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SPQ Spider Resources Com

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Share Name Share Symbol Market Type
Spider Resources Com TSXV:SPQ TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Freewest Resources Canada Inc., Spider Resources Inc. and KWG Resources Inc. Provide Assay Results for the Big Daddy Chromite Pr

07/12/2009 8:13pm

Marketwired Canada


Freewest Resources Canada Inc. (TSX VENTURE:FWR), Spider Resources Inc. (TSX
VENTURE:SPQ) and KWG Resources Inc. (TSX VENTURE:KWG) are pleased to provide
assay results for recently completed drilling at the Big Daddy Chromite property
located in the James Bay Lowlands of northern Ontario. The Big Daddy property is
currently a joint-venture involving Freewest Resources Canada Inc. (50%), Spider
Resources Inc. (25%) and KWG Resources Inc. (25%).


Assay Results for Recent Drilling:

Analytical results have recently been received for the first 7 holes of 22 holes
being assayed. Visual observations for these seven holes were previously
reported on October 14th 2009.


Holes FW-09-24 and 25 are located on Section 14+00E. Both encountered
significant chromite mineralization.


Holes FW-09-26 and 27 are located on Section 16+00E. Hole 26 failed to intersect
chromite mineralization. The targeted mineralization intended to be intersected
by this hole is interpreted to have been displaced by faulting, whereas Hole 27,
which undercut Hole 26, intersected two zones of massive chromite
mineralization, followed by a short intercept of Platinum and Palladium
averaging 1.66 g/t (Pt + Pd).


Holes 28 and 29, situated on Section 18+00E, both intersected significant widths
of chromite mineralization, in particular hole 29 which intersected 4 zones of
massive chromite mineralization, including a 75.2 metres interval averaging
43.4% Cr2O3. This intersection was followed by 1.8 metres of Platinum and
Palladium averaging 2.18 g/t (Pt+Pd).


Hole FW-09-30, drilled on Section 20+00E, entered massive chromite
mineralization immediately after the overburden.


The following table provides assay highlights for the first seven holes in the
recent program. Only those intersections that averaged greater than 35% Cr2O3
over significant widths are included in the highlight table. The chromite
mineralization surrounding the highlighted massive chromite mineralization is
typically of varying tenor, and consists of heavily disseminated plus / minus
intercalated thin (centimeter scale) to thick (meter scale) beds of massive
chromite mineralization. The amount of this mineralization that eventually may
be included in the reserves will not be determined until a feasibility study is
undertaken. For instance, in Hole 29, variable amounts of chromite
mineralization were intersected between 67.4 and 323.8 metres (256.4 metres),
however only 108.5 metres averaged in excess of 35% Cr2O3.


Assays for the remaining fifteen holes from the recent program will be released
when final results are available.




Assay Highlight Table:

----------------------------------------------------------------------------
  Hole #  From(m)  To(m)  Length(m)  Pd(g/t) Pt(g/t) Cr2O3%   Fe2O3%  Cr:Fe 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-24   73.5   80.3      6.8       0.26    0.23   41.01    21.10   1.90 
----------------------------------------------------------------------------
           100.9   132.2     31.3      0.17    0.23   40.63    23.40   1.70 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-25  232.1   270.4     38.3      0.17    0.24   42.17    21.35   1.93 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-26  no significant assays                
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-27  173.3   186.8     13.5      0.28    0.25   36.32    20.77   1.71 
----------------------------------------------------------------------------
           208.0   246.8     38.8      0.20    0.22   42.99    20.99   2.00 
----------------------------------------------------------------------------
           246.8   247.5     0.7       1.23    0.43                         
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-28   38.7   61.1      22.4      0.12    0.20   41.30    22.16   1.82 
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-29  117.0   136.0     19.0      0.50    0.23   40.02    19.92   1.97 
----------------------------------------------------------------------------
           226.0   230.7     4.7       0.46    0.27   37.90    20.39   1.82 
----------------------------------------------------------------------------
           234.8   244.3     9.6       0.32    0.39   38.33    19.70   1.90 
----------------------------------------------------------------------------
           248.6   323.8     75.2      0.23    0.25   43.40    21.26   2.00 
----------------------------------------------------------------------------
           323.8   325.5     1.8       1.69    0.49                         
----------------------------------------------------------------------------
                                                                            
----------------------------------------------------------------------------
 FW-09-30   24.1   32.8      8.7       0.26    0.26   40.92    22.61   1.77 
----------------------------------------------------------------------------



True widths of the chromite mineralization have yet to be determined, as this is
typically done once the geometry (attitude, dip and strike) of the entire
mineralized body is determined. The systematic drill pattern was designed to
delineate the Big Daddy Chromite Prospect along its entire strike length. The
chromite mineralized intersections are quite variable in apparent width due to
the geological nature of the intrusion.


Drill Program:

The current exploration program started on September 23, 2009, and included
twenty two drill holes totaling 6,777 metres. The program was curtailed on
November 22 due to abnormal weather conditions in the project area that were
hampering cost-effective progress, and causing additional safety and other
logistical concerns, drilling is anticipated to resume in early January. This
pause in drilling is being utilized to review drill and analytical results, and
also to adjust the drilling plan. More holes may be added, where warranted, in
certain areas of The Big Daddy Chromite Prospect based upon this internal mid
program review. Six holes remain to be drilled from the original planned budget,
and these will be strategically planned to infill and expand Big Daddy. The Big
Daddy Chromite prospect (a magmatic chromium deposit type) has been expanded
along its strike and depth. Since the discovery of chromite on the property in
March, 2006 (Hole FW-06-03), chromite mineralization has been established
between section 900 metres East to and including section 2100 metres East, for
an inferred strike length of 1300 metres, and to a depth of 325 metres. Big
Daddy remains open along strike in both directions and to depth. Some of the
planned expansion drilling will continue to explore the chromite mineralization
towards the northeast, where faults are found to have apparently offset Big
Daddy from the Probe "Creek Zone" and Freewest's "Black Thor".


As stated in the last release (Nov. 16, 2009), one drill hole tested a
coincident magnetic and electromagnetic anomaly, that straddled the border
between the Big Daddy property with four claims held by Freewest due north of
the Big Daddy Property. This hole encountered 10 metres of sulphide
mineralization consisting of thin wispy bands of up to 20% pyrite, pyrrhotite
and chalcopyrite between 104.0 metres and 114.0 metres down hole. Samples for
this entire sulphide section have been selected for assay and will be reported
upon once results are received.


Quality Assurance / Quality Control Protocol:

Stringent QA / QC procedures are followed. Samples are shipped to the laboratory
in batches of 35 samples. Each sample batch includes 2 standards, 1 blank, and 1
duplicate that are inserted on site, plus a duplicate coarse reject and 1
duplicate pulp that are prepared at the laboratory and inserted. In addition,
Actlabs also employs a rigorous in-house QA/QC regime which includes standards,
blanks and duplicates.


Once the final assays are received from Actlabs and prior to any data being
released to the public, a review of all QA/QC data is conducted by an
independent qualified person to ensure that the data released are within
predetermined norms.


Analytical Methodology:

All samples are assayed / analysed by Activation Labs (Actlabs) at either their
main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility.
Both laboratories are ISO accredited. All samples are




-  Analyzed for 35 trace and major elements including Cu & Ni by 4 acid
   digestion with an ICP finish (Actlabs code 1F2). Any samples for which
   the result(s) are over limit for either Cu or Ni are then assayed for
   these elements by ICP-OES. 
-  Assayed for Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs
   code 1C-OES). 
-  Assayed for 13 major element oxides, including Cr2O3 by fusion-XRF
   (Actlabs code 4C). 



For additional information on assay methodology visit the Actlabs website at
http://www.actlabsint.com.


Qualified Persons:

Spider's Vice President of Exploration Jim Burns P.Eng., along with Neil Novak
P.Geo., President of Spider, has prepared and reviewed this press release, both
of which are Qualified Persons under National Instrument 43-101


About Freewest

Freewest is a mineral exploration company actively exploring for gold,
base-metals and chromite within eastern Canada. Corporate information can be
accessed on the Internet at www.freewest.com. Freewest's shares are listed on
Tier 1 of the TSX Venture Exchange under the symbol FWR.


Georgeson Inc. is acting as Freewest's solicitation agent in connection with a
proposed Plan of Arrangement with Cliffs Natural Resources Inc. Georgeson may be
contacted as follows:




                                     Georgeson
                              100 University Avenue
                             11th Floor, South Tower
                                 Toronto, Ontario
                                      M5J 2Y1 
                                                
                North American Toll Free Number: 1-866- 433-7579
                Banks and Brokers Collect Number: 1-212-806-6859



Forward-Looking Statements

This news release contains statements that constitute "forward-looking
information" or "forward-looking statements" within the meaning of applicable
securities legislation. This forward-looking information is subject to numerous
risks and uncertainties, certain of which are beyond the control of Freewest
Resources Canada Inc. ("Freewest"). Actual results or achievements may differ
materially from those expressed in, or implied by, this forward-looking
information. No assurance can be given that any events anticipated by the
forward-looking information will transpire or occur, or if any of them do so,
what benefits that Freewest will derive therefrom. In particular, no assurance
can be given as to whether a proposed plan of arrangement with Cliffs Natural
Resources Inc. will be completed. Forward-looking information is based on the
estimates and opinions of Freewest's management at the time the information is
released and Freewest does not undertake any obligation to update publicly or to
revise any of the forward-looking statements, whether as a result of new
information, future events or otherwise, except as may be required by applicable
securities laws.


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