HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: Rumour

for those trying to decide between

posted on Sep 14, 2007 03:27PM

SPQ and KWG - found this little tidbit in Feb. 2006 NR from SPQ:

 May change your mind :

Since the management of KWG is more interested in advancing the McFadyen diamond project, Spider Resources will allow our interest to be diluted down to a 33.3% ownership initially in that project. This will allow your company to concentrate our efforts to advancing the exploration at the McFaulds Lake VMS properties, where we would like to continue to explore and determine the economic significances of our earlier VMS discoveries. We will also continue to work on the diamond exploration programs near McFaulds Lake and at the Kyle series of kimberlites in the James Bay Lowlands, and also our diamond exploration work near Wawa, Ontario. Under the terms of the proposed arrangement, KWG will allow its interest in those projects to be diluted down to a 33.3% interest.

FYI

Coop

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