posted on
Oct 10, 2009 04:23PM

Welcome To The Spider Resources HUB On AGORACOM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

Message: Big Daddy
From the recent news release
Drilling Program
Drilling commenced September 23, 2009 on hole FW-09-24 located on Line 1400E @ 1700N; drilling at 135o azimuth, with an initial dip of -50o. Intermittent chromite beds in a serpentinized dunite were intersected between 64.6 and 86.0 metres downhole. Chromitite was intersected between 101.9 and 132.2 metres downhole (30.3 metres of massive chromite). The hole was stopped at 136.4 metres in pyroxenite on September 26th.
A second hole FW-09-25 was started on September 26, 2009 on Line 1400E @ 1800N with an initial azimuth of 135o azimuth, with an initial dip of -50o, designed to undercut hole FW-09-24. Intermittent chromite beds were intersected between 153.4 and 233.9 in a serpentized dunite. This was followed by chromitite from 233.9 onwards to 271.9 metres downhole (38.0 metres of massive chromite). The hole was stopped at 341.0 metres in pyroxenite on September 30, 2009. Assays are pending on this hole. The first drill is moving onto its' third hole setup.
The second drill crew arrived on September 26, 2009 and are in the process of moving the second rig onto its' first site. It is anticipated that this rig will commencing drilling on October 1, 2009 . There are ~28 holes planned for the current drill program, testing the Big Daddy Chromite Occurrence along its entire geophysically inferred strike length (estimated to be in excess of 1 kilometer) to a depth of 250 metres.
By that the first hole was drilled in 3 days, to a length of 136.4 metres and the second in 4 days to 341 metres. So time depends on what they find downhole, to some extent, since they want to get down to the bottom of the deposit, where I believe there is a stronger chance of finding those valuable PGMs. Remember too that because these holes are not going vertically down, depending on the angle, it may need a much longer downhole measurement to reach the same depth from surface.
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