NOT has known for 3 years that Big Daddy has PGEs sandwiched with the chromite.Why would they wait so long to assay their Blackbird cores for it?We shouldn't assume that the mineralization will be consistent over those distances.
TORONTO, ONTARIO--(CCNMatthews - March 7, 2006) - Spider Resources Inc. (TSX VENTURE:SPQ) and KWG Resources Inc. (TSX VENTURE:KWG) and Freewest Resources Canada Inc. (TSX VENTURE:FWR) are pleased to announce the completion of their winter exploration program on the Freewest option property, located approximately 15 kilometers SW of the McFaulds Lake volcanogenic massive sulphide ("VMS") project in the Greater James Bay region of Northern Ontario. Highlights of the exploration program included the discovery of a chrome-platinum-palladium bearing peridotite, where two layers of massive chromitite were encountered. The upper layer of massive chromitite assayed 22.7% Chrome, 0.166 g/t Platinum, 0.24 g/t Palladium over 1.05 meters, while the lower layer assayed 23.7% Chrome, 0.21 g/t Platinum and 0.462 g/t Palladium, over 0.6 meters. Spider and KWG jointly funded the exploration program where $200,000 needed to be expended by February 28, 2006, thus completing the initial option requirement to earn 50% in this project from Freewest. Spider and KWG shared the cost of this program 50:50 each contributing a minimum of $100,000 to the project. Final costing of the program is currently being prepared.
cs.