Spider Resources - SPQ.ASE Message Board

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

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To: originunknown who wrote (458)	3/12/2003 2:04:21 PM
From: MrsNose	Read Replies (1) of 471

Spider Starts Drill Program Testing VMS Target In James Bay Lowlands, Ontario Wednesday March 12, 11:32 am ET TORONTO, ONTARIO--Spider Resources Inc. ("Spider") and joint venture partner KWG Resources Inc. ("KWG") announce the startup of a diamond drilling program on their Spider #3 base metal prospect in the James Bay Lowlands of Northern Ontario. This project is being funded by KWG plans include the drilling of 1000 meters in 4 or 5 drillholes. These holes will test the previously announced copper-lead-zinc mineralization that was encountered by De Beers Canada Exploration Inc. during their exploration in the area for kimberlites. Drill results will be released along with drillhole logging information as soon as it is available. Other than this, management of Spider and KWG is unaware of any other reason for the increase in share volume. Spider Resources Inc. is a junior resource company, quoted for trading on the TSX Venture Exchange under the symbol SPQ. There are currently 117,223,511 shares issued in Spider Resources Inc. -------------------------------------------------------------------------------- Contact: Norman Brewster (President) or Neil Novak (Vice President) Phone: (416) 815-8666

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