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Gold/Mining/Energy : Spider Resources - SPQ.ASE

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To: Valuepro who wrote (430)1/26/2001 2:16:41 PM
From: rdww   of 471
 
well it appears that SPQ has figgered out that the trend from Pele flows across onto thier property and that it may just be worth thier while to see if the results from the Destiny + PC showing on Pele's are as good or better on SPQ's property. Suggestions of a Feb work program in Wawa!

from the SH iste - SPQ thd
Wawa
Remember that mini bulk sampling SPQ/KWG was planning. Mr. Novak states,
"At Wawa, We are planning on heading to the field in mid February or so, to
select a new excavation site on the Sandor occurrence, as our attempts to
get permitting to blast fresh rock from the highway exposure last fall were
unsuccessful. There are other locations along strike of this occurrence,
heading towards the Destiny and PC showings of Pele Mountain."
As for discussions with Band-Ore and/or Pele Mountain, Mr. Novak replies,
"We have had many technical discussions with Band Ore, Pele, Dumont, and
Triorigin about the Wawa project, there have been no serious discussions
regarding joint venture possibilities. A stated above, Spider plans on
completing a sampling program on the Sandor occurrence shortly. The results
of this program will dictate whether or not we want to get involve in any
sort of joint venture with whomever."
With whomever? Considering that SPQ suspects that Pele's Destiny and PC showings, and our Sandor occurence are one continuous body, I would hazard a guess and say the whomever might well be Pele. Too early to commit, but early enough to review the DD on Pele.
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