Just to remind everyone, FWR owns 50% of Big Daddy, SPQ+KWG each own 25% Int...The Big News today IMCO, is that as predicted by Micon, the ore body is extending on strike now to about 2100 Metres ,, over 2100 M. East, 2 holes drilled here..and as well as at depth,well beyond the 250M, quite a few holes extending deep near 450 M, with some holes having very good % of massive Chromite...It appeared to me from the results of these deeper holes, that the Big Daddy deposit is even more mineralized at depth....SO IMCO, these conclusions/results in cease Big Daddy's size substantially as predicted by Micon, from previous news...
Hole FWR-09-43 encounters 93 metres of chromite mineralization, most of which , 76 metres of Massive Chromite ...They have shortened the drill spacing from 200M to 100M...and drill density optimum to 100M, being the depth and density for a preliminary pit optimization review.... Drilling continues to develop the "ORE" body North East, however, it's cut off a bit by some faulting, which has offset BD extension to Probe and FWR Black Thor...In addition the JVs will begin drilling on a coincident Magnetic and Electromagnetic anomalies that strattle the Border of JVs and 100% FWR claims...
"Once the current program is completed, an estimate of true width will be provided. At the current rate of drilling, it is anticipated that the field portion of the program will be completed in early December."
All in all , this news represents a very good step forward, for all 3 companies and we'll have a much better idea of the width of mineralization, and some handle on the size looks like by year end...But one thing is for sure, it will add very substantial tonnage to the FWR total tonnage,and should eventually set a good Value$ for SPQ/KWG...
IMCO
JD*
