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Mainstream Media Takes Notice of KWG Social Media Campaign – SIGN OUR PETITION

Posted by AGORACOM-JC at 2:19 PM on Wednesday, June 4th, 2014

Dear KWG Resources Shareholders and Friends,
We are very happy to announce that the social media campaign we launched on Monday to promote our proposed Ring of Fire Bill to Ontario election candidates and voters has already received great media coverage, including the following headlines:

MOMENTUM IS GAINING – BUT WE STILL NEED YOUR HELP!

As of noon EST today, our petition has been signed by 240 supporters. This is a great start but we can do far better given the number of KWG Resources shareholders and friends on our e-mail list that deeply care about the economic benefits of The Ring Of Fire.

SEND QUEEN’S PARK A MESSAGE THAT YOU SUPPORT OUR PLAN TO GET THE RING OF FIRE GOING FOR THE BENEFIT OF ALL OF US!

We need you to get involved right now by signing our petition and then spreading the word through your social networks. We’ve done all the hard work, all you need to do now is give us a few clicks of your mouse.

TAKING ACTION NOW IS AS SIMPLE AS 1 – 2 – 3
Facebook Twitter

 

We appreciate and thank you for your support of our tireless efforts!

Sincerely,
Frank Smeenk & The KWG Resources Team

MORE INFORMATION ABOUT OUR PLAN AND PROPOSED BILL

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KWG Files Updated NI 43-101 Technical Report for the Koper Lake Project Black Horse Chromite Resource Now 77.2 Million Tonnes @ 35.1%

Posted by AGORACOM-JC at 4:54 PM on Tuesday, June 3rd, 2014

TORONTO, ONTARIO–(June 3, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG“) has today filed an updated geological report and calculation of the resources inferred from drilling data recovered to date from the Black Horse chromite deposit. The technical report, entitled “National Instrument 43-101 Technical Report, Koper Lake Project Chromite Deposit, McFaulds Lake Area, Ontario, Canada, Porcupine Mining Division, NTS 43D16, Updated Mineral Resource Estimation Technical Report, UTM: Zone 16, 548460m E, 5842511m N, NAD 83”, is dated May 28, 2014 (the “Koper Lake Report“) and was authored by Alan Aubut, P. Geo., under the provisions of National Instrument 43-101. The resources inferred in the Koper Lake Report were additionally informed by three drill intercepts generated during the winter 2014 drilling campaign and by the intercept in hole FNCB-13-031 which was not used in the 2013 calculation due to it being located 50 metres west of the western claim boundary on the adjoining claim of Noront Resources Inc.

The inferred resources contained in the Koper Lake Report supersede those reported in KWG’s press release dated May 13, 2014. The Koper Lake Technical Report can be found on KWG’s SEDAR profile at www.sedar.com.

The Koper Lake Report provides in part:

Using the drill hole data available as of May 11, 2014, including new drilling done in early 2014, an Ordinary Kriged block model was created for the Koper Lake Project chromite deposit. The volume modelled is 0.6 km long and has a down dip extent of approximately 1.0 km with the top of the mineral zone as high as 350 metres below surface and has been traced down to a depth of approximately 1400 metres below surface. All of the resources present have a low confidence in the estimate such that they can be classified only as Inferred Resources. The following table provides the identified Inferred Resources using a cut-off of 20% Cr2O3.

Classification Tonnes (millions) % Cr2O3
Inferred Resources 77.2 35.1
  1. CIM Definition Standards were followed for classification of Mineral Resources.
  2. The Mineral Resource estimate uses drill hole data available as of May 11, 2014.
  3. The cut-off of 20% Cr2O3 is the same cut-off used for the Kemi deposit as reported by Alapieti et al. (1989) and for the nearby Big Daddy chromite deposit (Aubut, 2012).
  4. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Using this 20% cut-off, there are 77.2 million tonnes at a grade of 35.1% Cr2O3 of Inferred Resources. Due to the uncertainly in the estimate and that no mineability and dilution studies have been applied to these resources, they may not all be economically recoverable.

The drill hole spacing is 100 to 300 metres with several off-azimuth holes. To date, only 8 holes have tested the mineral zone on the property and most of these intersections are very steep and cut the zone at a very oblique angle. As a result there is poor confidence in the lateral continuity of the mineralization to a degree that all of the defined resources can be classified only as Inferred Resources at this time.

The deposit remains open on strike to the northeast and at depth. The increase in the size of the inferred resource is the result of thickening of the deposit with depth. The true width of the deposit ranges from approximately 100 metres at the southwestern end to about 25 metres in the northeastern half. The southwestern half of the deposit is dominantly layered chromitites while the northeastern half is dominantly massive chromitite. It is recommended that initially, further drilling be done to better define the limits and continuity of the mineralisation in the northeastern half, and secondly by infill drilling. The estimated cost of the initial program is $3.63 million.

M.J. (Moe) Lavigne, P.Geo., is the Qualified Person (QP) with respect to this project and has reviewed and approved the related information within this press release. Alan Aubut, P.Geo., author of the Koper Lake Report, has reviewed and approved the related information within this press release.

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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 or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Should one or more of these risks and uncertainties, such as: the actual results of current exploration programs; risks normally incidental to exploration and development of mineral properties; the uncertainty of mineral resources estimates; uncertainties in the interpretation of drill results; the possibility that future exploration, development or mining results will not be consistent with expectations; the grade and recovery of ore varying from estimates; the general risks associated with the mining industry; adverse changes in commodity prices; 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.

Shares issued and outstanding: 777,512,273

CONTACT INFORMATION

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Media Advisory: KWG Resources Launches Social Media Campaign Promoting Its Proposed Ring of Fire Bill to Ontario Election Candidates and Voters

Posted by AGORACOM-JC at 12:33 PM on Monday, June 2nd, 2014

TORONTO, ONTARIO–(June 2, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to announce the launch of a social media campaign this morning to promote its proposed Ring of Fire Bill to Ontario election candidates and voters. The campaign was launched this morning, will run until election day on June 12 and incorporates the following elements:

  • A Search Engine Program Targeting Very Specific and Relevant Terms Pertaining To The Candidates, The Ring of Fire and Northern Ontario.
  • An Online Petition Through The World’s Largest Petition Platform To Unite and Empower The Voices That Support Our Bill.
  • Links To An Online Database Of MPP Candidates By Riding, Containing Their Full Contact Information.
  • Social Media Sharing Tools To Help Supporters Take Our Campaign Viral.

Frank Smeenk, President & CEO Of KWG Resources stated, “The Ring of Fire is an economically and socially transformative project that will benefit every citizen and community of Ontario, especially in the North, as well as all Canadians, for many generations. KWG Resources is happy to take a leadership role that helps end the political gridlock by proposing real and achievable solutions. I encourage all Ring of Fire supporters to participate in this process by having your voices heard and helping spread the message to every corner of this country. Together, we will get the Ring of Fire going.”

Support The KWG Resources Ring of Fire – Northern Ontario Job Creation Plan

WE NEED YOUR VOTE, YOUR VOICE TO HELP MAKE IT HAPPEN

“Without a doubt, the value of the Ring of Fire’s current and future potential mineral discoveries are in the hundreds of billions of dollars and these multi-generational mines will provide enormous wealth and employment opportunities for the surrounding First Nations communities. This is an economically and socially transformative project that will positively impact not only Ontario’s northwestern frontier but the entire country as well.”
Ontario Ring of Fire’s Astonishing World-Class Mineral Potential
Huffington Post, February 18, 2014

THE JOB CREATION PLAN

We Have A Plan To Get The Ring of Fire Going!

After years of political indecision regarding transportation and funding of The Ring of Fire, KWG Resources is taking a pro-active approach by presenting a plan, backed by our own proposed bill, to end the gridlock and start moving the Ring of Fire forward for the benefit of all Northern Ontario communities, the Province and Canada.

HIGHLIGHTS OF OUR PROPOSED BILL

  • Ontario already has a Northern Development Corporation. It is the Ontario Northland Transportation Commission (ONTC).
  • The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage.
  • The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.
  • The ONTC could be governed by residents of Northern Ontario, raise project financing via capital markets to add to heritage infrastructure facilities desired by northern residents of Ontario whose communities it serves.
  • This would enable the important participation by those communities, many of which are First Nations.
  • This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse.

WE NEED YOUR VOTE, YOUR VOICE TO HELP MAKE IT HAPPEN

KWG Resources is appealing to three important and distinct groups for their support.

MPP CANDIDATES – KWG Resources invites you, as a 2014 Ontario general electoral candidate, to view the “Northland Development Corporation Act” below and consider passing the proposed bill upon your successful election to the Ontario legislature.

ONTARIO VOTERS – If you are a voter in the upcoming election, especially those in Northern Ontario, reach out to your local candidate ask them to support the “Northland Development Corporation Act” below. Let them know they can count on your vote if they support the proposed Bill.

CANADIANS – Even if you are not a resident of Ontario, we can all agree with the quote above that the development of this economically and socially transformative project will positively impact all Canadians.

TAKE ACTION NOW AND HELP GET THE RING OF FIRE DEVELOPED

1. Call or Email Your Local 2014 Ontario General Election Candidate

2. Sign The KWG Resources Petition For Presentation To The Next Government

3. Get Your Social Networks Involved By Sharing This Page Today

                   

MORE INFORMATION ABOUT OUR PLAN AND PROPOSED BILL

View the Overview Of The Proposed Bill

View the Proposed Bill

View the Proposed Bill PDF

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Contact Information

 

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext. 103
[email protected]

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Media Advisory: KWG Resources to Hold Press Conference Discussing Ring of Fire-Northern Ontario Job Creation Plan Prior to Northern Leaders’ Debate in Thunder Bay

Posted by AGORACOM-JC at 7:35 AM on Monday, May 26th, 2014

THUNDER BAY, ONTARIO–(May 26, 2014) – Media are invited to attend a press conference hosted by KWG Resources (TSX VENTURE:KWG) at 11:15 a.m. on the front steps of the Valhalla main lobby entrance, Monday, May 26, 2014. The press conference will discuss the details of the company’s Ring Of Fire – Northern Ontario Job Creation Plan, as outlined in its proposed bill “Northland Development Corporation Act”.

HIGHLIGHTS:

  1. Ontario already has a Northern Development Corporation. It is the Ontario Northland Transportation Commission (ONTC).
  2. The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage.
  3. The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.
  4. The ONTC could be governed by residents of Northern Ontario, raise project financing via capital markets to add to heritage infrastructure facilities desired by northern residents of Ontario whose communities it serves.
  5. This would enable the important participation by those communities, many of which are First Nations.
  6. This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse.

An overview of the proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com.

The proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com/ndca.html.

A PDF of the proposed bill can be viewed at http://www.northlanddevelopmentcorporation.com/pdf/Northland_Development_Corporation_Act.pdf.

Date: Monday, May 26, 2014
Time: 11:15 a.m.
Location: Front steps of the Valhalla main lobby entrance

Notable attendees include:

Frank Smeenk, President & CEO, KWG Resources

About KWG Resources

KWG Resources Inc (“KWG”) is an exploration stage company that is participating in the discovery, delineation and development of chromite deposits in the James Bay Lowlands of Northern Ontario. These deposits are globally significant source of chromite which may be refined into ferrochrome, a principal ingredient in the manufacture of stainless steel. The company’s accidental discovery of the McFaulds Lake copper-zinc volcanogenic massive sulphide deposits in 2002 precipitated a staking rush that defined the “Ring of Fire”. For more information visit:http://www.kwgresources.com

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]
www.KWGresources.com

AGORA Internet Relations Corp.
George Tsiolis
[email protected]

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KWG Resources Invites All MPP Candidates To Pledge Support For Our Ring Of Fire – Northern Ontario Job Creation Plan

Posted by AGORACOM-JC at 6:50 PM on Saturday, May 24th, 2014

ONTARIO ALREADY HAS A NORTHERN DEVELOPMENT CORPORATION

It is the Ontario Northland Transportation Commission (ONTC), which is a part of the Ontario Ministry of Northern Development and Mines.

The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage as Ontario’s forestry and mining industries have shrunk through many years.

●

The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.

For the Ring of Fire, the ONR thus constitutes the very essence of the purpose of a public utility!

●

If the ONTC were made into a non-share capital corporation similar to Canada’s Port and Airport Authorities, it could be governed by the northern residents of Ontario whose communities it serves.

This would enable an important participation by many of those communities which are First Nations!

It might raise project finance in the capital markets with which to add to the heritage railroad assets, roads, pipelines, common mine plant, electricity generation and transmission facilities desired by the affected communities.

This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse!

for these reasons:

WE INVITE EACH CANDIDATE SEEKING ELECTION TO THE ONTARIO LEGISLATURE

TO CREATE THE NORTHLAND DEVELOPMENT CORPORATION

BY PASSING THIS BILL UPON THEIR ELECTION

www.northlanddevelopmentcorporation.com

KWG RESOURCES INC (TSXV: KWG) ● CANADA CHROME CORPORATION

www.kwgresources.com

ONTARIO ALREADY HAS A NORTHERN DEVELOPMENT CORPORATION

It is the Ontario Northland Transportation Commission (ONTC), which is a part of the Ontario Ministry of Northern Development and Mines.

The principal operating asset of the ONTC is the Ontario Northland Railroad (ONR), which has become starved of freight haulage as Ontario’s forestry and mining industries have shrunk through many years.

●

The discoveries of chromite and nickel in the Ring of Fire could create the potential for much heavy-haulage freight business with which the ONR might become economically viable.

For the Ring of Fire, the ONR thus constitutes the very essence of the purpose of a public utility!

●

If the ONTC were made into a non-share capital corporation similar to Canada’s Port and Airport Authorities, it could be governed by the northern residents of Ontario whose communities it serves.

This would enable an important participation by many of those communities which are First Nations!

It might raise project finance in the capital markets with which to add to the heritage railroad assets, roads, pipelines, common mine plant, electricity generation and transmission facilities desired by the affected communities.

This would enable development to be undertaken with the necessary social licence together with the discipline of the capital markets, rather than from the public purse!

for these reasons:

WE INVITE EACH CANDIDATE SEEKING ELECTION TO THE ONTARIO LEGISLATURE

TO CREATE THE NORTHLAND DEVELOPMENT CORPORATION

BY PASSING THIS BILL UPON THEIR ELECTION

www.northlanddevelopmentcorporation.com

KWG RESOURCES INC (TSXV: KWG) ● CANADA CHROME CORPORATION

www.kwgresources.com

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Canada Chrome Corporation Seeks Leave to Challenge Order Permitting AGO to Intervene in Cliffs’ Appeal of Mining Commissioner Decision

Posted by AGORACOM-JC at 9:50 AM on Wednesday, May 14th, 2014

TORONTO, ONTARIO–(May 14, 2014) – Counsel for KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) subsidiary Canada Chrome Corporation (“CCC”) has served notice that it will make a motion to the Court of Appeal for an order granting leave to appeal the order of the Honourable Justice Lederer of the Ontario Divisional Court dated April 28, 2014.

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

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KWG Resources Inc.: Black Horse Chromite Resource Now 77.9 Million Tonnes @ 35.3%

Posted by AGORACOM-JC at 10:11 AM on Tuesday, May 13th, 2014

TORONTO, ONTARIO–(May 13, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) has received from Sibley Basin Group Geological Consulting Services Ltd. an updated geological report and calculation of the resources inferred from drilling data recovered to date from the Black Horse chromite deposit. The report dated May 12, 2014 was authored by Alan Aubut, P. Geo., under the provisions of National Instrument 43-101. The resources inferred therein were additionally informed by three drill intercepts generated during the winter 2014 drilling campaign and by the intercept in hole FNCB-13-031 which was not used in the 2013 calculation due to it being located 50 metres west of the western claim boundary on the adjoining claim of Noront Resources Inc. The report provides in part:

Using the drill hole data available as of May 6, 2014, an Ordinary Kriged block model was created for the Koper Lake Project chromite deposit. The volume modelled is 0.6 km long and has a down dip extent of approximately 1.0 km with the top of the mineral zone as high as 350 metres below surface and has been traced down to a depth of approximately 1400 metres below surface. All of the resources present have a low confidence in the estimate such that they can be classified only as Inferred Resources. The following table provides the identified Inferred Resources using a cut-off of 20% Cr2O3.

  1. CIM Definition Standards were followed for classification of Mineral Resources.
  2. The Mineral Resource estimate uses drill hole data available as of May 6, 2014.
  3. The cut-off of 20% Cr2O3 is the same cut-off used for the Kemi deposit as reported by Alapieti et al. (1989) and for the nearby Big Daddy chromite deposit (Aubut, 2012).
  4. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Using this 20% cut-off, there are 77.9 million tonnes at a grade of 35.3% Cr2O3 of Inferred Resources. Due to the uncertainly in the estimate and that no mineability and dilution studies have been applied to these resources, they may not all be economically recoverable.

The drill hole spacing is 100 to 300 metres with several off-azimuth holes. To date only 8 holes have tested the mineral zone on the property and most of these intersections are very steep and cut the zone at a very oblique angle. As a result there is poor confidence in the lateral continuity of the mineralization to a degree that all of the defined resources can be classified only as Inferred Resources at this time.

The deposit remains open on strike to the northeast and at depth. The increase in the size of the inferred resource is the result of thickening of the deposit with depth. The true width of the deposit ranges from approximately 100 metres at the southwestern end to about 25 metres in the northeastern half. The southwestern half of the deposit is dominantly layered chromitites while the northeastern half is dominantly massive chromitite. It is recommended that initially, further drilling be done to better define the limits and continuity of the mineralisation in the northeastern half, and secondly by infill drilling. The estimated cost of the initial program is $3.5 million.

Maps and a cross-section can be viewed on the KWG websites: www.kwgresources.com

M.J. (Moe) Lavigne, P.Geo., is the Qualified Person (QP) with respect to this project and has reviewed and approved the related information within this press release. Alan Aubut, P.Geo., author of the 43-101 report, has reviewed and approved the related information within this press release.

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 has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

Contact Information

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext. 103
[email protected]

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KWG Announces Completion of Chromium Intellectual Property Acquisition

Posted by AGORACOM-JC at 8:09 PM on Monday, May 12th, 2014

TORONTO, ONTARIO–(May 12, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to announce the completion of its agreement to acquire fifty-percent of the ownership rights in two United States provisional patent applications relating to the production of chromium iron alloys directly from chromate ore, and the production of low carbon chromium iron alloys directly from chromite concentrates (the “Chromium IP Transaction“) announced on April 21, 2014. The Chromium IP Transaction includes the right to use these provisional patent applications as the basis for filing additional patent applications in the United States, Canada and elsewhere worldwide and includes a fifty-percent interest in any of the vendor’s associated intellectual property (the “Chromium IP”).

The parties’ interests in the Chromium IP will be held through a limited partnership (the “LP“) established by the vendor and KWG for purposes of completing the Chromium IP Transaction and developing and exploiting the Chromium IP. The limited partners of the LP are a wholly-owned subsidiary of KWG and a corporation beneficially owned by the vendor. The general partner of the LP, which will manage the business of the LP, is another wholly-owned subsidiary of KWG.

The vendor assigned its fifty-percent interest in the Chromium IP to the LP in exchange for 25 million units of KWG (each, a “Unit“), with each Unit comprising one common share of KWG and one common share purchase warrant of KWG exercisable at a price of $0.10 for 5 years from closing.

KWG now has the option to acquire a further 25% interest in the Chromium IP from the vendor (held through the LP) in exchange for the issuance of an additional 12.5 million Units to the vendor at any time within one year (the “First Option“). If the First Option is exercised, KWG will have an additional option to acquire the vendor’s remaining 25% interest in the Chromium IP (held through the LP) in exchange for the issuance of a further 12.5 million Units to the vendor at any time within one year after the exercise of the First Option (the “Second Option“), thereby acquiring 100% of the LP.

The closing of the Chromium IP Transaction remains subject to the final acceptance of the TSX Venture Exchange.

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 Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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 or refers to “forward-looking information” within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects”, “is expected”, “budget”, “estimates”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “occur” or “be achieved”. All information, other than information regarding historical fact that addresses activities, events or developments that KWG believes, expects or anticipates will or may occur in the future is forward-looking information. Forward-looking information contained in this Press Release is subject to a number of risks and uncertainties that may cause the actual results of KWG to differ materially from those discussed in the forward-looking information, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on, KWG. Should one or more of these risks and uncertainties, such as: the actual results of current exploration programs, the general risks associated with the mining industry, adverse changes in commodity prices, currency and interest rate fluctuations, increased competition and general economic and market factors, the risk that the new method of refining chromite ore into ferrochrome by means of natural gas that is the subject of the Chromium IP Transaction does not prove efficient or economical, the scope, likelihood of grant, enforceability, infringement, freedom to operate, and commercial value relating to the patent applications to be used to support the commercialization of the Chromium IP, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the Chromium IP, and any expected benefit of commercialization relating thereto 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.

Shares issued and outstanding: 752,512,273

Contact Information

 

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

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Bold Ventures Inc. and KWG Resources Inc.: Drill Program Successfully Extends Black Horse Chromite Deposit and Discovers Gold on Koper Lake Project in Ring of Fire

Posted by AGORACOM-JC at 10:21 AM on Wednesday, May 7th, 2014

TORONTO, ONTARIO–(May 7, 2014) – Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold”) and KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) are pleased to jointly announce the following drilling results from the second diamond drill program on their Koper Lake Joint Venture in the Ring of Fire Northeastern Ontario, which is under option by Bold from Fancamp Exploration Ltd. (see Bold’s press release dated January 7, 2013). In turn KWG has optioned the property from Bold on terms that are described in a Bold press release dated March 4, 2013. If KWG fulfills all of the optional commitments to earn the 100% working interest in the Koper Lake Property under the agreement with Fancamp, then, in the case of chromite resources, KWG would hold an 80% working interest and Bold would hold a 20% working interest in the development of the chromite resources in accordance with the Chromite Interest feasibility study required to be produced to earn the interest in the property. Furthermore, at the completion of the earn in requirements Bold would have an 80% working interest in any and all metals other than chromite and KWG would have a 20% working interest in any and all metals other than chromite.

Preparations of the camp and drills began January 1, 2014 and the first hole was collared on January 18th, and the second on January 22nd. First Nations people were employed on site, with Haveman Bros. from Kakabeka Falls near Thunder Bay providing procurement and camp services and Orbit Garant Drilling Inc. of Val-d’Or, Québec providing the contract drills.

During the program, 6 holes were completed (FN-14-038 to 043) totaling 4,645 metres. (see Table below for drill-hole statistics and the maps below for location)

Program Objectives:

The primary objective of the program was to increase the size of the inferred resource contained by the Black Horse chromite deposit. The drilling plan was designed such that the chromite intercepts were optimally spaced with respect to existing intercepts to permit the designation of the delineated chromite mineralization as an inferred resource. As such, drill holes were laid out to intercept the downward projection of the previously defined chromitite.

The secondary objective was to test an east-west trending gravity anomaly delineated by a detailed ground gravity survey conducted during the 2013 drilling program. The anomaly is located 1 kilometer northeast of the Black Horse chromite deposit, a location previously designated as the C-6 target on the basis of a prominent north-south trending magnetic anomaly that resembles the anomaly associated with the Eagles Nest nickel-copper-PGE deposit on the neighbouring Noront Resources mining claims.

Maps and a cross-section can be viewed on the Bold and KWG websites: www.boldventuresinc.com, www.kwgresources.com

Drill results – Black Horse:

Three holes, FN-14-040, 042 and 043, intercepted chromite mineralization confirming the continuity of the Black Horse chromite deposit. Also reported here is the assay results of drill-hole FNCB-13-031, a hole drilled during the 2013 program. This hole, drilled sub-parallel to the north-south boundary with the neighbouring Noront Resources property, crossed the boundary due to an unusually high degree of curvature. Noront took possession of all drill-core from that portion of the hole that was within their property. Noront proceeded to document the core and submit it for assay. These assay results were subsequently released to Bold and KWG.


The interval reported is not true width. True width will be determined during resource modeling.

Hole FNCB-13-031 intersected 130.22 metres (427 ft.) of chromite mineralization, from 795.28 to 925.5 metres, in a well layered sequence of heavily disseminated, semi-massive and massive chromitite. This 130.22 metre interval has a weighted average grade of 25.31% Cr2O3. It includes higher grade intervals, 44.81 metres, from 795.28 to 840.09 metres, grading 32.08% Cr2O3; and 25.87 metres, from 869.2 to 895.07 metres grading 35.60% Cr2O3. This intercept is 25 to 50 metres west of the claim boundary at a depth ranging from 710 to 830 metres from surface.

Hole FN-14-040 intersected 129 metres (423 ft.) of massive chromite mineralization containing silicate clast, from 1053 to 1182 metres with an average grade of 37.63% Cr2O3. This includes higher grade intervals of 70.5 metres (231 ft.), from 1111.5 to 1182 metres grading 42.02% Cr2O3, and 19.5 metres (63 ft.), from 1111.5 to 1131 metres grading 45.78% Cr2O3. This intercept is located at the midpoint of the known strike extent of the deposit in the vicinity of hole FN-10-26, at a depth of 1040 to 1185 metres (3,412 to 3,887 ft.) from surface. This hole confirms that chromite distribution transitions from being well layered in the southwest to consolidating as thick massive beds to the northeast.

Hole FN-14-42 intersected 174.96 metres (574 ft.) of chromite mineralization, from 896.55 to 1071 metres, in a well layered sequence of heavily disseminated, semi-massive and massive chromitite. A 154.07 metre (505 ft.) interval from 901.07 to 1055.14 metres has an average grade of 25.04% Cr2O3, including a 35.78 metre (117 ft.) interval from 918.99 to 954.77 metres with an average grade of 31.92% Cr2O3. This intercept is 50 metres (164 ft.) east of the claim boundary at 845 to 995 metres (2,772 to 3,264 ft.) from surface.

Hole FN-14-43 intersected 88.04 metres (288 ft.) of chromite mineralization, from 712 to 800.52 metres with an average grade of 24.71% Cr2O3, in a layered sequence of heavily disseminated, semi-massive and massive chromitite. A 36.43 metre (119 ft.) interval, from 756.26 to 792.69, has an average grade of 36.43% Cr2O3.

In summation, the 2014 drilling campaign has not only demonstrated the continuity of the chromite mineralization, it found that it is substantially thicker than anticipated.

Drill results; C-6 target, gold discovery:

Three holes, FN-14-038, 039 and 041 tested the east-west gravity anomaly at the C-6 target area, one kilometer northeast of the Black Horse chromite deposit, for potential chromite mineralization.

Hole FN-14-038 was collared south of the anomaly and drilled northwards where it intersected chromite bearing pyroxenites and peridotites from 40.62 to 214.22 metres. The chromite is irregularly dispersed as fine and heavy disseminations and short intervals of semi-massive chromite. Assays ranged up to 19.29% Cr2O3 over 0.67 metres.

Hole FN-14-039 was collared 100 metres (328 ft.) south of hole 038, and drilled northwards underneath hole 038. Chromite bearing pyroxenite was intersected from 170.9 to 302.05 metres with assays ranging up to 7.92% Cr2O3 over one meter. The pyroxenite from 170.9 to 302.05 was subjected to shearing, alteration and veining resulting in a quartz-magnesite-talc breccia with occasional disseminated sulphides and fuchsite. From 223.97 to 224.47 metres, a 0.5 meter quartz vein containing 15% chalcopyrite, 1% pyrrhotite assayed 8.85 grams per tonne gold. A re-assay of this sample was 12.20 grams per tonne gold.

A one meter sample from 198 to 199 metres was assayed in duplicate as a result of the QA/QC protocol. These two assays were 2.2 and 2.45 grams per ton gold. A re-assay of this sample was 3.25 grams per ton gold. This sample was of a sulphide poor quartz-magnesite-talc breccia.

Hole FN-14-041 was collared 105 metres east of hole 039. It intersected the quartz-magnesite-talc breccia from 71.5 to 177.5 metres, all of which was assayed, the highest gold assay being 143 ppb. The remainder of the hole, to 363 metres, consisted of altered pyroxenite without chromite.

The quartz-magnesite-talc breccia intersected in holes FN-14-039 and 041 is interpreted to be the extension of the same breccia zone intersected 15 times in the vicinity of the Black Horse chromite deposit and which is interpreted to be the extension of the gold bearing JJJ zone on the adjacent Noront property.

Future Work:

A revised 43-101 compliant resource calculation will benefit from the three significant new chromite intercepts produced during this program. The better understanding of chromite distribution in the Black Horse deposit will focus future drilling towards the higher grade northeastern portion of the deposit which remains open at depth and on strike to the northeast. An evaluation of previous geophysical surveys will be undertaken in context of potential sulphide rich gold mineralization.

Sample Preparation, Analyses and Security:

The assay and sample information as well as geological descriptions are taken from drill logs as prepared by the project geologists for the drill program. All drill core was NQ in size and assays are completed on split or sawed half-cores, with the second half of the core kept for future reference. The samples are put into rice bags which are sealed with security locks for shipping directly to Activation Labs (“Actlabs”), an accredited assay laboratory, in Thunder Bay, Ontario.

Stringent QAQC procedures are followed. Samples are shipped to the laboratory in batches of 35 samples. Each sample batch includes 2 standards, 1 blank, and 1 duplicate that are inserted on site, plus a duplicate coarse reject and 1 duplicate pulp that are prepared at the laboratory and inserted. In addition, Actlabs also employs a rigorous in-house QAQC regime which includes standards, blanks and duplicates.

Once the final assays are received from Actlabs and prior to any data being released to the public, a review of all QAQC data is conducted by an independent qualified person to ensure that the data released are within predetermined norms.

All samples are analyzed by Actlabs at either their main laboratory in Ancaster, Ontario or at their Thunder Bay, Ontario facility. Both laboratories are ISO accredited. All samples are assayed for:

  • Au, Pd & Pt by fire assay with an ICP/OES finish (Actlabs code 1C-OES).
  • 15 major element oxides, including Cr2O3 by fusion-XRF (Actlabs code 4C).

M.J. (Moe) Lavigne, P.Geo., is the Qualified Person (QP) with respect to this project and has reviewed and approved the related information within this press release.

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.

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

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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KWG Resources Inc.: Divisional Court Permits 30-Minute Intervention by AGO/MNDM in Cliffs’ Appeal of Mining Commissioner Decision

Posted by AGORACOM-JC at 4:11 PM on Tuesday, April 29th, 2014

TORONTO, ONTARIO–(April 29, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) advises that an Order has been made by the Divisional Court of the Superior Court of Justice of Ontario following argument yesterday of the application of the Attorney General of Ontario, for leave to intervene on behalf of the Minister of Northern Development and Mines in an appeal to be heard by the Court in mid-June.

The scheduled hearing results from a Cliffs Natural Resources Inc. subsidiary (“Cliffs”) having appealed a decision of the Mining and Lands Commissioner of Ontario rendered on September 10, 2013. In that decision, the tribunal dismissed Cliffs’ application for an order to dispense with the consent of KWG so that an easement might be granted to Cliffs to build a road over the mining claims staked and assessed by KWG subsidiary Canada Chrome Corporation.

Divisional Court Justice Thomas Lederer ordered that the Attorney General, on behalf of the Minister of Northern Development and Mines, should be granted leave to address the Divisional Court panel to be convened to hear the Cliffs appeal provided the representations are concluded within a half-hour.

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 Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575 Ext103
[email protected]

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