SPIDER PLAYBOOK
3rd. Edition – March 6th - ’08
Spider Plays in McFaulds:
1) SPQ/KWG/FWR – JV earn-in percentages:
a. SPQ – 32.5%
b. KWG – 32.5%
c. FWR – 35%
**the latest on this joint venture:
http://www.freewest.com/news/index.p...
...above link contains new Aeroquest aerial survey maps- Mar. '08
http://www.agoracom.com/ir/Spider/me...
2) SPQ/KWG/UC – JV earn-in percentages:
a. SPQ - 22.5% (30%-link attn: below)
b. KWG - 22.5% (15%-link attn: below)
c. UC - 55%
UC Resources has earned 10% in this jv. by meeting its' first year commitment up to Mar. 07, 2008...in the link below, UC has now committed to year two of this jv.
http://www.agoracom.com/ir/ucresourc...
**UC is continuing to fund the exploration of this VMS camp by initially concentrating their efforts on the McFaulds #3 and #1 occurrences, then they advise that they will be looking at completing additional exploration on the other occurrences as the program progresses, through year two, three and four of the agreement.
*we await the official commencement/announcement of the winter/spring ’08 drilling program
To view the jv. agreement in place for this jv regarding SPQ/UC...please click on link
http://www.agoracom.com/ir/Spider/of...
**ATTENTION: Please view the link below to understand why SPQ in going head to head with KWG,will hold 67% as compared to 33% KWG in this jv. as per separate SPQ/KWG jv. agreement...
http://www.agoracom.com/ir/Spider/me...
3) SPQ/KWG/Renforth – JV earn-in percentages:
a. SPQ - 30%
b. KWG - 15%
c. Renforth – 55%
**drill program status:
http://www.agoracom.com/ir/Spider/me...
4) SPQ/KWG – JV percentages:
Wawa Project: SPQ – 66.6%
KWG – 33.3%
**The joint venture is planning a follow up drilling program on this property to be completed in the next 6-8 months.,,(from Oct. 1, 2007 news release), no annoucements as of yet..
MacFayden Project: KWG – 66.6%
SPQ - 33.3%
...no news here, KWG manager
Diagnos Project: SPQ and KWG both share this project 50-50
**The parties are considering a drilling program to test the 2 highest priority targets this winter…(from Oct. 1, 2007 news release)
**’08 drilling program yet to be announcement
ACCESS LINK BELOW TO VIEW McFAULD’S CLAIMS MAP:
http://www.spiderresources.com/Mcfau...
*the preceding information was gathered from news releases/maps issued by some of the companies involved and is deemed to reflect the agreed to percentages per: jv agreements, however, please do your own due diligence.
