ONTARIO — Eight of nine recent drill holes at the Big Daddy chromite deposit in the Ring of Fire encountered chromite mineralization in excess of 35% Cr2O3 over significant widths. The news was made public by partners Freewest Resources of Montreal (50%), Spider Resources of Toronto (25%) and KWG Resources of Montreal (25%).
Hole FW-09-36 encountered 86.2 metres of chromite mineralization between 9.8 metres to 96.0 metres downhole. The initial 11.2 metres of chromite mineralization averaged 40.14% Cr2O3, and the last 48.35 metres averaged 41.35% Cr2O3.
Another hole, Hole 33, hints at a nearby primary nickel source. After passing through 11.0 metres that averaged 40.29% Cr2O3, the drill entered a narrow nickel sulphide-filled fault zone that averaged 2.74% Ni, 0.12% Co and 1.04 g/t Pt+Pd over 1.0 metres. A sample selected for petrographic analysis was determined to contain a low temperature alteration assemblage of minerals including godlevskite along with veinlets of mackinawite.
Neil Novak, president of Spider Resources said, “We are extremely pleased with the consistency of the drill results we are receiving from the Big Daddy chromite project, that are all typically in excess of 40% Cr2O3 over very good widths. The discovery of the nickel mineral godlevskite is intriguing, particularly as its source is considered proximal to Big Daddy, perhaps within only a few hundred metres.”
Complete information about the Big Daddy project is available at www.KWGResources.com.