What is happening, what it means

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Norilsk I mine (medvezhji Ruchei, 'Bear creek', 6km south of Norilsk)
Atokite Bornite Cooperite Godlevskite Millerite Platinum Sphalerite Stannopaladinite Taimyrite Vysotskite.

Platinum

Large intrusions such as in the Norilsk almost always have an extrusive component. This means the magma breaks the surface. Not far from Norilsk this happened. Here you see the impressive Putorana mountains. A tremendous formation of basalt, which takes about 1 hour to fly across. Rivers and ice eroded over 600 meter deep canyons in this so called basalt trap.



OK so here is what we have, and what we know:

News Release for drilling on BIG Daddy, Jan 7, 2010

January 7, 2010
SPIDER RESOURCES INC. , KWG RESOURCES INC. AND FREEWEST RESOURCES CANADA INC. ENCOUNTER CONSISTENT CHROMITE MINERALIZATION AT BIG DADDY; RARE NICKEL MINERAL DISCOVERED SUGGESTING NEARBY SOURCE FOR ACCUMULATION OF NICKEL

SPIDER

Neil Novak, President of Spider Resources Inc. states: "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."

SPIDER

A sample of the sulphide mineral selected for petrographic analysis was determined to contain an alteration assemblage of minerals including godlevskite (Ni9S8) along with veining of mackinawite ((Fe,Ni)9S8). Dr. James Franklin (director of Spider Resources Inc.) states: "This is a very low-temperature assemblage, and probably represents hydrothermal transport up a shear system from a more substantial Ni accumulation", Dr. Franklin continues "this explains the very high Ni contents, as it contains nearly 60% Ni."

Another part of the SPIDER NR reads : "- Hole 33, after passing through 11.0 metres that averages 40.29% Cr2O3, entered a narrow nickel sulphide filled fault zone that averages 2.74% nickel, 0.12% cobalt and 1.04 g/t Pt+Pd over 1.0 metres. A sample selected for petrographic analysis as determined to contain a low temperature alteration assemblage of minerals including godlevskite along with veinlets of mackinawite which infer a possible nearby primary nickel source."

NORONT

Discovers pentlandite in its discovery hole in 2007.

NORILSK

Godlevskite and pentlandite found in orebodies.

VOISEY'S BAY

Pentlandite found in discovery hole

   So now the SPIDER - KWG - FREEWEST Joint Venture which contains Big Daddy, has a suspected complex that contains godlevskite,and indicates it may flow into a terminal resorvoir of nickel, either in the that series of claims, or Freewest, or Probe, or Fancamp.   Now CLIFFS has 19.9% of KWG, none of SPIDER, and some of FREEWEST, but knows exactly all the metalurgy that has been ongoing with FREEWEST's  claims.

  Logically speaking, it is more likely than NOT that the Nickel is traced.  To the East, the length of the claim to the east is about 1 KM, so the Nickel could be the "beast to the east" or "go west".  While I cannot discern any actual transit routes, given the NE to SW direction of the layout of the chrome deposits, IF the Nickel lie in the same trending, it could well end up on Fancamp's Claims.  All guesswork at this point, unless you have the inside track with a geo or diamond driller out there in the James Bay Lowlands Bush.

   By this point I think it reasonable to assume that all the Majors are sitting up and paying close attention, as

well as CLIFFS is no doubt tuned into FREE  WEST RADIO, and getting a looud and strong rejection signal.

   Whats it going to be:  Copper ?  Silver?  Chrome ? Diamonds ?  Nickel ?  Platinum ?  Palladium ?  I guess there has not yet been any coal, phosphates, oil, nat gas, or potash discovered there yet, but needless to say, none of that would surprise me.

  Who knows what :  Every major, every resource writer, all the juniors and staking stampeders, all know what has been revealed as found in the diamond drill cores.   At some point the "Voisey's Bay Syndrome" of not entering competing bids will fail to hold, and just like OPEC, the guys who want the advantage the most will start the bidding for all these companies.

   What we know:  That there is a lifetime deposit of Chrome on FREEWEST property.  We know that the same minerals discovered in Voisey's Bay, and Norilsk are present in the RING of FIRE.   We know that Neil Novak, pHD, CEO of SPIDER, thinks that there is a source of nickel "nearby", refering to hole#33.

   As a speculator, rather than a geologist, as a strategist, rather than a fundamental analyst, I would say the leading Prospects here, are Probe, Freewest, KWG, Spider & Fancamp, for finding Nickel and other minerals in economically feasible quantities and situations, here in the RING of FIRE.  My guess is that there is much lots of volume here as the BIGS start to move into this area to hedge their bets long in the metal sector.  All but FREEWEST are dark-horse candidates, but quite intriguing.