at 1+50 m

NW drilled to the southeast, undercutting previously drilled Hole

#8 that intersected 3.39% Cu over 5.6 meters followed by 7.64% Zn

over 4.1 meters. Holes #10 and #11 are located 150 meters northeast

of Holes #8 and #9 on Section 6+00m NE at 2+50 meters NE being 50

meters northeast of

previous Hole #7 that intersected 3.55% Cu over 6.9 meters, followed

by 2.05% Zn over 3.3 meters. Hole #10 is currently underway.



In Jul/03, startup of summer exploration program.The program consisting

of airborne geophysics and diamond drilling is designed to further

test the massive sulphide target delineated by drilling earlier this

year. The present program is expected to total 10 holes 4 holes at

McFauld’s to test further extensions of the mineralization, one hole

at a nearby anomaly and five others that will be assigned on the

basis of the results of the new holes or directed at new target areas

as identified by the airborne survey.



In May/03, assay results were reported from the most recent two diamond

drill holes completed. Hole #8 contained a 5.68-meter section averaging

3.39% copper and 4.1 meters that averaged 7.64% zinc in a significant

massive sulphide zone of 28.6 meters (from 172.0 m to 200.6 m). Hole

#7 contained a 6.9-meter section that averaged 3.55% copper and 3.3

meters that averaged 2.05% zinc in a massive sulphide zone of 17.8

meters (from 250.5 m to 268.3 m). The company anticipates resuming

exploration of this new discovery with a minimum of ten-hole drill

program to test the lateral and depth extension of the mineralization

in mid June.



In late Apr/03, receipt of assay results from the remaining four

diamond drill holes. Hole #6 was drilled below previously reported

holes #1 and #2 and intersected two highly mineralized sections a

rich copper zone that averaged 2.9% Cu and 0.45% Zn over 5.6 m and

a deeper zinc rich section that averaged 5.4% Zn and 0.3% Cu over

9.65 m. Holes #3 and #4 were drilled on a section 100 meters northeast

of holes #1 and #2. Hole #3

intersected the zinc and copper mineralization that averaged 5.25%

Zn and 0.58% Cu over 3.95 m. Hole #4 undercut hole #3 and intersected

a mineralized zone that averaged 3.3% Zn and 0.57% Cu over 6.2 m.

Hole #5 undercuts hole #4 and will be deepened by 100 meters to test

a target delineated by recently completed downhole electromagnetics.

Hole # 7, 50 m northeast of hole # 5, is currently being completed.



In mid Apr/03, receipt of the overlimit assay results from the second

diamond drill hole completed - the semi-massive sulphide copper section

averaged 0.53% Cu over 12.3 m and the massive sulphide zinc section

averaged 5.45% Zn over 5.35 m. Additional anomalous copper, zinc

and lead values were also encountered in this hole. Management has

contracted Quantec Geophysics Ltd., specialists in deep penetrating

geophysics to complete downhole electromagnetics (in four of the

existing holes) as well as surface deep electromagnetics to test

the depth extension of the sulphide zone.



In Apr/03, preliminary assay results from the first two diamond drill

holes. The first hole drilled to the northwest intersected mineralized

mafic to intermediate metavolcanics over a 29 m section. Two sections

are semi-massive sulphide material, one chalcopyrite (copper sulphide)

rich and the second sphalerite (zinc sulphide) rich. Assays from

the copper zone averaged 1.43% Cu over 8.9 m, the zinc zone averaged

1.79% Zn over 4.7 m. Between these two semi-massive sulphide sections,

anomalous values in copper, zinc and lead were also obtained in what

has been field described as magnetite iron formation. The second

hole was drilled to the southeast, this hole also intersected mineralized

intermediate to mafic volcanics over 46 m, also containing two massive

sulphide sections, the copper section averaged greater than 0.51%

Cu over 12.3 m while the zinc rich section averaged greater than

0.79% Zn over 7.15 m, interstitial anomalous copper, zinc and lead

was also reported for this hole.



In Mar/03, completed three diamond drill holes collared to test extent

of sulphide mineralization. The current program has two holes drilled

under the original intercept at a vertical depth of 160 m in the

first hole and between a vertical depth of 50 and 80 m in the second

hole. A third hole has been completed 100 m to the northeast along

the projected strike of the zone. Samples from all holes will be

submitted for analysis; analytical results are anticipated in a few

weeks.Drilling is continuing with an additional three holes planned.



In Mar/03, diamond drilling started to include 1000 m in 4 or 5 holes

to test Cu-Pb-Zn mineralization encountered while looking for kimberlites.





In Oct/02, results include values over various short (0.5 m) sections

as high as 7.09% Cu, 4.67% Zn, 2.68% Pb, 150.6 g/t Ag and 0.76 g/t

Au. The entire 8 meter section that was drilled and sampled, using

reverse circulation (RC) techniques, averaged 1.61% Cu, 0.34% Zn,

0.13% Pb, 9.9 g/t Ag and 0.13 g/t Au. The magnetic and electromagnetic

survey results as completed over this discovery area have been reported

upon by De Beers in house geophysical personnel. The magnetically

rendered body, tested by the single RC hole, is interpreted as an

elongate feature 220 m in length and 60 m in width, striking NE.

Appears to be a new VMS deposit. Similar pods of sulphide accumulation

can be expected to occur, along the strike of the VMS belt. De Beers

further reports that a second yet untested geophysical anomaly of

similar type is located nearby.



In Oct/02, base metals intersected in drilling but no kimberlites

or other diamond bearing formations. Notwithstanding this, possibly

significant sulphide mineralization was encountered in one of the

13 RC holes.





http://www.agoracom.com/ir/Spider/messages/659771#message

gruss mike
PS.: Der frühe Vogel fängt den Wurm !!!

[mike32]

- 16 C


http://www.theweathernetwork.com/weather/CAON0734

gruss mike & ein schönes Wochenende !

[mike32]

McFauld players & JV's - impressive list!
Posted by: Helium on February 20, 2008 10:21AM


Is this a list of "fortune seekers" or companies with a history in the mining bussiness, all committed to explore / start exploring McFaulds in the next few months?

SPIDER RESOURCES INC.
4 JV's
FREEWEST RESOURCES CANADA INC. - KWG RESOURCES INC.
RENFORTH RESOURCES INC. - KWG RESOURCES INC.
UC RESOURCES LTD. - KWG RESOURCES INC.
KWG RESOURCES INC.



Nice to see we' re not alone.........http://www.agoracom.com/ir/Spider/messages/734173#message

[mike32]

http://biz.yahoo.com/ccn/080222/200802220443900001.html?.v=1




Spider, KWG and Freewest Receive Preliminary Aerotem2 Report on Freewest Option Property McFauld's Lake Area, Northern Ontario

Friday February 22, 10:00 am ET


TORONTO, ONTARIO--(Marketwire - Feb. 22, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ - News) and KWG Resources Inc. (TSX VENTURE:KWG - News) and Freewest Resources Canada Inc. (TSX VENTURE:FWR - News) are pleased to announce the receipt of an Interim Report on their Freewest Option property (the "Property"), located approximately 15 kilometers southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of Spider and KWG and approximately 3.6 kilometers northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario.

This report was prepared by Scott Hogg & Associates Ltd., dated February 2008 and provides a technical review of a Helicopter-Borne Electromagnetic and Magnetic survey carried out by Aeroquest Ltd., under contract to Billiken Management Services Inc., of Toronto Ontario. Billiken also advises that a diamond drill contract with Cabo Drilling Corp., has recently been negotiated, on behalf of the joint venture and that preparation for diamond drilling is underway.


ADVERTISEMENT


Nine separate SW-NE trending magnetically and electromagnetically rendered anomalies have been identified within the limits of the property, as described within the interim report, most of which warrant additional follow-up. Of the nine conductors identified, six have been interpreted as having a NW dip, one has a near vertical dip and the other two are broader in nature. The latter two may be attributable to surface conductivity although there is some coincidence with magnetic patterns reflective of the underlying bedrock geology, so bedrock source for the conductance cannot be ruled out.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both the dimensions, and the peridoitite setting similarity to Eagle One; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. The initial focus of the drilling program will be to further investigate this Cr-PGE-Ni occurrence.

The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008). As stated earlier the initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property wide grid with 200 meter line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 meter spaced lines. Line-cutting has progressed over this area and the geophysical operators will soon be starting the ground surveys that will include horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying. Drilling is still scheduled to start during February, assuming all goes well with the geophysical surveying. The initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Interim maps produced from the recent Aerotem2 airborne survey have been reviewed and are currently being used to continue the planning of exploration for the remainder of the property. At present, eight other anomalies are apparent. The field operations and eventual drilling are currently under the auspices of Billiken Management Services Inc, of Toronto, Ontario.

This press release has been prepared by management of Spider Resources Inc. and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 301,184,917 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.



Contact:
Toronto Head Office
Spider Resources Inc.
Suite 1000, 15 Toronto St.,
Toronto Ontario, M5C 2E3 Canada
[phone]
Website: www.spiderresources.com



Source: Spider Resources Inc.

[mike32]

http://www.agoracom.com/ir/Spider/messages/736955#message


SPQ Joint Ventures - discussion with Neil Novak - Feb. 22
Posted by: SnugTheJoiner on February 22, 2008 11:27AM


I chatted for about 20 minutes this a.m. with Neil. We discussed SPQ's joint ventures so that the retail investor might understand how they are structured. Neil and I also discussed Why they are structured they way they are.

KWG's latest NR raised some eye brows with its 50/50 wording. The most important point underlying this wording is that Neil Novak's business approach to the McFauld's Lake area plays is very different than that of Mr. Smeenk (KWG). This difference brought a "divorce" (layman's terms) whereby all of the work, which SPQ & KWG had done up until 2006, would be split 50/50 including all expenses until that time ($29 million).

Some background history: In 2004 Spider Resources was approached by a large company proposing a takeover. Neil (SPQ) recognized that the McFaulds #1 & #3 needed a "major" to mine the VMS discoveries. However, Smeenk (KWG) did not want any other partners. Heated discussions took place (which included, I expect, company lawyers involved).

In 2006 SPQ and KWG decided it was finally time to focus on projects of specific interest ("the divorce"). KWG wanted to focus on MacFadyen because it has the kimberlite. Lawyers got involved which yielded this very confusing and similar wording found in many of the joint ventures: "SPQ has elected not to participate in funding the MacFadyen exploration program until its 50% JV interest has been reduced to 33%."

Neil explained to me the mathematics of this clause but it very convoluted - so don't worry about it. However, PLEASE NOTE: It is highly unlikely that SPQ will invest in MacFadyen. HOWEVER, the above clause is like a backdoor for SPQ in case something really good is found. AND THE SAME, but in reverse, goes for the Kyle, McFaulds Lake properties, the Diagnos and Wawa properties. KWG DOES NOT want to invest any money in these properties - but has a backdoor.

Neil and I also discussed the Freewest Option property. A news release came out shortly after our discussion. A drill contract has been signed, and drilling should start in the next couple of weeks. Dr. Lahti will be up at McFaulds next week. I, for one, appreciate the very methodical approach that Neil is taking. It increases the likelihood of some very good drill results and assays.

With regards to the McFaulds #1 and #3, Neil met with Jim Voisin this week. They also have interim aerial data. UC Resources is the operator on this project and a detailed project plan is forthcoming.

A few final points on SPQ's JVs:

1) SPQ and KWG are "joint" only on paper.

2) JVs take a lot of time. For example, any negotiations for work on a property e.g., the Freewest Option requires three sets of lawyers. So joint ventures are great because the bring in more exploration money and help share the risk, but are not so great (for the investor) because they take more time.

3) SPQ & Noront as sharing a booth at the upcoming PDAC conference. Neil will be there should you wish to meet him.

4) SPQ and NOT will have drill cores at PDAC. Neil said that Dick Nemis also wants to try and get a complete hole drill core. Should be interesting.

5) Below I have included my interpretation text of the SPQ JVs and percentages which I faxed to Neil yesterday. Neil reviewed it and found no issues.

I have endeavored to make my discussion as thorough as possible without writing a thesis. I apologize if any errors have inadvertently snuck in.

Snug

---------------------------------------------------------

Project #1 Kyle Properties [SPQ IS PROJECT OPERATOR] (no expenditures at this time) KWG has elected not to participate in funding the Kyle exploration program until its 50% JV interest has been reduced to 33%.Project #2 MacFayden Property [KWG IS PROJECT OPERATOR] (possible bulk sampling expenditure) Spider has elected not to participate in funding the MacFadyen project exploration programs until its 50% JV interest has been reduced to 33%.Project #3 McFaulds Lake VMS Properties [UC IS PROJECT OPERATOR] 50% SPQ / 50% KWG KWG has elected not to participate in funding the McFaulds Lake exploration program until its 50% JV interest has been reduced to 33%.UC Option Agreement with SPQThe UC Option: Subject to the terms and conditions set out in the LOI, UC shall be the operator of the property during the term of the option and shall have the option to earn up to a 55% undivided interest in the Property as follows:1. On or prior to the first anniversary date [March 7, 2008] of the signing of the agreement, UC shall incur exploration expenditures, of at least $1 million on the Property in order to earn a 10% vested interest in the Property; 45% SPQ / 45% KWG 2. If UC gives notice to Spider of its intent to continue the option for a second year, it shall be required to incur exploration expenditures of at least an additional $1 million on or before the second anniversary date [March 7, 2009] in order to earn an additional 15% vested interest in the Property, bringing UC's interest level to 25%; 37.5% SPQ / 37.5% KWG 3. On or prior to the second anniversary date [March 7, 2009] hereof, UC shall give notice to Spider of its intent to continue the option for a third year, in which case it shall be required to incur exploration expenditures of at least an additional $1.25 million on or before the third anniversary date [March 7, 2010] hereof in order to earn an additional 15% vested interest in the Property bringing the UC interest level to 40%; 30% SPQ / 30% KWG
4. On or prior to the third anniversary date [March 7, 2010], UC shall give notice to Spider of its intent to continue the option for a fourth year [March 7, 2010], in which case it shall be required to incur exploration expenditures of at least an additional $1.25 million on or before the fourth anniversary date in order to earn an additional 15% vested interest in the Property bringing the UC interest level to 55%; 22.5% SPQ / 22.5% KWG

Project #4 Freewest Option Property [PROJECT OPERATOR SWITCHES YEARLY BETWEEN KWG & SPQ] 50/50 on $2 mil expenditure à earn in to 65% - 32.5 % SPQ / 32.5 % KWG – at which time Freewest has 35%Project #5 Diagnos Initiative Properties [PROJECT OPERATOR SWITCHES YEARLY BETWEEN KWG & SPQ] 50% SPQ / 50% KWG (no expenditures at this time)Project #6 Wawa Diamond Property [SPQ IS PROJECT OPERATOR] 50% SPQ / 50% KWG (no expenditures at this time) KWG has elected not to participate in funding the Wawa program until its 50% JV interest has been reduced to 33%.




gruss mike

[mike32]

All Known ATEM2 Anomalies at McFaulds...response to Rundle..
Posted by: johndefur on February 25, 2008 09:16PM


thanks for your kind words...they are appreciated especially on a wonderful day like today....

YES, I think you raise a very important point...I have read alot of false and/or misleading info ascribed to these New ATEM 2 Anomalies...Thes ATEM 2 Anomalies ,from what I read, are a compilation of a series of numerous ATEM surveys that were recently completed by the Group at McFaulds.... BMK did NOT form part of that Group, and therefore I could NOT point to any ATEM2 Anomaly within their claims, in addition BMK has NOT released any kind of new ATEM 2 Anomaly Survey...BMK did drill "hornby" claims essentially close to DE! and did not find anything of economic interest...Of course they hold HUGE land positions so that easily change....Needless to say, BMK is not the only one, others at McFaulds have also NOT released their new ATEM2 Surveys...

Below is a link to a copy of the only ATEM2 Survey released to date by Noront....You will need to downloaded and blow it up to be able to see up close...I formed some of my conclusions in part based on this ATEM 2 Survey...When you blow this map up, you will very discreetly a number of smaller circles in varying sizes and varying colours...The Yellow circles, 7 of them, they are NOT's Anomalies, and the yellow star, represents DE1...The Greenish circles, represents SPQ,FWR,KWG JV, there are 3 includiing 1 very Large one which also includes NOT....Then there is 1 1/2 Bluish ones, which represent PTB claims....

You will all please note that these ATEMS 2 seem to run along strike...no where else in said map are there any more of these ATEM2 anomalies outlined/shown...Not in FNC, not in UC, not in BMK etc...

Since these ATEM2 anomalies appear to have the same 10 or so signatures as DE!, it would be reasonable to conclude that some/most of the other 10 or ATEM2 anomalies stand a good chance of beigf similar to DE1 or DE2, especially the ones in SPQ et al claims, since in 2006, wherein in one drill hole a layered peridotite "HIT" 2 layers of CHROMITE with NiCu PGEs etc...

I feel that these NEW ATEMS2 Surveys are important enough , that more McFaulds players should be releasing if not all of them, at least some of them, so that their respective shareholders can be informed, even though of course they may not be necessarily totally conclusive, it would certainly go some way in assessing the probabilities of "HITS" in their respective claims.....

All of course as usual IMCO

JD*

http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…" target="_blank" rel="nofollow ugc noopener">
http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN…


http://www.agoracom.com/ir/Spider/messages/740016#message

[mike32]

[mike32]

http://www.agoracom.com/ir/Spider/messages/743638#message




…I’m looking forward...
Posted by: kelsee on February 28, 2008 11:22AM


…I’m looking forward to hearing from Spider on the McFauld’s 3 property, as this recent article from Northern Ontario Business claims we drill here this spring also, and note the mention of “the recent change” on the SPQ/KWG jv and except for a prior commitment from KWG, Spider will be doing the bulk of the spending and per our jv agreement (refer to Spider Playbook in link library), 750K… gitty-up SPQ… this target is in the McFauld’s west area, while the upcoming program with UC will focus on the McFauld’s east area drill targets… so we await news on both of these fronts… is this the way you see it Snugs, Paul? …. kelsee

http://www.northernontariobusiness.com/industry/mining/03-06…

...taken from above article (link)...

Presently, Spider holds 33,664 hectares in the McFauld’s area. In a joint venture with KWG Resources Inc. (KWG), it was the first company to announce the discovery of the VMS mineralization during a diamond exploration program in November 2002.



Since that time, the Spider-KWG joint venture has spent more than $10 million drilling 68 holes, which led to the discovery of 10 anomalies and eight massive sulphide occurrences.



With the recent change of the Spider-KWG joint venture, Spider is now in the process of building up mineral resources on McFauld’s 1 and 3 properties.



To date, Spider has completed a drill program on a property optioned from Freewest Resources Canada Inc., and is focusing on the McFauld’s 3 property. Back in November 2004, drill hole McF-04-57 intersected an average of 8.02 per cent copper over 18.8 metres.



They have performed down-hole and deep-sounding geophysics, as well as gravity surveying.



“Of all the geophysics, it suggests the amount of sulphide we’ve intersected so far does not explain the magnitude of the gravity anomaly,” Novak says. “That means there is something much bigger there that we haven’t touched into yet.”



Spider plans to drill down below the 600-metre level (top of the gravity anomaly), spending about $750,000 to the end of April, with an additional $150,000 from KWG as part of a prior commitment.



Satisfied that the grade is there, Novak says it becomes a question of size in order to make it economical.

[mike32]

Geologi Genesis of McFaulds-Natural Process P5
Posted by: johndefur on March 02, 2008 11:54PM

Geological Genesis of McFaulds, Natural Theory. P5 To all McFaulds-aholics, I again strongly recommend that you cut, copy paste and print this article, as well as the newest McFaulds Geology map from the link below, and read/study it thoroughly in a so as to absorb it all in…… The opinions/theories as to the Geological Genesis of McFaulds still goes on…The purpose of this article is to attempt to put together, the Natural Geological/Geophysical Processes that followed either of the 2 most common and competing “theories” as to the initial Crack/Brake in the Earth’s crust , either being a Meteoric Impact, or Natural Geological processes including possible Rifting…What caused the Genesis of this Natural Geological/Geophysical Processes is really not as important , since even some known Meteor Impacts are still being disputed, so it will/would take many years of studies to try and determine that answers. What we do know, to some extent, is that these Natural Geological/Geophysical Processes that followed, are evidenced by way of the McFaulds known Geology and subsequent known mineralization that followed. This article will deal exclusively with known McFaulds Geology primarily from McFaulds Geology Map courtesy of NOT/SPQ , as well News releases and Geological articles and descriptions released by all McFaulds Players, and is a personal view/interpretation of said McFaulds Geology. Link to McFaulds Recent Geology Map is below….. http://johnduff13.myphotoalbum.com/view_photo.php?set_albumN… When you download the McFaulds Geology Map from the link noted, You w ill need to blow it up so as to be able to see some of the numbers assigned to the various rock types that are described in the legend on the top left side of said map. The Original parent magma may very well have been a FerroPicrite Mantle Plume and the country rock Granite , may have ended up in the end becoming (a) that Blue Gabbro N0 10 and NO 11 and 12 Grannodiorite, Tonalite quartz Diorite etc….. That is the sky blue No. 10 Gabbro in the below noted McFaulds Geology map, that surrounds these Mafic/felsic flows, and extends all along the Ring of Fire… This Gabbro on the inside of the Edge/Rim at McFaulds.. Let’s give this Gabbro a name shall we. …How about the “ McFaulds Gabbro Complex” , since in may areas what remains from said Mixing is not all true Gabbro, .As you can see in Said McFulds Geology Map, the entire body is not all Gabbro, since it also includes/contains portions of magma mixing, of the original ultramafic with said Felsic Granite, and includes, areas of rock described as Anorthosite,and Ultramafic rocks. This felsification of magma has resulted in a decrease in its ability to dissolve sulfide and therefore has promoted sulfide immiscibility. suggesting that sulfide liquids were developed in the magma chambers of said intrusion-on an area wide scale, probably at depth, rather than by local processes.In these Magma chambers , the magma velocity increased, resulting in violent flows, which then resulted in excess heat and magma assimilation with the granite country rock, and thru the process of Felsification , resulted in Magma reaching sulfide saturation, in turn resulting in the formation of an immiscible sulfide liquid melt. These immiscible Sulfide liquids droplets were transported along the fast moving conduits, and deposited in the larger/wider areas of those conduits. Continuous and successive flows of Magma thru those conduits resulted in the progressive/substantial enrichment of the original immiscible sulfide liquids. and thus the very rich deposits we find today… So it seems then in the beginning, a Superheated Ultramafic Melt perhaps a FerroPicrite escaped from an enriched Mantle or Mantle Plume , thru the huge cracks created in the Mantle, and thus melted away the country rock composed of the usual assemblages of that time, 2.75 Billion years ago, .Granite/Greenstone Terrains. This Superheated Ultramafic , thru millennia, then mixed as it ascended into the crust, melting with the Granite, and mixing/assimilating with it, below the surface, at first, then as the Plume rose, it continued to melt and ascended and mixed with the Country Granite all the way up it’s ascent.. The results of this continuous magma rising and mixing of Granite and Ultramafic melt, may have given birth to some of the McFaulds Geology we see today . Therefore IF this Theory is correct or one similar and what is left over from the Mantle Plume is the McFaulds Gabbro Complex, then the implications are that we can reasonably expect the MMS Ni Cu PGEs mineralization to extend all along the entire length of that McFaulds Gabbro Complex , near its contact with the Mafic and Felsic flows..The VMS Cu Znc etc Deposits may well be a different mineralizing “event” possibly at a different Geologic time….

As usual IMCO JD*



http://www.agoracom.com/ir/Spider/messages/747787#message

[Fantomas96]

FANTOMAS

[mike32]

Ring of Fire Corporate Luncheon
Posted by: AGORACOM on March 07, 2008 10:08PM


Dear NOT Investors,

The video from the Ring of Fire Corporate Luncheon is now available for your viewing pleasure. In addition to the luncheon presentation, you will also find two exclusive interviews which we conducted with Mr. Novak and Mr. Nemis.


Click here
http://www.agoracom.com/executive/ring-of-fire-luncheon/ring… to view videos from the Ring of Fire Corporate Luncheon.

Regards,
AGORACOM

http://agoracom.com/ir/Noront/messages/755251#message

[mike32]

johndefur's telephone conversation with spq
Posted by: headingnorth on March 09, 2008 06:42PM

In response to: Re: johndefur's telephone c... by Aussie1


FWR has 4 100% owned mineral claims not JVed

FWR has 5 mineral claims JVed with SPQ/KWG who have to spend 3 million to earn 50% SPQ -25%/KWG-25%. To earn more they have to do a feasibility study and even more by arranging financing.

At the moment let us look at it being 50% FWR 25%SPQ/25%KWG; in order for that to change further I would suggest we would all be very happy campers.


http://www.agoracom.com/ir/Spider/messages/756177#message

[mike32]

Spider Resources Inc.

TSX VENTURE: SPQ




Mar 11, 2008 10:45 ET


Spider, KWG and Freewest Commence Drilling on Freewest Option Property McFauld's Lake Area, Northern Ontario


TORONTO, ONTARIO--(Marketwire - March 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the startup of a diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometers southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences of Spider and KWG and approximately 3.6 kilometers northeast of Noront Resources Ltd.'s Eagle One Magmatic Massive Sulphide ("MMS") discovery in the James Bay Lowlands region of Northern Ontario.

This diamond drilling program will initially be focussed near and around a previously discovered chrome-nickel-platinum group element occurrence in peridotite that has many similarities to the new discovery (Eagle Two) of Noronto Resources.

Billiken Management Services Inc. has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, Billiken also advises that a diamond drill contract with Cabo Drilling Corp., has recently been awarded the diamond drill contract. The approved budget for the program is $2.4 million, to cost of which will be shared 50:50 between Spider and KWG.

Nine separate SW-NE trending magnetically and electromagnetically rendered anomalies have been identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warrant additional follow-up. Of the nine conductors identified, six have been interpreted as having a NW dip, one has a near vertical dip and the other two are broader in nature. The latter two may be attributable to surface conductivity although there is some coincidence with magnetic patterns reflective of the underlying bedrock geology, so bedrock source for the conductance cannot be ruled out. Line-cutting has been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics is underway and completed on the western portion of the property in the vicinity of the initial drill sites, results of which will be used to plan additional drilling.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both the dimensions, and the peridoitite setting similarity to Noront Resources Ltd's Eagle One MMS discovery located 3.6 km to the SE, as well as the newly discovered Eagle Two MMS occurrence, (located 2 km to the SE of Eagle One that also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. The initial focus of the drilling program will be to further investigate this Cr-PGE-Ni occurrence.

The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008). As stated earlier the initial field crew arrived on site in late January and commenced re-identification of the claim boundaries prior to starting a detail line-cutting program. A property wide grid with 200 meter line spacing is currently being established, initially focussing on the western portion of the property covering the peridotite in the vicinity of 2006 drill hole FW-06-03, where the grid will be detailed at 100 meter spaced lines. Line-cutting has progressed over this area and the geophysical operators will soon be starting the ground surveys that will include horizontal loop electromagnetic (HLEM), along with Magnetic and VLF electromagnetic ground surveying. Drilling is still scheduled to start during February, assuming all goes well with the geophysical surveying. The initial holes will test the layered peridotite and explore this exciting occurrence for its MMS potential. Interim maps produced from the recent Aerotem2 airborne survey have been reviewed and are currently being used to continue the planning of exploration for the remainder of the property. At present, eight other anomalies are apparent. The field operations and eventual drilling are currently under the auspices of Billiken Management Services Inc, of Toronto, Ontario.

This press release has been prepared by management of Spider Resources Inc. and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 301,184,917 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

Click here to see all recent news from this company
http://www.marketwirecanada.com/mw/search.do?params=&grpSear…

Spider Resources Inc. - Toronto Head Office
Neil Novak
President and CEO
[phone]
Website: www.spiderresources.com Click here to see all recent news from this company

http://www.marketwirecanada.com/mw/rel_ca.jsp?id=831040

[egerke]

spider steigt nur kwg nicht? verstehe ich nicht!?
ich dachte die beiden arbeiten zusammen...

[mike32]

[mike32]

Antwort auf Beitrag Nr.: 33.611.078 von egerke am 11.03.08 17:29:14

@egerke ,


guck mal hier :

http://www.canadianinsider.com/coReport/allTransactions.php?…


Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price
Mar 10/08 Mar 06/08 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -500,000 $0.105
Mar 10/08 Mar 05/08 Diagem Inc. Direct Ownership Common Shares 11 - Disposition carried out privately -200,000 $0.110
Mar 10/08 Mar 05/08 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -300,000 $0.105
Mar 10/08 Mar 04/08 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -500,000 $0.100
Mar 10/08 Mar 03/08 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -1,000,000 $0.105
Mar 10/08 Oct 23/07 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -1,000,000 $0.180
Mar 10/08 Oct 18/07 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -500,000 $0.180
Mar 10/08 Oct 17/07 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -2,000,000 $0.147
Mar 10/08 Oct 17/07 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -413,827 $0.155
Mar 10/08 Oct 16/07 Diagem Inc. Direct Ownership Common Shares 10 - Disposition in the public market -1,000,000 $0.136

gruss mike

[egerke]

Antwort auf Beitrag Nr.: 33.631.290 von mike32 am 13.03.08 15:21:45

hi du, lieb von dir aber ich kenne mich da nicht so gut aus...sind das verkäufe?

[Fantomas96]

Seit Vorgestern wird auf dem SPQ/KWG/FRW-Joint Venture (unterer linker Claim auf der EM Conductor Map) gedrillt !!!





Wenn Neil nächste Woche aus dem Urlaub zurückkommt, könnte es vielleicht ein paar "visual news" geben.

Einen guten Start in die neue Woche!

FANTOMAS

[Panem]

Der Kurs hält sich nun seit Monaten stabil über den 0,11 $.
Ich bin auf die Results dann doch gespannt.

[mike32]

Fundamentals - SPQ, gold, and other stuff
Posted by: SnugTheJoiner on March 20, 2008 09:19AM


Everyone is probably a little concerned about where SPQ commodities, gold, nickel, and the Ring of Fire will go in these turbulent times. Here are some of my thoughts, which might be helpful for us all, and especially anyone new to trading and SPQ.

Traders talk about "fundamentals" all the time. Here's a quote from Investopedia:

Some of the indicators commonly used to assess company fundamentals include: cash flow; return on assets; conservative gearing; history of profit retention for funding future growth; and soundness of capital management for the maximizing of shareholder earnings and returns.

http://www.investopedia.com/articles/fundamental/03/022603.a…

Do any of the above indicators apply to SPQ? Clearly cash flow and return on assets (ROA) do not, at this time. These are very important fundamentals. But SPQ is an EXPLORCO (exploration company). As such, it has no cash flow (except inward). It spends money - your money since you're an investor). SPQ is therefore a speculative play and there is greater risk when you invest in this type of company.

Other indicators do apply more directly to SPQ at this time.

"Conservative gearing". SPQ is no Bear Sterns. In fact, out of all of the McFaulds' juniors, SPQ may be the most conservative of them all. Neil Novak is the reason. My reading of Neil is that he is an old time prospector type of CEO. He does not make rash decisions, and guards company information.

"Soundness of capital management" SPQ has $6 million from private placements (PP). $1 million is targeted for the present drilling on the Freewest Option. Neil is a firm believer in joint ventures (JV). The drilling on the Freewest Option is a JV between Freewest (run by his good friend Mac Watson) and SPQ-KWG. JVs spread risk while getting the job done - that of drilling into a MMS anomaly with a strong potential of PGMs (platinum group of metals). If Neil strikes here, we should have a good return on investment (ROI).

What about the direction of gold? Although it's is in a bit of a free fall at the moment, human beings covet the shiny metal, and there is actually a short supply at the moment. Moreover, the big gold corporations of the world e.g., Barrick, Goldcorp are having problems maintaining production. Most "knowledgeable" people are predicting gold to hit $1500 or possibly $2500. The strong fundamentals for gold are still in place.

And what about base metals? Clearly the US is in recession, and the use of base metals will be curtailed somewhat in the area of housing. But with the cheaper US greenback, manufacturing in the US will gradually ramp up and become very strong once again (2009-2010). And the economies of China and India aren't going to go away any time soon. So the fundamentals for base metals are still strong.

I like the future for SPQ and the other juniors at McFaulds. The geology is just starting to be understood and tapped. Drilling by SPQ-FWR and Noront continues. Upcoming visuals, assay results, news releases (NR), and 43-101s are fundamental to this business, and I think they all will potentially bring strong investment gains to the investor willing to take some risks.

Continue to do your own due diligence, and best of luck.

Snug
http://www.agoracom.com/ir/Spider/messages/768294#message

[mike32]

2008 Stock Market Holidays - Stock Markets Closed

New Year's Day - January 1, 2008

Family Day - February 18, 2008

Good Friday - March 21, 2008

Victoria Day - May 19, 2008

Canada Day - July 1, 2008

Civic Day - August 4, 2008

Labour Day - September 1, 2008

Thanksgiving Day - October 13, 2008

Christmas Day - December 25, 2008

Boxing Day - December 26, 2008


gruss mike

[mike32]

SPQ & NOT - First Mover Advantage
Posted by: SnugTheJoiner on March 22, 2008 06:37PM


From Wikipedia:

First-mover advantage is the advantage gained by the initial occupant of a market segment. This advantage may stem from the fact that the first entrant can gain control of resources that followers may not be able to match.

The term "first-mover advantage" is a stock market term I'm using in a different way to describe an advantage which I think both SPQ and NOT have in the area play Ring of Fire.

I am conjecturing that SPQ and NOT will grab the headlines when the next set of strikes occur. (FWR will win here too.) The Ring of Fire will be associated more closely with Noront and Spider Resources than any of the other good juniors in the area. SPQ was the first in the James Bay Lowlands (JBL); NOT was the first with a strike - Eagle 1.

It is unlikely they want to gain control of resources; in fact, Richard Nemis and Neil Novak have made it clear that they want joint ventures to share the risk, and I assume the wealth, in exploration activities.

I expect that all McFaulds' juniors will see upside share price pressure when SPQ and NOT strike. However, logic dictates that the SPQ and NOT share prices (and FWR) will have the strongest upward movement. First Mover Advantage applied to share price.

This is one reason why I have focused my investing in SPQ, NOT, and FWR and not BMK, TME, and other juniors. My investing philosophy only, and I'm not suggesting others take this approach.

Snug


http://www.agoracom.com/ir/Spider/messages/770419#message

[mike32]

Old report for new people
Posted by: miskealp1 on March 23, 2008 11:57AM

http://www.kaiserbottomfish.com/s/Expresses.asp?ReportID=268…" target="_blank" rel="nofollow ugc noopener">http://www.kaiserbottomfish.com/s/Expresses.asp?ReportID=268…


http://www.agoracom.com/ir/Noront/messages/770594#message

[Fantomas96]

Antwort auf Beitrag Nr.: 33.654.066 von Fantomas96 am 16.03.08 17:19:09

Ich schrieb letzte Woche:

Wenn Neil nächste Woche aus dem Urlaub zurückkommt, könnte es vielleicht ein paar "visual news" geben.


Aus der Gerüchteküche:

Neil ist zwar aus dem Urlaub zurück, war aber gestern nicht im Büro zu erreichen ("out of town until friday").
Nun gibt es Gerüchte, daß er mit Prof. Jim Mungall (geologischer Berater Noronts von der Universität Toronto, Spezialist für MMS-Vorkommen) "up north" ist.

Prof. Mungall´s letzte Reise nach James Bay bescherte uns die visuelle Beschreibung der Bohrkerne für Eagle 2 (http://www.norontresources.com/investor/double-eagle/2008-Fe…).

Sollte dieses Gerücht stimmen und Neil ist mit Prof. Mungall unterwegs, sollten wir uns auf (hoffentlich sehr positive) News für Spider und Freewest vorbereiten.
Vielleicht gibt es ja wieder ein paar sehr interessante Bohrkerne zu begutachten und zu beschreiben.

Gruß,

FANTOMAS

[mike32]

Ring of Fire" Claim Map - as of Mar. 20, 2008





Ring of Fire" Magnetic Contour Map








http://www.norontresources.com/projects/double-eagle/index.h…

[egerke]

Antwort auf Beitrag Nr.: 33.715.795 von Fantomas96 am 25.03.08 07:00:04

hallo,

du scheinst dich mit freewest & co gut auszukennen.
warst bzw. bist du auch bei noront dabei?
wann bist du eingestiegen?

kannst du mir viell. sagen, falls gute bohrergebnisse kommen, wie lange es in etwa dauern kann bis der kurs ansteigt? ich möchte in freewest und spider investieren nur bin mir unsicher ob ich jetzt schon kaufen soll!?

danke, gruss

[Fantomas96]

Antwort auf Beitrag Nr.: 33.717.245 von egerke am 25.03.08 10:43:36

Hallo egerke,

ob ich in Noront investiert bin ?


Lese mal meinen Thread Thread: NORONT RES. (NOT.V): Spektakuläre Funde (Gold,Kupfer,Uran,Metalle) von Anfang an (auf Datum achten) oder schau in den NOT Thread von BWK.
Da wirst Du bestimmt ein paar Antworten finden.

Gruß,

FANTOMAS

[egerke]

Antwort auf Beitrag Nr.: 33.724.802 von Fantomas96 am 25.03.08 22:43:17

hallo,

ops, ja stimmt...habe deine beiträge eh schon gelesen

na dann auf gute bohrergebnisse...

[mike32]

Renforth Files with Sedar to raise $6,000,000.00$ for drilling in 2008

Posted by: johndefur on March 26, 2008 11:18AM


Renforth has filed formal documents with Sedar to raise $6,000,000.00 in order to drill SPQ jv 5 known Kinberlites for diamonds, 2 of which are already at the Bulk Sampling stage..

This is Great News for SPQ...Renforth is finally going to be drilling in the next 4 months on the 5 Kimberlite properties optioned from SPQ...So we have SPQjv drilling now in the FWR properties, Renforth will be drilling soon at 5 SPQjv optioned Kimberlite properties, later in the year, SPQ is cheduled to drill on their NEW property in JV with KWG, Gold?, and IF UC/KWG ever get their act together and sign the Legal Options Agreement, then UC would be drilling on SPQjv's McFaulds east and or West...WOW...that is a lot of drilling in 2008 4 seperate properties that will certainly make news for SPQ and certainly/hopefully drive the SPQ to much higher levels....If we get some "hits"...to the moon!!...
IMCO

[mike32]

Kelsee .... job opportunity!!!
Posted by: SnugTheJoiner on March 28, 2008 03:14PM


Kelsee ...

Here's a job opportunity in which you could scoop some news on SPQ!

http://www.agoracom.com/ir/Noront/messages/777644#message
The labs in Thunder Bay are working 2 shifts. They are looking for more help. Short staffed..Don

---------------

gruss mike

[egerke]

interessant...guter umsatz und dann dieser kurssturz?
na egal, habe mir jetzt endlich ein paar teile ins depot gelegt.

[mike32]

Calgary Resource Investment Conference
Posted by: kelsee on April 01, 2008 12:27PM


…Calgary Resource Investment Conference, so far I see that FWR will be attending and I’m sure will do a great job of representing their jv interests with Spider…

http://www.cambridgehouse.ca/ch_calgary2008.html#exhibitors


….best, kelsee


http://www.agoracom.com/ir/Spider/messages/781036#message

[mike32]

repost my prediction to JohnD Mar 6th 3:56pm, still holds with me

Posted by: Latenite on April 04, 2008 03:30PM


"Couldn't agree more Johndefur. If you are playing anomolies, you either buy FWR or SPQ or KWG depending on your preferences. KWG gets you the diamond subsidiary spinoff tax free shares soon, SPQ gets you a bigger piece of the UC JV pie with UC-KWG-SPQ and FWR gets you in Windfall and the 100% owned claims adjacent to the JV FWR-SPQ-KWG claims (with the spectacular anomolies mentioned by John).

The drills start TOMORROW 7th of March, on that FWR-KWG-SPQ JV with those anomolies and previously discovered high Chromium hit on only hole drilled. I think if you buy any of the 3, you will see substantial gains in the next 4-5 weeks. They drill for all of next week and week after, the labs turn them around in 2-3 weeks with new info from Kelsee about Thunder Bay lab running 24/7 and by first or second week of April, could have doubles on all three of these, just as you all saw on PRB, FNC, NOT the past month. I will never talk bad about any of these stocks mentioned, I have owned them all and some I still do, some I don't. BMK is one I don't own anymore, but it has beautiful memories forever with me, among others."


http://www.agoracom.com/ir/Spider/messages/785862#message

[egerke]

"...you will see substantial gains in the next 4-5 weeks"
bin schon gespannt wie viel das sein wird...

was ist eure einschätzung dazu?

[Fantomas96]

Antwort auf Beitrag Nr.: 33.816.093 von egerke am 05.04.08 10:43:40

Alles ist möglich (s. Noront), egerke, die Ergebnisse werden es zeigen.
Wird nichts ökonomisch Verwertbares (s. BMK) gefunden, befinden wir uns schnell wieder bei CAD 0,05.

Mit Funden mit hohen Nickelgehalten (> 2%) und Platingruppen-Elementen über vernünftige Längen sollte die Marktkapitalisierung zügig in den Bereich von größer CAD 150 Mio. wandern.

Ein positiver Fund hätte wahrscheinlich auch massive Auswirkungen auf alle anderen ROF-Player.


Gruß,

FANTOMAS

[egerke]

Antwort auf Beitrag Nr.: 33.817.864 von Fantomas96 am 05.04.08 18:44:05

danke für deine einschätzung...
hoffen wir, dass sie ökon. verwertbares finden werden...

[mike32]

Interview with Neil Novak http://www.youtube.com/watch?v=OJmiLDfGVpE&e

[egerke]

Antwort auf Beitrag Nr.: 33.822.748 von mike32 am 07.04.08 08:34:37

betrifft das noront oder spider? habe nämlich nur den namen noront gehört...

[mike32]

[mantleandy]

NEWS!!!

TORONTO, ONTARIO--(Marketwire - April 8, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the progress of the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences discovered by Spider and KWG and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the James Bay Lowlands region of Northern Ontario.

This diamond drilling program has started the drill test work around the chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which has many similarities to the new discovery (Eagle Two) of Noront. Billiken Management Services Inc. ("Billiken") has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, P.Geo., of Fredricton New Brunswick. The approved budget for the program is $2.4 million, the cost of which will be shared 50:50 between Spider and KWG, after which an additional exploration program with related costs may be recommended as a result of the first phase of the program.

Three holes, numbered FW-08-05, FW-08-06 and FW-08-07 have been completed totalling 1,117 meters and hole FW08-08 is underway to test a new anomaly located approximately 1 kilometre to the northeast of the chromitite layered peridotite, along the magnetically inferred "Ring of Fire".

Hole FW-08-05 was designed to undercut hole FW-06-03, drilled at an inclination of -50, with an azimuth of 150 degrees, total depth of 327 meters. This hole was collared in overburden and entered granodiorite at 17.5 meters, then intersected peridotite at 46.5 meters. The hole remained in peridotite until it intersected three massive chromitite layers between 252.2 and 273.1, each being around 1 meter wide, within the peridotite. This intersection was followed by a very thick massive chromitite layer between 291.4 and 298.8 in fault (gouge) contact with underlying intermediate tuff (volcanic rocks). Pyrrhotite and chalcopyrite mineralization was observed in a short shear zone in peridotite between 69.1 and 69.3 meters. Hole FW-08-06, located 100 meters grid west of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters, being the maximum length for the drill being utilized when drilling NQ core. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering starts, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout.

Hole FW-08-07, located 100 meters grid east of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite right away at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters.

As stated in earlier press releases, nine separate SW-NE trending magnetically and electromagnetically rendered anomalies were identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warranted additional follow-up. Line-cutting has recently been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics continues and has been completed on the western portion of the property in the vicinity of the initial three drill sites, as well as the fourth site, results of which are being used to plan additional drilling in this area as well as other areas nearby.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the newly discovered Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG. The focus of the current drilling program will be to further investigate this Cr-PGE-Ni occurrence and to test several of the other anomalies on the property.

Neil Novak, P.Geo., President of Spider, accompanied by Donald Hoy, P.Geo., Vice-President of Exploration for Freewest, visited the project from March 25 to March 27 to get updated and continue planning the exploration program for the project.

The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008).

This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 303,216,017 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

[mike32]

Antwort auf Beitrag Nr.: 33.837.306 von mantleandy am 08.04.08 16:17:14

NEWS - Spider, KWG and Freewest Provide Drill Update on Freewest Option Property McFauld's Lake Area, Northern Ontario
Posted by: AGORACOM on April 08, 2008 10:00AM


TORONTO, ONTARIO--(Marketwire - April 8, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG"

and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce the progress of the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences discovered by Spider and KWG and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the James Bay Lowlands region of Northern Ontario.



This diamond drilling program has started the drill test work around the chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which has many similarities to the new discovery (Eagle Two) of Noront. Billiken Management Services Inc. ("Billiken") has been retained to complete the field program under the onsite supervision of Dr. Howard Lahti, P.Geo., of Fredricton New Brunswick. The approved budget for the program is $2.4 million, the cost of which will be shared 50:50 between Spider and KWG, after which an additional exploration program with related costs may be recommended as a result of the first phase of the program.



Three holes, numbered FW-08-05, FW-08-06 and FW-08-07 have been completed totalling 1,117 meters and hole FW08-08 is underway to test a new anomaly located approximately 1 kilometre to the northeast of the chromitite layered peridotite, along the magnetically inferred "Ring of Fire".



Hole FW-08-05 was designed to undercut hole FW-06-03, drilled at an inclination of -50, with an azimuth of 150 degrees, total depth of 327 meters. This hole was collared in overburden and entered granodiorite at 17.5 meters, then intersected peridotite at 46.5 meters. The hole remained in peridotite until it intersected three massive chromitite layers between 252.2 and 273.1, each being around 1 meter wide, within the peridotite. This intersection was followed by a very thick massive chromitite layer between 291.4 and 298.8 in fault (gouge) contact with underlying intermediate tuff (volcanic rocks). Pyrrhotite and chalcopyrite mineralization was observed in a short shear zone in peridotite between 69.1 and 69.3 meters. Hole FW-08-06, located 100 meters grid west of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters, being the maximum length for the drill being utilized when drilling NQ core. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering starts, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout.



Hole FW-08-07, located 100 meters grid east of FW-08-05, was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite right away at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters.



As stated in earlier press releases, nine separate SW-NE trending magnetically and electromagnetically rendered anomalies were identified within the limits of the property, as described within an Interim report prepared by Scott Hogg and Associates of Toronto Ontario previously announced on February 22, 2008, most of which warranted additional follow-up. Line-cutting has recently been completed over the entire property, ground geophysical surveying including magnetic, electromagnetic (VLF) and MaxMin electromagnetics continues and has been completed on the western portion of the property in the vicinity of the initial three drill sites, as well as the fourth site, results of which are being used to plan additional drilling in this area as well as other areas nearby.



Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the newly discovered Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG. The focus of the current drilling program will be to further investigate this Cr-PGE-Ni occurrence and to test several of the other anomalies on the property.



Neil Novak, P.Geo., President of Spider, accompanied by Donald Hoy, P.Geo., Vice-President of Exploration for Freewest, visited the project from March 25 to March 27 to get updated and continue planning the exploration program for the project.



The terms of the agreement with Freewest are disclosed in earlier press releases (see press release December 19, 2005, as well press release dated February 4, 2008).



This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 303,216,017 shares issued in Spider.



On behalf of the board of directors,



Neil Novak, President and CEO



This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.



This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.



FOR FURTHER INFORMATION PLEASE CONTACT:



Spider Resources Inc.

Neil Novak

President and CEO

[phone]

http://www.agoracom.com/ir/freewest/messages/788845#message

[mike32]

SPQ jvs Spectacular News today...
Posted by: johndefur on April 08, 2008 11:26AM

I am very happy this morning to outline the highlights of SPQ jvs News release…In my view it is nothing short of Spectacular, and a Great boost for the SPQ jvs, NOT, and McFaulds….3 Holes were drilled, and ALL 3 HOLES “HIT”…This is compelling evidence of a Chromite deposit, with probable PGEs as exists in Major PGEs Deposits Worldwide, in layered intrusions Peridotites/Pyroxenites…..


Hole # 1 -0805 …From 252 to 273 M …70 Ft of mineralization in which 3 Massive Chromite Layers 3Ft thick each were encountered, in addition a very thick 8Ft Massive Chromite layer was found between 291 to 299 M that contained Chalcopyrite and Phyrrotite in a Shear Zone very similar to NOT’s DE2 discovery…..


Hole # 2…0806…Drilled 100M step out to the west…The Peridotite/Pyroxenite mineralization continues from 330 to 384 M …about 170 FT Massive Chromite mineralization and Magnetite, with a major portion from 346M to 384 M in Pyroxenite 120Ft numerous massive Chromite layers about 3 Ft wide PLUS Phyrrotite and Pyrite fined grained scattered throughout…


Hole # 3 …0807….drilled 100 M to the east…Again encountered the Massive Chromites @ 194-5 m, 3 Ft, ..197 m to 205 M, 26Ft Massive Chromite mineralization, and 209 to 223 M, 45 Ft of Massive Chromite mineralization….


A quick reminder again that the majority of World class layered PGEs deposits contain these layers of Chromite, which acts as a sponge to trap the PGEs…we know that these layers at SPQjvs of Chromite, do in “FACT” contain PGEs including Rhodium, Platimum, Palladium as well as small amounts of Ni Cu which are mixed in with the Chromite itself , from their assays in 2006…In addition The news that some of tese Chromite beds are accompanied by fine grained Phyrrotite, Chalchopyrite, Pyrite, and Magnetite, is some complelling evidence that it carries PGEs, and small amounts of Ni Cu…In most World class PGEs deposits, Ni Cu is always a small component, and the majority of these deposits only carry faint amounts of sulfides, or in some cases no sulfides at all…


As mentioned this further discovery by SPQ jvs is Spectacular news, and should give a HUGE boost to McFaulds, SPQjv and NOT…Remember that Rhodium is $9,000.00 and ounce, Platinum is $2,000.00 and oounce, not to mention the value of the Chromite…I say this is a Spectacular “HIT” because not many know just how “RARE” PGEs deposits are…and with the problems in South Africa world’s LARGEST producer of PGEs, of Depth/Difficulty of deposits, and the lack of Electric Power to mine these expensive ores there for most of the foreseeable future, These PGEs “HITS” at McFaulds become even more important for the Worlds Economies….Good luck to all McFaulds Players…


IMCO


JD*


http://www.agoracom.com/ir/Spider/messages/789045#message

[mike32]

SPQ/KWG/FWR Drill results vs. NOT DE2 Visual Description
Posted by: chrism on April 08, 2008 01:04PM

http://www.agoracom.com/ir/Spider/messages/789242#message

[mike32]

interesting for SPQ
Posted by: QQ_Girl on April 08, 2008 02:44PM


I had a conversation with someone a short time ago and they were pointing out the the Hawk news out today is actually very interesting for SPQ and their JV partners because of the location of the Hawk JV, there is obviously something of interest in that location the the claims are sandwiched (on the east end) between SPQ & partners claims - so more good news today for Spider shareholders... no?

here is a post of mine from earlier showing where these claims are, the blue is SPQ


NOT/Hawk JV maps
Posted by: QQ_Girl on April 08, 2008 09:59AM

just for everyone's info... here are the maps showing the Noront/Hawk JV and some of the possible geology QQ





http://www.agoracom.com/ir/Noront/messages/788835

http://www.agoracom.com/ir/Spider/messages/789422#message

[mike32]

SPQ's PGEs, Chromite Deposit...Pentlendite..you're right Snug...
Posted by: johndefur on April 08, 2008 11:06PM


SPQ's deposit will be PGEs +Chromite...this combination of valuable metals will likely equal or surpass the value of NiCU...The principal PGES elements PT is worth $2, 000.00 an ounce and PD is worth $500.00 an ounce for a combined of these 2 of $2500.00 an ounce, and of course this is NOT counting Rhodium $ 9,000.00 an ounce and other PGEs we might find as well...

Chromium is worth about $ 5.00 a pound....we found 23% Chromium layers in the previous drilling by SPQjv..that's well over $1000.00 per ton...

Pentlendite is the principal sulfide ore of Nickel...NO this will not be a Nickel or Copper mine, it will be a very rare PGEs Chromite deposit, as noted above equal to or richer than NiCu mines, depending on the contents and grades of PGEs and Chromite...

hope this helps a bit...

JD*

http://www.agoracom.com/ir/Spider/messages/789958#message

[mike32]

Potential PGE Mine
Posted by: FANTOMAS on April 09, 2008 01:48AM

In response to: So wait snug... we could be... by Romeo


What are you saying about banking on a PGE mine and excluding low concentration nickel. What levels will determine a PGE mine?

Hi Romeo,

the first time I mentioned the potential of a high grade PGE mine was back in November on the Noront forum:

http://www.agoracom.com/ir/Noront/messages/627953

" I think it has been realized only to a small extent that we have a high-grade PGM mine with DE if the grades keep comming in like this."



After that I did a lot of DD on PGE mines and posted my findings.

Please find the copy below:

http://www.agoracom.com/ir/Noront/messages/736391


Re: Just spoke to Richard : potential PGE mine / FANTOMAS
Posted by: FANTOMAS on February 21, 2008 06:17PM

In response to: Just spoke to Richard by glorieux

Glorieux:

RN: " He stated that we had enough PGE's to generate a mine just for this. "



I mentioned this back in November last year and will do it again:

in my opinion we have a VERY, VERY high potential for a PGE mine at Double Eagle !

And a nickle mine !

And a copper mine !

After the latest news we now have confirmation that DE is carrying the WHOLE GROUP of ALL 8 precious metals with gold, silver, platinum, palladium, rhodium, ruthenium, osmium and iridium !

Keep in mind that the following results of my DD are just accounting for the normally quoted 3PGE content (meaning platinum, palladium and gold). We now have economic grades of the other precious metals as well which makes it even more interesting !

After a lot of DD I come to the following conclusion:

PGE-analysis for Noront´s Double Eagle find:


The "Big Players" in the PGE business are Anglo American Platinum, Impala Platinum (Implats), Lonmin PLC (Lonplats), Norilsk Nickel and Stillwater Mining Company (just to name the most important ones).

The Bushveld Igneous Complex (BIC) in SA is the area with the most PGE production worldwide followed by Norilsk Nickel´s Polar Division top mines (Oktyabrsky und Talnakh).
In North America it is Stillwater (Stillwater Mining), in Canada Lac des Iles (North American Palladium), Raglan (Falconbridge) and several mines in Sudbury Basin (Inco, Falconbridge).

Worldwide ranking of production of PGE is as follows:

South Africa (59%), Russia (28%), Canada (5%) and USA (4%).

For comparison I mention the metal (head) grades of the top mines / areas in the PGE business (in g/t for 3E-PGE, meaning combination of platinum, palladium and gold):


1. Bushveld (BIC)

The top mines extract 3-6 g/t PGE


2. Norilsk

Talnakh : around 10-11 g/t PGE
Oktyabrsky: around 13-14 g/t PGE


3. Canada

Sudbury:

Copper Cliff North: around 16 g/t PGE (but 300.000 tonnes only)
Totten: 4,8 g/t PGE
Kelly Lake: 3,6 g/t PGE


Lac des Iles: 2 g/t PGE (but huge tonnage and open-pit)


4. USA

Stillwater:

the Johns-Manville Reef is probably the highest grade PGE mine in the world: 22-24 g/t PGE

but: it is in great depth and no continuous mineralization (meaning high costs)



And now compare this to the Double Eagle figures (again in g/t for 3E-PGE):

#01: 2,9 g/t

#02: 4,3 g/t

#05: 9,6 g/t

#07: 10,6 g/t (!!!!!)

#09: 8,0 g/t

#11: 4,5 g/t

#12: 3,4 g/t

#14: 3,9 g/t

#16: 3,7 g/t

#17: 4,0 g/t

#18: 5,3 g/t

#19: 2,6 g/t

#20: 2,2 g/t

#21: 2,7 g/t

#22: 1,6 g/t

#23: 6,9 g/t

#24: 4,5 g/t

#25: 1,9 g/t

#27: 15,1 g/t (!!!!!)

#29: 4,2 g/t

(These are the average grades per hole, some of them with very good lenghts).

If we look at the most prominent intervalls, you have to come to the conclusion that if we get the tonnage and similar grades, DE ranks very highly in the PGE list of worldclass deposits and therefore will be interesting for the "Big Players" in this business:

NOT-07-05:

6 4 , 7 5 g/t over 3,00 m

and

1 3 , 2 6 g/t over 6 8 , 2 0 m (!)


NOT 07-07:
4 4 , 7 4 g/t over 2,80 m

and

2 2 , 3 7 g/t over 14,30 m

and

1 1 , 7 4 g/t over 14,30 m


Just do the comparison and some futher DD:

http://www.infomine.com/commodities/palladium.asp

http://www.infomine.com/commodities/platinum.asp

http://www.mbendi.co.za/indy/ming/plat/af/sa/p0005.htm

http://www.platinum.matthey.com/uploaded_files/Pt2004/PGM%20…

http://www.platinum.matthey.com/production/production.html

http://minerals.usgs.gov/minerals/pubs/commodity/platinum/55…

http://www.platinum.matthey.com/production/1048863442.html

http://www.mininglife.com/commodities/Palladium.asp

http://www.mininglife.com/commodities/Platinum.asp

http://www.kitco.com/charts/livepalladium.html

http://www.kitco.com/charts/liveplatinum.html



Best Regards,

FANTOMAS


http://www.agoracom.com/ir/Spider/messages/790013#message

[mike32]

Spider Resources, share price, & the ROF area play

Posted by: SnugTheJoiner on April 10, 2008 09:33AM


I've made the comment a number of times that Spider Resources (SPQ) is part of a large Canadian Area Play - the Ring of Fire (ROF). And that this area play is presently a PGE (platinum group of elements) area play. (Nickel & copper and the other base metals are also very important but will have their focus latter on.)

Someone on the NOT board commented on the rather pathetic share price increase of 1 cent after the latest SPQ-FWR-KWG news release of great drill results.

Why? This is a big question.

One possible reason is that SPQ is tightly tied to the larger and more complex question of the slowly evolving scene of the Great Canadian Area Play. There are over 20 junior miners, numerous joint ventures, and a bunch of "majors" skulking around trying to do their due diligence. On top of all of this are a bunch of assay labs trying to get assays completed for numerous miners. And, on top of all that, are the challenges of logistics of getting into a relatively remote part of Ontario, Canada.

At Voisey's Bay in the early days, there was just Diamond Fields. Eventually, Inco and Falconbridge became interested. And although remote, Voisey's Bay in Labrador was relatively easy to access. Voisey's Bay, by comparison to the Ring of Fire, was a relatively simple exploration play to consider and evaluate. Moreover, Voisey's Bay was about nickel. The ROF is about PGEs and nickel.

Since Noront Resources is the flagship of the ROF area play, Spider Resources share price is in part dependent on how Noront moves forward. It seems very clear that Noront has an excellent play in its Double Eagle project. But it is captive to the assay labs and is waiting for assay results from both Eagle 1 and Eagle 2.

Finally, it is my opinion that SPQ's share price will complement NOT's share price in a strong move upward when both companies get their assays. They don't necessarily need to get their assays at the same time, but if Noront gets its assays followed by Spider's, this would be the ideal scenario. And this scenario would underline the area play nature of the Ring of Fire. Hopefully this will happen in the next month.

Simply my opinions and not investment advice.

Snug

http://www.agoracom.com/ir/Spider/messages/792156#message

[mike32]

Re: NOT- E2,- E3 ,- Ni Cu,- PGEs + Cu,- Chromite…Gold
Posted by: johndefur on April 11, 2008 01:27PM

In response to: Re: NOT- E2,- E3 ,- Ni Cu,-... by LabRat


well...NO...Im afraid you missed my point...I am speaking about the "chalcophile" element...not sure if you know what that means...if you don't look it up...There are numerous examples of PGEs in association with copper only...Sudburry being one of them, Copper Cliff mine, and Norilsk, and many other new findings...ther are 7 holes of NOT I pointed to wherein the high CU content corresponds directly with Higher PGEs...In addition many authorities such as Prof. Naldrett World expert on MMS and PGEs, as well as Prof Mundal and many more who have written about the association of Copper and PGEs...your examples are also well known, but the examples I'm speaking of are regional wide, and different and not necessarily associated with them... I the assays released by SPQjv very little or no Nickel sulfides were announced, Chromite and other sulfides were announced, which are indicators for PGEs...In the NOT releases actually Copper sulfides were announced on their own without Nickel sulfides..as well as Ni and CU sulfides in other areas of the deposit...

we'll see who's right when assays are released...

IMCO

JD*

http://www.agoracom.com/ir/Spider/messages/794619#message

[mike32]

http://www.agoracom.com/ir/Spider/messages/795621#message

Assay Results Next Week? From FWR Board.
Posted by: Romeo on April 12, 2008 12:32PM


Talked to Mac
Posted by: GKINPA on April 12, 2008 03:22AM

I had a chat with Mac earlier Friday as he was gracious to return an earlier call. I only call every couple months because I know that he is very busy. 1st let me say that I have more Freewest than all of my othershares combined. I started to follow this company really close after a Lawrence Roulston recommendation and liked what I saw. Simply put at this price, and with so many good prospects, the risk to reward withthis is very very good. Jotted some notes as he was talking, so here is the jest of what the conversation covered, and the best I could do at the time with a shaky cell connection.

1st-Clearance Stream--News next week on assays. I than asked if a new 43-101 would be coming out at the end of the year to which he replied that this is not the way it will work. They will update the current numbers every couple months instead of waiting for all the results.

2nd Windfall- Mac said that he has to check on the progress but they would probably reach the Noront area in June. I asked the obvious question about their own real-estate where they had some good results. He replied that they will be going through two of those zones on the way to the NOT area. On another note, they were drilling holes that had to do with the port or ramp, not looking for Gold when they had that lastshallow hit per the last news release on Windfall. I believe he said that they are now, or are going to, punch some more holes around that last hit to find the extent of it.

3rd-- Optioned McFaulds Property-- Press release next week to update the drilling and of course everyone is waiting on the assays. I asked if the only way to know what is in the cores as far as PGE'S is throughassays(not visuals). He said that is correct and you can not just do a visual and I also asked if I am correct in saying that the GEO was similar to some of the NOT holes that everyone is waiting for assays on.He said yes. (my words) I think that if there are some good numbers in the similar geo from NOT that we will be in good shape.

4th-- 100% owned properties in McFaulds will be drilled in June or July. I asked if this is the same geology that NOT had the big hits on and he answered, yes.

I think that this company has a very bright future with very sound leadership and if you have this stock you will be rewarded for your patience. I am Heading out for the weekend so I will not be able too answer any replies and I hope that this was some help to all of you Freewest folks. Have a great weekend!GK

[mike32]

[mike32]

Article on Ring of Fire in National Post today...
Posted by: kelsee on April 14, 2008 11:03AM


Re: Article on Ring of Fire in National Post today
Posted by: Marathon_Man on April 14, 2008 07:34AM

In response to: Article on Ring of Fire in ... by irish1111



All eyes on the Ring of Fire

Investors await junior miner's report on size of mineral deposits at the site
Peter Koven, Financial Post
Published: Monday, April 14, 2008

Related Topics
Earth Science



Story tools presented by

AT MCFAULD'S LAKE, Ontario -Thousands of investors have their eyes on the Ring of Fire. But on first visit, it is hard to believe.

The Ring of Fire, located in the McFauld's Lake area in the James Bay Lowlands, is as remote as it gets. Flying over in a helicopter reveals nothing but frozen lakes and forest stretching as far as the eye can see. James Bay lies about 150 kilometres to the east, and the closest community is Webequie (population 642), a First Nations village about 100 kms away.

But in a world where quality mineral discoveries are becoming increasingly rare, this place has captured the imagination of investors like no other in recent memory -- even if the idea of building a mine here is unfathomable at this point, and truly big discoveries have not been made.

The interest started last year when junior miner Noront Resources Ltd. made an ultra-high-grade nickel-copper discovery, also turning up significant grades of platinum and palladium.

That triggered a wild staking rush as a battalion of juniors swooped in and claimed almost every inch of prospective land in what became known as the Ring of Fire (after the Johnny Cash song). The staking continues and is thought to total about 4,000 sq. kms.

"I think it's the most exciting discovery of the last 10 years in Canada, no question," says mining veteran Pierre Lassonde. "It's got an enormous amount of potential and you've just got to love the grade."

Noront has become a phenomenon. Online message boards are filled with commentary posted on a minute-by-minute basis as retail investors track virtually every big trade of the stock.

The bigger players believe in it as well; Noront's major shareholders include celebrated names in the mining industry such as Mr. Lassonde, Eric Sprott, Rob McEwen and Sheldon Inwentash, Pinetree Capital founder.

Investors have been enticed by the incredible potential of the discovery: Richard Nemis, Noront's chief executive, compared the geology to the giant Voisey's Bay deposit in Labrador, and suggested it could be even bigger.

But at the Ring of Fire it is clear a lot of work has to happen first. Apart from the staking lines and a few small camps, from the air the ring looks indistinguishable from any other corner of Northern Ontario. While an incredible amount of land has been staked, only a few companies (including Noront) are active with drilling, and it will take a very long time to drill all the targets. While a few of the juniors have reported interesting developments, there has not been anything of the calibre of Noront's flagship "Eagle One" discovery that got the area going. And Eagle One, while high grade, is not enormous.

"Until you have a number of these deposits that can carry the burden of infrastructure, it's way too early to talk about [mining]. This is just a drilling play right now," Mr. Inwentash says.

Finding the resource in the Ring of Fire has been very hard, because there is no "outcropping" of metal on the surface. Many of the world's top geologists have identified the best targets, but they are educated guesses. The land position is so vast and remote that most of the geophysical work must be done with helicopters, which are constantly flying supplies to various camps. Just getting to Noront's camp requires a 10-minute helicopter ride from the main camp.

In the coming weeks, drilling will get even tougher as the lakes melt and the lowlands become a swamp. While the drillers on site have not enjoyed the -40° winter weather, they consider it a welcome respite from the plague of mosquitos and black flies around the corner.

This all means it will take a very long time for the full potential of the Ring of Fire to be realized, and key shareholders say they are committed for the long-haul. But as the news flow slows, trading volumes on Noront shares have eased and the initial excitement has worn off.

Some of that will return when the company completes an initial resource estimate (expected soon), but that is just the start. The question on everyone's mind now is how big this discovery will turn out to be.

Geologists say so-called "volcanogenic massive sulphide" occurrences like the one at Eagle One tend to appear in large and small clusters. Noront hit another one with Eagle Two, about two kilometres from Eagle One. But the really big targets, if they exist, have not been found.

"We still need confirmation this is a world-class district," says John Kaiser, publisher of the Bottom Fishing Online report. "But these things are not big and they can be very hard to find."

The Ring of Fire may turn out to be a collection of small, high-grade deposits that are collectively world-class, rather than anything as huge as Voisey's Bay, he says.

Mr. Lassonde has his own theory. He thinks the geology bears almost no similarity to the Sudbury Basin or Voisey's Bay, but that it looks a lot like old nickel mines discovered by Western Mining Corp. in Australia and Jinchuan Group in Asia. In each case, the largest deposits were found deep below the original discoveries.

"The key will be to first drill on surface and discover the ore bodies closest to surface, because that's where you will get your money back," Mr. Lassonde says.

"It will take two or three years to define that. After that, the key will be to start drilling down deeper."

He said he will be "absolutely the most surprised person in the world" if the discovery does not get bigger in the months and years to come.

In the meantime, everyone is just happy that the Ring of Fire has revived interest in Canadian exploration.

"It's very exciting for the company and Ontario to have these type of results," says John Hughes, an analyst at Desjardins
Securities.

"After several years in Canada of seeing exploration budgets increase on an annual basis, we're finally starting to see some new finds with potential new resources, which is really what we need in this country."

[e-mail]



http://www.agoracom.com/ir/Spider/messages/796998#message

[mike32]

SPQ and the mining chess match
Posted by: SnugTheJoiner on April 14, 2008 01:25PM


So what's going to invigorate SPQ? Given the paltry number of shares traded today, the share price is going nowhere - unfortunately. However, I strongly believe that SPQ is "gold in the bank" - or more appropriately, "gold in the ground".

What we have here is a mining chess game, and SPQ is in the middle of it. If you have ever played chess, you know it's a game of both strategy and tactics. Strategy is about "global view" of the board; tactics, piece vs. piece.

The most important part of the chess board is the middle. The player who gains the middle has the strategic advantage.

The Ring of Fire (ROF) is very large, and probably can be divided into numerous mining chess boards. At this time, however, SPQ is in the middle of a significant (and I mean significant) mining chess board. It, along with its JV partners, have a strategic land position in the southern part of the ROF (closer to civilization and roads).

Tactic wise, Neil Novak decided to work with his good friend Mac Watson to drill a known entity, an anomaly which already had good drill results. He's exploiting his position on the mining chess board. A very smart move.

So the chess game has just got started, and the smart players, Novak, Nemis, and Watson have seized a central position. And they've done it quickly. But chess is a long game. We've yet to get to the middle part of the game, which is tactically very long. And the "end game" - an actual mine - is a long ways away.

Do we - SPQ investors - need a mine? Will we be around for the end game? Unlikely. As the drill holes accumulate (tactics) along with assays, the share price will move up. For the next 12 months - part of Richard Nemis' JV strategy - we'll find ourselves in the beginning of the middle game. This is when (I believe) we'll see some of the largest increases in share price.

If you've ever watched a chess match, it's intense. It requires a great deal of smarts, patience, and hard work. But the rewards are very gratifying when you win. And so will be your investment in SPQ - very gratifying. Which means we'll win!

I apologize in advance for being so positive. It's a quirk of my nature.

Snug


http://www.agoracom.com/ir/Spider/messages/797237#message

[mike32]

Neil Novak - CIM Luncheon - IBK sponsored Noront Presentation
Posted by: SnugTheJoiner on April 17, 2008 07:52PM

The CIM luncheon for the IBK sponsored Noront presentation was terrific.  It took place in one of the largest presentation/dining rooms at the National Club on Bay Street in Toronto.  I inquired about the number of registered attendees: the answer 157. There were probably more with a number registering at the door.

The presentation was a "technical presentation" specifically designed for the mining community. I suspect many of the attendees were mining people although I know there were others including software people (Geosoft), bankers (BMO Nesbitt Burns), and students.

Prior to the luncheon, I spoke briefly with Neil inquiring about the drilling at the Freewest Option.  Six (6) holes have been drilled to this point.  Things are moving ahead on schedule with sufficient personnel to complete the drilling program.  I didn't inquire about assay results knowing that Neil would say "coming shortly". However, numerous conversations during and after the luncheon confirm the "richness" of the Freewest Option and the 100% owned Freewest claims.

I overheard Neil saying that his "recent vacation" was spent on the phone and on the Internet.  At one point the Internet went down in his room, ;so he went to the bar and asked the bartender if he could use the Internet in the bar. The bartender said "Yes ... as long as "you buy a drink." By the sounds of it, Neil had a lot of Bloody Marys.

The head table was pretty impressive: Novak, Nemis, Harvey, Watson (Freewest), William White (IBK), Mike White (IBK), Larry Smith (Vale-Inco), Rick Hudson (CIM), the Noront lawyer, and a couple of other folks.

The Agoracom table was actually just as impressive with QQ_Girl, Bajak1, MDG, Milsy, and myself Snug. ; Bajak's significant other was a "hanger on" (actually a really nice dude), and Retirerich was hob-nobbing with the rich and famous at another table.  There were three BMO folks who somehow snuck into seats at our table.  However, we ignored them. ;

The technical presentation was very good. ; There wasn't a great deal of information, however, to pump up the share price.  But then, I don't think that was the intent of this luncheon.

The overall impression I got from the presentation was the very huge and complex nature of the Ring of Fire geology, specifically in the area surrounding Eagle One, but also in the whole of McFaulds including the Freewest Option.  In part I think that the "delays" in getting results of any nature but more specifically the Eagle One 43-101 is due to this complexity. But the number of anomalies just in the area of Eagle One are numerous, but their mineralization continues to be poorly understood - because of not of enough drilling (which takes time).  It will require time, time, ;and more time.

The complexity of the geology was illustrated by new 3D graphics of Eagle One presented by Neil. ; I won't even try to fully describe the graphics.  Suffice it to say, he presented "vertical slices" of Eagle One" over about a kilometer to the southwest from drill hole #5. It showed the MMS anomaly surrounded by peridotite. Very impressive.

So when will the 43-101 be ready?  In a couple of months was the answer.  P&E (the engineering company doing the 43-101) was up to Eagle One in the last week to do more due diligence. This is a very good sign.

Drilling at Eagle Two is progressing very well. ; As Neil put it, "the hit-miss ratio"; is being lowered.  (I expect that the same is happening at the Freewest Option.)  Noront continues to do airbourne surveys and a fourth drill will be onsite in June. ; 40 men and three drills are going 24/7. ; (I understand that there will be a short pause during Spring breakup during which the drill crews will take a break.  I also understand that the Native peoples have requested a break in constant helicopter traffic to allow migrating birds to head north.)



http://www.agoracom.com/ir/Spider/messages/801868#message

[mike32]

CIM Luncheon - final part
Posted by: SnugTheJoiner on April 17, 2008 08:00PM

Due to the wonders of computers, I punched a wrong key. So I'll finish my feedback on the luncheon.

At the end of the presentation, the bankers asked a familiar question: "When we you get the assays?" I thought that I heard Neil say that the PGE assays will be back within a week, and the chromitite assays back in 3-4 weeks. So they are coming folks.

Neil also noted that Noront has been working with the First Nations peoples (2 communities) at Marten Falls. They want to help with building an all-year-round road. Moreover, Noront wants to get the people from these communities to help with exploration work.

Finally, I have a number of pictures from the luncheon. I will be working again with "provinsys" to post them on the web. Stay tuned.

Snug



http://www.agoracom.com/ir/Spider/messages/801876#message

[mike32]

http://www.agoracom.com/ir/Spider/messages/806065#message


SPQ, UC Resources & McFaulds
Posted by: SnugTheJoiner on April 21, 2008 07:13PM

Although Jim Voisin (CEO, UC Resources) doesn't mention Spider Resources in the audio presentation on the UC board, an investor in SPQ should listen to the presentation.

UC Resources is the operator in an JV with SPQ & KWG on Spider's McFaulds Lake claims. Voisin hopes to be drilling in mid-June on VMS anomalies identified quite some time ago.


This drilling will impact SPQ's share price in the later part of 2008. Assuming a strong movement up in share price from the assays coming in from the Freewest Option drilling (and Noront's nearby Eagle drilling), any nickel-copper news from McFaulds drilling would be terrific.

[mike32]

I Spoke to FWR--RE SPQjv-FWr-McFaulds..
Posted by: johndefur on April 22, 2008 01:06PM

spoke to FWR…Update FWR/SPQ jv, McFaulds…
I spoke to the Geologist at FWR, and he seemed very please with the drilling/exploring progress .Drilling and other Geophysical Surveys are proceeding right as scheduled in said JV claims…They have completed hole 8 and 9 in the New 2nd Anomaly 1 km NE of the first Anomaly, and is believed to be an extension of the first Anomaly, wherein 3 drill holes there are now being assayed and at least in part will be released by the end of this week, a News Release of these 2 new drill holes is due any day now, just waiting for Mr. Novak to prepare.This New Anomaly does not appear to be included in the previously released ATEMS , although I was told it was a very LARGE Anomaly…

PGEs are extremely rare to find in economic deposits, as well they are usually found in very thin layers, in only certain portions of layered Ultramafic intrusions, they are very different than Base Metals, and even more elusive than Gold, thus their prices are so high…It usually takes a longer time to drill and define PGEs orebodies… but we may have gotten lucky here at McFaulds…we’ll soon see…

He confirmed the issues when assaying/dealing with PGEs…SPQjv has sent the ENTIRE 3 drill holes cores, some hundreds of samples, for assays of PGEs…As I had mentioned in previous posts, some PGEs occur without any sign of sulfides, or “no see”, some PGEs occur within sulfides, sometimes Pentlandite, Phyrrhotite, Calchopyrite, etc, some PGEs occur within Chromite, some PGEs occur within and around or at the border of crystals, and some PGEs occur as PGMs as metallic alloy elements like Sperrylite etc, and also as native and so on and therefore assaying PGEs is a complex process, and involves different assays , and thus the added time factor for said PGEs assays, also applies to NOT...

Initially, I believed this New Anomaly to be that HUGE Anomaly “Conductor #5” 1-10 , which is located about 1 KM N.W., of the first Anomaly, and is a Large over 1100 Ms long and 635 Ms deep so we’ll need to wait for NR to see if that N.E direction I was given is accurate, or if it is in fact that said Conductor #5 Anomaly…In any event he sounded very pleased…He confirmed that the first Anomaly drilled did contain some sulfides, Chalcopyrite , Pyrrhotite, and some Magnetite seams, in addition to the Chromite beds… He also confirmed that they are doing additional Geophysics on both the 5 JV Claims, as well as their own 4 -100% claims…100Ft spacing Deep Ground Geophysics, to compliment and better define the existing Anomalies for more pin point drilling…Apparently the ATEMS would only reach 300 to 400 Ms Deep…He seemed to suggest that depending on final reports of these new Surveys, they might continue with additional complimentary Geophysical Surveys…We also spoke about some Area Geology, and it seems the two prominent Theories as to the genesis of the Ultramafics that host mineralization, were either co-magmatic or much younger in age possibly Proterozoic…We agreed that it was likely the former, co-magmatic estimated at 2.73 Billion years old by the rocks of SPQ’s VMS, however we also agreed that it was still an open question until all Geochemical testing was completed…Apparently Dr. Mungall and others are working on this now……

We briefly discussed the market prices fo the McFaulds players, and his emphasis was on the very poor market conditions with investors selling their metals “winners” to cover other losses, and poor market sentiment , and thus lack if interest for Metals Explorers, but that would change soon, with the number of NRs coming out of McFaulds drills over the next few months….He also indicated that they are definitely working on specifically finding NOT DE1 like deposits NiCuPGEs as some of these Anomalies are very similar…obviously I agreed…

He also informed me that SPQjv intends to continue as much drilling as possible, on as many Anomalies as possible…so that’s very good news for SPQjv and McFaulds….He indicated that FWR has over $ 10 Million in cash and will begin to drill on their 100% claims near the start of June, and that he is very exited about drilling their Anomalies…The rest of our discussion was more or less Theoretical,…I left with the positive impression that FWR/SPQjv Players are working very hard to find/define these “ore deposits” in a timely way…

IMCO

JD*




http://www.freewest.com/_resources/properties/mcfaulds/Figur…


gruss mike

[mike32]

http://www.agoracom.com/ir/Spider/messages/807964#message




Shared Message - NOT-SPQ-FWR
Posted by: SnugTheJoiner on April 23, 2008 09:03AM

I shared a private message with cwallace regarding the possibilities of a merger between NOT-SPQ-FWR. It's something I've mentioned before and I thought I would share it here with my SPQ friends - I don't think cwallace would mind.

These are my thoughts only. I refer to it as a "merger of friends".

------------------------------------...

With regards to a "merger of friends" - NOT-SPQ-FWR - and I say "friends" because this is the way Neil Novak refers to his association with Nemis and Watson, this merger might become a very strong possibility with a strong escalation in Noront's share price.

I'm going to assume that Richard Nemis would want to give Novak and Watson a fair takeover price (at today's prices) for their shares. How about a minimal "10 bagger" - around $1.00 for SPQ and $3.20 for FWR? (and I'm not even considering any upside share price movement for SPQ & FWR).

I haven't computed the math but the cost would be sizable. However, if the tonnages for all of the anomalies within a (let's say) 15 kilometer radius of Eagle One could be computed, I think the value of the ore in the ground might be staggering.

If an agreement could be made for a takeover, any potential takeover of Noront Resources would be made that must less complicated for a "major".

How about this thought: the total number of shares for NOT-SPQ-FWR is approximately 608 million. What would be a fair share price of a mergered NOT-SPQ-FWR? Let's say there's 10 anomalies with 50,000,000 tons (very conservative numbers, I think). Let's say each ton is valued conservatively at $500 . That's 25 billion dollars. A "major" says "I'll give you 20% of that!"

It computes to about $8.25 a share. That's a sizable premium for Noront but a way under where any intelligent shareholder would value its share price. (Remember, SPQ and FWR shareholders already have their money.)

I believe strongly that Nemis, Novak, and Watson have discussed "a friendly merger" scenerio. But it will all be in the timing. And I think it's just too early. And I think most "majors" will feel the same way. How many drill holes do NOT-SPQ-FWR have to this point? 50 maybe? And we don't have any 43-101s.

Finally, with PRB and FNC about to drill, and ith BMK drilling, there are going to be so many drill holes punched into the James Bay Lowlands this Spring and Summer that all of the water in muskeg might just drain away (just kidding). My point is that the mining frenzy is getting started, and with assays about to be revealed through multiple NRs, it's going to be a fun time for the "Ring of Fire" investor.

Snug





gruss mike

[Mauci]

ist ziemlich ruhig geworden bei spider und freewest...

I'm going to assume that Richard Nemis would want to give Novak and Watson a fair takeover price (at today's prices) for their shares. How about a minimal "10 bagger" - around $1.00 for SPQ and $3.20 for FWR? (and I'm not even considering any upside share price movement for SPQ & FWR).
ob wir diese kurse hier jemals sehen werden!?

[mike32]

Antwort auf Beitrag Nr.: 33.960.620 von Mauci am 24.04.08 11:20:53

ob wir diese kurse hier jemals sehen werden!?


wenn Du bis Ende des Jahres Geduld hast , sollte es möglich sein !

gruss mike

[Mauci]

Antwort auf Beitrag Nr.: 33.970.029 von mike32 am 25.04.08 10:10:15

hallo mike,

ja klar
und glaube fest an beide!!!

[Mauci]

@mike

meinst du die kurse könnten bei beiden noch weiter fallen?
bei noront sieht es derzeit auch nicht so rosig aus

gruss

[mike32]

Antwort auf Beitrag Nr.: 33.970.713 von Mauci am 25.04.08 11:12:29

@Mauci,

ich weiss nur , das NOT krass unterbewertet ist , ob es noch weiter runtergeht , keine Ahnung , auf jeden Fall , wird es irgendwann , wieder kräftig rauf gehen .

gruss mike

[Mauci]

Antwort auf Beitrag Nr.: 33.972.585 von mike32 am 25.04.08 14:11:32

ich meinte kurs v. spider und freewest.
aber trotzdem danke für die info.

gruss

[mike32]

Interesting weekend Geology lessons for amateurs!
Posted by: lethalgal on April 26, 2008 11:28AM




http://www.amebc.ca/primer3.htm

http://www.agoracom.com/ir/freewest/messages/812646#message

[mike32]

Be careful what you wish for"
Posted by: SnugTheJoiner on April 26, 2008 09:42AM

My recent Biz Murphy cartoon about the NOT boys getting "in a lather" was all about being careful what you wish for. In some ways, it is entirely possible that they forced Nemis' hand for a news release (NR) on the SGS debacle. Pity. Played into the hands of the shorts.

There's no substitute for good due diligence (DD). Unfortunately, a well-lathered rumor mill weakens DD and can produce strongly negative results.

What about Spider Resources then? It's closely tied to Noront. We saw that on Friday with regards to share price.

For the smart SPQ investor who has done their DD, you know about SPQ McFaulds' land claims, VMS and MMS geology potential, outstanding shares, SEDAR releases, management, KWG association, FWR association, Freewest Option drilling program, Novak's work with native peoples, Novak's corporate VP responsibilities with Noront, and more.

You also know that we're talking about an area play. Spider Resources is part of the "Ring of Fire". Aerial surveys, ground based geophysics, and the drill bit have found significant, SIGNIFICANT potential in MMS anomalies on the Freewest Option claim. These anomalies are part of a potential 10 km+ run of MMS from Noront's Eagle Two, through FNC claims, all the way up into 100% owned Freewest claims.

All of this translates into potential mineral tonnages of billions. And this translates into large potential capital gains for the smart investor.

For the new investor in Spider Resources, this is an incredible opportunity. Expectations are for an NR in the next week or so. Novak has had core samples into the Actlab people for some weeks now. Quality control and quality assurance are in place. And previous assays from the MMS drilling on this Freewest Option lead us to think that we'll see good results containing PGEs, chrome, and nickel and copper.

Finally, I don't really need to wish for anything with regards to Spider Resources and its drilling on the Freewest Option. My due dilligence, however, tells me that there is a strong possibility of excellent results from current drilling.

How it will affect SPQ share price is anyone's guess. The market is fickle. But I think Neil Novak's hard work will reward the patient investor.

Some of my humble thoughts.Snug

http://www.agoracom.com/ir/Spider/messages/812574#message

[mike32]

http://www.agoracom.com/ir/Spider/messages/814418#message





called our JV partner Mac Watson
Posted by: Romeo on April 28, 2008 05:03PM

Well I called Mac Watson during noon, told him I was a shareholder and asked if now's a convenient time to talk to him since it was lunch time, he was very friendly, about to leave with some coworker for lunch I assume, so I made it quick. This is the dialogue, and the questions he answered for me. I typed them out on my work computer.

"Clarence Streams might be bigger than Windfall for the reason being that if we hit x amount of ounces of gold, I will not tell you but there will be a NR out this week about the assay results for Clarence Streams, then we can turn it into a mine. It would be feasible too and we'll continue drilling more. There is a possibility of a halt for the Clarence Stream assay holes if the labs recommend it to the TSX regulators. Yes that should be something for shareholders to digest. The McFauld Lake, personally I don't know how fast the labs are shooting out assays, but SPQ is the operator and I've been informed that we have received some partial assays and samples back from them, and it goes to the geology department, we expect more this week. We have more holes to drill on our own property around the summer time, so don't expect this to be the only holes, we have a lot more coming our way."

So here's to the longs, we're getting there.

[mike32]

http://www.agoracom.com/ir/Spider/messages/816926#message



Spider Resources Annual General Meeting (AGM) 2008
Posted by: SnugTheJoiner on April 30, 2008 03:45PM

I received an email from Kathy at Spider HQ. Here's the info on Spider Resources upcoming AGM.

10:00 a.m., Thursday, June 19, 2008 at McMillan Binch’s offices. They are at 44th Floor, 181 Bay Street, BCE Place, Toronto
I hope to attend. Needless to say, it would be fun to meet up with a number of other SPQ investors.

Snug

[mike32]

http://www.agoracom.com/ir/Spider/messages/818433#message




Friday's trading
Posted by: SnugTheJoiner on May 01, 2008 04:58PM

I'm going to be very interested in Friday's trading. As some smart dude once said, "Buy on rumor, sell on news."

I'm delighted that NOT was up 70 cents today. I have a chunk of their shares. And I'm happy that SPQ held its own at 10 cents on 1.57 million shares. The sky is looking much bluer every day.

The story of the Ring of Fire continues to unfold, and Friday's trading will add another chapter. With any luck there will be a news release.

However, there's also more and more general news about many of the ROF players. This isn't a one player e.g., Diamond Fields, story. With more and more drills in the field, with the assay labs trying the darnest to get their reports completed, and with more JVs being signed, the James Bay Lowlands is going to go insane with action - in some ways it already is.

So here's to a good Friday, and a fabulous May, June, July, August ... you get my drift? And Spider Resources is going to be in the middle of it!

Snug

[mike32]

http://www.marketwirecanada.com/mw/rel_ca.jsp?id=851456&k=sp…



May 02, 2008 09:00 ETRecent Drill Holes Return Encouraging Chromium, Nickel and PGE Mineralization On Freewest Option Property Of Spider, KWG and Freewest Mcfauld's Lake Area, Northern Ontario


TORONTO, ONTARIO--(Marketwire - May 2, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce initial results and progress of the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the James Bay Lowlands region of Northern Ontario. Massive chromitite layers in a peridotite sill returned Cr2O3 grades as high as 35.6% over 7.5 metres, other layers show enrichment in Platinum and Palladium as high as 1.0 g/t (Pt + Pd) over 4.3 metres as well as enrichment in Nickel as high as 0.25% Nickel over 3 meters.

This diamond drilling program has recently been curtailed due to the arrival of spring in the James Bay Lowlands. Drilling will resume after breakup. The joint venture started the drill test work in the vicinity of their chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which has many similarities to the new discovery (Eagle Two) of Noront in late February and drilled 7 holes for a total of 2,184 metres . Billiken Management Services Inc. ("Billiken") was retained to complete the field program under the onsite supervision of Dr. Howard Lahti, P.Geo., of Fredricton New Brunswick.

As stated in an earlier release (dated April 8, 2008) Hole FW-08-05 was designed to undercut hole the 2006 drill hole numbered FW-06-03, hole 5 was drilled at an inclination of -50, with an azimuth of 150 degrees, for a total depth of 327 meters. This hole was collared in overburden and entered granodiorite at 17.5 meters, then intersected peridotite at 46.5 meters. The hole remained in peridotite until it intersected massive chromitite layers between 252.2 and 273.1metres, each being around 1 meter wide, within the peridotite. This intersection was followed by a very thick massive chromitite layer between 291.4 and 298.8 metres in fault (gouge) contact with underlying intermediate tuff (volcanic rocks). Pyrrhotite and chalcopyrite mineralization was observed in a short shear zone in peridotite between 69.1 and 69.3 metres. Closer examination of the core, and in light of regional exploration review and discussions with neighbouring explorers, resulted in a determination that the top of the chromitite layered complex was likely to the SE, with bottom being towards the NW. The sulphide (pyrrhotite and chalcopyrite) mineralization observed at 69 metres core length, is in close proximity to the disconformably underlying granodiorite and may be related to a sulphide pool near the contact of the granodiorite and peridotite. Chromitite layers could accumulate on top of this in the peridotite sill in a magmatic massive sulphide setting. This sulphide zone averaged 0.35% copper over 2.15 metres, confirming the presence of base metals near the base of the peridotite. Several additional weakly mineralized chromite enriched layers were noted in the peridotite between the sulphide zone and the previously described massive chromitite layers. Assay results have recently been received for hole FW-08-05 summarized as follows:




---------------------------------------------------------------------------- Hole Unit From To Int. Chrome)---------------------------------------------------------------------------- (m) (m) (m) (%)----------------------------------------------------------------------------FW-08-05 Lower Cr1 75.0 77.0 2.0 1.4---------------------------------------------------------------------------- Lower Cr2 160.7 165 4.3 1.5---------------------------------------------------------------------------- Lower Cr3 174.0 183.2 9.2 10.21----------------------------------------------------------------------------
----------------------------------------------------------------------------FW-08-05 Middle Cr1 192.0 195 3.0 2.2---------------------------------------------------------------------------- Middle Cr2 208.5 210.4 1.9 12.5---------------------------------------------------------------------------- Middle Cr3 222.6 225 2.4 0.84----------------------------------------------------------------------------FW-08-05 Upper Cr 240.0 305.0 65.0 10.6----------------------------------------------------------------------------including Upper Cr2 251.2 279.0 27.8 15.53----------------------------------------------------------------------------also incl. Upper Cr4 291.4 298.9 7.5 24.4----------------------------------------------------------------------------
---------------------------------------------------------------------------- Hole Cr2O3 Nickel Platinum Palladium)---------------------------------------------------------------------------- (%) (%) (g/t) g/t)----------------------------------------------------------------------------FW-08-05 2.0 0.15 0.03 0.05---------------------------------------------------------------------------- 2.2 0.11 0.42 0.58---------------------------------------------------------------------------- 14.94 0.21 0.15 0.34----------------------------------------------------------------------------
----------------------------------------------------------------------------FW-08-05 3.2 0.25 0.097 0.199---------------------------------------------------------------------------- 31.1 0.19 0.11 0.21---------------------------------------------------------------------------- 1.23 0.24 0.05 0.13----------------------------------------------------------------------------
----------------------------------------------------------------------------FW-08-05 15.5 0.15 0.1 0.11----------------------------------------------------------------------------including 22.7 0.17 0.1 0.17----------------------------------------------------------------------------also incl. 35.6 0.11 0.09 0.03----------------------------------------------------------------------------



The above table of analyses suggests several chromitite layers all of which have different metal content as would be expected in a layered complex. Some of the layers exhibit enrichment in chrome with many values in excess of 10% as high as 35.6% Cr2O3 over 7.5 metres, while others are enriched in platinum and palladium (Pt + Pd values as high as 1 g/t) and yet others are enriched in Nickel with values greater than 0.2%. Once additional assay information is available from the other holes drilled in this immediate area, the lithogeochemical signature of the individual chromitite layers should be traceable from hole to hole and section to section to facilitate a better understanding of this layered complex.

SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected by Howard Lahti Ph.D., P.Geo, of Fredricton New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp. The split samples were placed into individual plastic bags, clearly labelled and tagged and then sealed in rice bags where a numbered seal lock was closed by Dr. Lahti. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory's (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab's system for preparation, processing and analyzing. The Thunder Bay facility of ActLab is currently a sample preparation lab, being upgraded to a full analytical laboratory, however during the construction and commissioning phase the samples are shipped via lab - lab bonded courier to ActLab's main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using Inductively Coupled Plasma Optical Emission Spectrometry (ICP-OES), as well as Fire Assay Inductively Coupled Plasma (FA-ICP) for gold, platinum and palladium. Additional analysis using Instrumental Neutron Activation Analysis (INAA) was completed for all samples for their respective chrome grades in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.

UPDATE ON NEW DRILL HOLES

Four additional holes, numbered FW-08-08, FW-08-09, FW-08-10 and FW-08-11 have also been completed on the property.

Hole FW-08-08 was designed to test an electromagnetic and magnetic anomaly located approximately 1 kilometre to the northeast of the main chromitite layered complex, along a magnetically inferred regional trend. This hole was located at local Grid co-ordinate L19+00E at 18+75N, drilled grid south at 150 degrees with an initial dip of -50 degrees for a total length of 270 metres. After 10 meters of overburden the hole encountered peridotite and remained in peridotite to a core length of 95 metres, when it entered serpentinized dunite with abundant interstitial magnetite veinlets, minor sulphides were observed along fractures and shear planes until 152 meters core length. The dunite rock unit was then found to be highly fractured and sheared with fault gouge and clay seams and remained as such until 161.3 meters. The hole then entered peridotite and remained in peridotite until the end of the hole at 270 meters, faulting was also noted from 212 metres onwards. The magnetic anomaly was explained by the presence of the magnetite enriched dunite, the conductivity anomaly may be related to the magnetite veinlets or the clay filled fault zone between 152 and 161.3 metres.

Hole FW-08-09 was designed to undercut hole FW-08-08 to determine if there was any sulphide mineralization located within the fault zone encountered in hole 08 at greater depths. Hole 09 was positioned at L19+00E at 18+75N, drilled grid south at 150 degrees with an initial dip of -73.5 degrees. After passing through 8 metres of overburden the hole entered peridotite and remained in this rock unit until 80.6 metres when it entered serpentinized dunite until 80.6 metres. Peridotite breccia was encountered between 80.6 and 84.5 metres followed by serpentinized dunite until 108.1 metres. This latter unit was strongly faulted and brecciated, then peridotite breccia was encountered between 108.1 to 109.7 metres. Additional faulting was observed as the hole passed from peridotite breccias into serpentinized dunite, the hole ended in serpentinized dunite at 176 metres. The presence of magnetite veinlets explained the high magnetic susceptibility and these veinlets if continuous and linked together may explain the conductivity observed in the ground and airborne geophysical surveys.

Hole FW-08-10 was designed to undercut previously drilled hole FW-06-04 to test two mineralized zones encountered in hole 4 that were anomalous in nickel, copper and platinum group elements (Pt and Pd). Hole 10 was positioned at local grid co-ordinate L14+00E at 12+07N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 312 metres. After passing through 7 metres of overburden the hole entered dolomitic limestone until 13.9 metres. The hole then entered granodiorite until 36.5 metres. Gabbro was encountered between 36.5 metres and 86.7 metres (changing to coarse grained around 63 metres). At 86.7 metres the gabbro changed to an olivine rich gabbro, grading into a peridotitic phase of the gabbro at 115.5 metres depth. The olivine gabbro-peridotite contained weak to moderate sulphide mineralization between 90 and 115.5 metres. At 115.5 metres the rock became heavily chloritized with silica flooding in the form of veins bearing sulphides (pyrite, pyrrhotite and minor chalcopyrite). At 170.6 metres the hole entered an intermediate to felsic tuff with variable sulphide content including pyrite, pyrrhotite and chalcopyrite and remained in this sulphide zone until 192.7 meters. Relatively barren intermediate to felsic tuff was encountered to end of hole at 312 metres. The subtle magnetic feature and moderate conductivity as interpreted from the ground and airborne surveys have been explained by the visual results of this drill hole.

Hole FW-08-11 was designed to undercut the mineralization encountered in hole FW-08-10 as well as hole FW-06-04. This hole was positioned on local grid L14+00E at 12+75N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 309 metres. After passing through 12 metres of overburden the hole entered gabbro and remained in gabbro until 90.2 metres. At 90.2 metres the gabbro changed to a coarse grained porphyritic gabbro until 152.5 to 156.2 when the gabbro was found to be in fault contact with intermediate volcanic. Between 156.2 and 175.6 metres the volcanics were found to have undergone extensive alteration (chloritization and silica flooding) and brecciation. Variable amounts of sulphide minerals including pyrite, pyrrhotite and chalcopyrite were noted in this section. At 175.6 to 182.7 the sulphide content increased, chloritization and carbonate alteration were noted. At 182.7 and extending to 189.7 metres the hole encountered coarse grained gabbro (porphyry), followed by chlorite schist between 186.7 and 195.7 metres, followed by gabbro until 231 metres. Another Intermediate volcanic unit was encountered between 231 continuing to the end of the hole at 309 metres. Sulphide mineralization was noted between 235.5 and 279 metres. The presence of two sulphide zones encountered in this hole is encouraging, these will be analyzed for their base and precious metal content. The sulphide accumulation encountered by this hole has explained the conductivity anomaly with weak magnetic signature

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. A previous press release dated February 4, 2008 describes the analytical results. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the newly discovered Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG as well as to the east-south-east of Eagle Two. The focus of the next round of drilling will be to further investigate this Cr-PGE-Ni occurrence and to continue the testing of several of the other anomalies on the property.

This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 310,311,767 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.




For more information, please contact

Spider Resources Inc.
Neil Novak
President and CEO
[phone]
Website: www.spiderresources.com

[mike32]

http://www.agoracom.com/ir/Spider/messages/819324#message



Novak, Nemis, Harvey, & Watson - their 12-18 month strategy
Posted by: SnugTheJoiner on May 02, 2008 11:37AM

I wanted to mention again the larger 12-18 month strategy mentioned by Nemis and Novak at last fall's Noront AGM.

All of these men and their companies (SPQ, NOT, FWR) layed out a clear strategy of joint ventures and drilling which continues to unfold. To me this morning's SPQ NR is a clear indication of this strategy.

Upcoming assays and 43-101s will also be part of this strategy. Although the technical and geological wording in the NR is basically "Martian" to most of us, it still provides glimpses of potentially very large capital gains to those smart investors who have been using these Agoracom boards for due diligence.

There is another 12 months or so with this initial JV strategy. What's going to occur over those 12 months? (Remember, this isn't written in stone.) Who knows? But my guess is that it's going to be very exciting. This is the mining version of high stakes poker.

My dream scenerio would be that Noront, the ROF flagship, bust up to $30 - $50 over the next 6 months. Before the NOT AGM in November, Nemis says to his buddies Novak and Watson, "Let's talk merger over a bottle of Dom Perignon."

Nemis then inks a deal for $3.00 share SPQ and $12.00 share FWR. I apologize in advance if my numbers are too low.
Snug

[mike32]

http://www.agoracom.com/ir/Spider/messages/819374#message




Wonderful News today from SPQ/FWR/KWG
Posted by: johndefur on May 02, 2008 12:06PM

I’d like to preface my views today with a bit of background facts, so as to place these results in proper “context”:…As I explained in my post yesterday, PGEs mines and mineralization are exceedingly rare and complex…It usually takes ‘years” to fully outline a PGE Deposit, since the PGEs are so rare and elusive and usually occur in very small mineralized areas, some of them 6 Ft high, within a layered mafic/ultramafic intrusive, other PGEs occur disseminated in small pockets within said layered intrusion, which appears to be our case, in alteration shear/breccia zones, and Silica flooding zones, within the Chromite or in the Sulfides or intertwined with the silicates, hence the rarety of PGEs and the very high prices for these Noble, Precious and Strategic Metals…

Once again, for your reference below are the grades of Canada’s Largest PGEs mine, Lac Des Iles:

1.66 g/t Pd, 0.18 g/t Pt, 0.14 g/t Au, 0.062% Cu, and 0.053% Ni..

Today’s News was wonderful indeed…Although only 1 hole, hole #5 was back from assay, we caught a very good glimpse of what these 20+ Anomalies located in the 3 JVs Partners claims, and described as a direct extension of NOT’s E2, indicated by Electromags on April2/08…

Anomaly FW 3 was the first drilled , 4 holes, some highlights of hole #5 below…In my view The BEST assay results are still to come in , especially from The remaining holes from said Anomaly, but more importantly from Anomaly FW 4, “visuals” which I thought were Superb…. “

Massive chromitite layers in a peridotite sill returned Cr2O3 grades as high as 35.6% over 7.5 metres, other layers show enrichment in Platinum and Palladium as high as 1.0 g/t (Pt + Pd) over 4.3 metres as well as enrichment in Nickel as high as 0.25% Nickel over 3 meters “

Just a quick comparison to Lac, one quickly notices that PGEs are not that far off, 1gm total, but the BIG difference is while Lac is predominantly Pd with very small amounts of Pt , our assays show this ratio closer to even to 1 to 2 ratio, Pt to Pd which is fantastic news..the Ni content at SPQ is much higher @ .25, 5 times as high, with the possibility of going much higher as will be explained…No Cu on this result, but I would expect good Cu showings as the Chalcopyrite is assayed…Lac does not have Chromite, ours did reach the economic grade of 35% cro3…in addition previous assays did reveal in our discovery Rhodium, I suspect that this assay, and a Gold assay were not done or available since it is a different assay to be done, and no mention was said of said assays being done…so far very good news on this first hole returned…

The Bigger News is the “visuals” from FW 4, an extension 1 km N.E.….This drilling confirms the extensions of these PGEs/Chromite Deposits, and bodes for Great things to come for the 20 said Anomalies in these claims… All the Elements necessary for the emplacement of PGEs are there…Chlorite Silica alteration, shear/breccia zones, silica flooding, and most importantly the sulfides, Pyrite, Pyrrhotite, chalcopyrite, from a bit, to moderate, to variable, which is consistent with PGEs mineralization…

On New Drilling Anomaly # FW # 4:

Hole #8 had a total of 63 Meters or 200Ft of said sulfides mineralization…Hole #10 had a total of 50 Meters or 150Ft of said Mineralization…Hole #11 had a total of 72 Meters or 225 Ft of said mineralization…Also keep in mind that 3 out of 4 holes drilled in this Anomaly “HIT”…

I would say that the fact that these drill holes showed moderate to variable sulfides in a very good indicator that these sections will hold far more PGE’s, in the Silica and the sulfides, far more Ni in the Pyrrhotite, and Cu in the Chalcopyrite… So in summary…this is Great News indeed…

remember SPQjv still has about another 8 HUGE Anomalies to drill and FWR about 10 more Anomalies to drill..these 20 or so Anomalies will surely add mineralized “tonnage” to McFaulds which will only strengthen NOT’s position…

One fact that also important is that these SPQjv Anomalies extent below to BMK jv claims with SPQ holding about 80% and BMK extensions about 20%...

These results and visuals should attract much more interest/attention to SPQ jvs and McFaulds as a whole, especially when the new drill assay results are announced shortly…Good luck to all SPQ/FWR/KWG/NOT/BMK and all McFaulds Players now too numerous to mention…

IMCO

JD*

[mike32]

http://www.agoracom.com/ir/Spider/messages/822750#message




Download link for updated map
Posted by: Helium on May 06, 2008 01:11PM

Map with numbers download link:

http://www.freedrive.com/file/322799



Map with names download link:

http://www.freedrive.com/file/322800




The links are also posted in the link library section of the McFaulds Lake forum. Helium



gruss mike

[mike32]

http://biz.yahoo.com/ccn/080516/200805160462439001.html?.v=1




KWG Resources Inc.: Debuts Diamonds
Friday May 16, 8:00 am ET


MONTREAL, CANADA--(Marketwire - May 16, 2008) - The break-up of winter ice conditions in the James Bay Lowlands has temporarily halted the drilling program of the joint venture between KWG Resources Inc (TSX VENTURE:KWG - News) and Spider Resources Inc (TSX VENTURE:SPQ - News) on the claims optioned from Freewest Canada Resources Inc (TSX VENTURE:FWR - News) near the discovery of the Eagle 1 and Eagle 2 nickel deposits of Noront Minerals Inc (TSX VENTURE:NOT - News). Field programs are expected to resume after the end of May.

ADVERTISEMENT


In the meantime, KWG's Board of Directors has determined that the roll-over of the Company's diamond exploration property interests to its subsidiary Debuts Diamonds Inc, may be done in exchange for units issued from the subsidiary's treasury priced at $0.20 with each unit comprising one share and one warrant exercisable at $0.30 for one year. The rollover transaction, valued at approximately $9 million, was completed with effect on April 29th, 2008. It is anticipated that Debuts Diamonds will file its non-offering prospectus with regulatory authorities before mid-year.

Shares issued and outstanding: 263,659,821

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS PRESS RELEASE.



Contact:
Bruce Hodgman
KWG Resources Inc.
Communications Director
Direct: 905-582-9744
[e-mail]

Michel Cote
KWG Resources Inc.
Director
514-866-6001 ext. 266
www.kwgresources.com

[mike32]

Am Montag, dem 19. Mai, sind die kanadischen Börsen aufgrund des kanadischen Feiertages, Victoria Day, geschlossen.

Alle anderen Märkte sind geöffnet.

http://rose-du-vent.blogspot.com/2005/05/victoria-day.html

[mike32]

http://www.agoracom.com/ir/Spider/messages/839010#message



Max. 1:10 reverse split possible by December 31, 2008
Posted by: FANTOMAS on May 23, 2008 02:21PM

Share Consolidation

Shareholders will be asked at the Meeting to approve a special resolution (the “Share Consolidation Resolution”) to consolidate all of the Company’s issued and outstanding Common Shares on the basis of a ratio of not more than one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the “Consolidation”), with the Consolidation to be implemented by the Company’s board of directors at any time prior to December 31, 2008.

The Consolidation remains subject to receipt of all necessary regulatory approvals, including shareholder approval and acceptance of TSX Venture Exchange.

As the Company relies on equity markets for capitalization, management is of the view that the proposed Consolidation addresses the dilutive consequences of a large outstanding number of Common Shares. Management is also of the view that the Consolidation would address the concern that low prices create larger bid / ask spreads which encourages non-synergistic, low value speculative trading and volatility which is unrelated to news and developments within the Company.
FANTOMAS


gruss mike

[mike32]

http://www.agoracom.com/ir/Spider/messages/842947#message



NOT NEWS...Cromium...Implications for SPQjvs..
Posted by: johndefur on May 28, 2008 10:15AM

As you all must have noted, the first NR was devoted principally to Chromite...It appears clear that E2, will be primarily a Chromie deposit , with accompaning Ni Cu and some PGEs.... This is very good news indeed....It's a pity that NOT chose such a "downer" day when the PPT is out in force, and frantically trying to cool off the return of the Commodities Bull..they knocked Gold down $20, aloong with Oil and all metals...this will not last no matter what desperate interventions they try, the die is cast...US economy is in much worst trouble, especially with the consumers spending which account for a LARGE % of the economy...Obvioulsy NOT and all McFaulds were effected....

I need to get this off my chest...In most financial arenas, including this Forum, all the talk has been about Ni Cu...everytime a drill core is examiined and it doesn't seem to match E1, it's taken as a disappointment...what nonsence !!! IMCO , this Forum at least should totally reject this thinking, and thereby influence/educate the market place, that there exist many other types of mineralization that are equally as valuable....take this NR today as an example...

The word is "CHROMITE"..a metal that is widely used worlddwide for a myriad of applications, including :

In metallurgy, to impart corrosion resistance and a shiny finish:
as an alloy constituent, such as in stainless steel in cutlery
in chrome plating,
in anodized aluminium, literally turning the surface of aluminium into ruby.
As dyes and paints:
Chromium(III) oxide is a metal polish known as green rouge.
Chromium salts color glass an emerald green.
Chromium is what makes a ruby red, and therefore is used in producing synthetic rubies.
also makes a brilliant yellow for painting
As a catalyst.
Chromite is used to make molds for the firing of bricks.
Chromium salts are used in the tanning of leather.
Potassium dichromate is a chemical reagent, used in cleaning laboratory glassware and as a titrating agent. It is also used as a mordant (i.e., a fixing agent) for dyes in fabric.
Chromium(IV) oxide (CrO2) is used to manufacture magnetic tape, where its higher coercivity than iron oxide tapes gives better performance.
In well drilling muds as an anti-corrosive.
In medicine, as a dietary supplement or slimming aid, usually as chromium(III) chloride, chromium(III) picolinate, chromium(III) polynicotinate or as an amino acid chelate, such as chromium(III) D-phenylalanine.[3]
Chromium hexacarbonyl (Cr(CO)6) is used as a gasoline additive.
Chromium boride (CrB) is used as a high-temperature electrical conductor.
Chromium(III) sulfate (Cr2(SO4)3) is used as a green pigment in paints, in ceramic, varnishes and inks as well as in chrome plating.
Chromium(VI) is used in the post Ballard preparation of Gravure (rotogravure) printing Forme Cylinders. By electroplating the metal onto the second coat of copper (after the Ballard skin), the longevity of the printing cylinder is increased
pay special attention to it's catalyst uses, since iscompatable with Hydrogen, the future power supply for cars...


Let's then examiine the "value" of our descovery at E2...Chromite is an exceedingly complex subject...just to keep it simple..Chromite, provided, some contains over 51% CR203, just as is. it is worth about $6 pound...now processing Chromite into the element CR Chromium , which in our case will yield 35.4% Chromium, CR is worth about $6 a pound...quite a handsome return, indeed, much more than Cu....you can do the math at a grade of 27% CR....so I hope you get my drift here...it's HUGE...




Further the lengths and dimensions described are superb...and don't forget that we have mostly massive chromites, with lengths ranging from 42 Ft or so to over 210 FT mineralized intersections, and this is just from 5 holes, many more holes from E2 are assay pending....In addition, there is the value of Ni Cu some PGEs and Iron up to 12%...




Therefore the total "value of E2 will be substantial per ton, just firgure out @ 6$++ a pound how much is in 1 ton @ 27% Cr., over HUGE lengths as above ... and as I suggested previously, it will certainly add to NOT's value and 'tonnage" total and that's what really counts ....


Also remember SPQjvs have already discovered Chromite in 2 of their new Anomalies, so this bodes very well indeed for a Chromium mine at McFaulds, and further SPQjv has another 7 Anomalies to drill, and FWR has about 12 Anomalies to drill, in that same 11Kms 'shear zone"....June in my view will be a great month for McFaulds News..

Geology Model to follow...
IMCO
JD*


gruss mike

[mike32]

Antwort auf Beitrag Nr.: 34.189.425 von mike32 am 28.05.08 18:04:27

ROF--NOT Conceptual Geological Model...
Posted by: johndefur on May 29, 2008 12:22PM

ROF/NOT Conceptual Geological Model from Latest NR..



The first observation I would make from these NR’s is the number of “disclaimers”, that were included in these NRs, no doubt imposed by the “regulators” which no doubt helped to delay assay results, such as the statement blow copied from the actual NOT NR::



“Notwithstanding that these results appear to confirm management's conceptual theories, there can be no guarantee of actual results, which may differ from management's expectations.”


The NOT Conceptual Geology model for the Ring of Fire outlined in said NR, is that of a late highly magnetic altramafic peridotite intrusion , also known herein after known as Ring of Fire Intrusion or RIF, emplaced/intruded all along the margins of the older Granodiorite pluton , (footwall) in between the Sachigo Greenstone rocks (hangindwall), which has caused the Greenstone rocks to ‘dome”. This RIF is magnetically distinct, which allowed it to be traced uninterrupted for tens of Kms along the Granodiorite margins. . It appears that a series of conduits cutting across and through the granodiorite have acted as feeders to the RFI.”..NOT NR :



“Key points of the Ring of Fire conceptual model are as follows;- A mantle derived, highly magnetic ultramafic "peridotite" intrusion ("the Ring of Fire Intrusion" or "RFI") has been emplaced along the margin of a regional scale granodiorite pluton which had been intruded into and caused a doming of the host Sachigo greenstone belt rocks. The RFI is thus situated between the granodiorite on one hand (footwall) and the surrounding Sachigo Greenstone Belt rocks (hangingwall) on the other. The RFI is magnetically distinct allowing it to be traced more or less uninterrupted, for tens of kilometers along the granodiorite margin. It appears that a series of conduits cutting across and through the granodiorite have acted as feeders to the RFI.”


As mentioned here numerous times, globally these ultramafic intrusions similar to the RIF hosts several types, including Layered chromite deposits-- Nickel-Copper deposits-- Platinum Group Metals ("PGM") deposits



“On a world-wide basis ultramafic intrusions, similar to the RFI, are known to host several types of deposits such as:-- Layered chromite deposits-- Nickel-Copper deposits-- Platinum Group Metals ("PGM") deposits.”

A careful reading of the excerpt from NOT NR below, will demonstrate that E1, and E2 although associated with the RIF are actually some way away from the RIF itself, and are related to the conduits feeder systems. However, from drilling area results, the Chromite layered mineralization is confined strictly to the RIF itself, while the Ni Cu appears at this stage to be related to the conduit feeders, located in pools or traps within the feeders. Based on observations from similar intrusives globally there is no reason, at least conceptually, why Ni-Cu or PGM deposits could not be hosted by the RFI itself. The exploration potential in this regard remains to be tested.”

It seems clear then this “feeder system” tends to go northward in the direction of the Granodiorite from the RIF, (see Geology map of McFaulds, which then may have important implications for Exploration. The E1 deposit may be considered as a trap or chamber within these conduits feeders, and E2 may be considered the mouth portion of said conduits feeders, within a Shear Zone…



“Recent drilling within the Ring of Fire area confirms that both PGM-rich Ni-Cu deposits (Eagle One and possibly Eagle Two) and now chromite occurrences are associated with the RFI and its related conduit feeder system. As would be expected under the conceptual model, on-going drilling by Noront and published results from other junior companies working in the area, suggest that the layered chromite mineralization is likely to be confined strictly to the RFI, while the platinum rich Ni-Cu sulphide mineralization appears, at least at this stage of exploration, to be related to the conduit feeders, localized in pools or traps. Based on observations from similar intrusives globally there is no reason, at least conceptually, why Ni-Cu or PGM deposits could not be hosted by the RFI itself. The exploration potential in this regard remains to be tested.”“Using the conceptual model, the Eagle One deposit would be interpreted to occur within a conduit feeder, at some distance from the RFI. “

“The Eagle Two discovery on the other hand is interpreted under the conceptual model as occurring within the "throat or mouth" portion of the conduit where it empties into the RFI. The mineralization yielded by Noront's results at this point in the system consists of mineralized zones that contain numerous thin (10 cm to 120 cm) Ni-Cu bearing sulphide layers occupying a shear zone that collectively amass to 10's of meters thick "fingers" that "feather" out into the RFI. Individual semi-massive to massive sulphide lenses within the SHS zone attain core lengths of up to 7 meters.”
The following NR excerpt clearly states that the Ni Cu mineralization moves North West away from the Chromites and the RIF, and possibly into a trap or chamber within that feeder conduit zone NW, part of the original feeder system similar to E1..And agin mention of the potential for NU Cu and Chromites within the RIF…



The most recent drilling (holes NOT-08-1G32, 1G35, 1G38, 1G39 and 1G40) at Eagle Two suggests that the zone of finger-style mineralization is coalescing and increasing in overall thickness as it is drill tested along strike to the northwest, presumable into a conduit that is part of the original feeder system. The sulphide mineralization is also interpreted as moving away from the Chromite mineralization further suggesting that the Eagle 2 mineralizing environment is moving further away from the RFI and into a possible feeder conduit environment similar to that observed at Eagle One.



Noront management feels that the drill results obtained to date at Eagle Two are consistent with the conceptual model it has developed to date, which would suggest that there is potential for the discovery of another Eagle One - type deposit, as the Eagle Two mineralization is traced northwestward into a possible feeder conduit. The potential for both Chromite and Ni-Cu deposits within the RFI itself remains virtually untested.
CHROMITE_ Dr. Mungall’s Report



As you see, that early petrographic analysis that the content of Chromium CR2O3 is 51.9 weight percent %, which is the highest % ever found in Canada…The standard deviation % equates to about 36% CR with the CR/Fe average of about 1.72 very close to the average of 2….You will also note that Dr. Mungall estimates the size of E2 Chromite at 500mx150m, and further petrographic work is underway to establish consistency of these grades throughout the deposit…It seems clear that these grades are economical, and they want to make certain that these grades extend throughout the deposit…



In conclusion, it seems to me that they have a much better handle of the discoveries of both NI Cu and Chromite, although very little was mentioned on PGEs, which does not surprise me in the least…PGES are an exceedingly rare and elusive and found within very complex Geological structures…However we have at McFaulds all the necessary Geological ingredients for discoveries if High grades PGEs deposits especially within the RIF…It will only be a matter of time and drilling before we do…I had mentioned on numerous occasions that one never knows what will come up once a drill core comes up at McFaulds…There appears to be numerous and various types of mineralizations to be found, just a recent example of SPQ’s…One of their assays in one anomaly returned E2 like features of Chromite +PGEs + Ni-Cu…However the second Anomaly drilled, returned a totally different type of mineralization in that although it started off in a peridotite, the mineralization was found in a very altered, brecciated Chloritized and sillicious felsic (tuff) metavolcanic…I believe that may be a first for a MMS deposit…Of course in VMS at McFaulds mineralization has been found in Felsics…So very exiting anytime drills are at work at McFaulds…..SO this new evidence speaks very well for continuing to find ore deposits at McFaulds, since the RIF extends the entire length of McFaulds…

Dr. Mungall :

Chromitite seams have been intersected in several diamond drill holes into the AT2 target area southwest of the Eagle One magmatic massive sulphide deposit. The chromitite seams occur as steeply dipping stratiform layers with down dip extent of at least 500 metres and strike length of at least 150 metres. The chromitites vary from narrow seams, centimetres thick to massive beds of chromite orthocumulate greater than 20 metres in true thickness. Massive chromitite at AT2 consists of 60 to 90% euhedral chromite grains up to 1 mm in size surrounded by a matrix of talc, chlorite, serpentine, and stichtite, a hydrated magnesium chromium carbonate mineral. The host rock is metadunite and metaperidotite that has been altered to talc and carbonate and is relatively undeformed close to the chromitites. Preliminary petrographic work indicates that the chromite is generally fresh and unaltered. Wavelength dispersive electron microprobe analysis of 90 individual chromite grains in samples from holes NOT-08-1G3 (134 m) and NOT-08-1G20 (247 m) show that the compositions of the chromite grains show little variability around an average value of 51.9 weight percent Cr2O3 (standard deviation of 0.98 weight percent), equivalent to 35.5 weight percent Cr, with Cr/Fe weight ratios between 1.6 and 1.8 and averaging 1.72. Further petrographic and electron microprobe work is underway to establish the consistency of these grades throughout the deposit. Whole-rock assay data is pending for all of the chromitite intersected to date."
ALL as usual IMCO

JD*
http://www.agoracom.com/ir/freewest/messages/844353#message

[mike32]

http://www.agoracom.com/ir/Spider/messages/856687#message




Spider Resources Inc.

TSX VENTURE: SPQ

Jun 11, 2008 10:00 ET


Spider, KWG and Freewest Intersect 30.73% Chrome (Cr2O3) Over 14.4 Metres McFauld's Lake "Ring of Fire" Area, Northern Ontario
TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" are pleased to announce additional results from the diamond drilling program on their jointly owned Freewest Option property (the "Property"), located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences and approximately 3.6 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One Magmatic Massive Sulphide ("MMS") discovery, in the Ring of Fire area of the James Bay Lowlands region of Northern Ontario. Massive chromitite layers in a peridotite sill were encountered in hole FW-08-07 returning Cr2O3 grades as high as 30.73% over 14.4 metres, other layers within the peridotite sill show enrichment in Platinum and Palladium as high as 2.183 g/t (Pt + Pd + Au) over 9.0 metres as well as enrichment in Nickel up to 0.21% Nickel over 3.6 meters.

As previously announced in an earlier release (dated May 2, 2008), Hole FW-08-05 encountered 35.6% Cr2O3 over a drill intercept of 7.5 metres, along with other layers showing enrichment in Platinum, Palladium and Nickel, this drill intercept is located 100 metres to the SW of the intercept in hole FW-08-07. Hole 5 was designed to undercut hole the 2006 drill hole numbered FW-06-03 on the same drill section that intersected two chromitite layers returning grades of 34.5% Cr2O3 over 1.03 metres, followed by 28.9% Cr2O3 over 0.85 metres (announced June 29, 2006). In light of a regional exploration review and discussions with neighbouring explorers, there is a consensus of opinion and a determination that the top of the chromitite layered complex is likely to the SE, with bottom being towards the NW. Observations in the drilling within this portion of the sill suggests thickening of the chromitite layers to depth and the northeast, consequently the focus of the next round of drilling will be to further investigate this Cr-PGE-Ni occurrence, exploring it to greater depths and along strike to the northeast and to continue the testing of several of the other anomalies on the property. Ground geophysical surveying is underway and is anticipated to be completed by the third week of June. Drilling is scheduled to continue immediately thereafter.

The joint venture commenced drilling in late March 2008 and concluded drilling in mid May, in the vicinity of their chrome-nickel-platinum group metal bearing peridotite previously discovered by Spider and KWG in 2006, which appears to have many geological similarities to the Eagle Two discovery of Noront, announced in late February. Spider and KWG completed 7 holes for a total of 2,184 metres, under the auspices of Dr. Howard Lahti, P.Geo., of Billiken Management Services Inc. ("Billiken") an exploration consulting firm retained to complete the field program. Billiken provided the onsite supervision as well as camp facilities, helicopter support and other logistical support for the program.

RECENTLY RECIEVED ANALYTICAL RESULTS

Hole FW-08-06, was located 100 meters grid west of FW-08-05, and was drilled at an inclination of -50, with an azimuth of 150 degrees, to a total depth 384 meters. The hole was collared in limestone, entered granodiorite at 17.8 meters, then intersected peridotite at 103.3 meters. At 330.2 meters, massive chromitite layering started, interstitial rock at this location is described as pyroxenite/peridotite with local thin bands of massive magnetite. At 346.5 to 384 meters the rock is pyroxenite with short (1 m) chromitite beds, and erratic patches of fine grained pyrrhotite and pyrite throughout. The following table presents the results of hole FW-08-06:


---------------------------------------------------------------------------Hole # From To Int. Ni% Pt Pd Au TPM Cr% Cr2O3% Fe% (m) (m) (m) g/t g/t g/t (g/t)---------------------------------------------------------------------------FW-08-06 285.0 286.5 1.5 0.09 0.99 0.50 0.03 1.50 0.34 0.50 6.2---------------------------------------------------------------------------followed by 289.5 295.5 6.0 0.04 0.42 0.20 0.01 0.62 0.16 0.27 3.2---------------------------------------------------------------------------followed by 328.5 336.0 7.5 0.14 0.16 0.18 0.02 0.35 4.02 7.15 9.9---------------------------------------------------------------------------followed by 339.0 340.2 1.2 0.17 0.04 0.07 0.00 0.11 8.89 24.64 21.7---------------------------------------------------------------------------followed by 377.1 384.0 6.9 0.14 0.08 0.12 0.01 0.21 3.74 9.73 11.1---------------------------------------------------------------------------For the above table TPM refers to Total Precious Metals (Pt + Pd + Au)




Hole FW-08-07, located 100 meters grid east of FW-08-05, and was drilled at an inclination of -50, with an azimuth of 150 degrees. This hole was drilled to a final depth of 405.7 meters. Hole 7 encountered peridotite at 10 meter core length and the hole remained in peridotite until 194.7m. Chromitite layering started in a Pyroxenite, followed by short chromitite layers between 194.7 to 195 meters, and between 197.8 to 205.5 meters, followed by a thick bed of chromitite between 209.8 to 223.3 meters. This hole continued in pyroxenite until 300 meters where the hole entered gabbro and remained in this rock unit until 405.7 meters. The following table presents the results of hole FW-08-07:


---------------------------------------------------------------------------Hole # From To Int. Ni% Pt Pd Au TPM Cr% Cr2O3% Fe% (m) (m) (m) g/t g/t g/t (g/t)---------------------------------------------------------------------------FW-08 -07 64.5 73.5 9 0.08 0.186 0.189 1.81 2.183 nil nil 7.04---------------------------------------------------------------------------foll- owed by 100.3 108 7.7 0.14 0.269 0.325 0.019 0.613 6.27 9.17 10.8---------------------------------------------------------------------------foll- owed by 115.5 119.1 3.6 0.21 0.384 0.621 0.024 1.03 3.13 4.58 8.2---------------------------------------------------------------------------foll- owed by 166.5 176.7 10.2 0.17 0.14 0.293 0.018 0.452 8.99 13.14 8.8---------------------------------------------------------------------------foll- owed by 193.5 205.9 12.4 0.12 0.298 0.412 0.03 0.74 17.43 25.5 15.4---------------------------------------------------------------------------foll- owed by 209.8 224.2 14.4 0.07 0.26 0.13 0.026 0.416 21.01 30.73 17.6---------------------------------------------------------------------------The above table of analyses suggests several chromitite layers all of whichhave different metal content as would be expected in a layered complex. Some of the layers exhibit enrichment in chrome with many values in excessof 10% as high as 30.73% Cr2O3 over 14.4 metres, while others are enrichedin TPM (Pt + Pd + Au values as high as 1.03 g/t) and yet others are enriched in Nickel with values greater than 0.2%.




Chromitite (rock composed mostly of chromite) layers have been intersected in holes FW-06-03, FW-08-05, FW-08-06 and FW-08-07. The chromitite layers appear to occur as steeply dipping stratiform layers with down dip extent of at least 200 metres and strike length of at least 200 metres between lines 9+00E and 11+00E on the local grid. The chromitites vary from narrow seams, a few centimetres thick to massive beds of chromitite greater than 14 metres in drilled thickness (not true width). The host rock is an altered peridotite. Chromitite layers typically accumulate near the top of the peridotite sill in a magmatic massive sulphide setting, or they could occur laterally with respect to the feeder zone as distally thinning beds. Several additional weakly mineralized chromite enriched layers have also been noted in the peridotite below the massive chromitite layers encountered in holes 3, 5, 6 and 7. Some recent "cooperative" work has been undertaken with Noront on samples selected from the Freewest Option property. The work was done at University of Toronto, under the direction of Dr. James Mungall, his research assistant provided the analysis. Wavelength dispersive electron microprobe analysis of six individual chromite grains in samples from holes FW-08-05 (251.2, 255.8, 265.5, 269.0, 275.0 and 292 m) show that the compositions of the six chromite grains show some variability around an average value of 50.0 weight percent Cr2O3 (range 46% to 54%), with Cr/Fe ratios averaging 2.0 (range of 1.25 to 2.75). Four chromite grains from FW-08-07 (210.5, 218.5, 223.0, and 298 m) show that the compositions of the chromite grains have less variability around an average value of 48 weight percent Cr2O3 (with a range of 46 to 50), with Cr/Fe weight ratios between 1.1 and 1.45 and averaging 1.3.

With several intersections of massive chromitite encountered in this recent drilling, the drill results can now be modelled three dimensionally and analyzed to determine section to section, as well as, hole to hole continuity. Lithogeochemical analysis will also be undertaken in order to join up the various chromitite layers to determine continuity. New drilling is currently being planned to infill the area between Section 10NE (Holes 3 and 5) as well as 11NE and 12NE on 50 metre centers. In order to understand more fully the chemical characteristics of the rock and how this impacts chrome valuation, whole rock analysis of the chrome enriched core must be undertaken.

OTHER DRILL AND ASSAY RESULTS

Hole FW-08-08 was designed to test an electromagnetic and magnetic anomaly located approximately 1 kilometre to the northeast of the main chromitite layered complex as defined by holes FW-06-03, FW-08-05, FW-08-06 and FW-08-07, along a magnetically inferred regional trend. This hole was located at local Grid co-ordinate L19+00E at 18+75N, and drilled grid south at 150 degrees with an initial dip of -50 degrees for a total length of 270 metres. The magnetic anomaly was explained by the presence of the magnetite enriched dunite, the conductivity anomaly may be related to the magnetite veinlets or the clay filled fault zone between 152 and 161.3 metres. No significant assays were received for this hole, although anomalous nickel was returned between 79.5 metres and 150.5 metres. Best assay over this interval was 0.306% Nickel over 3 meters.

Hole FW-08-09 was designed to undercut hole FW-08-08 to determine if there was any sulphide mineralization located within the fault zone encountered in hole 08 at greater depths. Hole 09 was positioned at L19+00E at 18+75N, drilled grid south at 150 degrees with an initial dip of -73.5 degrees. The presence of magnetite veinlets explained the high magnetic susceptibility and these veinlets if continuous and linked together may explain the conductivity observed in the ground and airborne geophysical surveys. There were no samples selected from this hole as no significant mineralization was observed.

Hole FW-08-10 was designed to undercut previously drilled hole FW-06-04 (drilled in 2006) to test two mineralized zones encountered in hole 4 that were anomalous in nickel, copper and platinum group elements (Pt and Pd). Hole 10 was positioned at local grid co-ordinate L14+00E at 12+07N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 312 metres. Gabbro was encountered between 36.5 metres and 86.7 metres (changing to coarse grained around 63 metres). At 86.7 metres the gabbro changed to an olivine rich gabbro, grading into a peridotitic phase of the gabbro at 115.5 metres depth. The olivine gabbro-peridotite contained weak to moderate sulphide mineralization between 90 and 115.5 metres. At 115.5 metres the rock became heavily chloritized with silica flooding in the form of veins bearing sulphides (pyrite, pyrrhotite and minor chalcopyrite). At 170.6 metres the hole entered an intermediate to felsic tuff with variable sulphide content including pyrite, pyrrhotite and chalcopyrite and remained in this sulphide zone until 192.7 meters. Relatively barren intermediate to felsic tuff was encountered to end of hole at 312 metres. The subtle magnetic feature and moderate conductivity as interpreted from the ground and airborne surveys have been explained by the visual results of this drill hole. Only anomalous values in Nickel over short sample sections were returned from the samples selected from this hole.

Hole FW-08-11 was designed to undercut hole FW-08-10 as well as hole FW-06-04. This hole was positioned on local grid L14+00E at 12+75N, drilled grid south with azimuth of 150 degrees with an initial dip of -65 degrees for a total length of 309 metres. After passing through 12 metres of overburden the hole entered gabbro and remained in gabbro until 90.2 metres. At 90.2 metres the gabbro changed to a coarse grained porphyritic gabbro until 152.5 to 156.2 when the gabbro was found to be in fault contact with intermediate volcanic. Between 156.2 and 175.6 metres the volcanics were found to have undergone extensive alteration (chloritization and silica flooding) and brecciation. Variable amounts of sulphide minerals including pyrite, pyrrhotite and chalcopyrite were noted in this section. At 175.6 to 182.7 the sulphide content increased, chloritization and carbonate alteration were noted. At 182.7 and extending to 189.7 metres the hole encountered coarse grained gabbro (porphyry), followed by chlorite schist between 186.7 and 195.7 metres, followed by gabbro until 231 metres. Another Intermediate volcanic unit was encountered between 231 continuing to the end of the hole at 309 metres. Sulphide mineralization was noted between 235.5 and 279 metres. The presence of two distinct sulphide zones encountered in this hole is encouraging, these were analyzed for their base and precious metal content. The sulphide accumulation encountered by this hole has explained the conductivity anomaly with weak magnetic signature. The following table presents the results for this hole:


---------------------------------------------------------------------------Hole # From (m) To (m) Int. Cu% Ni% Pt g/t Pd g/t Au g/t TPM g/t (m)---------------------------------------------------------------------------FW-08-11 169.3 171.1 1.8 0.18 0.37 0.023 0.223 0.412 0.658---------------------------------------------------------------------------followed by 175.6 182.7 7.1 0.15 0.27 0.046 0.274 0.029 0.348---------------------------------------------------------------------------




SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected by Howard Lahti Ph.D., P.Geo, of Fredericton New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp. The split samples were placed into individual plastic bags, clearly labelled and tagged and then sealed in rice bags where a numbered seal lock was closed by Dr. Lahti. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory's (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab's system for preparation, processing and analyzing. After initial processing at the Thunder Bay facility of ActLab the samples were shipped via lab - lab bonded courier to ActLab's main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using four acid digestion followed by Inductively Coupled Plasma analysis (TD-ICP). Where overlimits in nickel and copper are encountered in the first pass, Optical Emission Spectrometry (ICP-OES) is used to provide the overlimit results, as well as Fire Assay Inductively Coupled Plasma (FA-ICP) for gold, platinum and palladium. Additional analysis using Instrumental Neutron Activation Analysis (INAA) was completed for all samples for their respective chrome grades in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.

Previous exploration work on the property included a diamond drill program resulting in the discovery of a layered chromitite-bearing, nickel and platinum group element (PGE) enriched peridotite. This chrome-PGE-nickel discovery was the first of its kind in the McFauld's Lake area of the Sachigo Greenstone Belt. The host peridotite contains variable amounts of magnetite as disseminations and seams and elicits a strong magnetic signature. The magnetic high has dimensions of 400 metres by 400 metres and due to both these dimensions, and the peridotite setting similarity to Noront's Eagle One MMS discovery (located 3.6 km to the SE), as well as the Eagle Two sheared massive sulphide occurrence, (located 2 km to the SE of Eagle One) which also contains chromitite layering; this occurrence has become a very attractive exploration target for additional work directed at chrome-PGE-nickel mineralization. Noront's peridotite sill, announced on April 2, is rendered by airborne geophysics to continue to the east-north-east of their Eagle One occurrence towards and through the Freewest Option property of Spider and KWG as well as to the east-south-east of Eagle Two.

This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 310,311,767 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.






For more information, please contact

Spider Resources Inc.
Neil Novak
President and CEO
[phone]
Website: www.spiderresources.com

[mike32]

Auch die CANs , werden die Werhaltigkeit von CHROM noch erkennen !

gruss mike

[mike32]

http://www.agoracom.com/ir/Spider/messages/856754#message

MORE NEWS NEW CFO
Posted by: bushmills on June 11, 2008 10:32AM

Spider Resources Inc.



TSX VENTURE: SPQ

Jun 11, 2008 10:15 ET


Spider Resources Inc. Appoints CFO
TORONTO, ONTARIO--(Marketwire - June 11, 2008) - Spider Resources Inc. (TSX VENTURE:SPQ) is pleased to announce the appointment of Carmello Marrelli as Chief Financial Officer of Spider Resources Inc. ("Spider"). Mr. Marrelli replaces Mr. Richard Hamelin who was formerly the "acting" CFO and will continue on as Vice President Finance for Spider and director.

Mr. Marrelli holds a Bachelor of Commerce degree from the University of Toronto and is a qualified Chartered Accountant and Certified General Accountant. Mr. Marrelli is currently a partner with Marrelli & Drake Corporate Services, a corporate services firm (2004 to present) and was previously an accountant with Marrelli & Drake Corporate Services (2000 to 2004). Mr. Marrelli also serves as Chief Financial Officer of several other public junior mining public companies. The board of directors of Spider is pleased to welcome Mr. Marrelli to the management team at the company.

Spider also would like to announce that effective June 1, 2008, the exploration office has moved to Suite 470, 44 Victoria St., Toronto, Ontario, M5C 1Y2. The telephone and facsimile numbers remain unchanged, the corporate head office address remains the same.

Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 310,311,767 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

[hbg55]

Antwort auf Beitrag Nr.: 34.283.536 von mike32 am 11.06.08 17:49:19

moin MIKE, denke der zeitpunkt schaut gut aus, sich
mal paaar st. ins depot zu legen.......vor allem nach
heutiger news !!!

[hbg55]

Antwort auf Beitrag Nr.: 34.283.653 von hbg55 am 11.06.08 18:03:15

...vor dem hintergrund einer schwachen WALLSTREET hat
sich SPQ beachtlich aus der affäre gezogen....mit
nem ausgezeichnetem vol. von über 7 mio. st. bzw. nem
SK von cad 0,075....


Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers


15:57:17 V 0.075 +0.015 10,000 9 BMO Nesbitt 80 National Bank K
15:55:30 V 0.07 +0.01 20,000 9 BMO Nesbitt 85 Scotia K
15:55:25 V 0.075 +0.015 20,000 9 BMO Nesbitt 80 National Bank K
15:53:37 V 0.075 +0.015 15,000 7 TD Sec 80 National Bank K
15:46:14 V 0.075 +0.015 10,000 7 TD Sec 80 National Bank K
15:46:09 V 0.075 +0.015 50,000 79 CIBC 80 National Bank K
15:36:52 V 0.075 +0.015 30,000 7 TD Sec 7 TD Sec K
15:36:52 V 0.075 +0.015 20,000 7 TD Sec 7 TD Sec K
15:36:52 V 0.075 +0.015 46,000 7 TD Sec 80 National Bank K
15:36:52 V 0.075 +0.015 4,000 7 TD Sec 145 Woodstone K



...da scheint MIR noch wesentlich mehr luft drin zu sein !!!

[hbg55]

Antwort auf Beitrag Nr.: 34.286.163 von hbg55 am 12.06.08 00:02:36

...das wird auch von der mehrheit bei SH so gesehen....wie
zb folg. user..........


very Good News from SPQjvs today...however...

this overhanging 10 to 1 RS, is severely limiting the upward movement in SPQ....I believe once this RS resolution is finally defeated on June 19, that SPQ will begin to shine again...

I noticed also that SPQ has "MOVED"...perhaps too close to NOT??...and also noticed that SPQ has a new Chief Financial Officer, replacing Hamelin...I believe that all of our efforts towards defeatiing this RS, has had and effect on said 2 above noted items...I truly believe that once this RS is soundly defeated, we and SPQ will be on our way UP for real...

As for the NRs today...Geologically speaking, just a brief recap. more later...there is little doubt that the SPQ jvs property is an extension of NOT's E1 and E2..Of special interest was the TPM--Total Precious Metals, Pt, Pd, Au, in excess of 2 gms in some samples, with Platinum the dominant PGE in most samples...now although the % CR203 was close to economic and the toal PPM was also close to being economic, I am very encouraged with these results for a number of reasons including:

These 2 Anomalies so far drill by SPQ are an extension of NOT''s DE, and if we were to expand the SPQjvs the current SPQ anomalies drilled are similar to DE2, which Geo. Dr. Mungall had described as the 'mouth" or "feeder" to DE1's Spectacular discovery, so in the same manner then these 2 Chromite Anomalies of SPQ, should be the 'mouth' or 'feeder" to a potential E1 Ni/Cu/Pges spectacular discovery in said SPQjvs claims...There a number of superb looking Anomalies North West of these 2 which look similar to E1, that is , they are isolated Med intensety anomalies about 1.5 kms north west of these 2 Chromites, and extending N.W.....just as a remiinder SPQjvs have a total of 9+ really great looking anomalies, ready to be drilled...In addition these types of "veining" sulfides are known to extend much deeper, and become much richer in Copper and PMG, which forms the bulk of the mineralization at world class mines....we may very well be barely at tip of the iceberg at 1000Ft, and these "veining" sulfides systems go in much deeper 2000 to 8000 Ft...

So very good news today with potential for great news upcomiing...But as I say, the real move in SPQ will be when this RS resolution is soundly defeated, and we can resume our drilling of said new anomalies N.W. of these 2....

IMCO

JD*

[hbg55]

Antwort auf Beitrag Nr.: 34.286.163 von hbg55 am 12.06.08 00:02:36

.......uuuuund....dabei sahen wir nahezu 3x mehr KÄUFE als
verkäufe..........beim vol. !!!!

[hbg55]

Time Ex Price Change Volume Buyer Seller Markers


09:45:16 V 0.075 - 5,000 7 TD Sec 7 TD Sec K
09:30:03 V 0.075 - 4,000 2 RBC 2 RBC K
09:30:03 V 0.075 - 26,000 2 RBC 80 National Bank K
09:30:03 V 0.075 - 5,000 80 National Bank 80 National Bank K
09:30:03 V 0.075 - 5,000 7 TD Sec 7 TD Sec K
09:30:03 V 0.075 - 5,000 5 Penson 80 National Bank K
09:30:03 V 0.075 - 20,000 80 National Bank 80 National Bank K
09:30:03 V 0.075 - 10,000 85 Scotia 80 National Bank K
09:30:03 V 0.075 - 22,000 79 CIBC 80 National Bank K
09:30:03 V 0.075 - 51,000 79 CIBC 1 Anonymous K


...das fängt ja gut an heute......

[hbg55]

...schaumamal wies weitergeht.....

[mike32]

http://www.agoracom.com/ir/Spider/messages/863978#message



Spider's AGM
Posted by: SnugTheJoiner on June 19, 2008 05:02PM

So how does one begin? Activist shareholders, I think.

There were so many shareholders present that the AGM had to be moved to a larger board room. Yellowknifer, John Defur, Irish1111, Misameda, Luckylong, Softail, Doryloads, myself and a number of others were the eyes and ears of this SPQ Agoracom board. There was significant discussion, and at times, confrontation.

SIGNIFICANT POINTS

1) Resolution #12 was defeated. 2/3 of voted shares FOR was required to pass the resolution . 30+ million voted AGAINST. 37 million voted FOR. Not even close. Thanks to all who saw the light.

The main reason given by the Board for Resolution #12 was that "institutions" interested in SPQ shares wanted a higher share price. When asked "Who are these institutions?", the Board declined to name any. The shareholders (Agoracom folks) present at the AGM believe that the lack of transparency by the Board translates into "no institutions", and therefore a very poor reason for promoting Resolution #12.

We felt that the Board was both dismayed and somewhat shocked. However, they clearly got the message that their activist shareholders were watching, and continue to hold the Board accountable for their decisions and actions.

2) Spider Resources will fix up the website, more actively promote the company, and have better investor relations (IR). Former CEO Bryan Wilson has been tasked by Neil Novak to get working on this stuff.

If nothing is seen in this regard in the next couple of months, the shareholders present at the AGM feel that a more activist approach with this matter should be undertaken.

3) The excellent geology has not changed. Work on a number of significant projects continues to move ahead. More on these projects below.

All of the shareholders present at the AGM continue to feel positive about the claims and projects that Spider Resources is involved in. We also feel that Neil Novak and the BOD must continue to receive input from united and activist shareholders on these projects and future decisons with regards to these projects and potential JVs.

4) The summer drill program is about ready to go. The spring breakup is over and the blackflies and mosquitos are taking up residence. The base camp is in place, fuel oil for machinery has been flown in, and the drill teams are coming in in the next 14 days.

PROJECTS

a) Freewest Option - drilling to begin within 14 days. The drill team is coming into camp. The onsite geologist was ill but is now much better. This project has the strongest focus of Neil Novak and the BOD. Prospects are excellent.

b) Wawa - Neil Novak has a passion for diamonds. He has identified a geological structure which measures about 300 by 8 meters, and has the signature of a kimberlite pipe. He wants to spend $200,000 this summer for 5 drill holes to sample this structure. This looks very promising.

c) Diagnos Initiative - once again diamonds. Neil has also isolated a high priority prospect here. Ground magnetic mapping has finished. KWG is very supportive of this project. People are going up there this week. The prospective structure has the signature and the depth (45 meters below the surface) of kimberlite.

d) McFaulds #3 (UC Resources is the operator) - 37 drill holes complete. Dr. Franklin has redone the resources estimate, which should be available soon. (It was redone on Dr. Franklin's advice. He wanted the core relogged because the geology is very complicated and heavily altered, which had compromised the initial logging by the drill team and onsite geologist.)

The implications of a completed resource estimate (from the 37 drill holes) means that a 43-101 must be completed within 45 days.

Shareholders should go back and review the assay results for McFaulds #3. They are spectacular. The 43-101 should detail all of this plus tonnages. Clearly, UC Resources will then want to get on its horse, and start working this project vigorously.

e) McFaulds #1 and #5 were mentioned briefly. 16 drill holes for #1 with 4700+ meters. Excellent prospects but UC Resources needs to get drilling on this. #5 has only 2 drill holes but Spider Resources has been pushing UC to get going.

INTERESTING POINT

A contractor had been hired by Freewest to do some high powered geophysics EM work, which has been completed. This was mentioned because the nature of this EM work was of such high power that nobody else including Spider Resources could work on their geophysics.

FINAL THOUGHTS

Neil Novak and the Board members present had their eyes opened by the activist shareholders present. "The bar has been set" for future AGMs. We are looking for professional presentations, intelligent corporate promotion & marketing, and transparency of information.

Approximately 67 million shares were voted AGAINST and FOR Resolution #12. There are 310 million shares outstanding. Where are the other 243 million? Where's their voice?

Finally, there has been a very large question put forward: How committed are some of Spider Resources Board members? Just for interest sake, look at how many shares they have.
Sincerely,
Snug

gruss mike

[mike32]

Moin,

Am Dienstag, dem 1. Juli 2008, sind die Börsen in Kanada auf Grund des Nationalfeiertags geschlossen.

Am Freitag, dem 4. Juli 2008, sind die Börsen in den USA auf Grund des Nationalfeiertags geschlossen.

gruss mike

[Fantomas96]

Chat with Neil - July 16
Posted by: SnugTheJoiner on July 16, 2008 01:30PM

I took the opportunity to phone Neil this morning. We had a very nice chat for about 30 minutes. He was quite forthcoming with information about the health and direction of Spider Resources. It should be noted that the telephone number on the Spider Resources web page gets the caller to Billiken Management. Neil can be reached through the Noront Resources telephone number – 416-864-1456.

Some general facts. I will expand on them below in a discussion of his points.

General Facts

1) $4.8 million in the bank

2) No drilling on Freewest Option at this time

3) Ground geophysics being completed on Freewest Option in next two weeks

4) Burn Rate a) $450K per month when drilling b) $40K per month when not drilling

5) JV with UC Resources has not been signed but a “tri-party agreement” is in place which formalizes the “earn-in” relationship between SPQ-KWG and UC.

Discussion

1a) Neil Novak has a very good relationship with IBK. (Someone recently sent me a PM indicating that Mike White of IBK had bad-mouthed Richard Nemis of Noront Resources. I sensed no indication of this in my discussion with Neil. So the information I received was probably dis-information – basher tactic?)

Neil noted that it will be easy to get private placement money when he is ready. It is unfortunate he didn’t note at the AGM that IBK is probably the “institution” that wanted the reverse split. However, he told IBM that the shareholders did not want this action. He noted that he will probably have no problems in getting PP money anyway. **(Another note farther down on any future private placement.)

2a) There is no drilling on the Freewest Option at this time because Neil is awaiting the ground geophysics report. As noted in 1) above, there’s lots of money available for this continuing program.

In general terms, Neil made it very clear as to what he wants to with his drilling program. The chromite discovery on the Freewest Option is part of the ROFI (Ring of Fire Intrusion), which includes Noront’s E1 and E2. In Neil’s words, “it is fertile ground for metals.” The thicker chromite, which has been found, leads Neil to think in terms of finding a “Noront style conduit”. So he will be using the new geophysical data in an attempt to find a sulphide base within peridotite below the thick chromite (remember, 17 meters in places). But this will require some deep drilling. Once Neil has all of the necessary data, he will delineate the drill hole near the intrusion (which runs NE-SW).

3a) The ground geophysics is being completed as we speak. Neil noted that it will help to clarify the magnetics. He talked about the mathematics involved including “1st derivatives” which help define the instrusive gradient. One of the things the ground geophysics will help with is clearly defining this ROF intrusive, and then he will look for a “break” or breaks in the intrusive (I think he called them something like “blow holes”). These breaks might indicate a Noront like “feeder”.

4a) I think the burn rates are self explanatory. Spider Resources probably will go to the market in the Fall of 2008. ** I asked Neil about allowing private investors the opportunity to purchase SPQ shares from the PP. If a PP takes place, Neil will have what’s called a “President’s List”. It’s a list of private individuals who want to invest in Spider Resources without a brokerage fee. (Most likely it would be IBK.) I believe these shares are also called “flow through shares”.

5a) After my discussion with Neil about the JV with UC Resources, I feel more comfortable that things are on track. The assumption here is that UC Resources will spend the required amount of investment money over the next few years drilling up the McFaulds VMS’s. It is my understanding that Carmen Diaz, the securities lawyer for Spider Resources, has a very good handle on these negotiations. She is one smart cookie, by the sounds of it.

Final Thoughts

Neil has been asked by numerous companies to “help out”. The type of help probably ranges from becoming chief geologist to president, and everything in between. But Neil used the term “legacy”. I believe he is proud of his company and what he has “found” and accomplished to this point with Spider Resources. So he has some unfinished business with this company. He wants to succeed. So he has told people like Richard Nemis that he needs time to work with Spider Resources.

Neil Novak hinted at a couple of things. Remember, these are hints, NOT FACTS. He needs to make absolutely certain that the UC Resources JV is “lock-tight” and transparent. He also wants the Freewest Option drilling program to be successful – that’s why he is taking his time to gather and analyze the data.

The reason why he’s doing this. Hint #1 – Spider (and possibly other companies) won’t be around for ever. Hint #2 – Neil said “for example, let’s say Teck Cominco was interested” – they would want everything with regards to JV’s and percentages to be absolutely, absolutely clear.

Summation

So things are cooking. But patience will be required. Clearly some big mining corporations are kicking the tires, and awaiting more data. Neil Novak is looking to maximize his legacy.

Snug

[mike32]

http://www.agoracom.com/ir/Spider/messages/889841#message

NEWS
Posted by: Blackfly6 on July 21, 2008 11:09AM

Breaking News

Spider Resources Inc.: Drilling Resumes on Nickel Chrome Prospect 3.5 km North-East of the Noront Nickel Discovery, McFaulds Lake Area, Northern Ontario



11:00 EDT Monday, July 21, 2008

TORONTO, ONTARIO--(Marketwire - July 21, 2008) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN SECURITIES LAW, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN.

Spider Resources Inc. (TSX VENTURE:SPQ) "Spider" and KWG Resources Inc. (TSX VENTURE:KWG) "KWG" and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" jointly announce that diamond drilling resumed on July 17th on their jointly owned Freewest Option property (the "Property") located in Ontario's James Bay Lowlands. Spider and KWG are funding this project as per a tri-party joint venture agreement with Freewest.
The current drill program is designed to delineate the layered chrome occurrence discovered by Spider and KWG in 2006 in a portion of a mafic / ultramafic intrusive body who's magnetic signature and structure has been designated as the Ring of Fire Intrusive ("RFI") and which hosts the Eagle One and the Eagle Two Nickel Copper PGM occurrences of Noront as well as Noront's newly discovered Blackbird One chrome occurrence announced on May 27, 2008 (drill hole # NOT-08-1G17 includes 49.4 meters averaging 39.1% Cr2O3 (27.4% Cr) including anomalous nickel and palladium).

The focus of the Spider-KWG drill program will be to further evaluate this Cr-PGE-Ni occurrence, exploring it to greater depths and along strike and to continue the testing of several of the other anomalies on the property. The current drilling is approximately 3.5 kilometres northeast of Noront Resources Ltd.'s ("Noront") Eagle One discovery where Noront recently announced (July 4, 2008) an indicated resource of 1.83 million tonnes with an average grade of 1.96% nickel, 1.18% copper, 1.12 g/t Pt, 3.91 g/t Pd, as well as an inferred resource of 1.09 million tonnes with an average grade of 2.39% nickel, 1.27% copper, 1.37 g/t Pt and 4.5 g/t Pd. The drilling is also located approximately 15 kilometres southwest of the McFaulds Lake volcanogenic massive sulphide ("VMS") occurrences where Spider, KWG and UC Resources Ltd. ("UC") announced an indicated resource of 802,000 tonnes with an average grade of 3.75% copper and 1.1% zinc at their jointly owned McFaulds #3 deposit, (see press release dated 15 July 2008).

As announced earlier by Spider KWG and Freewest (June 11, 2008) massive chromitite layers were encountered in hole FW-08-07 (Cr2O3 grades as high as 30.73% over 14.4 metres) in an altered peridotite sill interpreted to be part of the RFI, Other layers located within this Intrusive-complex show enrichment in precious metals as high as 2.183 g/t (Pt + Pd + Au) over 9.0 metres and Nickel up to 0.21% Nickel over 3.6 meters. For additional drill-hole results see our press releases of May 2, 2008 and June 29, 2006.

In light of a regional exploration review and discussions with neighbouring explorers, there is a consensus of opinion that the top of this chromitite layered complex contained in the RFI is likely to the South East, with bottom being towards the North West. Interpretation of the drilling within this portion of the RFI suggests thickening of the chromitite layers to depth (as seen in Noront's Black Bird drilling) and to the northeast.

Chromitite (rock composed mostly of chromite) layers have been intersected in holes FW-06-03, FW-08-05, FW-08-06 and FW-08-07. The chromitite layers now appear to occur as steeply dipping stratiform layers with down dip extent of at least 200 metres and strike length of at least 200 metres (lines 9+00E and 11+00E on the local grid). The chromitite layers vary from narrow seams, a few centimetres thick to massive beds of chromitite greater than 14 metres in drilled thickness (not true width).

Chromitite layers typically accumulate in horizontal layers near the top of peridotite sills and are positioned either laterally to and or above magmatic massive sulphide (Ni-Cu) accumulations with respect to the feeder zone. Several additional weakly mineralized (Ni-Cu) chromite enriched layers have also been noted in the peridotite below the massive chromitite layers encountered in holes 3, 5, 6 and 7. With several intersections of massive chromitite encountered in the earlier drilling, and those anticipated in the current drilling, the drill results can be accurately modelled three dimensionally and analyzed to determine section to section, as well as, hole to hole continuity. Lithogeochemical analysis will also be undertaken in order to join up the various chromitite layers to determine continuity of these potentially economic layers.

The current drill program will in part infill the area between Section 10NE (Holes 3 and 5) as well as 11NE (Hole 7) and 12NE on 50 metre centers. In order to understand more fully the chemical characteristics of the occurrence and how this impacts chrome valuation. Whole rock analysis of the chrome enriched core must also be undertaken to determine silicate, sulphur and iron content, as these elements affect value of the rock.

Results of ground geophysical surveying coupled with various airborne surveys will be used to design additional drilling on this occurrence as well as testing other anomalies on the rest of the property where we hope to duplicate the success in locating accumulations of Nickel and Copper in the interpreted floor of the RFI sill complex.

SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected by Howard Lahti Ph.D., P.Geo, of Fredericton New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp. The split samples were placed into individual plastic bags, clearly labelled and tagged and then sealed in rice bags where a numbered seal lock was closed by Dr. Lahti. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory's (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab's system for preparation, processing and analyzing. After initial processing at the Thunder Bay facility of ActLab the samples were shipped via lab - lab bonded courier to ActLab's main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using four acid digestion followed by Inductively Coupled Plasma analysis (TD-ICP). Where overlimits in nickel and copper are encountered in the first pass, Optical Emission Spectrometry (ICP-OES) is used to provide the overlimit results, as well as Fire Assay Inductively Coupled Plasma (FA-ICP) for gold, platinum and palladium. Additional analysis using Instrumental Neutron Activation Analysis (INAA) was completed for all samples for their respective chrome grades in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.

This press release has been prepared by management of Spider Resources Inc., which is the Operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and a Qualified Person as such term is defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 310,311,767 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom. This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

FOR FURTHER INFORMATION PLEASE CONTACT:

Spider Resources Inc.
Toronto Head Office

[phone]


Website: www.spiderresources.com

[mike32]

http://www.agoracom.com/ir/Spider/messages/895299#message

why SPQ/KWG are undervalu
Posted by: bernardho on July 26, 2008 08:56PM
In response to: Re: SPQ Press Releases by kelsee

SPQ 6 cents x 300 million= 18 million

KWG /SPQ are the only two companies that had hit some good assays results (even though it is not very significant yet )in mcfauld lake...

they may be situated within the ROF with many conduits underneath..

they are using almost the same team of experts /contractors with Noront.

SPQ /NOT has NN , the same persom that discovered the area

NN has good relationship with the First Nation

SPQ/KWG has a vast area with highest potentials after Noront

with time,they are the best candidates to be a buyout by Noront

the directors are fair to investors...their option is 10 cents /share

SPQ has 4.5 million ,since the cost of drillings are shared by FWR,KWG,UC ...Spq can substain drillings for at least another year..( 450,000/month when drill)

Hope this time .with VTEM technology, we either hit NI or CR with an economical scale

going back to 18 cents or 3 times from 6 cents is not far away..

gruss mike

[hbg55]

Spider, KWG, Freewest drill 45.6 m of massive chromite

2008-08-19 16:42 ET - News Release

Also News Release (C-FWR) Freewest Resources Canada Inc
Also News Release (C-KWG) KWG Resources Inc (2)

Mr. Neil Novak of Spider Resources reports

SPIDER, KWG AND FREEWEST INTERSECT 45.6 METRES OF MASSIVE CHROMITE IN CONTINUING DRILLING PROGRAM AT MCFAULDS PROJECT, ONTARIO

Spider Resources Inc., KWG Resources Inc. and Freewest Resources Canada Inc. have completed four more diamond drill holes on the current drill program financed by the Spider-KWG joint venture on the Freewest option. The drilling program on the Freewest option property is located approximately 3.6 kilometres northeast of Noront Resources Ltd.'s Eagle One magmatic massive sulphide (nickel copper and PGM) and five kilometres northeast of Noront's Blackbird One and Two (chromite) discoveries. Although assay results for these recent drill-holes are pending, the company has advised that the previously postulated thickening of the chromite layers has been confirmed.

Highlights include:

* Recently completed drilling indicates a thickening of chromite beds of up to 45.6 metres.
* Further drilling is required with the goal of completing a National Instrument 43-101-compliant mineral resource for chromite on the property.

As reported in Stockwatch news on June 11, 2008, May 2, 2008, and June 29, 2006, the drilling results from the massive chromitite layers discovered in a peridotite sill encountered in drill-holes FW-06-03 (34.5 per cent Cr2O3 over 1.03 metres), hole FW-08-05 (35.6 per cent Cr2O3 over 7.5 metres), hole FW-08-06 (multiple intercepts like 7.15 per cent Cr2O3 over 7.5 metres and 9.73 per cent Cr2O3 over 6.9 metres) and hole FW-08-07 (30.73 per cent Cr2O3 over 14.4 metres). In addition to the chrome, elevated platinum, palladium and gold have been detected (2.183 grams per tonne Pt, Pd and Au over nine metres). Due to the early stage of exploration, true width of the chromitite intersections are unknown.

The current program has demonstrated that the massive chromitite beds or lenses intersected in these earlier drill holes are increasing in their apparent thickness with successive step-out holes to the northeast (down the apparent dip of the peridotite sill complex) as summarized in the table.

Hole ID From (m) To (m) Interval (m) Brief description

FW-08-12 208.3 210.1 1.8 Semi-massive to
massive chromite
228.25 237.9 9.6 Semi-massive to
massive chromite
237.9 240.6 2.7 Massive chromite
240.6 248.5 8.3 Minor chromite
252.25 260.7 8.4 Massive chromite
(lower fault contact)
FW-08-13 78.4 82.3 3.9 Massive chromite
82.3 85.2 2.9 Semi-massive chromite
90.25 102 11.75 Massive chromite
102 109.8 7.8 Semi-massive chromite
109.8 111 1.2 Massive chromite
111 117 6.0 Semi-massive chromite
117 142.1 25.1 Massive chromite
FW-08-14 36.2 81.8 45.6 Massive chromite
82.3 103.5 21.2 Semi-massive chromite
FW-08-15 160 164.1 4.1 Fault zone, with
massive chromite present
as fragments in the
Fault zone
164.1 171.3 7.2 Massive chromite --------

The intersections contained in the table include comments on visual descriptions of mineralized intercepts. There are no guarantees that assay results will support or confirm these visual results, as assays are pending. While the true width of the many chromitite beds remains unknown, primarily due to the fact that the chrome-enriched bodies' limits are undefined as to depth, length or attitude, the chromitite beds appear to be present in distinct cycles consisting of "couplets" of semi-massive (thin centimetre-thick bands of chromite sandwiched between barren sections of the peridotite host rock with or without sections of containing only disseminated chromite) of varying thickness. This "graded" sequence transitions to or grades downward into the massive chromitite (more-than-a-metre-thick) beds. The lower massive chromitite beds in several holes were terminated by faults that may have displaced part of the massive bed or lenses and the semi-massive couplet. This faulting may have also caused some "stacking" or repetition of the chromitite bed sequence.

Drill hole FW-08-12 intersected two (and possibly three) distinctly massive beds or zones of numerous thin beds of chromitite separated by bands of the host rock. This drill hole is a 50-metre step-out to the northeast from drill hole FW-08-07 where 30.73 per cent Cr2O3 over 14.4 metres, previously reported.

Drill hole FW-08-13 intersected two distinctly massive beds or zones of numerous thin beds of chromitite separated by bands of the host rock. This drill hole is a 50-metre step-out to the south (grid) from drill hole FW-08-07.

Drill hole FW-08-14 intersected one distinctly massive bed or zone of numerous thin beds of chromitite separated by bands of the host rock. This drill hole is a 50-metre step-out to the north (grid north) form drill hole FW-08-07.

Drill hole FW-08-15 has been collared 50 metres grid north of drill hole FW-08-07 to undercut FW-08-14 and parallel FW-08-12. Only one massive chromitite bed was encountered in this drill hole, and its top and the thinly bedded semi-massive appears to have been displaced by a fault.

Drilling to date has demonstrated that the massive chromitite beds cover an area of 150 metres by 200 metres, and this occurrence is open on strike to the northeast, southwest and down dip.

The joint venture partners are encouraged by the apparent thickening of the massive chromitite beds to the northeast, with the potential for grade and tonnage development in addition to the significant presence of gold and platinum. The partners are now considering additional drilling as required for resource definition drilling.

Internal research by management of the joint venture, on chrome, suggests that the chromitite occurrences encountered in the drill holes on the Freewest option are, from a geological perspective, similar to those encountered in the Bird River sill located in Manitoba or Outokumpu's Kemi chrome mine in northern Finland. At the Kemi mine up to 11 chromite beds or lenses are found 50 to 200 metres above the base of a pre-Cambrian-aged mafic to ultramafic sill-like intrusion. These chromite lenses are found over an area 4.5 kilometres long and are five to 105 metres wide and up to 40 metres thick. The initial resource reported by Outokumpu was 150 million tons grading 28.6 per cent Cr2O3, and in 1999 the U.S. government estimated that the Kemi deposit contained "70 million metric tons (Mt) of proven and probable reserves and additional resources of about 150 Mt" (Metal Bulletin, 1999a). These estimates were prepared prior to the implementation of National Instrument 43-101 standards for reporting resources and reserves, but are offered to demonstrate the relatively large size potential size of this style of mineralization, and although the joint venture results to date are encouraging, considerably more drilling is required.

This press release has been prepared by management of Spider Resources, which is the operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak, PGeo, president of Spider and a qualified person as such term as defined under National Instrument 43-101, who has reviewed and verified the technical information contained in this press release and has approved the contents of this press release.

We seek Safe Harbor.

[hbg55]

Antwort auf Beitrag Nr.: 34.819.382 von hbg55 am 22.08.08 23:11:31

.....gehts mit dieser NEWS jetzt weiter UPPP ???

letzte woche sahen wir bei schönem vol. den langersehnten ruck und
schlossen mit cad 0,075 auf TH




Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers


15:58:33 V 0.075 +0.01 8,000 7 TD Sec 7 TD Sec K
15:58:33 V 0.075 +0.01 22,000 7 TD Sec 7 TD Sec K
14:55:14 V 0.075 +0.01 1,000 88 E-TRADE 88 E-TRADE K
14:32:33 V 0.075 +0.01 3,000 36 Latimer 88 E-TRADE K
14:30:05 V 0.07 +0.005 2,000 7 TD Sec 7 TD Sec K
14:30:05 V 0.07 +0.005 4,000 7 TD Sec 7 TD Sec K
14:30:05 V 0.07 +0.005 22,000 7 TD Sec 7 TD Sec K
14:26:31 V 0.07 +0.005 7,000 9 BMO Nesbitt 9 BMO Nesbitt K
14:26:31 V 0.07 +0.005 3,000 19 Desjardins 9 BMO Nesbitt K
14:14:43 V 0.075 +0.01 10,000 7 TD Sec 88 E-TRADE K

[franz991]

Insiderkauf:

Oct 31/08 Oct 23/08 Novak, Neil Indirect Ownership Common Shares 10 - Acquisition in the public market 250,000 $0.035

[franz991]

News: High-Grade Chromite Intersections Continue - FWR - SPQ
posted on Dec 15, 08 10:48AM

News: High-Grade Chromite Intersections Continue
posted on Dec 15, 08 10:43AM
Spider Resources Inc.

TSX VENTURE: SPQ



Dec 15, 2008 10:30 ET


Spider Resources Inc.: High-Grade Chromite Intersections Continue to Outline Big Daddy Chromite Deposit James Bay Lowlands of Ontario

HIGHLIGHTS

- HOLE FW-08-18 ENCOUNTERS 37.5% Cr2O3 OVER 32.0 METERS, HOLE FW-08-19 UNDERCUTS 18 AND ENCOUNTERS 37.2% Cr2O3 OVER 46.5 METRES

- HOLE FW-08-19 INTERSECTS 3.8 METRES OF PGE MINERALIZATION AVERAGING 2.15 g/t PLATINUM AND 2.86 g/t PALLADIUM, SANDWICHED BETWEEN MASSIVE CHROMITE LAYERS.

- MASSIVE CHROMITE BED(S) ENCOUNTERED OVER STRIKE LENGTH OF 400 METRES, OPEN IN ALL DIRECTIONS

- NEW NICKEL SULPHIDE ZONE DETECTED IN ANOMALY 1200 METRES TO THE NW OF BIG DADDY


TORONTO, ONTARIO--(Marketwire - Dec. 15, 2008) -

NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Spider Resources Inc. (TSX VENTURE:SPQ) "Spider", KWG Resources Inc. (TSX VENTURE:KWG) "KWG", and Freewest Resources Canada Inc. (TSX VENTURE:FWR) "Freewest" announce the receipt of additional assays after completing a very successful drilling program prior to the fall "freeze-up" period in Northern Ontario.

Since June, the main exploration focus of the Spider-KWG Joint venture has been on the massive chromite occurrence that was first discovered on the Freewest Option property in March of 2006. As a result of the recent drilling completed and the recent results announced October 21, 2008, the occurrence is now referred to as the "Big Daddy Chromite Deposit".


This deposit is located approximately 3.6 kilometers northeast of Noront Resources Ltd's ("Noront") Eagle One Magmatic Massive Sulphide (Nickel Copper and PGM), or five 5 kilometers northeast of Noront's Blackbird One and Two (Chromite) discoveries, and 4 kilometers southwest of Freewest's Black Thor Chromite discoveries.

The 5 drill hole results presented below, together with those previously announced by the Joint Venture on October 21, 2008, in addition to the recent drill results from Noront's Blackbird #1 and #2 chromite occurrences and those of Freewest's Black Thor Chromite discovery, could collectively represent the most significant chromite discovery ever made in North America. The magnitude of these new chromite discoveries has yet to be fully evaluated, however the fact that the occurrences are in the same peridotite body and are found over a strike length of 14 kilometers infers that the McFaulds Lake Chromite deposit(s) could be significantly large, perhaps comparable to some of the largest and richest chromite deposits in the world.

As previously announced, diamond drilling by the Spider/KWG JV on the Freewest Option property has identified a northeast trending zone of continuous chromite mineralization that extends from local grid line 9+00 meters NE to 13+00 metres NE along a strike length of 400 metres. The mineralized zone dips towards the NW at about 70 degrees and consists of varying widths of a variable tenor, in many instances high tenor of chrome, forming a series of stacked lenses. Additional infill drilling will be required to confirm continuity of the lenses from section to section.

The deposit remains open to depth as well as along strike in both directions. In addition, drilling to confirm the upward extension of the mineralization to surface has not been completed. All drill and assay results are being added to a 3-D Gemcom model to visualize the chromite body. A number of faults were noted from the drilling, some of which occur at the contact of the chromite with the surrounding peridotite/dunite; these fault sets are also being modeled as they also affect the interpretation and continuity of the mineralization from section to section.

ASSAY DATA RECENTLY RECEIVED FOR BIG DADDY

Analytical results have recently been received for five holes drilled earlier this past summer and early fall: FW-08-15, FW-08-18 and FW-08-19, FW-08-20 and FW-08-21. Each of these holes intersected massive chromite as previously announced (October 21, 2008). The following table (Table 1) provides details of assays received from the five holes not previously reported.



Table 1: Recently received analysis



------------------------------------...
from
Hole ID (m) to (m) int (m) Cr2O3% Cr% Fe%
------------------------------------...
FW-08-15 73.5 81.0 7.5 NA NA NA
------------------------------------...
followed by 81.0 173.8 92.8 12.20 8.30 10.60
------------------------------------...
then 159.2 171.3 12.1 32.2 22.00 18.60
------------------------------------...
then 173.8 179.1 5.3 NA NA NA
------------------------------------...

------------------------------------...
FW-08-18 18.0 33.0 15.0 6.26 4.28 9.68
------------------------------------...
FW-08-18 67.5 138.0 70.5 24.89 17.02 13.02
------------------------------------...
incl. 106.0 138.0 32.0 37.47 25.63 15.68
------------------------------------...



------------------------------------...
FW-08-19 141.0 161.95 20.95 12.04 8.23 10.13
------------------------------------...
including 141.5 144.1 2.6 31.32 21.40 13.79
------------------------------------...
then 161.95 183.0 21.05 NA NA NA
------------------------------------...
including 167.2 171.0 3.8 NA NA NA
------------------------------------...
then 183.0 229.5 46.5 37.18 25.44 15.30
------------------------------------...



------------------------------------...
FW-08-20 261.0 336.95 75.95 23.25 15.90 11.32
------------------------------------...
including 304.3 336.95 32.65 39.56 27.06 14.37
------------------------------------...
------------------------------------...
FW-08-21 259.45 282.0 22.55 1.29 0.88 6.38
------------------------------------...
then 313.45 318.9 5.45 0.75 0.51 1.90
------------------------------------...
followed by 318.9 320.95 2.05 17.47 11.93 12.3
------------------------------------...
then 360.0 417.0 57.0 17.52 11.98 11.64
------------------------------------...
including 376.0 385.8 9.8 31.90 21.84 18.29
------------------------------------...
also
including 406.2 417.0 10.8 39.22 26.81 17.53
------------------------------------...



------------------------------------...
Hole ID Cr:Fe Ni% Pt(g/t) Pd(g/t) Au(g/t) TPM
------------------------------------...
FW-08-15 NA 0.16 0.25 1.23 0.01 1.49
------------------------------------...
followed by 0.78 0.14 0.12 0.21 0.00 0.33
------------------------------------...
then 1.18 0.11 0.19 0.23 0.01 0.43
------------------------------------...
then NA 0.30 0.73 1.63 0.14 2.50
------------------------------------...

------------------------------------...
FW-08-18 0.44 0.14 0.05 0.04 0.01 0.10
------------------------------------...
FW-08-18 1.31 0.13 0.10 0.11 0.00 0.21
------------------------------------...
incl. 1.63 0.11 0.09 0.06 0.00 0.15
------------------------------------...



------------------------------------...
FW-08-19 0.81 0.15 0.12 0.14 0.01 0.27
------------------------------------...
including 1.55 0.13 0.20 0.22 0.02 0.44
------------------------------------...
then NA 0.10 0.73 0.95 0.05 1.73
------------------------------------...
including NA 0.14 2.15 2.86 0.17 5.18
------------------------------------...
then 1.66 0.11 0.21 0.19 0.00 0.40
------------------------------------...



------------------------------------...
FW-08-20 1.40 0.13 0.15 0.14 0.01 0.30
------------------------------------...
including 1.88 0.11 0.22 0.17 0.01 0.40
------------------------------------...
------------------------------------...
FW-08-21 0.14 0.30 0.07 0.14 0.00 0.21
------------------------------------...
then 0.27 0.12 0.27 0.44 0.01 0.72
------------------------------------...
followed by 0.97 0.45 0.13 0.26 0.00 0.39
------------------------------------...
then 1.03 0.14 0.11 0.14 0.11 0.36
------------------------------------...
including 1.19 0.08 0.12 0.07 0.00 0.19
------------------------------------...
also
including 1.53 0.11 0.16 0.11 0.56 0.83
------------------------------------...

NA refers to not assayed.



The above tabulation of drill intercepts and assay results are core lengths only, and do not represent true width for the mineralized zones. Additional drilling is required to determine true widths.

Drilling took place with reference to a local grid, labeled Grid J. The drills were set to drill grid south 150 degrees in each instance, and the initial dip of each hole was set at -50 degrees. Table 2 provides drill collar co-ordinates for these five holes, as well as other holes previously drilled (and reported upon) on the Big Daddy Chrome occurrence, all azimuth directions are true North readings. The UTM spheroid used for determining location was NAD 83 Zone 16, both UTM and local grid co-ordinates are given.



Table 2 Drill hole Locations



------------------------------------...
Local Local Incli-
Hole ID UTM UTM Grid Grid Azimuth nation Length
------------------------------------...
Easting Northing Easting Northing degrees degrees (m)
(m) (m) (m) (m)
------------------------------------...




------------------------------------...
FW-06-03 551087 5845306 10+00 E 15+25 N 150 degrees -50 degrees 353.5
------------------------------------...
FW-08-05 551050 5845367 L10+00E 16+00N 150 degrees -50 degrees 327
------------------------------------...
FW-08-06 550959 5845324 L9+00E 16+00N 150 degrees -50 degrees 384
------------------------------------...
FW-08-07 551136 5845427 L11+00E 16+00N 150 degrees -50 degrees 405.7
------------------------------------...
FW-08-12 551111 5845472 L11+00E 16+00N 150 degrees -50 degrees 354
------------------------------------...
FW-08-13 551164 5845384 L11+00E 15+50N 150 degrees -50 degrees 297
------------------------------------...
FW-08-14 551180 5845451 L11+50E 16+00N 150 degrees -50 degrees 189
------------------------------------...
FW-08-15 551158 5845494 11+50E 16+50N 150 degrees -50 degrees 240
------------------------------------...
FW-08-18 551192 5845511 12+00E 16+50N 150 degrees -50 degrees 255
------------------------------------...
FW-08-19 551168 5845554 12+00E 17+00N 150 degrees -50 degrees 273
------------------------------------...
FW-08-20 551134 5845599 12+00E 17+50N 150 degrees -50 degrees 357
------------------------------------...
FW-08-21 551118 5845650 12+00E 18+00N 150 degrees -50 degrees 447
------------------------------------...




Hole FW-08-15 on local grid section L11+50E intersected a length of platinum and palladium mineralization, where the Total Precious Metals (TPM) averaged 1.49 g/t (gram/tonne) over 7.5 meters, followed by a 92.8 meter section of semi-massive chromite that averaged 12.3% Cr2O3, including a 12.1 meter section of massive chromite with an average of 33.1% Cr2O3 followed by a 5.3 meter section of peridotite that averaged 2.5 g/t TPM. The higher grade chromite beds had a moderate Cr:Fe ratio of 1.18.

Hole FW-08-18 on local grid section L12+00E intersected a weakly mineralized chrome section over 15.0 meters containing an average of 6.3% Cr2O3, followed by a much better mineralized section further down the hole over where a 70.5 meter zone of semi-massive to massive chromite averaged 24.9% Cr2O3 including a section of 32 meters containing 37.5% Cr2O3. The latter intercept has a very favourable Cr:Fe ratio of 1.63.

Hole FW-08-19 on local grid section L12+00E intersected a weakly mineralized chrome section that over 21 metres averaged 12.04% Cr2O3 including a short higher grade section that averaged 31.32% Cr2O3 over 2.6 metres. The higher grade interval has a favorable Cr:Fe ratio of 1.55. This section was followed by a relatively enriched section of platinum group metals sandwiched between two chrome layers that averaged 1.69 g/t TPM over 21 meters including 3.8 metres that averaged 5.18 g/t TPM (2.15g/t Pt, 2.86 g/t Pd and 0.17 g/t Au). This was followed by a thick high grade chrome bed that averages 37.18% Cr2O3 over 46.5 metres with a Cr:Fe ratio of 1.66.

Hole FW-08-20 on local grid section L12+00E intersected a moderately mineralized chrome section over 76.0 meters containing an average of 23.25% Cr2O3, including a section of 32.7 meters containing 39.56% Cr2O3. The latter intercept has a very favourable Cr:Fe ratio of 1.88.

Hole FW-08-21 on local grid section L12+00E intersected a very weakly mineralized chrome section that over 22.5 metres averaged 1.29% Cr2O3, as well as 0.30% Nickel. This was followed by a 5.5 metre section that averaged 0.75 g/t TPM, followed by 2.1 meters averaging 17.47% Cr2O3. A third chromite bed was encountered further down the hole, that over 57 metres averaged 17.52% Cr2O3 including 9.8 metres that averaged 31.9% Cr2O3, as well as another higher grade interval that averaged 39.22% Cr2O3 over 10.8 metres. This latter interval contained 0.83 g/t TPM as well and has a favorable Cr:Fe ratio of 1.53.

PENDING ASSAY RESULTS

The following table (Table 3) summarizes the intersections of the last two holes completed on the project just prior to the shutdown for winter freeze up, These two holes were designed to test the continuity of mineralization at a 100 meter stepout interval towards the northeast on local grid section 13+00 NE. Massive Chromite was intersected in both of these holes confirming chrome mineralization extending to the northeast. The following table provides visual descriptions of the core as noted by site geologists and recorded in the drill logs. These are visuals only - assays are pending on these two holes. Once all assays are received, downhole assay grade intervals will be released along with hole collar locations on the local and UTM grid for these as well as earlier holes where collar locations have not yet been reported.



Table 3 Recent drill results, observed mineralization, assays pending



------------------------------------...
initial from
Hole ID dip (m) to (m) Int. (m) Visual observations
------------------------------------...




FW-08-22 -50 deg 250 256 6 Disseminated Chromite
------------------------------------...
256 263.6 7.6 Semi Massive Chromite
------------------------------------...
263.6 298.8 35.2 Massive Chromite
------------------------------------...




FW-08-23 -50 deg 265 269.7 4.7 Disseminated Chromite
------------------------------------...
332.3 378 45.7 Massive Chromite
------------------------------------...




The widths of the chromite beds stated in Table 3 are drilled intercepts only, not true thickness. True thickness will be determined once additional drilling is completed and the deposit is modeled. The main massive chromite bed appears to be continuously mineralized over an apparent thickness of 35 to 45 meters on this section. Notwithstanding the foregoing, visual observations are estimates only and pending assay results may not confirm visual observances in whole or in part.

ADDITIONAL ANOMALY TESTING RESULTS

Two additional drill holes were drilled into a magnetic anomaly located 1.2 kilometres to the NW of the Big Daddy chromite occurrence, near the northwestern corner of the option property. The holes were set up at the same collar location of 550875mE at 5846305mN (UTM co-ordinates). The first was inclined at -50 degrees, the second at -65 degrees, and both were drilled at an azimuth of 315 degrees. The anomaly consisted of a strong magnetic and subtle electromagnetic conductivity response. A sulfide zone within the geophysically rendered NW trending Banded Iron Formation ("BIF"), was intersected returning the following results (Table 4).


------------------------------------...
from
Hole ID (m) to (m) int (m) Cu% Ni%
------------------------------------...
FW-08-16 138.0 139.0 1.0 0.93 2.04
------------------------------------...
FW-08-17 146.5 148.0 1.5 0.12 0.01
------------------------------------...




The assay results infer an enrichment in base metals in the BIF, particularly in hole FW-08-16 where 1.0 metre returned an assay of 0.93% Copper and 2.04% Nickel. The significance of this intersection needs to be further investigated.

CURRENT PROGRAM

Spider recently announced the completion of the first tranche financing totaling $235,000. Proceeds from this financing are currently being utilized to prepare the project for the next round of exploration, that includes: line cutting (re-establishing a 2004 drill grid - the J grid - as well as extensions thereto), ground geophysical surveying (including magnetic gradiometer and gravimetric surveying), re-logging of core to standardize lithological units, infill sampling of zones of weaker chromite mineralization. All are needed to prepare a NI-43-101 technical report on the project. The preparation of this NI 43-101 report was recently awarded to Micon International Ltd. a world recognized consulting firm, with expertise in chromite deposits.

SAMPLE PROTOCOL, SECURITY, ANALYSES

All drill holes were logged and samples referred to herein were completed and selected under the supervision of Howard Lahti Ph.D., P.Geo, of Fredericton, New Brunswick. The samples were sawn in half, with half of the core retained for further work and/or storage at the main base camp at McFaulds Lake. The split samples were placed into individual plastic bags, clearly labeled and tagged and then sealed in rice bags where a numbered seal lock was applied. The sealed rice bags were placed in plastic sealed pails and shipped via bonded carrier to Activation Laboratory's (ActLab) new facility in Thunder Bay, Ontario. The samples were then entered into ActLab's system for preparation, processing and analyzing. After initial processing at the Thunder Bay facility of ActLab the samples were shipped via lab - lab bonded courier to ActLab's main laboratory in Ancaster, Ontario. The samples all underwent multi-element analysis using four acid digestion followed by Inductively Coupled Plasma analysis (TD-ICP). Where over-limits in nickel and copper are encountered in the first pass, Optical Emission Spectrometry (ICP-OES) is used to provide the over-limit results, while Fire Assay Inductively Coupled Plasma (FA-ICP) is used for over limits in gold, platinum and palladium. Additional analyses using Instrumental Neutron Activation Analysis (INAA) were completed for all samples for their chrome contents in excess of 1% chrome. For more information on these analytical techniques please refer to Activation Laboratory website www.actlabs.com.

ABOUT SPIDER

This press release has been prepared by management of Spider Resources Inc., which is the operator of the joint venture with KWG during 2008, and has been approved for dissemination by Neil Novak P.Geo, President of Spider and James G. Burns, P.Eng. Vice President Exploration for Spider, both being Qualified Persons as such term as defined under National Instrument 43-101, who have reviewed and verified the technical information contained in this press release and have approved the contents of this press release. Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 315,011,767 shares issued in Spider.

On behalf of the board of directors,

Neil Novak, President and CEO

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.

This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.

For more information, please contact

Spider Resources Inc.
Neil Novak
President and CEO
[phone]
Website: www.spiderresources.com

[Fantomas96]

Antwort auf Beitrag Nr.: 36.207.673 von franz991 am 15.12.08 17:03:34

Neben den Chrom-Werten auch endlich wieder mal Platingruppen-Metalle und Nickel !


FW-08-16 where 1.0 metre returned an assay of 0.93% Copper and 2.04% Nickel.


Hole FW-08-15 on local grid section L11+50E intersected a length of platinum and palladium mineralization, where the Total Precious Metals (TPM) averaged 1.49 g/t (gram/tonne) over 7.5 meters, followed by a 92.8 meter section of semi-massive chromite that averaged 12.3% Cr2O3, including a 12.1 meter section of massive chromite with an average of 33.1% Cr2O3 followed by a 5.3 meter section of peridotite that averaged 2.5 g/t TPM. The higher grade chromite beds had a moderate Cr:Fe ratio of 1.18.

Hole FW-08-18 on local grid section L12+00E intersected a weakly mineralized chrome section over 15.0 meters containing an average of 6.3% Cr2O3, followed by a much better mineralized section further down the hole over where a 70.5 meter zone of semi-massive to massive chromite averaged 24.9% Cr2O3 including a section of 32 meters containing 37.5% Cr2O3. The latter intercept has a very favourable Cr:Fe ratio of 1.63.

Hole FW-08-19 on local grid section L12+00E intersected a weakly mineralized chrome section that over 21 metres averaged 12.04% Cr2O3 including a short higher grade section that averaged 31.32% Cr2O3 over 2.6 metres. The higher grade interval has a favorable Cr:Fe ratio of 1.55. This section was followed by a relatively enriched section of platinum group metals sandwiched between two chrome layers that averaged 1.69 g/t TPM over 21 meters including 3.8 metres that averaged 5.18 g/t TPM (2.15g/t Pt, 2.86 g/t Pd and 0.17 g/t Au). This was followed by a thick high grade chrome bed that averages 37.18% Cr2O3 over 46.5 metres with a Cr:Fe ratio of 1.66.

Hole FW-08-20 on local grid section L12+00E intersected a moderately mineralized chrome section over 76.0 meters containing an average of 23.25% Cr2O3, including a section of 32.7 meters containing 39.56% Cr2O3. The latter intercept has a very favourable Cr:Fe ratio of 1.88.

Hole FW-08-21 on local grid section L12+00E intersected a very weakly mineralized chrome section that over 22.5 metres averaged 1.29% Cr2O3, as well as 0.30% Nickel. This was followed by a 5.5 metre section that averaged 0.75 g/t TPM, followed by 2.1 meters averaging 17.47% Cr2O3. A third chromite bed was encountered further down the hole, that over 57 metres averaged 17.52% Cr2O3 including 9.8 metres that averaged 31.9% Cr2O3, as well as another higher grade interval that averaged 39.22% Cr2O3 over 10.8 metres. This latter interval contained 0.83 g/t TPM as well and has a favorable Cr:Fe ratio of 1.53.



Der Kreis (von Prof. Mungall) schließt sich, im wahrsten Sinne des Wortes !

FANTOMAS

[brocklesnar]

hallo

wollte heute bei noront wieder einsteigen und überlege hier das gleiche zu tun?

ist spider gleich zu setzen mit noront?

Spider ist ja auch ziemlich runtergeprügelt wurden

danke

[KNORPEL]

[Fantomas96]

Startschuß für Major im RoF:

Cliffs Natural Resources erwirbt Anteile an RoF-Chrom durch Anteilserwerb an KWG und damit dem KWG/SPQ/FWR- JV:


http://www.kwgresources.com/news/index.php?&content_id=174


Hierbei wird eindeutig die konkrete Investment-Absicht aufgrund des Chromes erwähnt:

"KWG indicated that Cliffs has expressed interest in KWG’s potential claims to ferro chrome deposits and that the Option Agreement provides that Cliffs will not participate in any distribution by KWG of the equity of Debuts Diamonds Inc."

==================================================================

Das US-Bergbauunternehmen Cleveland-Cliffs hat im Juli 2008 den Konkurrenten Alpha Natural Resources für etwa zehn Mrd. Dollar in bar und Aktien übernommen und firmiert seitdem unter dem Namen Cliffs Natural Resources. Mit der Übernahme hat der Konzern sein Kohlegeschäft deutlich ausgebaut und ist der größte Produzent von Eisenerz-Pellets in Nordamerika.

http://www.b2i.us/profiles/investor/fullpage.asp?f=1&BzID=10…


Damit ist es nun offiziell: die Chrom-Funde im RoF werden nun strategisch durch Majors besetzt !

Und das ist m.E. der Startschuss für weitere Aktivitäten, die die Preise der entsprechenden Player wieder voranbringen sollten !

Mein Favorit ist allerdings weiterhin Nickel im RoF, doch Chrom scheint nun tatsächlich auch in den Vordergrund zu rücken !

[Fantomas96]

Wer sich mal Black Thor und Big Daddy "von unten" angucken will (und auch die anderen Bohrungen im McFauld´s Gebiet), sollte sich zuerst Google Sketchup 7 runterladen und installieren und danach die Super-Arbeit von Helium hier downloaden:

McFauld´s Underground 3D


http://www.freedrive.com/file/686493


Es ist echt beeindruckend, was Helium hier an Arbeit reingesteckt hat und trägt viel zum Verständnis über die Vorkommen im Gebiet bei.

Hier mal ein paar Eindrücke:
















Also, unbedingt installieren und viel Spaß beim "Erkunden" !

[Fantomas96]

Interessierte Player am RoF:

KWG - Cliffs

NOT - Samancor (ehem. BHP Billiton + Anglo SA) / jetzt Kermas Group

FWR - XStrata

SPQ - ???


FANTOMAS

[Fantomas96]

Spider gibt Optionen an Direktoren aus zum 2,5-fachen (!) des aktuellen Kurses !


http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…



Spider Resources grants stock options


2009-04-21 11:57 ET - Options Proposed

Mr. Neil Novak reports

SPIDER RESOURCES INC.: GRANT OF STOCK OPTIONS

Spider Resources Inc. has granted pursuant to Spider's incentive stock option plan a total of 7.1 million incentive stock options to directors, officers and consultants of Spider exercisable over a five-year period expiring April 21, 2014, at a price of 10 cents per share. The options entitle each optionee to acquire one common share of Spider. The common shares of Spider closed on April 20, 2009, on the TSX Venture Exchange at a price of 3.5 cents per common share.


FANTOMAS

[Fantomas96]

Spider Resources Inc.: Ground Geophysics Supports 1.1 Kilometre Strike Length for Big Daddy Chromite Deposit, James Bay Lowlands of Ontario


http://finance.yahoo.com/news/Spider-Resources-Inc-Ground-cc…


FANTOMAS

[Fantomas96]

Finanzierungsrunde für CAD 0,05 geplant:


SPIDER RESOURCES INC. ANNOUNCES BROKERED PRIVATE PLACEMENT OF FLOWTHROUGH COMMON SHARES

TORONTO, ONTARIO--(Marketwire – April 30, 2009) -

Spider Resources Inc. ("Spider") (TSX VENTURE:SPQ), is pleased to announce that it has entered into
an agreement with IBK Capital Corp. (“IBK”), whereby IBK will place up to 78,750,000 common shares
(issued on a flow-through basis) of Spider on a best efforts basis for gross proceeds of up to $3,937,500
by way of a private placement.
Proceeds raised through this private placement will be used to finance an expanded exploration program
on Spider's projects in the McFauld's Lake area.
About Spider Resources Inc.
Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture
Exchange under the symbol SPQ. There are currently 316,211,767 shares issued in Spider.
On behalf of the board of directors,
Neil Novak, President and CEO
This press release, required by applicable Canadian securities law, is not for distribution to U.S. news
services or for dissemination in the United States, and does not constitute an offer of the securities
described herein. These securities have not been registered under the United States Securities Act of
1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to
U.S. persons unless registered or exempt therefrom.
This press release includes certain "Forward-Looking Statements" within the meaning of the US Private
Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-
Looking Statements" that involve such various known and unknown risks, uncertainties and other factors.
There can be no assurance that such statements will prove accurate. Results and future events could differ
materially from those anticipated in such statements. Readers of this press release are cautioned not to
place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars
unless otherwise noted.


FANTOMAS

[hbg55]

Freewest Resources Canada Inc., Spider Resources Inc. & KWG Resources Inc. Provide Exploration Update on the Big Daddy Chromite Prospect


- Hole FW-09-29 intersects 74.9 metres of massive chromite mineralization. - Metallurgical tests conclude that greater than 40% Cr2O3 can be considered direct shipping ore with 1.9 Cr:Fe ratio

6:11 PM ET, October 14, 2009

MONTREAL, QUEBEC, Oct 14, 2009 (Marketwire via COMTEX) -- Freewest Resources Canada Inc. (FWR) ("Freewest"), Spider Resources Inc. (SPQ) ("Spider") & KWG Resources Inc. (KWG) ("KWG") are pleased to provide an exploration update on the Big Daddy Chromite property. Eight drill holes, 2,073 metres, have been completed, and have tested the Big Daddy Chromite prospect (a magmatic chromium deposit type) along its geophysically inferred strike length to Line 20 East, and to a vertical depth of approximately 180 metres. The total amount of drilling in this campaign is estimated to be 11,000 metres in 28 drill holes. The drill program is deigned to test the entire geophysically inferred strike length on the property to a depth of +/- 250 metres.

Freewest currently holds a 50% interest in the Big Daddy chromite property, while joint-venture partners Spider and KWG retain equal 25% interests each, respectively.

Drill Program:

Drilling has progressed significantly since the last report of October 1, 2009, where holes FW-09-24 and 25 were reported on section 1400 metres east. Drill spacing for this first pass of drilling was established at 200 metres, testing the entire geophysically inferred strike length to section 2000 metres east. Drilling has successfully encountered chromite mineralization in each section. Since the start of the project in 2006 chromite mineralization has been established from Line 900 metres East to and including Line 2000 metres East, for a strike length of 1100 metres thus far. Additional drilling is underway to the Northeast in an area where the geophysical expression of the chromite mineralization appears to be disrupted by faulting.

Hole FW-09-26 entered a fault zone in pyroxenite between 9 and 45 metres depth and then continued in an altered pyroxenite to the end of the hole at 207 metres. No significant chromite mineralization was encountered.

Hole FW-09-27 was designed to step back and undercut Hole FW-09-26. This hole encountered massive chromite between 173.3 and 186.8 metres (13.5 metres massive chromite), followed by a second zone of massive chromite mineralization between 208 and 247 metres (39 metres of massive chromite).

Hole FW-09-28 was designed as a 200 metre northeasterly step out from holes FW-09-26 and 27. The hole encountered massive chromite between 39 and 60.5 metres (21.5 metres massive chromite).

Hole FW-09-29 was designed to undercut Hole FW-09-28. Chromite mineralization was encountered between 117.4 and 136 metres (18.6 metres of massive chromite), followed by another zone of massive chromite with narrow beds of semi-massive chromite that was encountered between 234.8 and 244.3 metres (massive chromite over 9.5 metres), followed by a very thick bed of massive chromite between 248.6 and 323.5 meters (74.9 metres of massive chromite).

Hole FW-09-30 was designed to test a 200 metre northeasterly step out from Holes FW-09-28 and 29. At the bedrock - overburden interface of 23.7 metres, the hole immediately entered massive chromite and stayed in this until 33.8 metres (10.1 metres of massive chromite subcropping).

Hole FW-09-31 was designed to be a 200 metre step out from Holes FW-09-28 and 29 and to undercut Hole FW-09-30. Between 235.9 and 264.5 metres, massive chromite was encountered (28.6 metres of massive chromite).

True widths of the chromite mineralization have yet to be determined, as this is typically done once the geometry (attitude, dip, strike) of the mineralized body is determined. The systematic drill pattern as planned is designed to better understand the Big Daddy Chromite Prospect along its entire strike length at regular intervals; the chromite mineralized intersections are quite variable due to the geological nature of the intrusion. Once the current program is completed, an estimate of true width will be provided. At current rate of drilling, it is anticipated that the field portion of the program will be completed by early December.



Summary of Drill Results:

----------------------------------------------------------------------------
----------------------------------------------------------------------------
Mineralization
DDH ID Completed Line Sta # Azimuth Dip Length Highlights
----------------------------------------------------------------------------
FW-09-24 Sep 26 / 09 14 E 1700 N 150 50 219 64.43 - 86.0
Intermittent Cr beds
86.0 - 101.85 diss
Cr in peridotite
101.85 - 132.2
Massive Cr
----------------------------------------------------------------------------
FW-09-25 Sep 30 / 09 14 E 1800 N 150 50 339 151.9 - 200.75 diss
Cr + occ Cr bed
in Per
200.75 - 213 fault
213.0 - 232.39 diss
Cr + occ Cr beds
in Per
232.39 - 270.35
Massive Cr
----------------------------------------------------------------------------
FW-09-26 Oct 2 / 09 16 E 1700 N 150 50 207 Cr zone displaced
by fault
166.55 - 178.5 fault
in Pyx with trace
py, po, cpy
----------------------------------------------------------------------------
FW-09-27 Oct 6 / 09 16 E 1800 N 150 50 321 171.0 - 173.3 diss
Cr in Dunite
173.3 - 186.8 Massive
Cr
186.8 - 189.0 diss
Cr in Dunite
189.0 - 208.0 diss +
intermittent Cr in
Dunite
208.0 - 247.0
Massive Cr
----------------------------------------------------------------------------
FW-09-28 Oct 5 / 09 18 E 1745 N 150 50 207 39.0 - 60.5
Massive Cr
120.0 - 137.3 fault
with py, cpy
----------------------------------------------------------------------------
FW-09-29 Oct 10 / 09 18 E 1850 N 150 50 368 70.1 - 117.35
intermittent Cr
beds in Dunite
117.35 - 136.0
Massive Cr
136.0 - 148.0 diss Cr
in Dunite
226.0 - 230.7 Semi
Massive - Massive Cr
231.45 - 233.0 Semi
Massive Cr
234.75 - 244.3
Massive Cr
248.6 - 323.5
Massive Cr
----------------------------------------------------------------------------
FW-09-30 Oct 11/09 20 E 1750 N 150 50 77 23.7 - 33.8
Massive Cr
----------------------------------------------------------------------------
FW-09-31 Oct 11/09 20 E 1850 N 150 50 335 205.4 - 235.9
intermittent Cr
beds + diss in Dunite
235.9 - 264.5 Massive
Cr (dyked off??)
----------------------------------------------------------------------------
----------------------------------------------------------------------------
Abbreviations: Cr (chromite), py (pyrite), cpy (chalcopyrite), po
(pyrrhotite), diss (disseminated), Per (peridotite), Pyx (pyroxenite).





Metallurgical Update:

The companies are pleased to report that it has received the results of scoping level mineral beneficiation test work conducted by SGS Lakefield Research Limited and a geometallurgical study conducted by Cliffs Natural Resources on the Big Daddy Chromite Prospect. These early stage studies will guide both ongoing sampling requirements during drilling and subsequent resource modeling and beneficiation studies.

The result of conducting gravity separation test on eight samples covering the range from low grade to high grade led to the following conclusions;

- Some of the massive chromite has a grade greater than 40% Cr2O3 which can be considered direct shipping ore with 1.9 Cr:Fe ratio

- medium grade ore, 20-40% Cr2O3, can be upgraded to saleable material

- The average of 110 SEM-EDS analyses of chromite grains by Cliffs are; 7.4% MgO, 12.64% Al2O3, 0.54% TiO2, 51.29% Cr2O3, and 27.46% FeO.

- grind size needs to be optimized in future testing to improve recoveries at low and medium grades

A sulphide flotation test of the chromitite produced a concentrate containing 14 g/t palladium, 3 g/t platinum, and 1 g/t gold. An evaluation of the distribution of all 6 PGE's is underway. The minerals sperrylite (PtAs2) and stibiopalladinite (Pd3Sb) and an unknown compound of Os-Ru-As-S were identified by Cliffs in a hanging wall pyroxenite sample containing 2.24 g/t palladium and 2.36 g/t platinum over 0.5 metres.

Technical Advisory Committee:

Spider's VP Exploration Jim Burns P.Eng., along with KWG's VP Exploration Moe Lavigne M.Sc., P.Geo. are Qualified Person's responsible for their respective company's disclosure and have read and approve of this press release, along with Don Hoy M.Sc., P.Geo. representing Freewest. These three individuals are members of the Technical Committee for the project, along with Neil Novak P.Geo., President of Spider, Mac Watson P.Eng., President of Freewest and Richard Fink, Director of KWG.

About Freewest Resources Canada Inc.:

Freewest is a well-financed mineral exploration company with more than C$4.5 million in working capital as well as a C$10.8 million investment in Quest Uranium Corp. at current prices and no debt. It is actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on the TSX Venture Exchange under the symbol FWR.

SOURCE: Freewest Resources Canada Inc.

Freewest Resources Canada Inc.
Mackenzie I. Watson
President and CEO
[phone] or 1-888-878-3551
[phone] (FAX)
[e-mail]
www.freewest.com
Bay Street Connect
Michael D'Amico
Investor Relations
[phone]
AGORACOM
Investor Relations
[e-mail]
http://agoracom.com/ir/freewest

[hbg55]

Antwort auf Beitrag Nr.: 38.185.291 von hbg55 am 15.10.09 16:03:54

....nicht weiter verwunderlich, daß hier heute die post UPPPP- geht


akt. schon vol. von vol. von 3,5mios





RT...cad 0,06

[hbg55]

Antwort auf Beitrag Nr.: 38.185.334 von hbg55 am 15.10.09 16:07:09

RT...cad 0,055


...nach jahres- HIGH von 0,065 zum sitzungsstart gabs leichte gewinn-
mitnahmen in der folgezeit - grad scheinen die letzten stücke zu
0,055 wegzuschmelzen

[hbg55]

Antwort auf Beitrag Nr.: 38.187.011 von hbg55 am 15.10.09 18:51:36

....DA haben wir die 0,06 wieder........und steuern mehr und
mehr auf neues HIGH auch beim volumen


Time Ex Price Change Volume Buyer Seller Markers


12:59:20 V 0.06 +0.01 22,000 64 Octagon 7 TD Sec K
12:59:20 V 0.06 +0.01 13,000 64 Octagon 7 TD Sec K


12:51:00 V 0.055 +0.005 500 62 Haywood 7 TD Sec E
12:51:00 V 0.055 +0.005 9,000 7 TD Sec 79 CIBC K
12:51:00 V 0.055 +0.005 18,000 7 TD Sec 6 Union K
12:50:20 V 0.055 +0.005 2,000 2 RBC 6 Union K
12:49:58 V 0.055 +0.005 100,000 7 TD Sec 6 Union K
12:49:53 V 0.055 +0.005 33,000 64 Octagon 6 Union K
12:46:15 V 0.055 +0.005 50,000 85 Scotia 6 Union K
12:45:18 V 0.055 +0.005 10,000 9 BMO Nesbitt 6 Union K

[hbg55]

Antwort auf Beitrag Nr.: 38.187.242 von hbg55 am 15.10.09 19:18:15

....und mit ner reihe schöner trades gings auch mit
0,06 ausm handel........bei nem vol. von knapp 6,-mios


Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers

15:59:16 V 0.06 +0.01 37,000 99 Jitney 7 TD Sec K
15:54:39 V 0.06 +0.01 10,000 79 CIBC 79 CIBC K
15:36:45 V 0.06 +0.01 84,000 85 Scotia 7 TD Sec K
15:36:45 V 0.06 +0.01 40,000 85 Scotia 79 CIBC K
15:36:45 V 0.06 +0.01 100,000 85 Scotia 1 Anonymous K
15:36:45 V 0.06 +0.01 50,000 85 Scotia 1 Anonymous K
15:36:45 V 0.06 +0.01 176,000 85 Scotia 7 TD Sec K

15:24:19 V 0.055 +0.005 27,000 2 RBC 33 Canaccord K
15:24:19 V 0.055 +0.005 3,000 7 TD Sec 33 Canaccord K
14:20:22 V 0.055 +0.005 3,000 99 Jitney 99 Jitney K

[Fantomas96]

Antwort auf Beitrag Nr.: 38.189.050 von hbg55 am 15.10.09 22:39:26

@ hbg55

Darf ich Dich den "Volumen-Sherlock" nennen ?

Du scheinst immer da zu sein, wo die Aktion ist !

Ich hoffe nur, dass die jüngste Akkumulation von SPQ (die auf Big Daddy zurückzuführen ist, Cliffs ist übrigens noch nicht offiziell eingestiegen), meine Anteile bald wieder in den grünen Bereich führt !

Schön, dass Du hier dabei bist, der RoF hat wieder Mal ein paar interessante Monate vor sich !

FANTOMAS

[hbg55]

Antwort auf Beitrag Nr.: 38.189.287 von Fantomas96 am 15.10.09 23:26:12

moin F96

...Darf ich Dich den "Volumen-Sherlock" nennen ?

Du scheinst immer da zu sein, wo die Aktion ist !


...in der tat ists meine überzeugung, daß dort wo vol. zu
beobachten ist ´aktion´ in verzug ist.....was aber durchaus
auch zu negativem kursverläufen führen kann !!!

von einer solch neg. wendung bei SPQ gehe ICH allerdings
akt. nicht aus, sondern sehe hier schlichtweg einiges ´nachhol´- potential ggüber andren ROF- playern.

CLIFF- phantasie kommt da noch als zusätzl. phantasie- anreger
hinzu........wie auch bei FWR, KWG......und dürfte den ROF wohl
noch länger im focus der investoren halten....IMO


in diesem sinne......auf ´grüne´ zeiten

[hbg55]

...zu beginn schnappt MacQuarie ordtl. zu.......



Time Ex Price Change Volume Buyer Seller Markers

09:33:57 V 0.055 -0.005 10,000 79 CIBC 79 CIBC K
09:33:57 V 0.055 -0.005 30,000 80 National Bank 79 CIBC K
09:33:57 V 0.055 -0.005 10,000 19 Desjardins 79 CIBC K
09:30:00 V 0.06 - 500 19 Desjardins 62 Haywood E
09:30:00 V 0.06 - 400 2 RBC 62 Haywood E

09:30:00 V 0.06 - 1,000 11 MacQuarie 79 CIBC K
09:30:00 V 0.06 - 125,000 11 MacQuarie 80 National Bank K
09:30:00 V 0.06 - 500,000 11 MacQuarie 2 RBC K
09:30:00 V 0.06 - 20,000 11 MacQuarie 19 Desjardins K
09:30:00 V 0.06 - 250,000 11 MacQuarie 6 Union K

[hbg55]

UC Resources drills 0.8 m at 2.4% Cu, 3.4 g/t Ag

2009-10-16 11:02 ET - News Release

See News Release (C-UC) UC Resources Ltd

Mr. Jim Voisin of UC reports

UC RESOURCES REPORTS DRILL RESULTS, RESUMES DRILLING IN MCFAULDS LAKE AREA

UC Resources Ltd. has released drill results from its three-hole drill (623-metre) program completed in August, 2009, that was conducted on the option venture property where UC has the right to earn up to 55-per-cent interest in the McFaulds East and West properties, currently held by Spider Resources Inc. and KWG Resources Inc., encompassing about 31,000 hectares.

As previously announced in Stockwatch on Aug. 27, 2007, UC advised Spider and KWG that it had completed the third-year spending commitment on the McFaulds Lake option agreement, and delivered unaudited proof thereof to them. Spider and KWG are currently in the review period to confirm UC's earn-in level to 40 per cent.


Drill program

Hole UC-09-01 in the August program was designed to test a geophysical anomaly on the west block that is interpreted to have a strike length of approximately four kilometres (VTEM/ZTEM airborne surveys previously completed). The anomaly was not explained by this drill hole; however, gold values were detected at a shallow depth. This hole tested a coincident positive magnetic anomaly and a strong EM conductor. The hole intersected a gradational lapilli tuff to feldspar porphyry contact, cutting very weakly disseminated pyrite mineralization (between 55.9 metres and 62.5 m). It is not felt that this intersection adequately explains the strong conductance. The hole also intersected anomalous gold mineralization of 2,620 parts per billion Au (gold) (2.62 grams per tonne Au) between 31.35 to 31.85 metres downhole, followed by 1,470 parts per billion Au (1.47 g/t Au) between 31.85 and 32.9 metres downhole. This intersection contained quartz injection and weak, fine-grained pyrite mineralization in a felsic tuff. Further geophysical assessment, including induced polarization surveying is warranted in an attempt to find the source of this intriguing gold mineralization.

Hole UC-09-02 tested a positive, U-shaped, magnetic anomaly and coincident EM conductor, located on Claim 1192082, in the vicinity of the McFaulds No. 6 volcanogenic massive-sulphide (VMS) occurrence. The hole cut 0.8 metre (148.3 to 149.1 m) of mainly massive magnetite, sandwiched amongst 20-centimetre-wide massive pyrrhotite, with chalcopyrite and minor pyrite intervals. The 0.8-metre interval graded 2.4 per cent copper, 0.13 per cent Zn (zinc) and 3.4 g/t Ag (silver). The sulphide mineralization was found to be at the contact between a volcanic lapilli tuff and the volcanoclatic sediments (chert and cherty sediments). Due to the size and strength of the EM anomaly in this area, a larger sulphide section was anticipated. The area warrants another drill hole if a strong EM anomaly can be located along the contact between the volcanic and volcanoclastic sediments.

No significant assay values were reported for hole UC-09-03; this hole remained in felsic tuff for its entire length. There was no mineralization encountered that would explain the geophysical conductors, very little disseminated pyrite was observed. It is also believed that the hole went through the volcanic rock-volcanoclastic sediment (chert and cherty sediments) contact, where the massive magnetite and sulphides occur but never reached this distinct geological unit. It may be that the hole did not go deep enough, or there is no obvious contact zone in this area. The strong EM anomaly remains unexplained.

Hole UC-09-03, as well as hole UC-09-02, were drilled in an attempt to test a series of geophysical anomalies situated in the east property in the vicinity of the McFaulds No. 5 and No. 6 VMS occurrences, which had been previously drill tested and confirmed to contain copper and zinc mineralization, reported in a VMS setting. Hole UC-09-02 encountered both copper and zinc mineralization, over a narrow zone, as did the previous holes drilled by Spider and KWG in 2004, namely holes McF-04-39 and McF-04-50. It is felt that the No. 6 VMS occurrence was partially encountered by UC's hole UC-09-2. Further ground geophysical surveying is planned for this area after freeze-up to better define the target for future drill testing.

TABLE OF RESULTS


Length From To Interval Ag Au
Hole ID Azimuth Dip (m) (m) (m) (m) Cu% Zn% (g/t) (g/t)

UC-09-01 180 -45 191 31.35 32.9 1.55 0.005 0.018 0.001 1.84
UC-09-02 130 -45 232 147.2 152 4.8 0.689 0.191 0.001 0.009
including 147.2 149.1 1.9 1.68 0.096 0.002 0.06
UC-09-03 130 -60 200 No significant mineralization

The qualified person responsible for the technical information contained in this press release is Dr. Howard Lahti, PGeo, of Billiken Management Services Ltd.

JVX Geophysics Ltd. of Richmond Hill, Ont., has recently completed Max-Min and HLEM ground geophysical surveys on the western claim block, focused on an area located 400 metres north of the hole UC-09-01 that was drilled earlier this year in August, 2009, results of which are reported in the table. The geophysical survey interpretation suggests three near-surface conductive anomalies as well as a deeper conductive anomaly, interpreted to be situated directly below the shallower anomalies. These anomalies have now been prioritized as drill targets. The deeper conductive anomaly is interpreted to be approximately two kilometres in width and to be in excess of 10 kilometres in length (ZTEM airborne survey as conducted by Geotech Ltd. of Aurora, Ont.). These drill targets are all situated proximal to or within a highly magnetic responsive bull's-eye feature, situated along an east-west-trending linear magnetic feature that was outlined by previous Aerotem and VTEM (Geotech) airborne surveys, as well as the recent ZTEM (Geotech) survey.

Billiken Management Services Ltd. of Toronto, Ont., reports that it is mobilizing a drill from Les Forage Orbit of Val d'Or, Que., to commence drilling of the first shallow anomaly over the weekend of Oct. 17. The intent of this drill program is to drill test the three near-surface anomalies and then, based on the results, consider the merits of following the near-surface conductor(s) downdip, or commence drilling the deeper anomaly by a vertical hole.

UC Resources continues to evaluate solutions and options for the recommissioning process of the La Yesca mill located west of Guadalajara, Mexico. The company is committed to this project, and considers it a key strategic growth opportunity in what it believes is a long-term secular bull market for precious metals.

[hbg55]

..wie auf obigem chart- bild schön zu sehen ist, bleibt aufwärts-
trend auch zum WE intakt - der blick auf die zunehmende blaugrüne säuleneinfärbung
läß zudem einen frdl. wochenstart erwarten.....IMO

[Fantomas96]

Und zur Abwechslung mal wieder ein paar super Chrom-News vom FWR/SPQ/KWG "Big Daddy"-Joint Venture (mit Platin/Palladium-Funden):

http://finance.yahoo.com/news/Freewest-Resources-Canada-Inc-…

Freewest Resources Canada Inc., Spider Resources Inc. and KWG Resources Inc. Provide Assay Results for the Big Daddy Chromite Prospect

- Hole FW-09-29 encounters 75.2 metres of chromite mineralization averaging 43.41% Cr2O3

- FW-09-29 intersected a total of 108.5m of massive chromite in 4 separate intervals

- Six of the seven holes reported herein encounter chromite mineralization in excess of 35% Cr2O3 over significant widths.

MONTREAL, QUEBEC--(Marketwire - Dec. 7, 2009) - Freewest Resources Canada Inc. (TSX VENTURE:FWR - News), Spider Resources Inc. (TSX VENTURE:SPQ - News) and KWG Resources Inc. (TSX VENTURE:KWG - News) are pleased to provide assay results for recently completed drilling at the Big Daddy Chromite property located in the James Bay Lowlands of northern Ontario. The Big Daddy property is currently a joint-venture involving Freewest Resources Canada Inc. (50%), Spider Resources Inc. (25%) and KWG Resources Inc. (25%).

Assay Results for Recent Drilling:

Analytical results have recently been received for the first 7 holes of 22 holes being assayed. Visual observations for these seven holes were previously reported on October 14th 2009.

Holes FW-09-24 and 25 are located on Section 14+00E. Both encountered significant chromite mineralization.

Holes FW-09-26 and 27 are located on Section 16+00E. Hole 26 failed to intersect chromite mineralization. The targeted mineralization intended to be intersected by this hole is interpreted to have been displaced by faulting, whereas Hole 27, which undercut Hole 26, intersected two zones of massive chromite mineralization, followed by a short intercept of Platinum and Palladium averaging 1.66 g/t (Pt + Pd).

Holes 28 and 29, situated on Section 18+00E, both intersected significant widths of chromite mineralization, in particular hole 29 which intersected 4 zones of massive chromite mineralization, including a 75.2 metres interval averaging 43.4% Cr2O3. This intersection was followed by 1.8 metres of Platinum and Palladium averaging 2.18 g/t (Pt+Pd).

Hole FW-09-30, drilled on Section 20+00E, entered massive chromite mineralization immediately after the overburden.

The following table provides assay highlights for the first seven holes in the recent program. Only those intersections that averaged greater than 35% Cr2O3 over significant widths are included in the highlight table. The chromite mineralization surrounding the highlighted massive chromite mineralization is typically of varying tenor, and consists of heavily disseminated plus / minus intercalated thin (centimeter scale) to thick (meter scale) beds of massive chromite mineralization. The amount of this mineralization that eventually may be included in the reserves will not be determined until a feasibility study is undertaken. For instance, in Hole 29, variable amounts of chromite mineralization were intersected between 67.4 and 323.8 metres (256.4 metres), however only 108.5 metres averaged in excess of 35% Cr2O3.

Assays for the remaining fifteen holes from the recent program will be released when final results are available.




Assay Highlight Table:

----------------------------------------------------------------------------
Hole # From(m) To(m) Length(m) Pd(g/t) Pt(g/t) Cr2O3% Fe2O3% Cr:Fe
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-24 73.5 80.3 6.8 0.26 0.23 41.01 21.10 1.90
----------------------------------------------------------------------------
100.9 132.2 31.3 0.17 0.23 40.63 23.40 1.70
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-25 232.1 270.4 38.3 0.17 0.24 42.17 21.35 1.93
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-26 no significant assays
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-27 173.3 186.8 13.5 0.28 0.25 36.32 20.77 1.71
----------------------------------------------------------------------------
208.0 246.8 38.8 0.20 0.22 42.99 20.99 2.00
----------------------------------------------------------------------------
246.8 247.5 0.7 1.23 0.43
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-28 38.7 61.1 22.4 0.12 0.20 41.30 22.16 1.82
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-29 117.0 136.0 19.0 0.50 0.23 40.02 19.92 1.97
----------------------------------------------------------------------------
226.0 230.7 4.7 0.46 0.27 37.90 20.39 1.82
----------------------------------------------------------------------------
234.8 244.3 9.6 0.32 0.39 38.33 19.70 1.90
----------------------------------------------------------------------------
248.6 323.8 75.2 0.23 0.25 43.40 21.26 2.00
----------------------------------------------------------------------------
323.8 325.5 1.8 1.69 0.49
----------------------------------------------------------------------------

----------------------------------------------------------------------------
FW-09-30 24.1 32.8 8.7 0.26 0.26 40.92 22.61 1.77
----------------------------------------------------------------------------


True widths of the chromite mineralization have yet to be determined, as this is typically done once the geometry (attitude, dip and strike) of the entire mineralized body is determined. The systematic drill pattern was designed to delineate the Big Daddy Chromite Prospect along its entire strike length. The chromite mineralized intersections are quite variable in apparent width due to the geological nature of the intrusion.

Drill Program:

The current exploration program started on September 23, 2009, and included twenty two drill holes totaling 6,777 metres. The program was curtailed on November 22 due to abnormal weather conditions in the project area that were hampering cost-effective progress, and causing additional safety and other logistical concerns, drilling is anticipated to resume in early January. This pause in drilling is being utilized to review drill and analytical results, and also to adjust the drilling plan. More holes may be added, where warranted, in certain areas of The Big Daddy Chromite Prospect based upon this internal mid program review. Six holes remain to be drilled from the original planned budget, and these will be strategically planned to infill and expand Big Daddy. The Big Daddy Chromite prospect (a magmatic chromium deposit type) has been expanded along its strike and depth. Since the discovery of chromite on the property in March, 2006 (Hole FW-06-03), chromite mineralization has been established between section 900 metres East to and including section 2100 metres East, for an inferred strike length of 1300 metres, and to a depth of 325 metres. Big Daddy remains open along strike in both directions and to depth. Some of the planned expansion drilling will continue to explore the chromite mineralization towards the northeast, where faults are found to have apparently offset Big Daddy from the Probe "Creek Zone" and Freewest's "Black Thor".

As stated in the last release (Nov. 16, 2009), one drill hole tested a coincident magnetic and electromagnetic anomaly, that straddled the border between the Big Daddy property with four claims held by Freewest due north of the Big Daddy Property. This hole encountered 10 metres of sulphide mineralization consisting of thin wispy bands of up to 20% pyrite, pyrrhotite and chalcopyrite between 104.0 metres and 114.0 metres down hole. Samples for this entire sulphide section have been selected for assay and will be reported upon once results are received.

Quality Assurance / Quality Control Protocol:

Stringent QA / QC procedures are followed. Samples are shipped to the laboratory in batches of 35 samples. Each sample batch includes 2 standards, 1 blank, and 1 duplicate that are inserted on site, plus a duplicate coarse reject and 1 duplicate pulp that are prepared at the laboratory and inserted. In addition, Actlabs also employs a rigorous in-house QA/QC regime which includes standards, blanks and duplicates.

Once the final assays are received from Actlabs and prior to any data being released to the public, a review of all QA/QC data is conducted by an independent qualified person to ensure that the data released are within predetermined norms.

Analytical Methodology:

All samples are assayed / analysed by Activation Labs (Actlabs) at either their main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility. Both laboratories are ISO accredited. All samples are




- Analyzed for 35 trace and major elements including Cu & Ni by 4 acid
digestion with an ICP finish (Actlabs code 1F2). Any samples for which
the result(s) are over limit for either Cu or Ni are then assayed for
these elements by ICP-OES.
- Assayed for Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs
code 1C-OES).
- Assayed for 13 major element oxides, including Cr2O3 by fusion-XRF
(Actlabs code 4C).


For additional information on assay methodology visit the Actlabs website at http://www.actlabsint.com.

Qualified Persons:

Spider's Vice President of Exploration Jim Burns P.Eng., along with Neil Novak P.Geo., President of Spider, has prepared and reviewed this press release, both of which are Qualified Persons under National Instrument 43-101

About Freewest

Freewest is a mineral exploration company actively exploring for gold, base-metals and chromite within eastern Canada. Corporate information can be accessed on the Internet at www.freewest.com. Freewest's shares are listed on Tier 1 of the TSX Venture Exchange under the symbol FWR.


FANTOMAS

[Fantomas96]

KWG Präsentation zum Big Daddy Chrom-Vorkommen (FWR/SPQ/KWG-Joint Venture):

http://www.kwgresources.com/_resources/corp_presentations/co…


FANTOMAS

[supernova1712]

http://www.thenewswire.ca/archives?tnwarchive2=release_id%3D…" target="_blank" rel="nofollow ugc noopener">http://www.thenewswire.ca/archives?tnwarchive2=release_id%3D…


SPIDER RESOURCES INC. ENTERS INTO INVESTOR RELATIONS AGREEMENT WITH INVESTOR CUBED INC., ANNOUNCES GRANT OF STOCK OPTIONS

TORONTO, ONTARIO - December 21, 2009 - Spider Resources Inc. (SPQ:TSX-V) ("Spider") is pleased to announce that it has engaged Investor Cubed Inc. ("Investor Cubed") to provide investor communications, shareholder information and public relations services effective December 1, 2009.

In connection with the engagement, Investor Cubed has been awarded a consulting contract for $4,500 per month for a term of twelve months. In addition, Investor Cubed has been granted 2,000,000 stock options at a price of $0.10. The options shall vest quarterly over a period of two years, subject to regulatory approval and shall expire five years from the date of grant, subject to the termination provisions of Spider's stock option plan.

Investor Cubed and Spider act at arm's length to each other and Investor Cubed has no direct or indirect interest in Spider or its securities, other than the grant of options referred to above.

Spider also announces that it has granted pursuant to Spider's incentive stock option plan, and in addition to the grant of options to Investor Cubed referred to above, a total of 4,500,000 stock options to directors, officers and consultants of Spider exercisable over a five-year period at a price of $0.10 per share and vesting immediately, including 1,000,000 to the President & CEO, 600,000 to the Vice President - Finance and 400,000 to the Chairman, who also act as directors of Spider, 400,000 to each of the four independent directors of Spider, 700,000 among three additional officers of Spider, and 200,000 to a consultant to Spider.

The common shares of Spider closed on December 18, 2009 on the TSX Venture Exchange at a price of $0.05 per common share.
...

Aktienoptionen zum Doppelten des aktuellen Preises, 5 Jahre Laufzeit. Die Jungs sind optimistisch! Würde mich freuen, wenn der Optimismus gerechtfertigt wird.

Freundliche Grüße
supernova

[Fantomas96]

@ supernova

Aktienoptionen zum Doppelten des aktuellen Preises, 5 Jahre Laufzeit. Die Jungs sind optimistisch! Würde mich freuen, wenn der Optimismus gerechtfertigt wird.


Da schien auch ein institutionller Anleger zum Jahresende noch den Optimismus für Spider entdeckt zu haben !
(über 12 Mio. Aktien und Warrants zwischen CAD 0,06 - 0,10 eingesackt)


Spider Resources Inc. (SPQ) As of December 31st, 2009

Filing Date Transaction Date Insider Name Ownership Type Securities Nature of transaction # or value acquired or disposed of Unit Price

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Warrants 00 - Opening Balance-Initial SEDI Report

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Options 11 - Acquisition carried out privately 816,854 $0.060

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Options 00 - Opening Balance-Initial SEDI Report

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 53 - Grant of warrants 4,166,666 $0.100

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 11 - Acquisition carried out privately 4,166,666 $0.060

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 53 - Grant of warrants 7,500,000 $0.100

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 11 - Acquisition carried out privately 7,500,000 $0.060

Dec 30/09 Dec 30/09 Joe Dwek Management Consultants 2007 Inc. Control or Direction Common Shares 00 - Opening Balance-Initial SEDI Report


FANTOMAS

[Fantomas96]

PP abgeschlossen:

SPIDER RESOURCES INC. ANNOUNCES COMPLETION OF FLOW THROUGH PRIVATE PLACEMENT
07:41 EST Thursday, December 31, 2009

(via Thenewswire.ca)

Spider Resources Inc. ("Spider") (TSX VENTURE:SPQ), is pleased to announce the completion of two tranches of the private placement announced on December 16, 2009. An aggregate of 38,673,331 flow-through units were issued to subscribers on December 24 and 30, 2009, respectively, at a price of $0.06 per unit, for gross proceeds of $2,320,400, subject to receipt of final regulatory approvals (collectively, the "Offering"). The Offering is part of a larger offering of up to 50,000,000 flow-through units at a price of $0.06 per unit and up to 40,000,000 non flow-through units at a price of $0.05 per unit. Each flow-through unit ("Flow-Through Unit") consists of one common share (issued on a flow-through basis) and one non flow-through common share purchase warrant. Each full warrant entitles the holder to acquire one common share (which share shall not be issued on a flow-through basis) at a price of $0.10 for a period of two years from the respective dates of issue on December 24 and 30, 2009.

In connection with the Offering, Spider paid aggregate cash commissions in the amount of $132,457.10 to Sandfire Securities Inc. ("Sandfire") and its selling group and issued 3,620,163 non-transferrable compensation options (the "Agent Options") to purchase up to 3,620,163 units (the "Agent Units") at an exercise price of $0.06 per Agent Unit. The Agent Options are exercisable at any time before 5:00 p.m. (Toronto time) on the date that is 24 months from the respective dates of issue on December 24 and 30, 2009. Each Agent Unit consists of one Common Share and one warrant exercisable to acquire one Common Share at an exercise price of $0.10 per share on or before 5:00 p.m. (Toronto time) on the day that is 24 months from the respective dates of issue on December 24 and 30, 2009.

The securities issued under the private placement are subject to a hold period from the date of issuance until April 25, 2010 and May 1, 2010, as the case may be, in accordance with applicable securities laws and TSX Venture Exchange policies.

Proceeds raised through this private placement will be used to finance an expanded exploration program on Spider's projects in the McFauld's Lake area.

About Spider Resources Inc.Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. After giving effect to the Offering, there are currently 453,388,430 common shares issued in Spider.On behalf of the board of directors,Neil Novak, President and CEO

Phone: [phone]

Fax: [phone]

Website: www.spiderresources.com

Corporate Office: 50 Richmond Street East, Suite 101, Toronto, ON M5C 1N7

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Copyright (c)

FANTOMAS

[Fantomas96]

Sedar Early Warning Report - Spider
posted on Dec 31, 09 03:22PM

EARLY WARNING REPORT AND PRESS RELEASE FILED PURSUANT TO NATIONAL INSTRUMENT 62-103 1. Name and address of the offeror: Joe Dwek Management Consultants Inc. (“JDM”) 1110 Finch Avenue West, Suite 210 Toronto, ON M5A 2K7 2. Name of reporting issuer with respect to which this report is filed: Spider Resources Inc. (“Spider”) 3. Designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities of which the offeror acquired ownership or control in the transaction or occurrence giving rise to the obligation to file the news release and whether it was ownership or control that was acquired in those circumstances: JDM has indirect control and direction over 50,066,996 common shares of Spider (the “Shares”), 4,129,354 options to purchase units (the “Units”) comprised of one share and one warrant, and 37,566,998 warrants to purchase Shares (the “Warrants”) representing approximately 20.6 % of the outstanding Shares on a fully diluted basis. 4. Designation and number or principal amount of securities and the offeror’s securityholding percentage in the class of securities immediately after the transaction or occurrence giving rise to obligation to file the news release. As set out in paragraph 3 above. 5. Designation and number or principal amount of securities and the percentage of outstanding securities of the class of securities referred to in paragraph (4) over which: (a) the offeror, either alone or together with any joint actors, has ownership and control As set out in paragraph 3 above. (b) the offeror, either alone or together with any joint actors, has ownership but control is held by other persons or companies other than the offeror or any joint actor, and Not applicable. (c) the offeror, either alone or together with any joint actors, has exclusive or shared control but does not have ownership The offeror has exclusive control of the Spider securities set out in paragraph three but it does not have ownership of the same. - 2 - 354790.1 6. Name of the market in which the transaction or occurrence that gave rise to the news release took place. 12,566,999 shares were acquired in private placement at a price of $0.06 on December 30th, 2009. The reporting issuer’s shares trade on the TSX-V under the call symbol SPQ. 7. Purpose of the offeror and any joint actors in effecting the transaction or occurrence that gave rise to the news release, including any future intention to acquire ownership of, or control over, additional securities of the reporting issuer. JDM intends to hold the securities for investment purposes. JDM may, depending on market and other conditions, increase its beneficial ownership, control or direction over the common shares or other securities of Spider, through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise. 8. General nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the offeror, or any joint actor, and the issuer of the securities or any other entity in connection with the transaction or occurrence giving rise to the news release, including agreements with respect to the acquisition, holding, disposition or voting of any of the securities. Not applicable. 9. Names of any joint actors in connection with the disclosure required by this report. Not applicable. 10. In the case of a transaction or occurrence that did not take place on a stock exchange or other market that represents a published market for the securities, including an issuance from treasury, the nature and value of the consideration paid by the offeror. Not applicable. 11. If applicable, a description of any change in any material fact set out in a previous report by entity under the early warning requirements or Part 4 of National Instrument 62-103 in respect of the reporting issuer’s securities. Not applicable. DATED this 30th day of December, 2009. Joe Dwek President: Joe Dwek Management Consultants Inc.

FANTOMAS

[Fantomas96]

Spider als potentielles "take-over target" in 2010 ?

Wenn es so kommt, aufgrund der Chrom-Funde auf der JV Liegenschaft, könnte man locker auf C$ 0,20 bis 0,30 hoffen.

Nach der Freewest-Übernahme sehe ich für Spider als einziges "Nicht-Fremdbeteiligungs-Chrom-Play" ein sehr rosiges Jahr 2010.

Die Finanzierung ist durch und es ist genug Geld zum Drillen da.
Die Ergebnisse werden ihr Übriges tun.

FANTOMAS

[hbg55]

Antwort auf Beitrag Nr.: 38.664.758 von Fantomas96 am 05.01.10 00:00:06

moin F96,


...DU sagst es......da könnt was gehen in 2010 !!!!

dazu sollte zunächst mal der widerstand bei cad 0,06
geknackt werden.........








heutiger SK...cad 0,06

[hbg55]

Antwort auf Beitrag Nr.: 38.664.802 von hbg55 am 05.01.10 00:20:07

....heute gehts durch die decke.....nach folg. TOP- medlung....


Spider et al. drill 48.35 m of 41% Cr2O3 at Big Daddy

2010-01-07 16:41 ET - News Release

Also News Release (C-FWR) Freewest Resources Canada Inc
Also News Release (C-KWG) KWG Resources Inc (2)

Mr. Neil Novak of Spider Resources reports

SPIDER RESOURCES INC., KWG RESOURCES INC. AND FREEWEST RESOURCES CANADA INC. ENCOUNTER CONSISTENT CHROMITE MINERALIZATION AT BIG DADDY; RARE NICKEL MINERAL DISCOVERED SUGGESTING NEARBY SOURCE FOR ACCUMULATION OF NICKEL

Spider Resources Inc., KWG Resources Inc. and Freewest Resources Canada Inc. have provided further analytical results for drilling completed in latter part of 2009 at the Big Daddy chromite property.

Neil Novak, president of Spider Resources, states: "We are extremely pleased with the consistency of the drill results we are receiving from the Big Daddy chromite project, that are all typically in excess of 40 per cent Cr2O3 over very good widths. The discovery of the nickel mineral godlevskite is intriguing, particularly as its source is considered proximal to Big Daddy, perhaps within only a few hundred metres."

Analytical results for recent drilling

Analytical results have recently been received for an additional nine holes of the 22 holes completed during the 2009 drilling campaign. Results for seven holes were released in Stockwatch on Dec. 7, 2009, and results for six more drill holes from the 2009 program are pending.

Hole FW-09-31, located on Section 20+00E, undercut hole FW-09-30. Hole 31 encountered chromite mineralization between 193.5 metres and 264.5 metres (71 metres), highlighted by a 28.6-metre intercept between 235.9 and 264.5 metres that averages 40.26 per cent Cr2O3.

Hole FW-09-32 is located on Section 21+00E, the most northeasterly section drilled on the Big Daddy chromite property to date. Two zones of chromite mineralization were observed in this hole, the first between 93 and 97 metres downhole (over four metres) contains intermittent to massive beds of chromite averaging 25 per cent Cr2O3. In the second interval, between 180.6 and 206.6 (over 25.7 metres) more consistently mineralized chromite was encountered, of which 8.15 metres averaged 38.5 per cent Cr2O3.

Holes FW-09-33 and FW-09-36, situated on Section 15+00E, both intersected chromite mineralization. Hole 33 intersected 34.1 metres of which 11 metres (between 210 and 221 metres) average 40.29 per cent Cr2O3. Hole 36 overcut hole 33 and encountered a much wider zone (86.2 metres) between 9.8 metres downhole to 96 metres downhole. The initial 11.2 metres of chromite mineralization averages 40.14 per cent Cr2O3; the last 48.35 metres averages 41.35 per cent Cr2O3. Of special note, after passing through the chromite mineralization, hole 33 entered a narrow fault zone that was observed to be partially filled with an unidentified but high-grade nickel-sulphide mineral (based upon in-house hand-held XRF Niton Analyzer measurements). Upon receipt of laboratory analysis, the sulphide zone over one metre averages 2.74 per cent nickel, 0.12 per cent cobalt and 1.04 grams per tonne (g/t) Pt plus Pd. A sample of the sulphide mineral selected for petrographic analysis was determined to contain an alteration assemblage of minerals including godlevskite (Ni9S8) along with veining of mackinawite ((Fe,Ni)9S8). Dr. James Franklin, director of Spider Resources, states, "This is a very low-temperature assemblage, and probably represents hydrothermal transport up a shear system from a more substantial Ni accumulation." Dr. Franklin continues, "This explains the very high Ni contents, as it contains nearly 60 per cent Ni."

Hole FW-09-34, drilled on Section 14+00E, undercut holes FW-09-24 and 25 (reported in Stockwatch Dec. 7, 2009), and encountered four main zones of chromite mineralization between 319.5 and 415.22, the best intersection being the latter 32.72 metres section between 383.5 and 415.22 metres that averages 41.25 per cent Cr2O3.

Hole FW-09-35, drilled on Section 16+00E, undercut holes FW-09-26 and 27 (reported in Stockwatch Dec. 7, 2009), contains chromite mineralization between 349.16 and 399 for a total chromite intercept of 49.84 metres. The best intersection is the latter 34.5-metre section between 364.5 and 399 metres that averages 41.15 per cent Cr2O3.

Holes FW-09-39 and FW-09-40, situated on Section 17+00E, both intersected significant widths of chromite mineralization. Hole 39 intersected 18.9 metres between 119.1 and 138 metres that average 34.45 per cent Cr2O3. Hole 40 intersected 22.7 metres of chromite mineralization of which 14.8 metres (between 87.4 and 102.2 metres) average 43.11 per cent Cr2O3.

Hole FW-09-42, drilled on Section 19+00E, overcut hole FW-09-43 on the same section (not yet reported), and intersected chromite mineralization between 25.5 metres and 35.9 for a total chromite intercept of 10.4 metres. The best intersection is the latter 3.2 metres between 32.7 and 35.9 metres that averages 39.45 per cent Cr2O3.

The following table provides assay highlights for the nine holes reported upon herein. Only those intersections that averaged greater than 35 per cent Cr2O3 (or close thereto) over significant widths are included in the highlight table. The chromite zone surrounding the reported massive chromite mineralization is typically of varying tenor, and consists of heavily disseminated, intercalated thin (centimetre scale) to thick (metre scale) beds of massive chromite mineralization. The amount of this mineralization that eventually may be included in the reserves will not be determined until a feasibility study is undertaken.

ASSAY HIGHLIGHT TABLE

Hole No. From (m) To (m) Length (m) Cr2O3 % Fe2O3 % Cr:Fe Pd (g/t) Pt (g/t)

FW-09-31 207.00 214.50 7.50 41.61 20.49 1.99 0.18 0.22
as well as 220.50 225.00 4.50 36.46 19.36 1.84 0.25 0.39
as well as 235.90 264.50 28.60 40.26 19.80 1.99 0.18 0.21

FW-09-32 180.90 186.00 5.10 40.78 22.57 1.77 0.30 0.24
as well as 188.00 196.15 8.15 38.50 21.45 1.76 0.27 0.28
as well as 200.60 206.60 6.00 37.55 21.79 1.69 0.21 0.19

FW-09-33 203.70 205.60 1.90 34.89 25.86 1.32 0.20 0.19
as well as 210.00 221.00 11.00 40.29 25.63 1.54 0.12 0.19

FW-09-34 383.50 415.22 32.72 41.25 20.93 1.93 0.25 0.25

FW-09-35 349.16 355.50 6.34 36.95 28.80 1.25 0.26 0.35
as well as 364.50 399.00 34.50 41.15 21.25 1.89 0.32 0.27

FW-09-36 9.80 21.00 11.20 40.14 21.12 1.86 0.12 0.18
as well as 47.65 96.00 48.35 41.35 22.03 1.84 0.16 0.23

FW-09-39 119.10 138.00 18.90 34.45 21.45 1.57 0.29 0.12

FW-09-40 79.50 83.60 4.10 34.62 22.76 1.49 0.24 0.29
as well as 87.40 102.20 14.80 43.11 20.95 2.01 0.15 0.22

FW-09-42 25.50 31.50 6.00 36.01 20.32 1.73 0.12 0.21
as well as 32.70 35.90 3.20 39.45 20.69 1.87 0.05 0.21

True widths of the chromite mineralization have yet to be determined, as this is typically done once the geometry (attitude, dip and strike) of the entire mineralized body is determined. The systematic drill pattern was designed to delineate the Big Daddy chromite prospect along its entire strike length. The chromite mineralized intersections are quite variable in apparent width due to the geological nature of the intrusion.

Assays for the remaining six holes from the 2009 program will be released when available. A drill plan, showing positions of all historical drill holes for the Big Daddy project, is available on Spider Resources' website.

2010 drill program

Field crews have been mobilized to the field to commence the 2010 winter drill program. Technical planning meetings were held during December to review and plan the 2010 program with the intent of having sufficient exploratory drilling completed by the end of program, bearing in mind the shape and attitude of the Big Daddy chromite prospect (a magmatic chromium deposit type), to support an initial resource estimate. It is envisioned that approximately 4,000 metres of drilling will provide sufficient drill information to complete the resource estimate. Since the discovery of chromite on the property in March, 2006 (hole FW-06-03), chromite mineralization has been established between section 900 metres east to and including section 2,100 metres east, for an inferred strike length of 1,300 metres and to a depth of 325 metres. Big Daddy remains open along strike in both directions and to depth. Some of the planned expansion drilling will continue to explore the chromite mineralization toward the northeast, where faults are found to have apparently offset Big Daddy from the Probe/Noront creek zone and to the northwest to Freewest's Black Thor.

Quality assurance/quality control protocol

Stringent QA/QC procedures are followed. Samples are shipped to the laboratory in batches of 35 samples. Each sample batch includes two standards, one blank and one duplicate that are inserted on site, plus a duplicate coarse reject and one duplicate pulp that are prepared at the laboratory and inserted. In addition, Activation Labs (Actlabs) also employs a rigorous in-house QA/QC regime which includes standards, blanks and duplicates.

Once the final assays are received from Actlabs and prior to any data being released to the public, a review of all QA/QC data is conducted by an independent qualified person to ensure that the data released are within predetermined norms.

Analytical methodology

All samples are assayed and analyzed by Actlabs at either their main laboratory in Ancaster, Ont., or at their Thunder Bay, Ont., facility. Both laboratories are ISO accredited. All samples are analyzed for 35 trace and major elements including Cu and Ni by four-acid digestion with an ICP finish (Actlabs code 1F2). Any samples for which the result(s) are over limit for either Cu or Ni are then assayed for these elements by ICP-OES. Assayed for Au, Pd and Pt by fire assay with an ICP/OES finish (Actlabs code 1C-OES). For additional information on assay methodology visit the Actlabs website.

Qualified persons

Spider's vice-president of exploration, Jim Burns, PEng, along with Neil Novak, PGeo, president of Spider, have prepared and reviewed this press release, both of which are qualified persons under Canadian securities guidelines.

We seek Safe Harbor.

[hbg55]

RT...cad 0,08

[hbg55]

Antwort auf Beitrag Nr.: 38.694.802 von hbg55 am 08.01.10 16:03:43

mit immer wieder steuern wir neuem TOP- vol. entgegen - bis
jetzt schon, nach nicht mal ner std., ÜBER 6,5 shares....


Time Ex Price Change Volume Buyer Seller Markers


10:03:39 V 0.075 +0.02 10,000 19 Desjardins 7 TD Sec K
10:02:14 V 0.075 +0.02 70,000 85 Scotia 7 TD Sec K
10:02:13 V 0.075 +0.02 20,000 7 TD Sec 7 TD Sec K
10:02:13 V 0.075 +0.02 100,000 7 TD Sec 7 TD Sec K
10:02:13 V 0.075 +0.02 10,000 79 CIBC 7 TD Sec K
10:02:13 V 0.075 +0.02 4,000 33 Canaccord 7 TD Sec K
10:02:13 V 0.075 +0.02 13,000 85 Scotia 7 TD Sec K
10:02:13 V 0.075 +0.02 25,000 80 National Bank 7 TD Sec K
10:02:13 V 0.075 +0.02 1,000 99 Jitney 7 TD Sec K
10:02:13 V 0.075 +0.02 10,000 80 National Bank 7 TD Sec K

[hbg55]

Antwort auf Beitrag Nr.: 38.694.684 von hbg55 am 08.01.10 15:56:58

...akt. MK von eben mal cad-mios 28,- trägt DEM
in keinster weise rechnung......IMO

[hbg55]

Antwort auf Beitrag Nr.: 38.695.268 von hbg55 am 08.01.10 16:36:02

...mal ein int. beitrag ausm SH dazu.....


to us long time holders of this ( puppy ) we have seen these kind of
results before.

not and clf understand what they mean.

we do not.

most of the trades today are day traders and come at the end of the day they will hit the bid...

what we laypeople need is a two-d drawing of what the numbers look like, i.e.
the surface line.
the first intersection line.
the end of the ore body line.

only then can we have an idea of what is being talked about.
a rough figure will do with the proviso of course that this is just a rough interpretation.

as it stands now we can expect a double, sixteen cents, from not when they make the bid.
there is still a little more work to be done to reach the thirty cent bid.

the seven and a half wall is nothing.
when not bids for spq you will see a tsunami of volume.

Pro

[hbg55]

....auch ein blick auf die jüngsten INSIDER- trades
spricht bände......


http://www.canadianinsider.com/coReport/allTransactions.php?…

[Golden_Years]

oh man, ausnahmsweise mal den richtigen zeitpunkt zum einstieg erwischt. bin gestern nacht aus langeweile über spider gestolppert. hab mich einigermaßen gründlich informiert und die order bei den cans zur eröffnung platziert. denke 2010 könnte hier rocken, fängt auf jeden fall mal gut an

[Fantomas96]

Antwort auf Beitrag Nr.: 38.694.684 von hbg55 am 08.01.10 15:56:58

Es kann losgehen:

- Institutionelle haben sich platziert (s. Postings #141-143 und 151)

- Spider hat genug Kohle zum Drillen

- Neil Novak (CEO) hat noch bis Ende März, um die "Story" von Spider zu erzählen (danach geht die Operator-Position für das JV an KWG)

- Spider ist (neben Noront) noch der einzige Player im Ring of Fire mit Chromfunden und OHNE Fremdbeteiligung von Cliffs oder anderen Majors, daher für mich nur eine Frage der Zeit, bis Übernahmeangebote (von wem auch immer) eintrudeln

- aber das wichtigste Detail, abgesehen von weiteren phänomenalen Chromgehalten, ist die Tatsache aus der gestrigen News, dass man einen Nickelfund gemacht hat (vielleicht wird durch die ausstehenden 6 Bohrergebnisse dieses weiter bestätigt).
Dies wäre bei einer Bestätigung der erste weitere Nickelfund nach Noront und könnte eine erneute Initialzündung nicht nur für Spider bedeuten.

Da ist es ja schon fast "normal", dass man auch Platingruppen-Elemente gefunden hat.

Und als weitere Neuigkeit ist wieder ein neues Element im Ring of Fire gefunden worden : Kobalt !

Da haben wir ja dann bald die ganze Elemente-Tafel durch !

Sollte es SPQ/KWG/FWR gelingen, auf dem JV Gebiet, das durch die Godlevskit und Mackinawit Funde lokalisierte Nickel, weiter zu "verfolgen" und den Ursprung der magmatischen Disposition finden, beginnt eine neue Ära im Ring of Fire.

Der wichtige Part aus der News im Original:

Upon receipt of laboratory analysis, the sulphide zone over one metre averages 2.74 per cent nickel, 0.12 per cent cobalt and 1.04 grams per tonne (g/t) Pt plus Pd. A sample of the sulphide mineral selected for petrographic analysis was determined to contain an alteration assemblage of minerals including godlevskite (Ni9S8) along with veining of mackinawite ((Fe,Ni)9S8). Dr. James Franklin, director of Spider Resources, states, "This is a very low-temperature assemblage, and probably represents hydrothermal transport up a shear system from a more substantial Ni accumulation." Dr. Franklin continues, "This explains the very high Ni contents, as it contains nearly 60 per cent Ni."


Wir werden noch alle viel Freude am Ring of Fire haben (und ich meine nicht erst in 5 Jahren) !

FANTOMAS

[hbg55]

Antwort auf Beitrag Nr.: 38.694.802 von hbg55 am 08.01.10 16:03:43

...bestätigung des aufwärts- trends bei neuerlich hohem
vol..........sowie abschluß auf TH........


Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers


15:59:52 V 0.075 +0.01 60,000 79 CIBC 79 CIBC K
15:59:52 V 0.075 +0.01 40,000 79 CIBC 79 CIBC K
15:56:08 V 0.075 +0.01 45,000 7 TD Sec 7 TD Sec K
15:56:08 V 0.075 +0.01 5,000 7 TD Sec 25 Odlum K

15:55:56 V 0.075 +0.01 188,000 1 Anonymous 25 Odlum K
15:55:56 V 0.075 +0.01 5,000 1 Anonymous 7 TD Sec K
15:55:56 V 0.075 +0.01 1,000 1 Anonymous 1 Anonymous K
15:55:56 V 0.075 +0.01 29,000 1 Anonymous 7 TD Sec K
15:55:56 V 0.075 +0.01 20,000 1 Anonymous 9 BMO Nesbitt K
15:55:56 V 0.075 +0.01 15,000 1 Anonymous 19 Desjardins K

[Golden_Years]

Eisberg voraus... Da verkauft aber einer im großen Stil bei den Cans. Ask ist wie zugemauert, steht immer noch bei 999.999 und wird immer wieder hübsch aufgefüllt. Bin mal auf Morgen gespannt...

[hbg55]

Antwort auf Beitrag Nr.: 38.732.023 von Golden_Years am 13.01.10 23:42:00

...DER dürfte dahinschmelzen mit nachfolg. meldung.....


Jan 22, 2010 (TheNewswire.ca via COMTEX) -- (via Thenewswire.ca)

-Hole FW-09-43 encountered two zones of massive chromite mineralization; 24.0 metres averaging 35.75% Cr2O3, as well as 57.0 metres averaging 40.52% Cr2O3, separated by 11.0 metres of thin massive beds of chromite averaging 15.47% Cr2O3.

-All holes reported herein for Big Daddy encountered chromite mineralization in excess of 35% Cr2O3 over significant widths.


http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=h…

[hbg55]

Spider Resources completes final tranche of placement

2010-01-25 12:03 ET - News Release

Mr. Neil Novak reports


SPIDER RESOURCES INC. ANNOUNCES COMPLETION OF THE THIRD AND FINAL TRANCHE OF FLOW, THROUGH AND NON FLOW, THROUGH PRIVATE PLACEMENTS RAISING AN AGGREGATE AMOUNT OF $4.1 MILLION

http://www.stockwatch.com/newsit/newsit_newsit.aspx?bid=Z-C:…

[Golden_Years]

Antwort auf Beitrag Nr.: 38.814.427 von hbg55 am 26.01.10 16:01:43

damit sollte der kurs jetzt wohl frei sein...mal sehen was geht...

[Golden_Years]

wird erstmal ordentlich ins BID geschmissen...
aber irgendjemand fängts ja auch auf

[powertecc]

Der Umsatz ist noch ein wenig dürftig.

[Golden_Years]

und wenn, dann ordentlich ins BID....frag mich wer das alles auffängt und wer der verkäufer ist...

[Fantomas96]

Na, wer übernimmt denn jetzt Spider mit ihrem Chrom-Anteil ?

Oder sollte Neil Novak, der eigentliche "Entdecker" des "Ring of Fire" doch noch ein "Nickel-Ass" in seinem Ärmel haben ?

Es wird doch wohl nicht schon wieder Noront sein, die sich eine andere RoF-Firma einverleiben wollen, oder ?


FANTOMAS

[hbg55]

...HEUTE allerdings, feiertagsbedingt, nur handel
in GER möglich

[powertecc]

Yo, die Übernahmefantasien...

ich hab mir fürsorglich mal ein paar Spiders ins Depot getan.

[hbg55]

Antwort auf Beitrag Nr.: 38.988.764 von powertecc am 22.02.10 20:32:27

...DIE könnte nach neuerlichen TOP- ergebnissen nun wirklich
an fahrt gewinnen.........


SPIDER RESOURCES INC., KWG RESOURCES INC. AND FREEWEST RESOURCES CANADA INC. REPORT REMAINING DRILL RESULTS FROM 2010 AT BIG DADDY

10:29 AM ET, March 5, 2010

Mar 05, 2010 (TheNewswire.ca via COMTEX) -- (via Thenewswire.ca)

-Hole FW-09-50 encountered chromite mineralized envelope of 126.3 metres of which 63.3 metres averages 41.93% Cr2O3 with Cr:Fe ratio of 1.96

-Seven of final eight holes encounter grades in excess of 35% Cr2O3

-All assays are now complete, National Instrument 43-101 compliant resource estimate to commence on Big Daddy Chromite Deposit


http://cxa.marketwatch.com/TSX/en/Market/article.aspx?guid=h…

[hbg55]

Antwort auf Beitrag Nr.: 39.081.229 von hbg55 am 08.03.10 08:56:35

....die LASTS vom vergangenen freitag lassen erahnen, wohin
sich kurs entwickeln dürfte..........


Recent Trades - Last 10

Time Ex Price Change Volume Buyer Seller Markers


15:59:52 V 0.06 +0.005 198,000 7 TD Sec 7 TD Sec K
15:59:52 V 0.06 +0.005 100,000 7 TD Sec 7 TD Sec K
15:59:52 V 0.06 +0.005 22,000 7 TD Sec 7 TD Sec K

15:57:31 V 0.055 +0.005 700 62 Haywood 99 Jitney E
15:55:51 V 0.06 +0.005 600 89 Raymond James 62 Haywood E
15:55:45 V 0.06 +0.005 1,000 99 Jitney 9 BMO Nesbitt K
15:22:32 V 0.06 +0.005 1,000 124 Questrade 124 Questrade K
14:05:40 V 0.06 +0.005 50,000 79 CIBC 79 CIBC K
13:37:33 V 0.055 - 23,000 89 Raymond James 1 Anonymous K
13:30:59 V 0.055 - 77,000 85 Scotia 1 Anonymous K

[hbg55]

Antwort auf Beitrag Nr.: 39.081.256 von hbg55 am 08.03.10 08:59:29

...auch zum wochenstart sehen wir schönes vol.......

[hbg55]

Antwort auf Beitrag Nr.: 39.086.203 von hbg55 am 08.03.10 17:27:19

...inzwischen schon bei stolzen 2,5mio vol. angelangt....





Time Ex Price Change Volume Buyer Seller Markers


12:29:25 V 0.065 +0.005 26,000 99 Jitney 19 Desjardins K
12:29:25 V 0.065 +0.005 15,000 99 Jitney 124 Questrade K
12:29:25 V 0.065 +0.005 9,000 99 Jitney 124 Questrade K
12:27:21 V 0.065 +0.005 1,000 19 Desjardins 19 Desjardins K
12:27:21 V 0.065 +0.005 5,000 19 Desjardins 19 Desjardins K
12:25:09 V 0.065 +0.005 6,000 79 CIBC 124 Questrade K
12:25:09 V 0.065 +0.005 11,000 79 CIBC 9 BMO Nesbitt K
12:25:09 V 0.065 +0.005 24,000 79 CIBC 64 Octagon K
12:25:03 V 0.065 +0.005 90,000 89 Raymond James 64 Octagon K
11:59:10 V 0.065 +0.005 10,000 85 Scotia 85 Scotia K


.....die 0,07 dürften wohl nicht mehr lange auf sich warten
lassen

[hbg55]

Antwort auf Beitrag Nr.: 39.086.710 von hbg55 am 08.03.10 18:50:21

...inzwischen sind wir bei nahezu 5mio vol. angelangt und
ein ende an SCHNÄPPCHEN- käufen scheint noch nicht in sicht.....


Time Ex Price Change Volume Buyer Seller Markers


15:16:01 V 0.07 +0.01 30,000 79 CIBC 79 CIBC K
15:16:01 V 0.07 +0.01 20,000 79 CIBC 7 TD Sec K
14:57:07 V 0.07 +0.01 10,000 85 Scotia 85 Scotia K
14:55:04 V 0.07 +0.01 8,000 7 TD Sec 7 TD Sec K
14:55:04 V 0.07 +0.01 17,000 7 TD Sec 7 TD Sec K
14:39:23 V 0.07 +0.01 61,000 79 CIBC 7 TD Sec K
14:39:23 V 0.07 +0.01 5,000 79 CIBC 80 National Bank K
14:39:23 V 0.07 +0.01 34,000 79 CIBC 80 National Bank K
14:34:21 V 0.07 +0.01 16,000 79 CIBC 80 National Bank K
14:34:21 V 0.07 +0.01 9,000 79 CIBC 2 RBC K

[Fantomas96]

Vor 3 Wochen schrieb ich:

Na, wer übernimmt denn jetzt Spider mit ihrem Chrom-Anteil ?

Oder sollte Neil Novak, der eigentliche "Entdecker" des "Ring of Fire" doch noch ein "Nickel-Ass" in seinem Ärmel haben ?

Es wird doch wohl nicht schon wieder Noront sein, die sich eine andere RoF-Firma einverleiben wollen, oder ?


Leider hat Neil immer noch kein Nickel in einem News Release erwähnt, dafür umso bessere Chrom-Ergebnisse (mit den z.T. besten Grades im Ring of Fire bisher).

Und die Übernahme-Gerüchte verdichten sich auch, allerdings hört man weniger von Noront, als von dem neuen JV-Partner von Spider für Big Daddy. Würde inhaltlich definitiv Sinn machen.

Die Volumina sprechen eine interessante Sprache.

Könnte spannend werden in den nächsten Wochen.

Neil will ein NI 43-101 im 2.Quartal fertig stellen, mal sehen, ob Spider noch dazu kommt.

FANTOMAS

P.S.: Habe heute auch nochmal zu C$ 0,065 nachgelegt (jetzt reicht es mir aber definitiv).

[hbg55]

Antwort auf Beitrag Nr.: 39.086.710 von hbg55 am 08.03.10 18:50:21

...auch heute wieder überdurchschnittliches vol...kann mir
gut vorstellen noch nen angriff aufs jahreshoch von 0,08 zu
sehen.......natürlich erst, wenn EUROPA geschlossen hat


Time Ex Price Change Volume Buyer Seller Markers


12:54:44 V 0.07 - 400 85 Scotia 62 Haywood E
12:54:44 V 0.07 - 1,000 85 Scotia 1 Anonymous K
12:53:12 V 0.07 - 50,000 79 CIBC 79 CIBC K
12:49:07 V 0.07 - 142 85 Scotia 62 Haywood E
12:49:07 V 0.07 - 6,000 85 Scotia 1 Anonymous K
12:36:05 V 0.07 - 15,000 19 Desjardins 19 Desjardins K
12:32:26 V 0.07 - 100,000 79 CIBC 79 CIBC K
12:21:42 V 0.07 - 119,000 85 Scotia 1 Anonymous K
12:21:42 V 0.07 - 76,000 85 Scotia 7 TD Sec K
12:17:01 V 0.065 - 700 62 Haywood 2 RBC E

[hbg55]

Antwort auf Beitrag Nr.: 39.097.256 von hbg55 am 09.03.10 19:24:52

...nun ja - daraus wurde HEUTE nixxxxx.........aaaaaaber
die LASTS hattens trotzdem in sich.........


Recent Trades - Last 10


Time Ex Price Change Volume Buyer Seller Markers

15:59:43 V 0.07 - 323,000 1 Anonymous 80 National Bank K
15:59:43 V 0.07 - 2,000 1 Anonymous 19 Desjardins K
15:59:43 V 0.07 - 10,000 1 Anonymous 2 RBC K
15:59:43 V 0.07 - 165,000 1 Anonymous 79 CIBC K

15:58:58 V 0.07 - 55,000 85 Scotia 79 CIBC K
15:58:58 V 0.07 - 10,000 85 Scotia 2 RBC K
15:54:55 V 0.07 - 37,000 85 Scotia 80 National Bank K
15:54:55 V 0.07 - 54,000 85 Scotia 1 Anonymous K
15:13:37 V 0.07 - 10,000 85 Scotia 1 Anonymous K
15:13:05 V 0.065 -0.005 7,000 19 Desjardins 19 Desjardins K

[hbg55]

Antwort auf Beitrag Nr.: 39.099.516 von hbg55 am 09.03.10 23:08:41

...nach CAN gestern sehen wir auch grad in GER ne
fette order über 500k zu € 0,055


Times & Sales

Uhrzeit Kurs Volumen letztes kumuliert

10:00:08 0,055 500.000 500.000
09:00:13 0,045 0 0

[hbg55]

in CAN explodierts vol.........allerdings, NOCH ohne, daß
der kurs folgt, aaaaaber..........datt wird schon noch....IMO





RT...cad 0,07

[hbg55]

Antwort auf Beitrag Nr.: 39.108.633 von hbg55 am 10.03.10 21:11:52

....grad wieder ein MIO-brocken weggeschnappt, womit wir
uns neuen rekordmarken nähern....


Time Ex Price Change Volume Buyer Seller Markers

15:13:01 V 0.07 - 50,000 79 CIBC 79 CIBC K
15:08:07 V 0.07 - 13,000 82 Thomas Weisel 2 RBC K
15:08:07 V 0.07 - 954,000 82 Thomas Weisel 79 CIBC K
15:08:07 V 0.07 - 33,000 82 Thomas Weisel 9 BMO Nesbitt K
15:06:00 V 0.07 - 100,000 79 CIBC 79 CIBC K
15:05:35 V 0.07 - 17,000 7 TD Sec 9 BMO Nesbitt K
15:05:35 V 0.07 - 13,000 7 TD Sec 79 CIBC K
15:03:33 V 0.07 - 65,000 7 TD Sec 79 CIBC K
15:00:38 V 0.07 - 2,000 7 TD Sec 79 CIBC K
14:59:42 V 0.07 - 20,000 2 RBC 79 CIBC K

[hbg55]

Antwort auf Beitrag Nr.: 39.108.839 von hbg55 am 10.03.10 21:35:42

....DAS wars dann mit den 0,07ener- stücken..........

[hbg55]

nach knacken des JAHRESHOCHS....o,10.......wir kommmmmmen

[Fantomas96]

Wenn man sich die Kurse und Volumina von KWG und SPQ der letzten Tage ansieht und die sich verstärkenden Übernahmegerüchte durch CLF lauter werden, dann schließt sich hier der Kreis.

Mal sehen, ob Neil Novak seinen 43-101 Report für Big Daddy noch fertig bekommt (2. Quartal), oder ob alles demnächst Canada Chrome heißt.

Egal was passiert, sollte auf jeden Fall nicht schlecht für den Kurs sein.

Leider muß ich dann nach Freewest schon wieder einen vielversprechenden Ring of Fire Player aufgeben, mein RoF-Portfolio wird zusehends dünner.

FANTOMAS

[hbg55]

...hier mal BEIDE ´big daddy´- titel im vergleich:

1. SPIDER




RT...cad 0,09


2. KWG




RT...cad 0,11

[hbg55]

Antwort auf Beitrag Nr.: 39.115.431 von hbg55 am 11.03.10 16:29:27

....uuuuups - das hat nicht geklappt.......hier kommt
KWG- chart.......

[hbg55]

Antwort auf Beitrag Nr.: 39.115.431 von hbg55 am 11.03.10 16:29:27

...mit nem imposanten zwischenspurt haben wirs schon
mal nen sprung auf 0,095 vollzogen........


Time Ex Price Change Volume Buyer Seller Markers

10:30:15 V 0.095 +0.02 20,000 71 Brant 19 Desjardins K
10:30:15 V 0.095 +0.02 10,000 71 Brant 33 Canaccord K


10:27:57 V 0.09 +0.015 21,000 80 National Bank 79 CIBC K
10:27:13 V 0.09 +0.015 4,000 85 Scotia 79 CIBC K
10:27:01 V 0.09 +0.015 15,000 85 Scotia 7 TD Sec K
10:27:01 V 0.09 +0.015 1,000 85 Scotia 85 Scotia K
10:26:59 V 0.09 +0.015 11,000 2 RBC 85 Scotia K
10:26:59 V 0.09 +0.015 30,000 2 RBC 7 TD Sec K
10:26:59 V 0.09 +0.015 10,000 2 RBC 2 RBC K
10:26:59 V 0.09 +0.015 50,000 2 RBC 7 TD Sec K

[hbg55]

Antwort auf Beitrag Nr.: 39.115.647 von hbg55 am 11.03.10 16:47:51

....und DAMIT dürften wir nur eine erste reaktion auf die
immer stärker werdenden übernahme- spek. sehen...IMO

[supernova1712]

Antwort auf Beitrag Nr.: 39.109.668 von Fantomas96 am 10.03.10 23:42:56

Leider muß ich dann nach Freewest schon wieder einen vielversprechenden Ring of Fire Player aufgeben

Ich leide mit Dir, Fantomas

Im Ernst: Natürlich habe auch ich das meiste Geld aus der kürzlichen Übernahme meiner Freewest-Aktien in Spider und KWG investiert. Es ist für mich logisch, dass man auch hier früher oder später eine Übernahme durch Cliffs erwarten kann. Schaun mer mal, ob es so kommt....

Freundliche Grüße
supernova

P.S.: Ohne den Ereignissen zu weit vorzugreifen, wer wären denn im Falle einer erneuten Übernahme die nächsten vielversprechenden ROF-Kandidaten?

Probe, UC, BMK ...? (Noront natürlich immer, oder?)
Bei Fancamp würde es mich derzeit (noch!) wundern, die sind meiner Meinung nach erst später dran.

[Fantomas96]

Antwort auf Beitrag Nr.: 39.119.827 von supernova1712 am 12.03.10 00:18:07

@ supernova

Es ist für mich logisch, dass man auch hier früher oder später eine Übernahme durch Cliffs erwarten kann. Schaun mer mal, ob es so kommt....

Also nach der letzten Woche muß hier eigentlich sogar jeder Blinde sehen, dass hier was "im Busche" ist.

Sowohl KWG als auch SPQ haben sich in 7 Handelstagen beide (fast) verdoppelt.

Startpunkt waren CAD 0,05, jetzt steht SPQ bei CAD 0,095 und KWG bei CAD 0,11.

Eine Verdoppelung beider Firmen innerhalb einer Woche mit riesigem Volumen.
Und bei beiden ist die Entwicklung zur gleichen Zeit ohne News losgegangen !

Hallo !!!

Das können nur Insider-Informationen sein, die etwas sehr Materielles vermuten lassen.

Und da Cliffs schon an KWG, nicht aber an SPQ, beteiligt ist, liegt eine Möglichkeit der weiteren Entwicklung für mich klar auf der Hand.

Lassen wir uns mal überraschen.

Ohne den Ereignissen zu weit vorzugreifen, wer wären denn im Falle einer erneuten Übernahme die nächsten vielversprechenden ROF-Kandidaten?

Übernahme weiß ich nicht (da sind KWG und SPQ wegen des Chrom JV definitv die "sichersten" Kandidaten), aber bezüglich weiterer positiver News steht bei mir Noront klar an der Spitze.

Gefolgt von meinen 3 "Überraschungskandidaten":

- PRB (Dave Palmer soll neue Surveys (ZTEM) für einen erneuten Bohrversuch nahe Eagle´s Nest auf 100%-Gebiet planen plus NOT-JV plus West Timmins Property in Top-Lage mit LSG-JV)

- UC (Silberförderung in Mexiko definitiv in 2010 plus sehr vielversprechende Gebiete im Ring of Fire)

- Tribute Minerals (sehr vielversprechende erste Ergebnisse im RoF in 2009, aber nicht sehr tief gebohrt (100 Meter). Neuer Anlauf läuft gerade (neue Surveys führten zu neuem Bohrprogramm)

Disclaimer: bin bei allen investiert !

Weiterhin sehr spannend im RoF, jetzt auch mit offizieller Regierungsunterstützung.

FANTOMAS

[blackwhiteknight]

Antwort auf Beitrag Nr.: 39.124.074 von Fantomas96 am 12.03.10 13:47:35

Hallo Fantomas,

daß ich heute meine SPQ-Einstandspreise von 2008 übertroffen sehe, erfreut mich. Dachte, das dauert noch ein Jahr.

Zu deinen unten stehenden Sätzen kurz:

Eine Verdoppelung beider Firmen innerhalb einer Woche mit riesigem Volumen.
Und bei beiden ist die Entwicklung zur gleichen Zeit ohne News losgegangen !

Es gab aber eine News:

10:29 AM ET, March 5, 2010

-Hole FW-09-50 encountered chromite mineralized envelope of 126.3 metres of which 63.3 metres averages 41.93% Cr2O3 with Cr:Fe ratio of 1.96

-Seven of final eight holes encounter grades in excess of 35% Cr2O3

Nach unseren Erfahrungen – mit den großen Chrom-Funden von Noront – haben diese fast immer zu starken Kursverlusten geführt, geht diesmal etwas schief?

Cliffs Kurs ist innerhalb 5 Wochen auch von 40 auf 64 Dollar gestiegen. Beachtlich!

Gruß BWK

[Fantomas96]

Antwort auf Beitrag Nr.: 39.130.771 von blackwhiteknight am 12.03.10 23:28:23

Hallo BWK,

Es gab aber eine News:

10:29 AM ET, March 5, 2010

-Hole FW-09-50 encountered chromite mineralized envelope of 126.3 metres of which 63.3 metres averages 41.93% Cr2O3 with Cr:Fe ratio of 1.96


Absolut richtig, die super Chrom-News hatte ich verdrängt, spielte ja auch sonst bei der Kursentwicklung aller RoF Chrom-Finder bisher keine Rolle !

Trotzdem: warum steigen SPQ und KWG dann nach dieser News fast im Gleichschritt so dramatisch ? Ist ja schließlich nicht das erste sehr gute Chrom Ergebnis vom Big Daddy Claim ?

Da steckt definitiv mehr dahinter !

FANTOMAS

P.S.: Schön, dass Du auch wieder im Plus bist, vielleich gibt es ja noch einen "Zuschlag" obendrauf !

[Fantomas96]

Antwort auf Beitrag Nr.: 39.130.771 von blackwhiteknight am 12.03.10 23:28:23

@ BWK

Da Cliffs ja KWG schon quasi "im Sack" hat, ist Spider natürlich weitaus schwieriger zu kontrollieren.

Allerdings hatte Spider auch billige PP´s, die jetzt abverkauft werden, KWG ist durch Cliffs finanziert.

Daher ist KWG auch stärker gestiegen als SPQ.

Neil Novak hat auch Hinweise auf Nickel bei den Big Daddy Bohrungen gefunden, würde mir wünschen, da wären noch follow-up Bohrungen möglich, würde dem Übernahmepreis "gut tun" !

Leider glaube ich, kommt es nicht mehr dazu, denn Cliffs wird den "Spider Sack" auch bald zumachen.

Die haben letzte Woche ihre Kriegskasse nochmal aufgestockt und ein PP von 350 auf 400 Mio. $ erhöht:

Pricing of $400 Million Public Offering of Senior Notes

.

Cliffs Natural Resources Inc. (NYSE: CLF) (Paris: CLF) announced today that it has priced its registered public offering of $400 million of 5.9% Senior Notes due March 2020. Cliffs expects to close the offering on March 17, 2010, subject to customary closing conditions. The net proceeds from the issuance of the Senior Notes are expected to be used for general corporate purposes, which may include, among other things, the funding of certain capital expenditures, the repayment of all or a portion of the Company's term loan under its credit facility, the repayment of all or a portion of its share of other debt obligations, and the funding of other strategic transactions.

The Senior Notes are rated Baa3 by Moody's Investors Service and BBB- by Standard & Poor's Ratings Services.*

Banc of America Securities LLC and J.P. Morgan Securities Inc. are serving as joint book-running managers for the offering.

A registration statement relating to the Senior Notes has been filed with and declared effective by the SEC. The offering may be made only by means of a preliminary prospectus supplement and the accompanying prospectus. A copy of the preliminary prospectus supplement and accompanying prospectus relating to this offering may be obtained by contacting Banc of America Securities LLC toll free at 1-800-294-1322 or J.P. Morgan Securities Inc. collect at 1-212-834-4533.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

To be added to Cliffs Natural Resources' e-mail distribution list, please click on the link below:


*Note:A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time.

News releases and other information on the Company are available on the Internet at:

>www.cliffsnaturalresources.com/Investors/Pages/default.aspx?b=1041&1=1.


Wofür brauchen die denn momentan so viel Kohle ???

FANTOMAS

[blackwhiteknight]

Antwort auf Beitrag Nr.: 39.131.176 von Fantomas96 am 13.03.10 07:26:57

Hallo Fantomas,

"Leider glaube ich, kommt es nicht mehr dazu, denn Cliffs wird den "Spider Sack" auch bald zumachen.
Die haben letzte Woche ihre Kriegskasse nochmal aufgestockt und ein PP von 350 auf 400 Mio. $ erhöht:"

Danke für diese Info! Da stellt sich die Frage, wieviel wird Cliffs für Spider ausgeben?

Meine Überlegung: Derzeit ist die SPQ-MK 49 mio CaD. Vor etlichen Jahren war das ATH knapp über 0,30, das sollte schon drin sein für Cliffs.

Lassen wir uns für CA$ 0,30 aufkaufen? Was meinst Du? Spider hat ja fast 500 mio Aktien im Umlauf.

Schönes WE, BWK

(PS.: Weißt Du was Noront mit den Cliffsaktien(FWR) macht oder gemacht hat?)

[Fantomas96]

Antwort auf Beitrag Nr.: 39.131.588 von blackwhiteknight am 13.03.10 10:17:27

Hallo bwk,

wenn man sieht, dass Cliffs für Freewest ca. CAD 250 Mio. ausgegeben hat (mit Chrom NI 43-101) und das definitiv ein "Schnäppchen" für Cliffs war, sehe ich hier ohne NI 43-101 ein (erstes) Angebot von mindestens CAD 0,20.

Cliffs kann es sich nicht leisten, nur einen Teil des Chroms zu besitzen, man braucht da keine Konkurrenz.

Spider kann nur hoffen, dass

1. entweder ein anderer noch in den Bieterstreit mit einsteigt (siehe Freewest)

oder

2. das NI 43-101 noch vor dem "Angebot" fertig wird


Wenn man einen "realistischen" Wert annimmt (mit 43-101) und nicht nochmal so ein Schnäppchen wie FWR zustande kommt, sollte irgendetwas zwischen CAD 0,30 bis 0,50 drin sein.

Zu NOT´s CLF Aktienpaket: neues MD&A ist draußen, muß ich aber noch durchlesen. Schätze aber, die halten noch.

FANTOMAS

[powertecc]

Zum Schnäppchen Freewest hat meinen Einsatz mehr als verdreifacht, in kürzester Zeit. Einstieg - und ab ging die Post.

Die Kohle habe ich in Spider und KWG gesteckt. Läuft ja prächtig.

Ein Dank an dieser Stelle mal an:

Fantomas
hbg 55
Boersenkrieger
married

von denen ich aus div. Threads die Anregungen versch. Invests bekommen habe.

[Timesystem1002]

´@fantomas

meinen Respekt für Eagle Hill. Habe mich einfach nicht getraut, als die letzten Meldungen keine Kursveränderungen (nach oben) auslösten.
Aber so kann es gehen.

Sag mal, UC, glaubst Du da wirklich dran? Zwischenzeitlich dürften Sie ca. 150 Mill. Aktien draussen haben, fully wahrscheinlich 200.
Homepage alles andere als aktualisiert, die letzte Präsentation aus Oktober..., wollten die nicht schon lange produzieren um die weitere Verwässerung - für Explorationsaufwendungen. zu begrenzen?

[Fantomas96]

Antwort auf Beitrag Nr.: 39.135.161 von Timesystem1002 am 14.03.10 12:38:45

Hallo Timesystem,

Spider hat über 500 Mio. Aktien draußen und ist für mich selbst bei CAD 0,10 mindestens ein Verdoppler.

Die Aktienzahl ist nur bedingt ein Indikator. Was nützt Dir eine Firma mit 38 Mio. Aktien, die zwar gute Properties hat, aber inaktiv ist und nicht drillt (solls im RoF auch geben ).

UC hat knapp 160 Mio. i&o (fd bin ich nicht ganz sicher), aber selbst bei 200 Mio. gerade mal eine MaketCap von $ 16 Mio., also ein Witz !

La Yesca geht definitiv 2010 online. Die Mühle soll ab Ende Mai die vorhandenen Tailings mit Gehalten von ca. 1,8 gpt Gold und 180 gpt Silber verarbeiten (Menge reicht für 4-5 Jahre processing). Gleichzeitig weiter Exploration auf der Liegenschaft. Plus super Gebiet im RoF (55% JV, momentan 45% bereits gesichert).

Ich glaube, 2010 wird das "Wendejahr" für UC.

Aber jetzt genug OT Talk hier, die Spider-Fans mögen mir das verzeihen.

Definitiv auch das "make or break" Jahr für Spider, ich bin von Ersterem fest überzeugt.

FANTOMAS

[Fantomas96]

Hier die Gewinner des diesjährigen PDAC "Prospectors of the Year 2010 Awards", keine unbekannten Gesichter:



(L to R) Award Presenter, Edward Thompson; Prospectors of the Year Winners, Mac Watson, Richard E. Nemis, John D. Harvey, Donald Hoy, Neil D. Novak



The 2010 PDAC Prospectors of the Year Award Winners for the Ring of Fire Discovery in Northern Ontario – John D. Harvey, Donald Hoy, Richard Nemis, Neil D. Novak and Mac Watson

http://www.republicofmining.com/2010/03/14/the-2010-pdac-pro…


John D. Harvey, Donald Hoy, Richard Nemis, Neil D. Novak and Mac Watson are recognized for the significant base metals and chromite discoveries in northern Ontario’s Ring of Fire.

In 2002, Neil Novak, as vice-president of Spider Resources Inc., was seeking kimberlites in the James Bay lowlands in a joint venture with KWG Resources Inc.

Novak had found 1.1-billion-year-old, diamond-bearing kimberlites under 130 metres of sand and limestone. De Beers Canada Exploration, curious about Novak’s work, formed a JV with Spider-KWG to look at their geophysical and geochemical database.

Novak’s expertise led De Beers to launch a reverse-circulation drill program near McFauld’s Lake, northern Ontario.

In May 2002, De Beers’ drill cut massive sulphide mineralization. The hole returned eight metres grading 1.61% copper, including a 0.5-metre section running 7% copper and almost 5% zinc.

Later that year, Spider published a released after staking 64 square kilometers around its discovery. Learning the news, Richard Nemis, then president and CEO of Noront Resources Ltd., found a contractor familiar with McFauld’s Lake to stake claims based on an airborne survey flown in 1959 by the Geological Survey of Canada.

Nemis says two claims contiguous to his showed some “unusual geophysical signatures.’ The claims were held by Condor Diamonds.

Novak was working Condor’s claims as a consultant but there was an ongoing court battle over their ownership. When litigation ended, Nemis secured the claims after agreeing to drill an anomaly outlined by Novak.

In August 2007, the first angle hole into Condor’s claims, later dubbed Eagle One, returned 1.1% nickel, 0.9% copper and 2.1 grams palladium over 71.5 metres of magmatic rock. A second hole found more mineralization but two holes east and west of the discovery hole proved barren.

With costs exceeding $100,000 per hole, Nemis stopped drilling and flew in consultant John Harvey. He examined the evidence and recommended the anomaly be drilled vertically. Hole five went straight down and returned 117 metres averaging 4.1% nickel and 2.2% copper, plus platinum and palladium.

Within six weeks more than 100,000 hectares had been staked along the Archean-aged greenstone belt that forms a kind of ring east of McFauld’s Lake. The rush prompted Nemis to dub the camp the Ring of Fire.

Further drilling at Eagle One has outlined an indicated resource of 1.8 million tonnes averageing 2% nickel, 1.2% copper and five grams combined platinum, palladium and gold per tonne. Another resource estimate is expected later this year.

Mac Watson, then president and CEO of Freewest Resources Canada Inc., was part of the original staking rush with Nemis. Watson assembled his own land package based on an old Inco airborne survey.

More than a year before the Eagle discovery, the Spider-KWG joint venture had drilled the SKF property at McFauld’s lake, optioned from Freewest. One hole returned two tin intersections of a jet-black mineral. “I and this other geologist kind of scratched our heads,” recalls Novack. “We pulled out our field manuals and eventually convinced ourselves that it was chrome.” The property was eventually renamed Big Daddy.

In September 2008, Freewest conducted a ground gravity survey along an ultramafic sill, known as the Ring of Fire Intrusion. Feewest ranked the gravity anomilies, thought to be nickel-copper deposits.

Drilling on the first targeted intersection more than 100 metres of high-grade chromite mineralization in the hanging wall of the nickel-copper target. After Hole 2 hit minor chromite, Freewest’s former vice-president of exploration, Donald Hoy, decided to test another gravity anomaly along trend, 1.6 kilometres away. That hole intersected almost 100 metres grading 30% chromite.

Follow-up drilling defined the deposit over a 1.6-km strike length. Mineralization remains open in both directions along strike.

Noront and Probe Mines Ltd. Have outlined similar chromite deposits but Black Thor is the Ring’s largest. It contains an inferred mineral resource of 69.5 million tonnes grading 32% chromite.

Chromite is transformed into ferrochrome and then alloyed with steel to make it more corrosion resistant. Steel producer Cliffs Natural Resources Inc. purchased Freewest for $240 million in January 2010.

Mining veteran Pierre Lassonde told the National Post in 2008 that the Ring of Fire is “the most exciting discovery of the last 10 years” in Canada.
Indeed!



Herzlichen Glückwunsch !

FANTOMAS

[hbg55]

moin SPQ- lers,

dran denken, daß handel in CAN/ USA ab heute schon
um 14.30h MEZ beginnt !!!

[hbg55]

...auch zum wochenstart gehts rasant gen norden.........





RT jetzt schon auf....cad 0,14

[hbg55]

Antwort auf Beitrag Nr.: 39.141.116 von hbg55 am 15.03.10 15:22:15

...hier mal bezeichnend dafür ein paar trades zum akt. TH
vo 0,145........


Time Ex Price Change Volume Buyer Seller Markers


10:26:30 V 0.14 +0.035 10,000 99 Jitney 85 Scotia K
10:25:53 V 0.145 +0.04 6,500 85 Scotia 9 BMO Nesbitt K
10:25:53 V 0.145 +0.04 50,000 85 Scotia 1 Anonymous K
10:25:53 V 0.145 +0.04 10,000 85 Scotia 99 Jitney K
10:25:53 V 0.145 +0.04 2,000 85 Scotia 99 Jitney K
10:25:53 V 0.145 +0.04 25,000 85 Scotia 1 Anonymous K
10:25:53 V 0.145 +0.04 6,500 85 Scotia 7 TD Sec K
10:22:58 V 0.145 +0.04 2,000 124 Questrade 7 TD Sec K
10:21:20 V 0.14 +0.035 19,000 99 Jitney 7 TD Sec K
10:20:45 V 0.14 +0.035 10,000 99 Jitney 99 Jitney K

[Pittjes]

Herzlichen Glückwunsch an allen Investierten!!!
Lohnt es sich noch einzusteigen?

Pittjes

[hbg55]

Antwort auf Beitrag Nr.: 39.141.396 von Pittjes am 15.03.10 15:49:31

moin P.,

...sind hier alllllle KEINE hellseher, sondern scharfe
beobachter der entwicklungen - TÄGLICH !!!

........und DIESE geben akt. grund zur hoffnung, daß es im zuge einer möglichen übernahme
zu einem bieter- wettstreit kommt, der uns dann wohl auch noch gaaaaaanz andre kurse
bescheren dürfte.....IMO !!!


ist halt ne gewaltige spekulation/ annahme darauf, daß
sich ein GROSSER....zb. CLIFFS unsre SPQ schnappt. (...nicht
JEDERMANNS sache !!!!)

[powertecc]

Im Moment ist SPQ ein Verdoppler für mich.

Dennoch werde ich meinen Einsatz nicht rausnehmen; die Chancen auf Übernahme bzw. einen Bieterwettstreit erscheinen mir als groß.

Schönels Volumen heute bislang.

[powertecc]

Auch KWG unter schönem Volumen.

[powertecc]

Sorry, aber UC stellt heuer im puncto Volumen alle in den Schatten.

[hbg55]

auffällig HEUTE, daß wir KWG sowohl im vol. als auch
in der kurs- entwicklung hinter uns gelassen haben - wohl
mit begründet darin, daß CLIFFS ja dort ja schon nen ansehnlichen
anteil besitzt

[Fantomas96]

Antwort auf Beitrag Nr.: 39.143.473 von hbg55 am 15.03.10 19:24:19

Richtig,

sollte Cliffs hinter dieser Kursentwicklung von SPQ und KWG stehen - wovon ich ausgehe - dann hätte Spider meiner Ansicht nach den stärkeren "Endspurt".

Cliffs muß sich bedeutend mehr SPQ-Aktien "beschaffen" im Vergleich zu KWG, um eine kontrollierende Mehrheit ausüben zu können.

FANTOMAS

[Fantomas96]

SmallCapPower Interview mit Spider CEO Neil Novak, dem "Entdecker" des "Ring of Fire":

http://www.youtube.com/watch?v=N-w0rLDPTrA&feature=youtube_g…


FANTOMAS

[Fantomas96]

Antwort auf Beitrag Nr.: 39.227.744 von Fantomas96 am 27.03.10 08:12:50

Interessante Schnipsel aus den CAN-Boards:

43-101 will be released in 6-7 days
in response to Re: 43-101 by Trace
posted on Apr 13, 10 07:15AM
Thanks to Edson from KWG SH Board we know that our waited Ni 43-101 resource report will be released probably on the end of this week or the beginning of the next week. Hold strong your shares, this is what we all waiting for. This will be maybe the last days of SPQ. This is maybe the last time to add cheap shares before stock take off. Here is post:

I received a phone call a few days back from KWG. I finally called back and here's what I gotta say.

The conversation between us is..... mostly what he had to say. I did asked questions nearing the end. He mentioned that many other shareholders have asked whether the Chinese could be involved or could it be another major that is about to takeover SPQ? There is still no definitive answer. We both did agree that SPQ has a huge takeover target on them but under security regulations, whoever does, must report if they do IF they buy more than 20% of the company (hence why cliffs bought 19%) but we know who is involved now with us anyways.

The main things mentioned is the railroad and how I mentioned Cliffs would be wise NOT to takeover KWG only because they want (and I believed was mentioned here) the Ontario gov't to pay for the infrastructure. The staking for the railroad is made but there were some problems. The land as we know is mostly bog, and Chris mentioned how the company hired (Krech Ojard) was on the job. He also mentioned how the Florida Keys had these bridges to all these islands and they cost BILLIONS. So what is done is there is suppose to be drilling every 1000m for soil because of the railroad carrying heavy loads and that the route staked is build on a fluvial esker (might be wrong spelling but it is supposedly better ground to build on)

Other things that was mentioned was the mine being built. 2015 is the most latest and aggressive date to do it. The question I asked was how long is it to build the railroad, Chris claimed 18 months is required and should be between now and 2015.

Another thing topic mentioned is power. There was a smelter (state of the art and efficient in terms of power) out there in Ontario but the power was killing them so they (I think it was Xstrata can't quite remember which major) decided to move it to Quebec where it was 30-40% cheaper. The good news is you CAN'T move the Chromite so no matter what, we're going to mine here and second is the fact the government of Ont. is willing to give power discounts when production begins (around 25% discount from our conversation).

Something important I just remembered now, the 43-101 will be sooner than expected. It is to be released in about 6-7 days. But WHEN it will be released to "US" in a NR we expect same day or soon.

Chris mentioned about the mine again, and how Cliffs has Freewest's property. The only difference is they have 30 someodd % of chromite, we have 30-40% chromite. It is VERY likely Big Daddy will be developed. The reason is for every 1% purity, the amount of money made is exponential on Cliffs part.

2 last things here folks, I know this post is my LONGEST. I asked about the TSX listing and South Africa geopolitical instability. The TSX part was something along the lines of trading with the Alpha markets and how for us to be in the main exchange we need certain market cap etc. The news of the Alpha is that perhaps one day there will be a merge of volume on the ALL the exchanges that show how many shares are traded in total

South Africa's chromite mine is also in trouble from what I heard. There is supposedly 5 billion Rand worth of Chromite that is being held back because of brown outs in South Africa (power problems). Not only that, there is talk of nationalization of the mines and keeping the operators there (because I can't see a political person knowing how to run a mine).

Too much talk about the Ring of Fire and how it's on the 6 o'clock news in Ontario daily now. Let it ride and thanks for reading, damn took me 15 minutes to write all this.

Another post from TXRogers:

I believe we covered a lot of the subject matter discussed by Edson today in recent conversations and many of you should not be surprised at what Edson has reported.

The next phase is approaching fast. Since CLIFFs is a major holder of the Big Daddy Resource (through the acquisition of FWR), they are also privy to the recent drilling results and the impending 43-101 report. They already know what's in the ground in Big Daddy. CLIFFs actions and increasing investment in the ROF thru KWG already indicates to us that the report will be outstanding.

As I mentioned previously - here's the big question: How long does CLIFFs wait before going after SPQ which becomes more expensive which each positive development ?

My gut feeling is that an all out grab for SPQ is about to begin. And we are on the eve of a dramatic share price ascent for SPQ.


Hold on to your shares and GLTA!




FANTOMAS

[softirish]

Antwort auf Beitrag Nr.: 39.337.511 von Fantomas96 am 14.04.10 23:35:07

Warum die Umwandlungsaktion, wenn man auf eine Übernahme spekuliert?

SPIDER RESOURCES INC. ANNOUNCES PROPOSED CONSOLIDATION OF OUTSTANDING COMMON SHARES AND REFILING OF FORM 51 102F6 FOR FISCAL 2008

Proposed Consolidation

TORONTO, ONTARIO--(April 23, 2010) - Spider Resources Inc. (the "Company") (TSX VENTURE: SPQ) wishes to announce that it will be seeking approval by its shareholders of a special resolution (the "Share Consolidation Resolution") to consolidate all of the Company's issued and outstanding common shares (each, a "Common Share") on the basis of a ratio of not more than one (1) post-consolidation Common Share for every ten (10) pre-consolidation Common Shares (the "Consolidation"), with the Consolidation to be implemented by the board of directors of the Company (the "Board") at any time prior to December 31, 2010. The shareholders will be asked to approve the Share Consolidation Resolution at the annual and special meeting of the shareholders to be held on May 19, 2010. The proposed Consolidation remains subject to receipt of all necessary regulatory approvals, including shareholder approval and acceptance of TSX Venture Exchange.

The Company believes that it is in the best interests of the Company and its shareholders for the Board to implement the Consolidation. The number of the currently outstanding Common Shares no longer reflects the value of the Company's assets. The Company's future performance is largely tied to its ability to raise equity financings, without excessively diluting the interests of its current shareholders. The proposed Consolidation will enable potential investors to better evaluate the Company in connection with future equity financings of the Company. The proposed ratio will help the Board to mitigate potential dilution, depending on the circumstances under which the Consolidation is implemented.

If the Share Consolidation Resolution is approved, the Consolidation will be implemented only upon a determination by the Board that the Consolidation is in the best interests of the Company and its shareholders at that time. In connection with any determination to implement a proposed Consolidation, the Board will set the timing for such Consolidation. No further action on the part of the shareholders will be required in order for the Board to implement the Consolidation. If the Board does not implement the Consolidation before December 31, 2010, the authority granted by the Share Consolidation Resolution to implement the Consolidation on these terms will lapse and be of no further force or effect. The Share Consolidation Resolution will also authorize the Board to elect not to proceed with, and abandon, the Consolidation at any time if it determines, in its sole discretion, to do so. The Board would exercise this right if it determined that the Consolidation was no longer in the best interests of the Company and its shareholders. No further action on the part of the shareholders will be required in order for the Board to abandon the Consolidation.

If the Share Consolidation Resolution is approved by the shareholders, and the Board decides to implement the Consolidation, following the obtaining of all necessary regulatory approvals, including the acceptance of the TSX Venture Exchange, the Company will promptly file articles of amendment as required under Canada Business Corporations Act. The Consolidation will become effective on the date shown in the certificate of amendment in connection therewith, or such other date as indicated in the articles of amendment.

If the Board decides to implement the Consolidation at the maximum authorized ratio of 1:10, upon completion of the proposed Consolidation the number of Common Shares issued and outstanding will be reduced from 471,694,432 as of April 19, 2010 to 47,169,443. The name of the Company will not be changed as a result of the proposed Consolidation.

No fractional shares will be issued in connection with the Consolidation and, in the event that a shareholder would otherwise be entitled to receive a fractional share upon the Consolidation, those shareholders shall have such factional shares cancelled. Except for any variances attributable to fractional shares, the change in the number of issued and outstanding Common Shares that will result from the Consolidation will cause no change in the capital attributable to the Common Shares and will not materially affect any shareholders' percentage ownership in the Company, even though such ownership will be represented by a smaller number of Common Shares.

If the proposed Consolidation is approved by the shareholders and all regulatory requirements are complied with, including the approval by the TSX Venture Exchange, and implemented by the Board, registered shareholders will be required to exchange their share certificates representing pre-Consolidation Common Shares for new share certificates representing post-Consolidation Common Shares. Following the announcement by the Company of the effective date of Consolidation, registered shareholders will be sent a transmittal letter from the Company's transfer agent, Equity Transfer & Trust Company, as soon as practicable after the effective date of the Consolidation. The letter of transmittal will contain instructions on how to surrender certificate(s) representing pre-Consolidation shares to the transfer agent. The transfer agent will send to each registered shareholder who has sent the required documents a new share certificate representing the number of post-Consolidation Common Shares to which the shareholder is entitled. Until surrendered, each share certificate representing pre-Consolidation Common Shares will be deemed for all purposes to represent the number of whole post-Consolidation Common Shares to which the holder is entitled as a result of the Consolidation. If a registered shareholder would otherwise be entitled to receive a fractional share, such fractional share shall be deemed to have been cancelled as described above.

Refiling of Restated Form 51-102F6 for Fiscal 2008

As a result of correspondence exchanged with the Ontario Securities Commission, the Company has restated and refiled Form 51-102F6 - Statement of Executive Compensation to provide the following additional disclosure:

- on page 4 under the heading "Compensation Discussion and Analysis - Objective of Compensation Program, to clarify that the Compensation Committee reviews stock options specifically in addition to reviewing compensation as a whole.

- On page 5, under the heading "Summary of Compensation, to include option information in the compensation table for each of the Named Executive Officers.

- On page 6, to provide a chart showing the value of exercised and unexercised options for the Named Executive Officers that exercised options during the fiscal year ended December 31, 2008.

- On page 9, under the heading "Compensation of Directors" to include option information table in the compensation table for the directors of the Company.

The full text of the restated Form 51-102F6 may be found on www.sedar.com.

About Spider Resources Inc.Spider Resources Inc. is a tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. On behalf of the board of directors,Neil Novak, President and CEO

Phone: [phone]Fax: [phone]Website: www.spiderresources.com Corporate Office: 50 Richmond Street East, Suite 101, Toronto, ON M5C 1N7

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.This press release includes certain "Forward-Looking Statements" within the meaning of the US Private Securities Reform Act of 1995. Other than statements of historical fact, all statements are "Forward-Looking Statements" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on these "Forward-Looking Statements". All dollar amounts are Canadian dollars unless otherwise noted.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[supernova1712]

Antwort auf Beitrag Nr.: 39.413.711 von softirish am 28.04.10 07:39:06

Warum die Umwandlungsaktion, wenn man auf eine Übernahme spekuliert?

Hierzu habe ich einen interessanten Forum-Beitrag von SnugTheJoiner gefunden:

More Neil chat posted on Apr 28, 10 08:43PM

I wanted to spend a little more time on my discussion today with Neil Novak, CEO of Spider Resources. However,

To answer your question: "Will I make a 50 bagger on SPQ in the next month or two?"

My answer: " How the f**k do I know?"

You're more than welcome to vent your spleen or cry crocodile tears over your investment in Spider Resources if you want. You're big boys and girls, and this is a democratic country. However, I was personally interested in finding out what the CEO was thinking. That's why I've phoned him. If you're not interested, sell.

(By the way, with SPQ at 11 cents I'm a way under water.)

1) My first question to Neil was "Where is Spider Resources going through 2011, What's in its future?"

Neil said he's thinking "big picture". Big Daddy is going to be part of a mine complex, and it has a bright future. The question that he and his BOD has is How to position Spider Resources for that future? They are strategizing for the future because they know that Spider Resources is about to change. This change will be forced upon them.

But they have a problem. Spider Resources is a penny stock. Large institutional investors don't look favorably on penny stocks. (Although smart day-traders do, and they are making good money. A nice bloated float.)

2) My second question was When will the 43-101 come out? Answer: In the very near future. He's hoping before the AGM. (He actually wanted it out by mid-April.) There is an independent qualified person writing the 43-101. Since chromite is not a common metal, it's taking more time. Furthermore, it has to be reviewed by all three JV partners. Bottom line: it's taking time.

An important point here (and it was made clear by Neil) is that Cliffs Natural Resources is privy to all of the numbers. However, it's also making its own independent evaluation. (This is a dangerous shark - IMHO.)

Neil believes that Big Daddy data is very significant. This data in the 43-101 "will attract the attention of major people" (Neil's words). "And Spider Resources has to be ready" (also his words).

Without prompting, Neil said he's worried about a "hostile takeover".

3) My third question was Have you had discussions with Cliffs? He didn't laugh. Read my lips, he was probably saying - HOSTILE TAKEOVER.

Some of my other questions:

4) What about the coincidental AGM dates for Spider and KWG? "A fluke", he replied. Spider Resources set its 2009 AGM a long time ago.

5) Can the consolidation ratio of 10:1 be changed before the AGM? I don't think he really answered the question. He was interested in making a couple of points. The ratio is not the point; the ability to shrink the number of outstanding shares and raising the "optics" of having a stronger share price between $1 and $2 - is the point. Remember the capitalization of the company doesn't change with a reverse split.

When I persisted with the r/s discussion, this when he said bluntly "We are not idiots!" He made it very clear that he's not interested in losing money. "We are also share holders."

6) I asked him about any discussions with the Government of Ontario and the First Nations. He said there were some initially after the government's announcement that they "were in". Spider Relations has very good relations with the First Nations whereas other ROF players do not.

Before I signed off my discussion with Neil, he wanted to emphasize one point:

Spider Resources is about to change. We need to be ready for it.

The optics are not good for Spider Resources. It's penny stock and institutional investors are not interested in it.

I will be voting my shares for the special resolution. Neil Novak and his BOD would then be able to implement the consolidation of shares if they chose to do so at whatever ratio they need. And as Neil put it, they might never even do it. But they would have the option.

Best I can do folks.

Snug

***

Freue mich auf Eure Kommentare.

Freundliche Grüße
supernova

[Franz991n]

Man darf sich nicht wundern, warum der Kurs in den letzten Wochen wieder stark zurückgekommen ist. Da wird fleißig über Shorts manipuliert. Schätze mal, dass der Shortbestand jetzt bei ca. 3,5 Mio. Shares liegt.

Short Summary
Short Volume As Of
2,326,604 15/May/2010
948,771 30/Apr/2010
983,771 15/Apr/2010

[supernova1712]

Übernahmeangebot: Cliffs bietet jeweils 0,13 CAD für Spider und KWG!
http://agoracom.com/ir/Noront/forums/discussion/topics/42117…

Verdammte Schnäppchenjäger! Nach Freewest nicht schon wieder!

Freundliche Grüße
supernova

[PKowski]

Zusammenschluss von Spider und KWG geplant!!

http://ca.news.finance.yahoo.com/s/25052010/30/link-f-cnw-kw…

So, jetzt kommt die Sache langsam ins Rollen.

Viel Erfolg allen!

Gruß, Paule

[supernova1712]

Antwort auf Beitrag Nr.: 39.584.807 von PKowski am 26.05.10 12:43:27

Zum geplanten Zusammenschluss und zum Übernahmeangebot

Bill Boor von Cliffs und Neil Novak von Spider auf BNN:

http://watch.bnn.ca/clip306068#clip306066" target="_blank" rel="nofollow ugc noopener">
http://watch.bnn.ca/clip306068#clip306066

http://watch.bnn.ca/clip306068#clip306068

Freundliche Grüße
supernova

[Mirex]

Kann mir einer sagen warum bei Spider (bei uns) derzeit kein Handel möglich ist?

lg Mirex

[supernova1712]

Antwort auf Beitrag Nr.: 39.615.931 von Mirex am 01.06.10 19:10:47

In Kanada wurden heute über 14 Mio. Stück gehandelt.
Müsste doch reichen, oder?

Schlusskurs war 0,125 CAD.
Wenn du nicht "drüben" handeln kannst oder willst, dann musst Du dem Makler in D halt einen großzügigen Aufschlag zahlen, dann besorgt er Dir schon welche.

Freundliche Grüße
supernova

[Mirex]

Antwort auf Beitrag Nr.: 39.617.625 von supernova1712 am 01.06.10 23:23:15

Guten Morgen Supernova!

ne leider in kanada kann ich nicht handeln, und bei uns hatte es gestern nichts mit "großzügigen Aufschlag zahlen zu tun, die Order wurde in FRA abgelehnt und meine alte Order bei Xetra storniert.
lg Mirex

[Mirex]

Antwort auf Beitrag Nr.: 39.617.941 von Mirex am 02.06.10 06:57:41

Bei uns immer noch vom Handel ausgesetzt, warum ??

[Fantomas96]

Antwort auf Beitrag Nr.: 39.625.045 von Mirex am 03.06.10 09:36:10

Die deutschen Market Maker taxen nicht nur nach Belieben und jenseits von Gut und Böse.
Die pennen dann auch noch !
Da hilft nur: Handeln in Kanada !

FANTOMAS

[Fantomas96]

Antwort auf Beitrag Nr.: 39.625.998 von Fantomas96 am 03.06.10 11:41:42

Ich mache ja ungerne Werbung, aber für alle, die am Handel in Canada interessiert sind.
Konto bei flatex eröffnen und für €25 Flat !!! im Ausland handeln.
Sehr gut und günstig !

FANTOMAS

[Franz991n]

press releases
SPIDER ANNOUNCES APPOINTMENT TO BOARD RESULTS OF RECENT SPECIAL AND ANNUAL GENERAL MEETING

TORONTO, ONTARIO ( June 3, 2010) - Spider Resources Inc. ("Spider" or the "Company") (TSX V: SPQ) reports that at the Special and Annual General Meeting of the company held on May 19, 2010, Mr Hubert Marleau was elected to the Board of Directors, replacing outgoing director Mr. Gregory Roberts. Management of the Company would like to thank Mr. Roberts for his service over the past four years as director and we wish him well in his future endeavours.

Mr. Marleau brings many years of experience in the junior resource sector focusing on equity markets and financing. Mr. Marleau lives in Montreal, Quebec. His principal occupation is and has been for the past 12 years as President and CEO of Palos Capital Corporation a Licensed Financial Advisor & Portfolio Manager of several pooled fund L.P.'s and Mutual Fund Trusts. Prior to this, Mr. Marleau was Chairman and CEO of Marleau Lemire Inc. (between 1989 and 1998) a full broker/dealer headquartered in Montreal, and forrom1980 and 1988 Mr. Marleau was Senior Executive Vice President and director of Levesque Beaubien Inc., working in Institutional Equity Sales & Trading, Capital Markets Activities, Futures & Options Trading Department, Bond & Money Market Desk, & Institutional Research. Prior to this Mr. Marleau was Senior Vice President and Director of Nesbitt Thomson Inc. involved in Equity Research and Analysis. Mr. Marleau has been a director of a number of TSX and TSX-V listed companies and is a current Board Member on the following Publicly Traded Companies in Canada: Canalaska International, Freegold Ventures, Ltd., Global (GMPC) Holdings, Inc., Gobimin, Mitec Telecom, Inc., Niocan, Inc., Stanstead Capital, Inc., Uni-Select, Inc., and Warnex Inc.

The Board of Directors welcomes Mr Marleau whose depth and breadth of experience will provide valued guidance to company Spider for the forthcoming period of exciting developments ahead.

In other Special and Annual General Meeting matters, Spider announces that the proposal to seeking shareholder approval to consolidate all of the Company's issued and outstanding common share capitals was defeated by a narrow margin. The minimum threshold of sixty six and two thirds (66.67%) of the votes cast in favour for this resolution at the Meeting was not reached, and the resolution was regrettably defeated. Other agenda items also went to vote by ballot at the Meeting, all of which were carried by a majority of votes cast by ballot at the meeting.

In view of the stream of excellent drill results received throughout the winter and spring, culminating in the recent NI 43-101 indicated and inferred resource (see below); various financial advisors to the company suggested that the number of the outstanding Common Shares and the prices which they trade at, no longer reflect the asset-value of the Company. Meanwhile, many larger institutional investors have shown much interest in the new fundamentals of the company (especially in view of the Big Daddy resource estimate), however they are typically prohibited from investing in a company whose shares trade in the sub one-dollar range. Rather than be viewed as another junior lacking credibility or viability, the Board of Directors and Management needed the flexibility to be able to re-posture the Company for the future as it continues to evaluate this "once in a lifetime" asset. Another purpose of the proposed Consolidation was to allow the board the latitude to effect a consolidation if they thought it be in the best interests of the Company and avoid the necessity, cost and delays of holding a special shareholders meeting to effect a consolidation if circumstances warranted it prior to December 31, 2010 in the event that the Company needed to act quickly to any events.

Following the annual meeting, the board of directors met and confirmed the officers of the company, who remain unchanged from the previous year.

THE BIG DADDY CHROME DEPOSIT

The Big Daddy chrome deposit is the asset that is so highly desired by Cliffs. Cliffs is currently the Optionor of the property that hosts Big Daddy, Spider and KWG Resources Inc. ("KWG") are the Optionees.

The Optionees, by fulfilling certain option earn-in spending requirements in a timely manner can earn up to 30% each (or 60% in aggregate), leaving Cliffs with 40% interest (formerly the Freewest interest).

On May 3, 2010 the Company announced the results of an initial resource estimate as prepared by Micon International Limited, meeting the guidelines set out in National Instrument 43-101 standards for reporting.

The bulk of the chromite mineralization was found to be confined to what has been described as the "massive chromite domain" while the remaining chromite falls into the "disseminated", "intercalated" and "semi-massive" domains. The latter three not meet the grade sensitivity cut-offs currently considered to be economically significant. The sectional interpretation of the continuity of the various chromite domains cleary show that the Big Daddy deposit comprises two main segments aligned in a northeast trending mineralized envelope designated BD1 and BD2.

The international demand for chromite is mainly for a metallurgical grade product with an approximate chromite grade of 40% Cr2O3 and with a Cr:Fe ratio of generally around or greater than 2:1. The size of the Big Daddy deposit has reached this international demand threshold. Metallurgical grades of this nature command much higher prices. Worldwide, lower grade deposits are being exploited and profitably mined and processed into metallurgical grade products by energy intensive electrolitic reduction. The Big Daddy deposit may not need the capital intensive processing steps at the grades which have been encountered.

Micon, in their April 30, 2010 report proposed two scenarios in their review:

Scenario 1 focused on high grade massive (lumpy) material with little or no beneficiation required, this being a much more sought after type of deposit. Micon refers to this in the report as the Massive Chromite domain. In the Massive Chromite Domain, BD1 and BD2 are estimated to contain 23.2 million tonnes averaging 40.66% Cr2O3 in the indicated category, plus an additional 16.3 million tonnes averaging 39.09% Cr2O3. This estimate includes minimal waste and was tightly constrained to the massive Cr2O3 domain. Little beneficiation would be needed for this scenario. The standout feature for scenario one, the massive chromite domain is the exceptional grade as well as a Cr:Fe ratio of 2.

Scenario 2 defined a broader zone of chromite mineralization that may be exploitable by open pit mining, but requiring beneficiation to upgrade to meet certain market demands. Using 15% Cr2O3 cut-off, BD1 and BD2 are estimated to contain 26.4 million tonnes averaging 39.37% Cr2O3 in the indicated category, plus an additional 20.5 million tonnes averaging 37.47% Cr2O3. This estimate includes internal waste within the 15% Cr2O3 envelope, meaning that some waste (material of lesser grade, not considered to be of significant grade) is included in the resource estimate, resulting in an increase in tonnage reflected in a reduction in average grade. Beneficiation will likely be required for this scenario.

The geological observations and interpretation, statistical analysis and spatial analysis of the data as reported by Micon, demonstrates a high level of continuity in the mineralization both in the lateral and vertical sense. The broad zone of continuity is clearly defined to justify the bulk of the deposit being categorized as Indicated. That portion of the deposit below the -220 m and -160 m elevations (for BD1 and BD2 respectively), as well as all of the satellite bodies whose geological continuity is somewhat questionable, have been categorized as Inferred.

Exploration Plans

The bulk of the Inferred category of the major components of the Big Daddy deposit remains to be drill tested. The interpretation is based on the large thicknesses of the massive chromite encountered in the line of the deepest holes suggesting that at between 350 m and 400 m depth, the deposit does not appear to be narrowing at depth, and is also consistent with a Magnetic 3D inversion which suggests that the ultramafic rocks hosting the chromite mineralization extend to a depth of +/- 1,700 metres. Big Daddy has only been drilled to a maximum depth of 375 metres, extensions to greater depths for BD1 and BD2 need to be confirmed by additional drill testing. A certain component of the go forward exploration plan for Big Daddy is designed to continue probing to depth. This program is currently being planned.

It was further reported by Micon, that in order to upgrade the resource from indicated and inferred to the "measured category", a few strategically positioned drill holes will be required. This program is currently also being considered as part of the go forward exploration plan, as a "measured resource" confidence level category is required as a logical step in pre-feasibility and scoping studies, all of which advance Big Daddy closer to feasibility type studies.

About Spider Resources Inc.

Spider Resources Inc. is the "Spark that set off the Ring of Fire". Spider, the Pioneer Explorer in the James Bay Region of Northern Ontario since 1993 was responsible for the discovery of eight kimberlites (1994-95), ten VMS occurrences, including two VMS deposits (2002-2006), one chromite deposit (2006). Regional geophysical surveying and other exploration efforts as initially conducted by Spider formed the exploration data-set that lead to the first discovery of Chromite in the area in February '06, in a peridotite intrusion, and about a year later lead to the eventual discovery of additional chromite deposits and related Magmatic Massive Sulphide Nickel Deposit by others.

Spider Resources Inc. is a Tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 473,469,598 shares issued in Spider. For further information concerning Spider Resources Inc., please contact:

NEIL D. NOVAK, P.Geo.

President and CEO

Direct: 416-203-8636

Email: [e-mail]

Website: www.spiderresources.com

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom.This press release includes certain "Forward-Looking Information" within the meaning of the Securities Act (Ontario). Other than statements of historical fact, all information is "Forward-Looking Information" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on this "Forward-Looking Information". All dollar amounts are Canadian dollars unless otherwise noted.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Not for dissemination in the United States of America)

[Franz991n]

Cliffs Natural Resources Inc. Purchases Spider Resources Inc. Shares in Market
June 3, 2010 5:05 PM ET

Cliffs Natural Resources Inc. CLF (Paris: CLF) announced that it acquired 7,792,000 common shares (the “Common Shares”) of Spider Resources Inc. (“Spider”) (TSXV: SPQ) today by way of public market purchases through its wholly-owned subsidiary, Cliffs Greene B.V. Following completion of these purchases, Cliffs Greene B.V. holds an aggregate of 27,434,500 Common Shares representing approximately 4.2% of the issued and outstanding Common Shares on a fully-diluted basis, with those Common Shares having been purchased at a weighted average price of Cdn.$0.1077.

The highest price paid today for the purchase of the Common Shares was Cdn.$0.1350 and the weighted average price was Cdn.$0.1343. Since Cliffs commenced its offer of Cdn.$0.13 in cash per Common Share on May 31, 2010, with an expiry date of July 6, 2010 unless extended or withdrawn, no other Common Shares have been purchased by Cliffs or its affiliates.

In addition to the Spider Common Shares owned by Cliffs, Cliffs also owns 111,733,215 KWG shares and warrants to acquire 48,460,049 KWG shares. This represents approximately 19.4% of the issued and outstanding KWG shares on a fully-diluted basis.

As disclosed on May 24, 2010, Cliffs can achieve its strategic objective of gaining control of the “Big Daddy” chromite project located in the McFaulds Lake area of Northern Ontario by acquiring either Spider or KWG. Cliffs currently owns a 47% interest in the project while Spider and KWG each own 26.5% and have the option to earn-in up to 30% each.

For more information about the offer for the Common Shares, shareholders of Spider are invited to read Cliffs’ offer to purchase and accompanying circular dated May 31, 2010 which are available at www.sedar.com. Spider shareholders, banks and brokers who have questions or requests for assistance regarding the Offer should contact Georgeson, Cliffs’ information agent, toll free at 1-866-656-4120. Georgeson can also be contacted via email at [e-mail].

To be added to Cliffs Natural Resources’ e-mail distribution list, please click on the link below:
http://www.cpg-llc.com/clearsite/clf/emailoptin.html.

[Franz991n]

Autsch!!
Da haben sich die Shorties aber schön die Finger verbrannt.

Short Summary
Short Volume As Of
4,828,604 31/May/2010
2,326,604 15/May/2010
948,771 30/Apr/2010

[Nangilima]

Antwort auf Beitrag Nr.: 39.625.045 von Mirex am 03.06.10 09:36:10

Hallo Mirex,

ich habe gerade bei der Handelsüberwachung nachgehakt; das Papier ist ab sofort wieder in FFM handelbar.

Ciao

Nangilima

[Mirex]

Antwort auf Beitrag Nr.: 39.655.031 von Nangilima am 09.06.10 12:46:12

Hi Nangilima!

Danke

lg Mirex

[manieredevoir]

Vielleicht ist es ja nicht uninteressant, was ich gerade im NOT-Thread gepostet habe....

Zustimmung zu NOT, PRB, BMK, FNC, UC, aber bei KWG und SPQ würde ich das Aufwärtspotenzial nicht unterschätzen.

Einerseits wurde nach einem CLF-Vorstoß (öffentliche "Überlegungen", KWG oder SPQ zu übernehmen) ein (faktischer) Verschmelzungsvertrag zwischen KWG und SPQ abgeschlossen, über den SPQ-Aktionäre abstimmen müssen (formal eine Übernahme durch KWG, weil bei einer "amalgamation" auch die KWG-Aktionäre abstimmen müssten; da aber CLF fast 20 % von KWG hält, würden die das natürlich verhindern wollen und möglicherweise auch können). KWG und SPQ hätten dann zusammen bereits 53 % von Big Daddy mit der Option auf 60 %, wären dann also nicht - wie jeweils einzeln - Juniorpartner von CLF. Ein anständigeres Übernahmeangebot als jetzt sollte dann von CLF kommen, da sie an den höhergradigen Chromium-Vorkommen von Big Daddy natürlich interessiert sind (diese könnten vermutlich ohne weitere Verarbeitungsschritte verkauft werden). Wichtig ist nur, dass CLF es nicht schafft, einen von beiden separat einzusacken – der andere würde dann am langen Arm verhungern. KWG und SPQ haben mit diesem Vertrag CLF erst mal kräftig in die Suppe gespuckt und ausgebremst.

CLF als interessierter KWG-Minderheitsaktionär besteht aber immer noch auf einer "unabhängigen" Bewertung von KWG (läuft derzeit durch Cormack Sec.), die CLF zwar bezahlen muss, aber dennoch zu einer m. E. höheren Bewertung führen sollte. Allein die Net Smelter Royalty von KWG für alle Chromium-Gebiete (einschließlich der durch CLF bereits übernommenen FWR) dürfte sehr werthaltig sein. Ich denke, das Spielchen geht noch ein wenig weiter. Diese Bewertung sollte um den 18. – 20. Juni herum vorliegen.

Meines Erachtens gibt es entweder ein separates und wesentlich erhöhtes Angebot für KWG aufgrund der "unabhängigen Bewertung" von Cormack, was Smeenk dann annimmt und damit aber gegen das binding letter of agreement mit SPQ verstößt (zahlt dann an SPQ irgendwas um 2 Mio.), oder es kommt zur Vereinigung von KWG und SPQ, was beide in eine bessere Verhandlungssituation gegenüber CLF bringt. Die werden dann mit einem besseren Angebot rüberkommen müssen, weil sie keine Lust haben, später die NSR zu bezahlen, und die Eisenbahn möchten sie lieber selber kontrollieren. Oder aber KWG und SPQ machen erst mal zusammen weiter, was auch kein Fehler wäre, denn der Ring of Fire wird mit Sicherheit ein neues Minencamp werden – die Signale aus der Politik sind da auch ganz eindeutig. Und zur weiteren Konsolidierung des ROF gibt es ja auch noch UC, die im nächsten Jahr 55 % an den anderen ROF-Gebieten von KWG und SPQ halten werden. UC sind auch wegen ihrer Ländereien in Mexiko (Silber) interessant, zumal sie demnächst mit einer kleinen Mühle loslegen wollen (siehe Postings Fantomas).

Ein nicht unwichtiges Detail zu KWG: Die werden vor dem Zusammengehen ihre NSR und Streckenrechte für die geplante Bahn zunächst in die Tochter Debut Diamonds einbringen und an die "Altaktionäre" dann Aktien von Debut verteilen. Wann und nach welchem Schlüssel steht noch nicht fest. Was mit Canada Chrome passiert, einer anderen KWG-Tochter, ist auch noch nicht klar. Details und Abmachungen finden sich auf sedar.com.

NOT ist als King of the Ring momentan nicht Willens oder in der Lage, dort mitzuspielen. Das hat Hanson neulich deutlich gemacht. Sie denken sogar über einen Verkauf der Chromium-Assets nach und wollen sich ganz auf Nickel etc. konzentrieren. Mir ist das ganz recht, da ich dem Management von NOT aufgrund der Aurelian-Connection nicht über den Weg traue. Aber das ist meine ganz persönliche Meinung.

Falls KWG und SPQ zusammengehen sollten, dürfte es auch eine Konsolidierung bei der Aktienzahl geben, die dann eine Milliarde übersteigen würde – ein eins zu zehn wird wohl herauskommen. Wäre ja vernünftig, auch im Sinne künftiger Finanzierungsrunden. Das Ganze ist natürlich hochspekulativ und man benötigt vielleicht noch einen längeren Atem – aber "no risk – no fun". Und ich hätte gerne noch mehr "fun" als ohnehin schon.

mdv

[Loif]

Antwort auf Beitrag Nr.: 39.668.720 von manieredevoir am 11.06.10 12:20:09

auch SPQ rührt sich:


Spider Resources Inc. Appoints TD Securities to Advise on its Potential Merger Or Acquisition 06/10/2010 [ACCESSWIRE]

TORONTO, ONTARIO--(June 10, 2010) - Spider Resources Inc. (the “Company”) (TSX VENTURE: SPQ) is pleased to announce that TD Securities Inc. (“TD Securities”) has been retained to provide financial advisory services to the Company’s Special Committee in connection with the Company’s potential merger or acquisition.

The services provided by TD Securities will include an evaluation of the proposed merger process with KWG Resources Inc. (“KWG”). They will also include an evaluation of the take-over bid made by 7557558 Canada Inc., a wholly-owned subsidiary of Cliffs Natural Resources Inc. (the "Cliffs Bid"). TD Securities will provide financial advisory services and will act as lead financial advisor and agent to Spider in connection with any merger with KWG or a sale of the Company.

For more information about the proposed merger with KWG and the Company’s response to the Cliffs Bid, please refer to the Company’s press release of June 1, 2010.

In addition, Spider has appointed Laurel Hill Advisory Group to assist Spider with the Company's Special Meeting. Laurel Hill has established the following toll free telephone line to take shareholders’ questions: 1-877-304-0211.

Pursuant to the Company’s Shareholder Rights Plan, the directors of the Company have resolved to extend the Separation Time (as it is defined in the Shareholder Rights Plan) to June 21, 2010.

[manieredevoir]

Antwort auf Beitrag Nr.: 39.669.123 von Loif am 11.06.10 13:21:00

SPQ rührt sich momentan gar nicht - trading halt...
mdv

[PKowski]

Trading Halt w/News!!

Investment Industry Regulatory Organization of Canada - Trading Halt - Spider Res Inc. - SPQ
VANCOUVER, June 14 /CNW/ - The following issues have been halted by Investment Industry Regulatory Organization of Canada (IIROC):

Issuer Name: Spider Res Inc.
TSX-V Ticker Symbol: SPQ
Time of Halt: 9:00 ET
Reason for Halt: Company Request Pending News

Index of Releases

[Fantomas96]

Nach dem offiziellen Merger Proposal zwischen KWG und Spider kam gerade die nächste News:

Cliffs erhöht das Angebot für Spider auf C$ 0,165 !

TORONTO, ONTARIO--(June 14, 2010) - The Special Committee of the board of directors and the directors of Spider Resources Inc. ("Spider" or the "Company") (TSX VENTURE: SPQ) are pleased to announce that they have received a proposal from Cliffs Natural Resources Inc. ("Cliffs") to obtain the Company's support for an acquisition of the Company by Cliffs (the "Proposal"). Cliffs is prepared to increase the offer price under its take-over bid for the outstanding common shares of the Company to $0.165 in cash per common share. The Proposal is subject to limited confirmatory due diligence and the termination of all agreements between the Company and KWG Resources Inc. ("KWG") concerning the previously announced proposed amalgamation of Spider and KWG (the "Amalgamation"). The board of directors of Spider has determined that the Proposal is a Superior Proposal, as defined in the letter agreement dated May 25, 2010 between Spider and KWG in conjunction with the Amalgamation. The Proposal is subject to the right of KWG to match the Proposal, over a 5 business day right to match period, that expires on June 21, 2010 (the "Match Period").

The cash offer by Cliffs of $0.165 per common share of Spider (the "Superior Offer") varies the previous offer announced by Cliffs on May 31, 2010, which was for $0.13 per common share of Spider (the "Original Offer"). The Superior Offer represents a 27% increase over the Original Offer and a 106% premium over the closing price of the common shares of Spider on the TSX Venture Exchange on May 21, 2010, the last trading day prior to Cliffs' announcement of its intention to bid for the common shares of Spider. The Superior Offer price implies a total equity value for Spider on a fully-diluted basis of $109 million.

The Superior Offer is for all of the common shares of Spider that are issued and outstanding (other than common shares owned by Cliffs directly or indirectly) and any common shares of Spider that may become issued and outstanding after May 31, 2010 and before the expiry of the Superior Offer upon the conversion, exchange or exercise of any existing warrants or options to acquire common shares of Spider or other rights to acquire common shares of Spider (other than rights issued or issuable under Spider's shareholder rights plan).

The offer will require Spider to enter into a support agreement (the "Support Agreement"), which Spider has just received and will consider during the Match Period. The Support Agreement provides for a number of conditions to be met or waived by Cliffs in order for Cliffs to be obliged to take up and pay for common shares of Spider tendered under the Superior Offer. Such conditions include, but are not limited to:

-at least 50.1% of the Company's common shares (including those held by Cliffs directly or indirectly and on a fully-diluted basis) shall have been validly deposited under the Superior Offer and not have been withdrawn at the expiry time of the bid;

-obtaining applicable governmental, regulatory and stock exchange approvals, exemptions and consents for the Superior Offer;

-no material litigation or material adverse effect on the business of Spider;

-Cliffs' being satisfied with its treatment under the Company's shareholder rights plan;

-the continuation of the Support Agreement in full force and effect;

-none of the lock up agreements required by Cliffs to be entered into by directors and officers of Spider requiring them to tender to the Superior Offer shall have been terminated; and

-all options and warrants to acquire common shares of Spider outstanding at the expiry time of the Superior Offer shall have been cancelled or otherwise dealt with on terms satisfactory to Cliffs acting in its reasonable judgment.

TD Securities Inc. continues to provide financial advisory services to the Company's Special Committee in connection with the Company's potential merger or acquisition.

In addition, Laurel Hill Advisory Group continues to be available to take shareholders' questions in relation to the potential merger or acquisition of the Company.

About Spider Resources Inc.Spider Resources Inc. is the "Spark that set off the Ring of Fire". Spider, the Pioneer Explorer in the James Bay Region of Northern Ontario since 1993 was responsible for the discovery of eight kimberlites (1994-95), ten VMS occurrences, including two VMS deposits (2002-2006) and one chromite deposit (2006). Regional geophysical surveys and other exploration efforts as initially conducted by Spider formed the exploration data-set that led to the first discovery of chromite in the area in February 2006, in a peridotite intrusion, and about a year later lead to the eventual discovery of additional chromite deposits and related magmatic massive sulphide nickel deposits by others. Spider Resources Inc. is a Tier 2 Canadian exploration company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 542,742,009 shares issued in Spider. Spider has approximately $8.5 million in working capital at present of which $2 million is restricted for flow through expenditures.

For further information concerning Spider Resources Inc., please contact:

NEIL D. NOVAK, P.Geo.

President and CEO

Direct: 416-203-8636

Email: [e-mail]

Website: www.spiderresources.com

Laurel Hill Advisory Group

Toll Free: 1-877-304-0211

Email: [e-mail]

Neil Simon, Investor Relations Principal, Investor Cubed Inc. Fax: [phone]

Toll Free 1 888 258 3323

This press release, required by applicable Canadian securities law, is not for distribution to U.S. news services or for dissemination in the United States, and does not constitute an offer of the securities described herein. These securities have not been registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States or to U.S. persons unless registered or exempt therefrom. This press release includes certain "Forward-Looking Information" within the meaning of the Securities Act (Ontario). Other than statements of historical fact, all information is "Forward-Looking Information" that involve such various known and unknown risks, uncertainties and other factors. There can be no assurance that such statements will prove accurate. Results and future events could differ materially from those anticipated in such statements. Readers of this press release are cautioned not to place undue reliance on this "Forward-Looking Information". All dollar amounts are Canadian dollars unless otherwise noted. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(Not for dissemination in the United States of America)

Copyright (c) 2010 Thenewswire.ca - All rights reserved.


FANTOMAS

[manieredevoir]

Antwort auf Beitrag Nr.: 39.668.720 von manieredevoir am 11.06.10 12:20:09

Nun hat CLF die Katze aus dem Sack gelassen und Runde 2 eingeläutet – und die bisher nicht diskutierte 3. Möglichkeit ins Spiel gebracht: Übernahme von SPQ durch Erhöhung des Cash-Übernahmepreises von 13 auf 16,5 cent – und damit das KWG – SPQ-Abkommen zu torpedieren.

Das wurde vom SPQ-Management auch formal als finanziell "superior proposal" gegenüber dem Vertrag mit KWG anerkannt. Ziel von CLF ist eindeutig die Verhinderung des Zusammengehens von KWG und SPQ, indem man den SPQ-Aktionären ein paar weitere Brotkrumen hinwirft und hofft, dass genügend Leute darauf eingehen und CLF über 50,1 % von SPQ kommen. Gleichzeitig sagen CLF in einer Pressemitteilung vom 14. Juni, dass die von KWG veranlasste Bewertung durch Cormark Securities (wg. "insider bid" und Schutz von Minderheitenaktionären = CLF, die dafür zahlen müssen) nicht mehr weiterverfolgen solle, da dies nun nicht mehr notwendig sei – d. h. CLF bietet nicht mehr für KWG.

Die Vereinbarung zwischen KWG und SPQ und die daraus resultierenden Aktientauschverhältnisse waren bislang nur auf die Anzahl der jeweils ausgegebenen Aktien, Warrants etc. bezogen, die Werthaltigkeit der Ländereien wurde implizit mit 50:50 als gleich angenommen (nachdem KWG die Net Smelter Royalty "ausgelagert" hatte) – eine insgesamt ganz vernünftige und unkomplizierte Lösung bei der Absicht, die dahinter steht (eigentlich Verschmelzung, nicht Übernahme). CLF hat jetzt mit dem höheren Übernahmangebot an SPQ eindeutig den Bewertungsaspekt zwischen beiden als kritische Größe ins Spiel gebracht und erzwingt einerseits eine Bewertung, versucht andererseits aber auch zu verhindern, dass KWG selbst auch bewertet wird. Durch das Angebot von CLF ist SPQ gegenüber KWG quasi "aufgewertet" worden.

Inwieweit die SPQ-Aktionäre die Absichten von CLF durchschauen und auf das immer noch sehr niedrige Angebot eingehen, bleibt abzuwarten. Wenn CLF tatsächlich über 50,1 % von SPQ angedient bekommen sollten, setzen sie darauf, dass ihnen KWG über kurz oder lang auch für einen Appel und ein Ei in die Hände fallen wird. Bei SPQ geht das dann auch schnell, sich mehr holen (größere Kapitalerhöhung, die vor allem CLF zeichnet, und damit schnell bei über 66 % der Anteile liegt).

Für SPQ und KWG bleibt m. E. ein Zusammengehen strategisch die beste Alternative - bei diesem Szenario, es sei denn, CLF verbessert für beide das Angebot, entweder jetzt oder nach Vereinigung. Das weiß auch das Management. Wenn man spekulieren will – wie könnte es weiterlaufen?

Wir bewegen uns ab jetzt nur noch auf der Ebene der vergleichenden Bewertungen wie bei "normalen" Übernahmen, die durch CLF erzwungen wurden, indem sie SPQ "höher" als KWG bewerten und das Management aufgrund ihrer Treueverpflichtung den Aktionären gegenüber dieses "höhere" Angebot berücksichtigen muss. SPQ hat TD Securities als finanziellen Berater engagiert, denen es jedoch nicht schwer fallen sollte, die 16,5 cent von CLF als zu niedrig einzuordnen, was zu einer Empfehlung führen könnte, das Angebot nicht anzunehmen. Gleichzeitig müsste KWG innerhalb der nächsten 5 Tage unbedingt die Bewertung durch Cormark - auf eigene Kosten - weiter verfolgen, da auch hier vermutlich eine höhere Bewertung als 13 cent herauskommen wird. Frage nur, durch wen – immer noch durch Cormark Securities? Im NR vom 14.06. heisst es aber, dass "Canaccord Genuity Corp. exclusive financial advisor to KWG" sei. Bleibt für mich offen, aber aus Zeitgründen wäre wohl Cormark nützlicher, die schon dran gearbeitet haben.

In der Folge könnte das vorher festgelegte, nur auf die Aktienzahl von KWG bzw. SPQ bezogene ("Übernahme-") Verhältnis auch wertmäßig über dem CLF-Angebot liegen und das Management von SPQ könnte auch weiter die "Übernahme" empfehlen (die ja nur rechtlich eine ist). An einen Konkurrenten zu CLF oder einen "white knight" glaube ich nicht, auch nicht an plötzlich eintreffende Bohrergebnisse, die den Wert schlagartig steigern.

Wenn die SPQ-Aktionäre in der Mehrheit weitsichtig sind, dann wird es in die 3. Runde gehen, über die man auch nur spekulieren kann – wenn nicht, gibt es leider nur "fun" für CLF und einige SPQ-Aktionäre (viele halten ja gleichzeitig KWG – die werden weniger zufrieden sein) und viele wenig zufriedene KWGler, die zwar keinen Verlust gemacht, aber doch nur Kleingeld verdient haben. Da wird mit harten Bandagen gekämpft….

mdv

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.684.745 von manieredevoir am 15.06.10 15:30:28

Was ist Sache in D?
an der Heimatbörse wird gehandelt als obs morgen keine Aktien gibt,
in D kein Umsatz?

Ok Jungs, Ihr habt die Chance 50k zum Umrechnungskurs bei TradeGate und in FFT zu kaufen und zwar zu 0,13€, jeweils 25k

Ich trenne mich von SPQ und KWG, Ihr Zocker habt die Chance, nun zu kaufen und davon zu profitieren, dass Cliffs euch die Teile garantiert zu 0,165 CADs aus den Händen reissst.......und sein Angebot aufstockt, wie bei FWR vor ein paar Wochen!!

muss leider meine Not aufstocken

darum mein Entschluss liebe Freunde

Bis denne

GG

[manieredevoir]

Antwort auf Beitrag Nr.: 39.684.745 von manieredevoir am 15.06.10 15:30:28

sowohl für SPQ als auch KWG nicht uninteressant, der Artikel, den irish1111 auf agoracom aufgetan hat und der sich mit der geplanten Eisenbahnlinie zum und vom Ring of Fire befasst. Das Projekt wurde von der KWG-Tochter Canada Chrome angeschoben, die sich zwischenzeitlich die Bodenrechte an der geplanten Trasse gesichert hatte, um nicht durch ein paar Schlaumeier erpressbar zu werden und zugleich auch was zum Aufschütten zu haben. Vielleicht finden sie am Wegesrand sogar noch was….

Wenn man so überlegt – bereits vor zwei Jahren hatte Smeenk das schon im Auge und die Ontario Northland Transportation Commission (ONTC) kontaktiert, die selbst ein Liniennetz von 1100 km im Norden betreiben und auch hier eine größere Rolle spielen könnten - ziemlich weitsichtig. Mal sehen, was er in Bezug auf den SPQ-Deal aus dem Hut zaubert….Novak und Smeenk werden beide wissen, dass ein Zusammenschluss die beste Alternative ist. Aber dazu benötigt man natürlich entsprechende Stimmen. Wer weiß schon, wer im Hintergrund kauft. Bezogen auf die Werthaltigkeit von KWG ist die Marktkapitalisierung wirklich ein Witz – aber die Net Smelter Royalty fließt ja erst in ein paar Jahren, und in die Eisenbahnlinie muss auch erst investiert werden. Bis dahin wird CLF sicher versuchen, billig an KWG zu kommen – wenn sie es schaffen, den Zusammenschluss zu verhindern. Möglicherweise braucht man einen längeren Atem. Aber es könnte auch anders gehen. Mein Idealszenario wäre der Zusammenschluss – wie im Abkommen beschrieben – und anschließend ein zähneknirschendes realistisches Angebot von CLF für den SPQ-KWG-Verbund. Wie hoch das sein könnte, erfahren wir vielleicht durch die externe Bewertung von KWG bis Montag - wenn sie denn gemacht wird. Es bleibt spannend.

Hier zum Nachlesen:
http://www.republicofmining.com/category/ontarios-ring-of-fi…

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.704.668 von manieredevoir am 18.06.10 13:20:36

Hi
halte meine shares nun doch weiter,da die zum Parikurs gestellten in
Frankfurt nicht weggehen! Nach deinem Posting hab ich die Dinger eh storniert, KWG und Spider kennt in D keine Sau ,hab leider nicht in Kanada gekauft und kann nun nur hoffen, dass das Angebot von Cliffs aufgestockt wird. Warum sollte ich hier meine shares unter pari verkaufen?
Und in D gekaufe shares kosten Lagerstellengebührwechsel ,wenn man die in Canaksland verkauft! Hat jemand Erfahrung damit? Consors lässt sich nicht festlegen, das käme darauf an,blahblah welcher Broker in Kanada etc.

Will see

Da Cliffs immer aktiver im Ring wird versuche ich alle anderen
wie NOT und FWR PRB UC aufzustocken....
wenn KWG/SPQ 0,2 CAD bingen könnte ich mit 200% auch gut leben.....

Good Luck allen im Ring

GG

[HeinzBork]

Antwort auf Beitrag Nr.: 39.707.450 von GroovelessGolf am 18.06.10 21:55:37

Kostet so um die 25-30 € bei comdirect und auch bei direktanlage.at, ahbs gerade hinter mir, weil die Kursfeststellung und die Kurse an sich immer mit fettem Aufschlag waren.

[Fantomas96]

Antwort auf Beitrag Nr.: 39.707.450 von GroovelessGolf am 18.06.10 21:55:37

Da Cliffs immer aktiver im Ring wird versuche ich alle anderen
wie NOT und FWR PRB UC aufzustocken

FWR aufzustocken bringt allerdings nichts mehr !

(Kleiner Scherz !)

Für Handel in Kanada empfehle ich Flatex: € 25 flat pro Trade, kenne nichts Günstigeres und Besseres !

Lagerstellenwechsel kann je nach Broker bis zu € 70 kosten.

Gibt´s den SPQ/KWG Merger könnte Deine Zahl zwar immer noch zu niedrig sein, aber mangels anderer Bieter vielleicht von Cliffs gezahlt werden.

Viel Glück.

FANTOMAS

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.707.566 von HeinzBork am 18.06.10 22:35:51

Amigo!
wake me up at 20

so long

GG

PS: Thx, but you know,never chance a running system

[GroovelessGolf]

es wird wohl aufgebessert werden müssen, 0165 sind kein Zeichen,
um an dieses Juwel ranzukommen!

Für Alle!

Cliffs, ein US Bergbau Investor bietet hier für Spider
lächerliche 0,165 CAD

Die Frage ist warum?

Eisenbahn?
Chome?
Bodenschätze?
Vorherrschaft? Ja
Gold? Silber? Nein
Nickel? Vielleicht
PMs Platin? bestimmt, es ist bei Geologen bekannt,dass unter Chrome Vorkommen auch Palldium/Platim Rhodium zu finden ist!

noch Fragen?

Fazit:

Kaufen

GG

[Loif]

Antwort auf Beitrag Nr.: 39.707.450 von GroovelessGolf am 18.06.10 21:55:37

wie siehst Du die Gewinnspanne bei FWR?

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.707.762 von Loif am 18.06.10 23:55:25

Danke Loif dass Du mich zum Narren machst mit FWR!

aber ich sage Dir mit Freewest habe ich Gewinn gemacht im Ring!

zwar net so dolle aber immerhin gösser als 100%

und Du?

wo bist Du mit mehr als 90% minus drinn?

Gruss

GG

[supernova1712]

Antwort auf Beitrag Nr.: 39.704.668 von manieredevoir am 18.06.10 13:20:36

Aus Deinem verlinkten Artikel:

About $100 million will be spent by KWG Resources and their mining partners in environmental and other consulting studies before any approval for mining is ever given.

Wäre interessant zu wissen wo das Geld dazu herkommen soll!
Meinungen?

Freundliche Grüße
supernova

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.709.292 von supernova1712 am 19.06.10 19:34:15

100 millions US sind 10 Millionen hier in D ?

was solls?!

Millions oder Billions oder was auch immer....Milliarden für Grichenland? das Finanzsystem ist kaputt....

Das Öl läüft weiter aus, Milliarden können den Schaden nicht wieder gut machen... rien ne va plus

faites votre jeu

[GroovelessGolf]

sry last Posting, Thema verfehlt!
nun Spq immer noch zu 0,16 gehandelt, obwohl das Angebot von Cliffs
0,165 ist.... wer verschenkt hier Geld, oder sind das die Ordergebühren, die dem Käüfer gewährt werden?

Komische Zeiten, keiner traut dem Anderen, hehe

KWG ruckelt n bisschen, 0,125 sind natürlich n Schnäppchen hier

GG

[Austro-Miner]

Hallo Spiders

Es wird wieder spannend !!!

Investment Industry Regulatory Organization of Canada -Trading Halt - Spider Resources Inc. - SPQ - VSpider Resources Inc SPQ
6/25/2010 10:20:00 AMVANCOUVER, Jun 25, 2010(Canada NewsWire via COMTEX News Network) --
The following issueshave been halted by Investment Industry Regulatory Organization ofCanada (IIROC):

<< Issuer Name: Spider ResourcesInc. TSX-V Ticker Symbol: SPQ - V Time of Halt: 10:11 am ESTReason for Halt: Pending News >>

SOURCE: InvestmentIndustry Regulatory Organization of Canada (IIROC)

SOURCE:Investment Industry Regulatory Organization of Canada (IIROC) -Halts/Resumptions

contact - IIROC Inquiries [phone] - *Please note that IIROC is not able to provide any additional informationregarding a specific trading halt. Information is limited to generalenquiries only.

Copyright (C) 2010 CNW Group. All rights reserved.

[doppelkeks]

Antwort auf Beitrag Nr.: 39.739.303 von Austro-Miner am 25.06.10 18:20:01

Ich warte schon länger auf die Nachbesserung des Angebots

[HeinzBork]

Cliffs Natural Resources Raises All-Cash Offer For Spider To Cdn.$0.19 With Support of Spider’s Largest Shareholder
http://www.streetinsider.com/Press+Releases/Cliffs+Natural+R…

Lock-up With Spider’s Largest Shareholder

Cliffs’ lock-up agreement is with Toronto-based MineralFields Group (“MineralFields”), Spider’s largest shareholder. MineralFields owned approximately 13.8% of Spider’s shares outstanding as at the record date of June 4, 2010 for the special meeting of Spider shareholders to vote on the Merger. MineralFields has agreed to tender to Cliffs' Revised Offer and to vote against the Merger. Cliffs currently holds approximately 4.2% of Spider on a fully-diluted basis. In aggregate, Cliffs, Spider directors and officers, and MineralFields, through ownership of shares, options, and warrants of Spider, own approximately 21.5% of Spider’s shares on a fully-diluted basis.

[doppelkeks]

Antwort auf Beitrag Nr.: 39.740.662 von HeinzBork am 26.06.10 08:40:06

Danke fürs Einstellen der Nachricht,
ich hab mir den RSS-feed von Spider abonniert, aber da kams nicht!

[doppelkeks]

Antwort auf Beitrag Nr.: 39.741.798 von doppelkeks am 26.06.10 19:16:21

Aber warum auch - die Nachricht ist ja nur das was sowieso erwartet wurde!

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.741.806 von doppelkeks am 26.06.10 19:18:37

Umsatz Canada schlappe 21,5 Millions
Umsatz D : bärenstarke 0 Stücke!

sollen se den Handel in FFT einstellen!

KWG:


zu 0,12 CAD ???
Umsatz 5,5 Millions!!

UC:
knapp 600k nun 0,95


Die Zocker gehen nun in UC, hartgesottene setzen schon lange auf Probe Mines



GG

[Timesystem1002]

grooveless

was erwartest Du für Probe?

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.748.732 von Timesystem1002 am 29.06.10 01:00:28

wenns läuft für PRB 1,50 minimum

Fancamp(FNC)traue ich innerlich 2-3 CAD zu

die Zeiten werden kommen!!!

GG

[supernova1712]

PRESS RELEASE

Symbol on TSX-Venture :

KWG.V
Shares issued and outstanding:
589,549,206

June 29, 2010

SPIDER AND KWG ANNOUNCE DISCOVERY OF A NEW KIMBERLITE ON DIAGNOS INITIATIVE PROJECT
“RING OF FIRE” AREA

Spider Resources Inc. (“Spider”– TSXV:SPQ) and KWG Resources Inc. (“KWG” – TSXV:KWG) are pleased to announce the discovery of a new kimberlite located on the eastern edge of the “Ring of Fire” exploration area and in the vicinity of the Kyle swarm of kimberlites. The new kimberlite is called Kyle #6 and was hidden beneath 35 metres of Paleozoic carbonate cover rock including limestone and dolomite. As of 7 am this morning vertical Hole DGN-10-01 intersected diatreme facies kimberlite between 35 metres and 111 metres downhole. Drilling continues with one drill rig on this new discovery. A second hole is currently being planned to continue the test of this new kimberlite. Samples will be sent for diamond content testing upon completion of the program. The Diagnos Initiative project is funded equally by Spider and KWG on a 50:50 basis.

The target anomaly was prioritized for acquisition and follow-up several years ago using a combination of regional airborne fixed wing magnetic geophysical methodology, local helicopter magnetic surveying, as well as a regional review by Diagnos Inc. (“Diagnos” – TSXV:ADK) using their proprietary Computer Aided Resource Detection System “CARDS” methodology for screening out and prioritizing anomalies. For more information on CARDS please follow the link to Diagnos website www.diagnos.com

The current drill test is a follow up to a ground magnetic geophysical program completed in 2006 as well as a recent horizontal loop electromagnetic “HLEM” program completed about a week ago. The HLEM program concluded that the distinct magnetic feature was not conductive, ruling out the possibility of sulphides being the cause of the magnetic signature, providing more confidence in the initial interpretation of kimberlite source. Billiken Management Services Inc. of Toronto, Ontario is providing services for the program, under the field supervision of Patrick Chance M.Sc. P.Eng., an independent qualified person as defined by National Instrument 43-101.

About Spider Resources Inc.
Spider is the “Spark that set off the Ring of Fire”. Spider, the pioneer explorer in the James Bay Region of Northern Ontario since 1993, was responsible for the discovery of eight kimberlites (1994-95), ten VMS occurrences, including two VMS deposits (2002-2006), and one chromite deposit (2006). Regional geophysical surveying and other exploration efforts as initially conducted by Spider formed the exploration data-set that lead to the first discovery of chromite in the area in February 2006, in a peridotite intrusion, and about a year later lead to the eventual discovery of additional chromite deposits and related Magmatic Massive Sulphide Nickel Deposit by others. Spider is a Tier 2 Canadian exploration company, quoted for trading on the TSXV under the symbol SPQ. There are currently 568,520,113 shares issued in Spider. Spider has approximately $10.6 million in working capital at present with approximately $1.7 million earmarked for flow-through expenditures in the current year.

For further information concerning Spider Resources Inc., please contact:

Neil D. Novak, P.Geo.
President and CEO
Direct: 416-203-8636
Email: [e-mail]
Website: www.spiderresources.com.


About KWG Resources Inc.
KWG is a mineral exploration company with extensive claim holdings in the James Bay Lowlands of Northern Ontario, Canada, where important discoveries of nickel and chromium have been made recently in the Ring of Fire. KWG has an equal participating interest in a large claim block in the central part of the discovery area, with Spider. The co-optionees are developing the Big Daddy Chromite Deposit adjacent to the Black Thor and Black Label chromite discoveries of Freewest Resources Canada Inc. In addition, KWG holds a 1% net smelter royalty in all three prospects and has created Canada Chrome Corporation to pursue the development of them.

For further information concerning KWG Resources Inc., please contact:

Bruce Hodgman
Communications Director
Tel: [phone]
Email: [e-mail]
Website: www.kwgresources.com.

About DIAGNOS

Founded in 1998, DIAGNOS is a publicly traded Canadian corporation with a mission to commercialize technologies combining contextual imaging and traditional data mining thereby improving decision making processes. DIAGNOS offers products, services, and solutions to clients in a variety of fields including natural resources, healthcare, and entertainment.

André Larente, President
Telephone: [phone] or [phone], ext.: 224
Email: [e-mail]
Website: www.diagnos.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


http://de.wikipedia.org/wiki/Kimberlit

Kimberlit
Der Kimberlit ist ein olivin- und phlogopithaltiges, blaugrün bis schwarzes ultramafisches Gestein magmatischen Ursprungs, das zur Gruppe der Peridotite gerechnet wird und akzessorisch Diamanten führen kann.
...

Was meint Ihr dazu?

Freundliche Grüße
supernova

[supernova1712]

Wie überraschend

KWG SPECIAL COMMITTEE DETERMINES THAT CLIFFS’ AMENDED OFFER
IS NOT A SPIDER SUPERIOR PROPOSAL

Montréal, Canada– June 29, 2010 – The Special Committee of the Board of Directors of KWG Resources Inc. (“KWG”) has determined that the amended offer of Cliffs Natural Resources Inc. (the “Amended Offer”) in respect of the common shares of Spider Resources Inc. (“Spider”) is not a Spider Superior Proposal (as defined in the combination agreement among KWG, its wholly-owned subsidiary, 7569076 Canada Inc., and Spider dated as of June 11, 2010). KWG understands that Spider’s board of directors concluded that the Amended Offer constituted a Spider Superior Proposal within only one hour or less of receipt of the Amended Offer.

The Special Committee of KWG, with the assistance of its financial and legal advisers, will continue to consider what steps to take as a result of the foregoing determination.
...

Freundliche Grüße
supernova

[blackwhiteknight]

Antwort auf Beitrag Nr.: 39.754.715 von supernova1712 am 29.06.10 23:32:15

Wie überraschend ......

Wie hoch geht die Reise? Ich meine, das Doppelte der ursprünglich gebotenen 0.13 CA$ können sich beide, Cliffs und KWG leisten. Und das ist mMn der Boden.

Ob Aufkauf durch Cliffs, ob Merger mit KWG, ich meine, Hauptsache man besitzt derzeit Spideraktien.

[Timesystem1002]

Antwort auf Beitrag Nr.: 39.756.994 von blackwhiteknight am 30.06.10 13:17:48

ich hielt eigentlich KWG für die "aussichtsreichere"
Und Probe und UC auch..., gut, aber Spider ist die für die geboten wird.. und der Markt hat immer recht.

[powertecc]

Antwort auf Beitrag Nr.: 39.756.994 von blackwhiteknight am 30.06.10 13:17:48

Ob Aufkauf durch Cliffs, ob Merger mit KWG, ich meine, Hauptsache man besitzt derzeit Spideraktien.

Als ich nachgekauft habe, habe ich versehentlich zweimal geordert. Irgendwie hatte ich dann das Gefühl, dass das so schon seine Richtigkeit hatte und hab die doppelte Portion eben in Depot genommen. Ich habs nicht bereut. Der Kursgewinn ist mehr als erfreulich seither.

[Fantomas96]

So, das war´s !

Spider geht an Cliffs für CAD 0,19 !

Damit hat Cliffs jetzt 73,5% an Big Daddy und braucht KWG nicht mehr, damit dürfte auch der KWG-Kurs nach unten gehen. (KWG bekommt noch C$ 2,3 Mio. brake-up fee).

SCHADE ! Wieder mal haben die Kleinanleger das Nachsehen (nach FWR) und Cliffs kommt für einen Appel und ein Ei an Milliardeneinnahmen pro Jahr, wenn die Chrommine dann ab 2015 läuft !


http://www.reuters.com/article/idAFN0224778620100703?rpc=44


* Spider agrees to C$0.19/shr Cliffs bid

* KWG told Spider it will not match Cliffs offer

* Deal will give Cliffs majority in Big Daddy


NEW YORK, July 2 (Reuters) - Spider Resources Inc (SPQ.V) agreed to a takeover by Cliffs Natural Resources Inc (CLF.N) and ended a deal with KWG Resources Inc (KWG.V), giving up on its efforts to fend off Cliffs' unsolicited overtures.

Cliffs said Spider agreed to back its all-cash, 19 Canadian cents per share bid, implying a total equity value of C$125 million for the mining exploration company.

The move will give Cliffs majority stake of the Big Daddy project in northern Ontario, part of the so-called Ring of Fire, said to be one of the world's largest chromite deposits.

Chromite is an essential raw material for the production of chromium, which is used in the production of stainless steel.

KWG and Spider each own 26.5 percent of the Bid Daddy chromite deposit on the west side of Canada's James Bay. Cliffs, a U.S. based iron ore and coal producer, currently owns 47 percent of the deposit.

The battle started in May when Cliffs said it would launch offers for both KWG and Spider, prompting the two targets to announce they would merge under the KWG banner in a complicated all-stock deal.

Cliffs said on Friday Spider was informed by KWG that it will not submit an offer to match its C$0.19 per share bid for Spider. Spider paid KWG a termination fee of C$2.3 million and agreed to support Cliffs bid. (Reporting by Paritosh Bansal, editing by Bernard Orr)



FANTOMAS

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.772.835 von Fantomas96 am 03.07.10 13:42:40

Hi F96

Gibts jetzt Cliff shares für SPQ Aktein oder cash?
dachte voting ist der 6.7.10

warum braucht Cliffs KWG nicht mehr?
dachte mit denen haben sie die Eisenbahnrechte?

warum schreibt einer auf Angorakatze ...there was no voting!

was solllte man nun tun? werden spq shares noch gehandelt?

umschichten GNH oder EAG for golden times?

thx for clearing


Grüsse

GG

[supernova1712]

Antwort auf Beitrag Nr.: 39.772.835 von Fantomas96 am 03.07.10 13:42:40

Spider geht an Cliffs für CAD 0,19 !

Stimmt – Die SPQ-Story wird wohl demnächst enden. Für 0,185 CAD sofort am Markt verkaufen oder noch ein paar Wochen warten, bis die 0,19 von Cliffs kommen – beides ist vertretbar. Als großer Optimist kann man vielleicht noch an weitere ca. 2 Cent zusätzlichen „Beschleunigungszuschlag“ als Nachbesserung von Cliffs glauben, aber das wird es dann wohl gewesen sein. Sehr schade, auch wenn es natürliches schlimmeres gibt als die Verdreifachung eines Investments in 7 Monaten.

Damit hat Cliffs jetzt 73,5% an Big Daddy und braucht KWG nicht mehr, damit dürfte auch der KWG-Kurs nach unten gehen. (KWG bekommt noch C$ 2,3 Mio. brake-up fee).

Fantomas, ich hätte nie gedacht, dass ich Dir mal widersprechen müsste.

26,5% an Big Daddy gehören weiterhin KWG, derzeit sind sie meines Wissens dort auch Operator. Außerdem haben sie die 1% NSR und vor allem die Bahnrechte, die die wichtgste Voraussetzung dafür sind, dass im ROF irgendwann einmal kommerziell Bergbau betrieben werden kann!
Und Spiders Zahlung von 2,3 Mio. tun der KWG-Firmenkasse natürlich auch gut.

Beim besten Willen, ich kann mir nicht vorstellen, dass Cliffs nicht nach einer Schamfrist nochmals versuchen wird, sich KWG zu schnappen. 19,5% der Aktien haben sie ja schon.

Freue mich auf weitere Meinungen!
Und natürlich die Frage: Was tut Ihr jetzt mit Euren „Spider-Millionen“?

Freundliche Grüße
supernova

[GroovelessGolf]

Antwort auf Beitrag Nr.: 39.774.843 von supernova1712 am 04.07.10 22:07:52

Hi SN
hab nun in Canada für,0185 verkauft.
Hab mit CConsors telefoniert, keine Lagerstättenunlegungsgebühr für SPQ !
also netto die 185 bekommen, obwohl in FFT gekauft.
Und hier in FFT gehen die Dinger pari net über den Tresen! die wollen noch extra verdienen!gieriges Banker/Brokerpack!

soodale, werde mich mal auf die Lauer legen bei FIS GNH bzw irgendwelchen
von Fantomas vorgestellten Perlen in spe.... war da net was Fanto ?
EAG / Windfall ist mir zu durchgekaut, irgendwas is da faul! (nur Bauchgefühl)

Grüsse in die Runde im RoF

und tschau hier bei SPQ

GG