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

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I realy liked reading this paragraph

posted on Jun 11, 2008 08:43AM

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.

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