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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Voting NO!

Voting NO!

posted on Jun 03, 2008 12:14PM

After reviewing the various posts on the RS issue, I called the office to see if my original vote could be changed.

After directing me to Equity Transfer, my decision to vote against has been submitted.

Just thought I would pass on this email that Spider's office forwarded to me, after I questioned the delay in information.

Hopefully, this will inform us of the complexity of these assays, and why results are sometimes slow in getting out.

The meeting on the 19th should be quite interesting......looking forward to seeing some of you there.

GLTA

misameda


----- Forwarded message from info@spiderresources.com -----
Date: Mon, 26 May 2008 11:02:56 -0400
From: info@spiderresources.com
Reply-To: info@spiderresources.com
Subject: From Neil Novak


The labs are all backlogged with samples. Having said this, the sample procedure for chrome is very complex, involving several steps. As presented in the last press release, there is a first pass multi-element analysis that indicates that yes there is anomalous chrome levels in certain samples from various holes. This merely lets us know that the respective sample has to re-tested using different, much more expensive, and time consuming methodology. The second process involves the use of INAA (nuclear activation, using a nuclear reactor to liberate the chrome from the silicates at the atomic level). This takes a few more weeks, but provides the correct analysis that can be released as total chrome content and total Cr2O3 content. Spider does not give out partial or incomplete results, nor do any of the other explorers in the McFaulds Lake area. Hole
FWR-08-05 underwent the first analysis as it was the first one through the system being the first hole drilled this program, and was cued early to get to the reactor, the results from Hole 5 were released within a day of receiving the final assay. Hole 6 and 7 drilled later have also undergone the first analysis and are currently in the cue for the reactor, these results will be released once we receive them, not before. No, I do not call the lab every day. They report to me immediately of all preliminary results as they become available, not before. Unfortunately that is the way it is, you need to get the results before you release them. The time lag has no bearing whatsoever on the values of the samples.

Neil Novak, P.Geo.
President Spider Resources Inc.

----- End forwarded message -----

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