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Posts Tagged ‘ROF’

Mining Minute – S2- Episode 4- Hyperloop Contest Results $KWG.ca

Posted by AGORACOM-JC at 2:48 PM on Wednesday, February 15th, 2017

Mining Minute S2 E2 – FSDI Group Feasibility Update $KWG.ca

Posted by AGORACOM-JC at 1:54 PM on Wednesday, February 1st, 2017

KWG Resources Inc.: Globe & Mail’s Ring of Fire Claims Disregards News and Ottawa Investment $KWG.ca

Posted by AGORACOM-JC at 2:33 PM on Thursday, December 22nd, 2016

Kwglarge

  • Article by Rachelle Younglai in yesterday’s Globe & Mail overlooks the real news occurring a few days ago,
  • By instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario’s James Bay Lowlands

TORONTO, ONTARIO–(Dec. 22, 2016) – The article by Rachelle Younglai in yesterday’s Globe & Mail overlooks the real news occurring a few days ago, by instead republishing an oft-reported miscalculation and profound understatement of the value of the minerals discovered thus far in the Ring of Fire area of Northern Ontario’s James Bay Lowlands. KWG Resources Inc. (CSE:KWG)(FRANKFURT: KW6) (“KWG”), Probe Resources Ltd. and Noront Resources Ltd. have previously reported (in regulatory filings under NI43-101) that there have been 343.4 million tonnes of chromite delineated by exploration drilling completed there to date, to a very shallow depth. These include measured and indicated resources of 20.5 million tonnes (“MT”) at 35.8% Cr2O3 (“%”), 137.7MT @ 31.5%, 5.4MT @ 29.3%, 29.1MT @ 31.7%, 8.6MT @ 37.4%, plus inferred resources of 23.5MT @ 33.1%, 3.4MT @ 28.1%, 1.6MT @ 37.8%, 26.8MT @ 29.3%, 0.9MT @ 22.8% and 85.9MT @ 34.5%. The tonnes documented thus far only, contain an average grade of more than 30% chromite.

Until a few days ago, chromium was priced at CA$1.10 per pound. However, last week terms for delivery from a major supplier in South Africa were settled with its customers in China, which consumes almost two-thirds of the globe’s output of this commodity. It was announced that for the first quarter of next year the price will be 50% higher, the equivalent of CA$1.65 per pound. Yesterday, The Economic Times reported that ferrochrome is expected to maintain higher price levels for an extended time. Accordingly, the values “between $31-billion and $54-billion” reported by the Globe & Mail are very demonstrably incorrect.

This Press Release contains disclosure required and approved by the Investment Industry Regulatory Organization of Canada which dictated that we remove an extrapolation of 30% chromite in 343.4 million tonnes into pounds of recoverable ferrochrome, or their in-situ value. However, we were required to add: “Please note, this reporting by the Globe and Mail, which we believe to be erroneous, does not meet the requirements for the reporting of mineral resources or mineral reserves as required by publicly reporting companies in Canada like KWG and Noront.”

Also, as a participant in both the Steering and Technical Committees supervising the Chromite Research Project of Natural Resources Canada’s CanmetMINING laboratories, KWG is aware of the Government of Canada’s commitment to advancing resource development in the Ring of Fire through research and development with industry to address increased efficiency and green processing technologies as they relate to chromite with the understanding that chromite deposits located in Ontario’s Ring of Fire have production potential that could make Canada a significant global producer, processor and supplier of products that contain chromium.

About KWG:

KWG is the Operator of the Black Horse Joint Venture after acquiring a vested 50% interest through Bold Ventures Inc. which is carried for 10% (20% of KWG’s equity in the JV) by KWG funding all exploration expenditures. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

M. J. (Moe) Lavigne, P.Geo., KWG’s Vice-President of Exploration & Development, is the qualified person responsible for preparing, supervising and approving the scientific and technical content of this news release.

Shares issued and outstanding: 966,320,281

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com

Mining Minute – Episode 49 – MPP Michael Mantha Talks KWG’s Proposal $KWG.ca

Posted by AGORACOM-JC at 12:04 PM on Tuesday, December 6th, 2016

Kwglarge

In Episode 49 of the Mining Minute, MPP Michael Mantha provides his comment on why the Liberal Government is not acting on the International Ferrochrome Trade Agreement proposed by KWG Resources.

Mining Minute – Episode 46 Comparing Ring of Fire Infrastructure $KWG.ca

Posted by AGORACOM-JC at 1:59 PM on Friday, November 18th, 2016

In this episode KWG Resources CEO Frank Smeenk compares various modes of infrastructure and transportation considered for the development of Ontario’s Ring of Fire.

Mining Minute -Episode 43- Ancillary Opportunities: Hyperlink Technology $KWG.ca

Posted by AGORACOM-JC at 2:23 PM on Friday, November 4th, 2016

Kwglarge

In Mining Minute Episode 43, KWG Resources CEO Frank Smeenk outlines ancillary opportunities associated with Hyperlink technology.

Mining Minute – Episode 42 – The Possibilities of Hyperloop $KWG.ca

Posted by AGORACOM-JC at 2:06 PM on Monday, October 31st, 2016

 

 Kwglarge

In Mining Minute Episode 42, KWG Resources CEO Frank Smeenk discusses the technological advancements of Hyperloop technology. This episode highlights KWG Resources potential applications of Hyperlink & Hyperloop uses at Ontario’s Ring of Fire.

Mining Minute – Episode 40 – Frank Discusses Marten Falls $KWG.ca

Posted by AGORACOM-JC at 5:30 PM on Thursday, October 20th, 2016
Kwglarge
In Mining Minute Episode 40, KWG Resources CEO Frank Smeenk discusses Marten Falls with respect to Ontario’s Ring of Fire.

Mining Minute – Episode 39 – New KWG Resources Website! $KWG.ca

Posted by AGORACOM-JC at 9:41 AM on Tuesday, October 18th, 2016

 Kwglarge

In Episode 39 of the Mining Minute Theresa enquires about the vision behind the newly redesigned website at www.kwgresources.com. Visit the updated website, and take a look at the changes for yourself!

Bold Ventures and KWG Earn Initial Interest in Black Horse Project $KWG.ca

Posted by AGORACOM-JC at 2:22 PM on Friday, October 14th, 2016

Kwglarge

  • Met all of the conditions of the various agreements between the parties to now establish a joint venture for the Koper Lake Project under the terms of the option agreement with Fancamp
  • Parties have agreed that the project will be renamed the Black Horse Project.
  • Once the joint venture is established, KWG and Bold intend to continue to earn the further interests provided for in the agreements

TORONTO, ONTARIO–(Oct. 14, 2016) - Fancamp Exploration Ltd. (TSX VENTURE:FNC) (“Fancamp”) has confirmed that KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) (“KWG”) and Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold”) have met all of the conditions of the various agreements between the parties to now establish a joint venture for the Koper Lake Project under the terms of the option agreement with Fancamp. The parties have agreed that the project will be renamed the Black Horse Project. Once the joint venture is established, KWG and Bold intend to continue to earn the further interests provided for in the agreements. Bold is carried through the exploration stage for a 20% interest in KWG’s interest in respect of chromite. For more information regarding the project please refer to the October 29, 2015 press release: http://kwgresources.com/kwg-bold-fancamp-extend-koper-lake-option/.

KWG has issued to Bold a convertible debenture of $267,858 and 5 million treasury shares in settlement of operator’s fees owed to Bold under the earn-in option. The debenture will bear interest at 5% compounded annually until payment, is due on January 15th, 2019, and may be converted by Bold at any time, in whole or in part, into KWG treasury shares at $0.05. The debenture must be repaid by KWG from any debt or equity issue proceeds of more than $1.5 million in any six-month period. KWG has also issued 1 million shares to Belgravia Funds Ltd. (London) for financial advisory services.

About Fancamp:

Fancamp Exploration Ltd. is a Canadian junior mineral exploration company with an exceptional inventory of properties and related assets. Company policy over the years has been, and continues to be, to reduce risk by bringing in participating partners through sales or options. The resulting shares, cash payments and royalties have enabled the generation of income to continue the process and take advantage of opportunity.

About Bold:

Bold Ventures works in both Ontario and Québec. In Ontario Bold has several claim groups in and around the Ring of Fire area of the James Bay Lowlands. The company is also earning an interest in the Koper Lake Project located directly adjacent to the Eagles Nest nickel-copper massive sulphide deposit currently in the permitting stage. In Québec, Bold’s primary focus is on two projects. The Lac Surprise Project is located in west central Québec, approximately 50 km south of Chapais and within the historic Chibougamau-Chapais copper-gold camp. Bold is also exploring its 100% owned Lac Grasset project that straddles the Sunday Lake Deformation Zone in the Matagami area, within the historically prolific Abitibi Greenstone belt of North-western Québec.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements: This Press Release contains forward-looking statements that involve risks and uncertainties, which may cause actual results to differ materially from the statements made. When used in this document, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward-looking statements. Such statements reflect our current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause our actual results to differ materially from the statements made, including those factors discussed in filings made by us with the Canadian securities regulatory authorities. Should one or more of these risks and uncertainties, such actual results of current exploration programs, the general risks associated with the mining industry, the price of gold and other metals, currency and interest rate fluctuations, increased competition and general economic and market factors, occur or should assumptions underlying the forward looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward-looking statements, except as required by law. Shareholders are cautioned not to put undue reliance on such forward-looking statements.

Fancamp Exploration Ltd.
Peter H. Smith
514-481-3172
phsmith@outlook.com

Bold Ventures Inc.
416-864-1456
www.boldventuresinc.com

KWG Resources Inc.
416-642-3575
www.kwgresources.com