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Message: UC/SPQ/KWG Questions

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johndefur

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Re: UC/SPQ/KWG Questions-Answers...

posted on Oct 17, 07 04:58AM

# ! my answer is yes..they are most likely waiting for the final ssays of that drilling to include them in their 43-01 report...

#2. some of the 1600 M drill cores are waiting for assay results...

YES UC is in compliance with year 1 agreement ..I believe they 5 additional years of spending before they earn their interest...this means that SPQ?KWG will NOT have to issue more shares for funding these properties...don't forget UC option does NOT include all SPQ/KWG claims...just about 70% of them..the rest of SPQ claims are not optioned to UC including FWR/SPQ claims which contain the layered peridotite with PGEs and Chromium , which SPQ has announced will be drilled late Dec earlly Jan, and other claims in the area, as well as Diamond claims with debeers...

# 3. NO other drilling plans by UC, that I'm aware of or that has been announced...however with all the exitement in the area, I would suspect further drilling announcements shortly..

IMCO

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