HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"

NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)

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Message: A fairy tale in response of the varous rumours.

A fairy tale in response of the varous rumours.

posted on Feb 14, 2008 01:34AM

I do not have a glass bowl nor do I have a fairy wand.

But I do have a magical looking-glass.

It has never let me down. Every answer was spot on. 

So I asked what the future for Mc Faulds has instored for me. Before I give you the answer, the mirror said, do not question history, for you will not be worthy of the future.

This was the answer: (after reading I realised once again the mirror was right and I am more than ever confident in the future. This post will be history tomorrow btw.)

“Spider starts drill program at Kyle #3 kimberlite, James Bay Lowlands, Ontario. News releases Spider of  May 3, 2000; June 27, 2000; July 10, 2000; October 31 2000. 

“This preliminary diamond grade result ranks the Kyle #3 kimberlite dike as one of the highest grade diamond bearing kimberlite bodies in the Province of Ontario to date” 

SPIDER RESOURCES INC. and joint venture partner KWG RESOURCES INC. report the discovery of 11 new diamond bearing outcrops on their jointly-owned, 45 square kilometer Wawa property in northern Ontario News release Spider of  March 13, 2002 

SPIDER RESOURCES INC. Reports 2.617 carat/tonne regional sample from Wawa project News release Spider of  October 16, 2002 

SPIDER RESOURCES INC. AND KWG RESOURCES INC. IDENTIFY NEW "VMS BELT" IN ONTARIO LOWLANDS REPORTING GRADES AS HIGH AS 7.09% COPPER News release Spider of  October 23, 2002 

Massive Sulphide Zone Located While Drill Testing New Geophysical Anomaly News release SPQ of  October 14, 2003 

McFauld’s VMS drilling intersects 13.8m of 5.5% Copper, including higher grade zone over 4.6m averaging 10.4% Copper News release Spider of  February 19, 2004 

McFauld’s Hole #45 intersects 5.2 meters Massive Sulphide, Greater than 30% Zinc over 0.75 metersNews release Spider of  September 13, 2004 Massive Sulphide grading 8.02% Copper over 18.8 meters at McFaulds Lake, Northern Ontario News release Spider of  November 8, 2004 

UC Resources Limited and Spider Resources Inc. Intersect 4.35% Zn, 2.69% Cu, 0.35 g/t Au and 6.63 g/t Ag Over 19 Metres at VMS

Project in Northern Ontario Probe Mines Discovers Copper Zone on McFauld's Lake Property News release Probe October 12, 2005 

High Grade Copper Mineralization Discovered on Probe Mines McFauld's Lake Property, including 7.8m of 3.1% Cu News release Probe November 1, 2005 

Probe Mines: Identifies New Conductors Near Recent VMS Discovery News release Probe January 17, 2006 

KWG Resources Inc., Spider Resources Inc. and Renforth Resources Inc. Begin Exploration of Kyle Kimberlies; Collect 550 Kg. in First Two Holes Testing Kyle 2 News release  KWG November 15, 2006 

MacDonald's Initiates January Exploration Program on its MacNugget Drill Ready Targets....Area Play in McFauld's Lake/James Bay Lowlands Heats Up With Multiple Companies Announcing Early 2006 Exploration Programs.... First Tranche Financing Completed  News release MacDonald January 3, 2006 

MacDonald Mines Completes Ground Geophysics on the McNugget Property - Identifies Multiple Strong Drill Target Anomalies. Drilling of these Targets to Commence in March. News release MacDonald March 1, 2006 

MacDonald Mines: Five Drill Holes Along A Strongly Anomolous 4.6 Km Trend Hit Massive & Disseminated Sulphides All With Visible Copper & Zinc Mineralization  News releases MacDonald May 1, 2006 , June 7, 2006 , September 18, 2006, October 5, 2006 

“Highlights of the spring 2006 campaign included holes MN-06-17 with 9.00m at 0.43% Cu, 3.1% Zn and 18.73 g/t Ag, including 2.66m at 7.07% Zn; MN-06-19 with 6.49m at 0.64% Cu, 2.92% Zn and 18.84 g/t Ag, including 2.79m at 5.21% Zn; and MN-06-14 with 2.57m at 1.01% Cu, 2.49% Zn and 31.00 g/t Ag.” 

MacDonald Mines: McNugget Expands VMS Zones and Intersects Higher Tenor Mineralization News release MacDonald December 18, 2006 

MacDonald Intersects New Nickel Sulfide Zone on McNugget Property, James Bay Lowlands News releases MacDonald June 14, 2007 

MacDonald Mines Acquires a Significant Geological Favorable Land Position Similar to the Ground Hosting the Spectacular Noront Nickel-Copper Discovery News release MacDonald September 19, 2007 

Noront Resources Ltd.: Double Eagle Project, James Bay Lowlands News releases Noront of  August 29, 2007; September 10,  2007; September 13, 2007; September 19, 2007; September 25, 2007; September 27, 2007; October 10, 2007; October 30, 2007; November 6, 2007; December 21, 2007; January 3, 2008;  January 28, 2008. 

“Hole NOT-07-01 final assay results include; 36 meters averaging 1.84% Nickel, 1.53% Copper, 1.14 g/t Platinum, 3.49 g/t Palladium, 0.13 g/t gold and 4.8 g/t silver. 

Hole NOT-07-05 final assay results include; 68.3 meters averaging 5.9% nickel, 3.1% copper, 2.87 g/t platinum, 9.78 g/t palladium, 0.61 g/t gold and 8.5 g/t silver.3 meter section of hole averaged 8.7% nickel, 10.9% copper, 40.79 g/t platinum, 14.57 g/t palladium, 9.39 g/t gold and 8.7 g/t silver 

Hole NOT-07-07 undercut hole NOT-07-05 intersected the main mineralized zone starting at 72 meters core length and remained in it until 123.5 meters, for a total of 51.5 meters which included massive sulphide mineralization between 75.2 and 89.5 meters (14.3 meters) core length that averaged 2.5% Cu, 6.3 % Ni, 5.92 g/t Pt, 16.21 g/t Pd, 0.24 g/t Au and 8.3 g/t Ag. 

Hole NOT-07-09 intersected the mineralized zone at 43 meters core length and remained in it until 88.6 meters for a total intersection of 45.6 meters. This mineralized zone included two massive sulphide sections totaling 22 meters. Assays for the 17.4 meter upper massive sulphide section averaged 3.87 % Cu, 4.82 % Ni, 1.02 g/t Pt, 14.78 g/t Pd, 0.27 g/t Au and 11.3 g/t Ag (Pd values pending), while the lower 4.6 meter massive sulphide section averaged 2.01 % Cu, 8.3 % Ni, 0.14 g/t Pt, 0.23 g/t, 11.53 g/t Pd, Au and 5.1 g/t Ag; Hole NOT-07-11 encountered two massive sulphide zones separated by weakly mineralized peridotite; first massive sulphide zone between 58.5 and 60.1 meters (1.6 meters averaged 4.82% Cu., 7.11% Ni., 2.53 g/t Pt., 14.65 g/t Pd., 0.19 g/t Au., and 14 g/t Ag.) followed by a second massive sulphide section between 74.5 and 75.8 meters (1.3 meters averaging 4.43% Cu., 7.37% Ni., 1.08g/t Pt., 18.1g/t Pd., 0.22g/t Au and 13 g/t Ag).

NOT-07-11 was reviewed and found to contain mineralized sulphides over greater lengths than previously reported (November 6, 2007). 

Hole NOT-07-12 intersected mineralized peridotite between 81.5 meters and 176 meters including a massive sulphide zone between 82.5 and 92 meters downhole. This 9.5 meter section averaged 1.54% Cu., 6.99% Ni., 2.61 g/t Pt., 10.07g/t Pd., 0.15g/t Au and 5.21g/t Ag. Then from 92 to 113 meters a semi-massive section of sulphides was encountered consisting of pyrrhotite, pentlandite and chalcopyrite, followed by net textured nickel and copper sulphide mineralization to 176 meters. 

NOT-07-14 between 52.8 meters to 56.4 meters, 3.6 meters of massive sulphides were intersected that averaged 3.43% copper, 7.45% nickel, 5.0 g/t platinum, 9.1 g/t palladium and 0.12 g/t gold, within part of a much larger intersection between 45.9 to 80 meters (34.1 meters) that averaged 1.22% copper, 2.28% nickel, 1.6 g/t platinum, 4.13 g/t palladium and 0.14 g/t gold. In addition a lower grade zone exists from 80 to 110 meters averaging 0.28% Cu, 0.59% Ni, 0.37 g/t Pt, 1.18 g/t Pd and 0.1 g/t Au. NOT-07-16 encountered a net-textured peridotite section combined with the massive sulphide section over 12.7 meters between 121.1 and 133.8 averaging 1.55% Cu, 2.4% Ni, 2.63 g/t Pt, 5.1 g/t Pd, 0.12 g/t Au and 4.5 g/t Ag. A lower grade section between 92.9 and 121.1 meters (28.2 meters wide) averaged 0.50% Cu, 0.57% Ni, 0.47 g/t Pt, 1.5 g/t Pt, 0.17 g/t Au and 1.5 g/t Ag. NOT-07-17 encountered the main mineralized zone between 96.5 meters and 177.5 meters downhole that over 81 meters averaged 0.77% Cu, 1.55% Ni, 0.91 g/t Pt, 2.97 g/t Pd, 0.13 g/t Au and 3.1 g/t Ag including a 7.5 meter wide massive sulphide intersection that averaged 1.54% Cu, 6.81% Ni, 2.17 g/t Pt, 6.62 g/t Pd, 0.15 g/t Au and 6.12 g/t Ag. NOT-07-18 intersected mineralization between 105.2 meters and 229.8 meters that over 124.6 meters averaged 2.39% Ni, 1.09% Cu, 1.12 g/t Pt, 3.86 g/t Pd, 0.28 g/t Au and 3.89 g/t Ag. This well mineralized zone contained an 18.8 meter massive sulphide mineralized section between 211 meters and 229.8 meters that graded 7.38% Ni, 3.18% Cu, 1.05 g/t Pt, 10.16 g/t Pd, 0.23g/t Au and 8.92 g/t Ag. 

NOT-07-19 encountered the main mineralized zone between 104.2 meters and 110.8 meters over a drill intersection of 6.6 meters that averaged 0.63% Cu, 2.32% Ni, 1.13 g/t Pt, 3.93 g/t Pd, 0.06 g/t Au and 3.01 g/t Ag. This 37.5 meter stepout to the south is quite encouraging as the grade remains consistent. 

NOT-07-27 intersected mineralization between 112.8 meters and 159 meters that over 46.6 meters averaged 6.25% nickel, 2.75% copper, 1.85 g/t platinum, 10.23 g/t palladium, 3.0 g/t gold and 10.3 g/t silver. This well mineralized zone contained a 35.6 meter wide massive sulphide mineralized section between 116.8 meters and 152.4 meters that graded 7.91% Ni, 3.45% Cu, 1.66 g/t Pt, 12.79 g/t Pd, 3.87/t Au and 9.27 g/t Ag. 

NOT-07-29 intersected mineralization between 18.3 meters and 84.2 meters that over 65.9 meters averaged 1.48% nickel, 1.1% copper, 1.18 g/t platinum, 2.94 g/t palladium, 0.12 g/t gold and 3.3 g/t silver.” 

 KWG and Spider To Drill Targets Beside Noront Discovery News release  KWG October 1, 2007 

Fancamp Exploration Ltd.: McFaulds Property-Preliminary Airborne Data Received “...shows, in particular, the definite linkage of the conductive magnetic high of the Noront Zone with the large, conductive magnetic anomaly on the Fancamp Property, some 300 metres to the SSE. This "Linkage" forms a less intensely magnetic corridor about 150m wide which trends southerly from the SW end of the Noront magnetic feature, for about 300 metres then swings east into the Fancamp ground.” 

Freewest Prioritizes Exploration Targets on its Mcfaulds Property, Ontario Freewest Flying Detailed Airborne Geophysical Survey on its McFaulds Property, James Bay Lowlands, Ontario News release  Freewest October 29, 2007 

KWG, Spider and Freewest Start Winter Exploration Program McFauld's Lake Area, Northern Ontario News release  Freewest February 4, 2008 

Hawk Uranium Inc. Increases Interest in Claims in McFaulds Lake Area of the James Bay Lowlands News release  Hawk October 1, 2007 

Work to Commence on the Hawk Joint Venture McNugget Claims in the McFaulds Lake Area of the James Bay LowlandsNews release  Hawk October 12, 2007 

Hawk's JV Partner-MacDonald Mines Exploration Ltd., Announces the Completion of the First Phase of Drill Program on the McNugget Property, McFaulds Lake Area, James Bay LowlandsNews release  Hawk January 22, 2008 

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