Spider Resources Inc.

Location:

564 Mattson StreetPortlandOregon97232United States View Map

Revenue:

$2.4 Million

Employees:

12

Industries:

SIC Codes:

1499

NAICS Codes:

212399

Phone:

(503) 409-4125
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Description:

Spider is the "Spark that set off the Ring of Fire". Spider, the pioneer explorer in the James Bay Region of Northern Ontario since 1993, was responsible for the discovery of eight kimberlites (1994-95), ten VMS occurrences, including two VMS deposits (2002-2006), and one chromite deposit (2006). Regional geophysical surveying and other exploration efforts as initially conducted by Spider formed the exploration data-set that lead to the first discovery of chromite in the area in February 2006, in a peridotite intrusion, and about a year later lead to the eventual discovery of additional chromite deposits and related Magmatic Massive Sulphide Nickel Deposit by others. Spider is a Tier 2 Canadian exploration company, quoted for trading on the TSXV under the symbol SPQ. There are currently 568,520,113 shares issued in Spider. Spider has approximately $10.6 million in working capital at present with approximately $1.7 million earmarked for flow-through expenditures in the current year.

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