Project Freewest option

Exploration to Date

2003

• Airborne magnetic and electromagnetic survey completed over the entire property.  Several VMS (volcanogenic massive sulphide) Cu-Zn-Ag targets identified.

2004

• Grids “H” & “J” cut over those portions of the claims thought to have (based upon the airborne survey results) the best potential for VMS mineralization. Ground magnetic and MaxMin electromagnetic surveys completed to define drill targets.
• Core hole FW-04-01 drilled by Freewest intersected 2.4m of massive pyrite with no significant Cu-Zn-Ag values.

2005

• On December 2, 2005, Spider and KWG entered into an agreement with Freewest whereby Spider and KWG could earn a collective 50% interest in the property by expending $3,000,000 over 4 years. The property is referred to as the SKF Property. 

2006

• Three core holes with 804.5 cumulative length and focussed on VMS targets were drilled during the winter.  Hole FW-08-02 intersected 9.85m of semi massive pyrite with no significant Cu-Zn-Ag values.  FW-08-03 intersected 2 narrow Cr horizons with highly anomalous PGE  (platinum group elements) values.  FW-08-04 cut 2 mineralized zones with disseminated to semi massive pyrite with anomalous Cu values.

2008

• During the winter and summer months, 19 NQ size core holes with a cumulative length of  6094.7m were completed.  Holes FW-08-05, 06, 07, 08, 09, 12, 13, 14, 15, 18, 19, 20, 21, 22 & 23 were focussed towards tracing the Cr & PGE mineralization both along strike and to depth, while holes FW-08-10, 11, 16 & 17 were designed to test potential VMS targets.  The Cr mineralization is associated with an ultramafic/mafic intrusion comprising, from bottom to top, a dunite/peridotite base, pyroxenite and gabbro.  The Cr horizon, defined by the bottom of the lowermost massive Cr lens to the top of the uppermost massive Cr lens is situated at the top of the dunite/ peridotite unit and thickens appreciably to the northeast. 
• Massive chromite has been traced for 400m between lines 9+00E and 13+00E and to a depth of more than 300m.  The deposit is referred to as the “Big Daddy Chromite deposit”.  The Cr horizon is open to the NE and to depth.
• Assay intercepts for the Cr Horizon are as follows:

Note: Intercepts are core lengths and not true thicknesses.

• Initial metallurgical testing indicated that a product grading better than 46% Cr203 with a Cr:Fe ration >2.0 is achievable.

• Freewest informed Spider & KWG on December 31, 2008 that the minimum $3,000,000 expenditure had been met, and that Spider and KWG had each earned a 25% interest in the SKF Property.

2009

• That portion of the “J” grid on the property was re-cut and expanded to cover the potential extent of the Cr mineralization.  Magnetic gradient and gravity surveys (approximately 22 line km) were completed.  Results show that the known Cr mineralization correlates with a gravity high, and indicates that the mineralization probably continues for another 700m strike length to the NE to line 20+00E, and possibly to the boundary with the 100% owned Freewest property.
  
  
• Additional metallurgical test work has been initiated.  Results are pending.