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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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KWG Applauds Development Corporation Plan

Posted by AGORACOM-JC at 5:19 PM on Monday, April 28th, 2014

TORONTO, ONTARIO–(April 28, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) today announced: We are encouraged that Minister Gravelle has indicated: “The approach and priorities with respect to this investment will be established in partnership with First Nations, governments and industry partners through the development corporation.”

KWG is very supportive of the proposed Development Corporation. At the Minister’s request, we have met often with the Deloitte consultants engaged by the Minister, to discuss the many considerations attending the creation and financing of a Development Corporation. Some great Canadian infrastructure projects, such as Pearson International Airport, exemplify what can be achieved when an industry and those served by it are given governance of a public institution subject to the discipline of the financial markets. We feel this model would ideally serve the infrastructure requirements of the Ring of Fire and the many communities directly affected by such developments, whose consultation and participation is paramount.

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.

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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KWG Board Expanded to Include Donald Sheldon

Posted by AGORACOM-JC at 5:05 PM on Tuesday, April 8th, 2014

TORONTO, ONTARIO–(April 8, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) announces that its Board of Directors has resolved to increase its number to five and appoint Donald Alexander Sheldon, B.A.Sc. (1970 University of Toronto), M.A.Sc. (1972, University of Toronto), LL.B. (1974, Osgoode Hall Law School at York University), P.Eng. (1973, Association of Professional Engineers of Ontario) as a Director of the Company.

Mr. Sheldon is a mining securities lawyer practising at the firm of Sheldon Huxtable Professional Corporation in Toronto. He is also a professional engineer. Mr. Sheldon has been practicing corporate and commercial law for over 30 years with an emphasis on corporate finance and securities regulation. He is licensed to practice law in both Ontario and Alberta. He is and has been the director and/or officer of numerous other public corporations listed on Canadian stock exchanges.

The Company also announces that 8.4 million options exercisable at $0.10 each were granted under the Company’s Incentive Stock Option Plan. Of these 1.6 million were granted to employees, 1.8 million to officers, 0.5 million to an officer and director, and 4.5 million to directors.

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.

Shares issued and outstanding: 750,312,273

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

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KWG Applauds Announcement of ONTC Developments

Posted by AGORACOM-JC at 5:42 PM on Friday, April 4th, 2014

TORONTO, ONTARIO–(April 4, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is very encouraged that Minister of Northern Development and Mines Michael Gravelle earlier today announced his support for the development and renewal of the capacities of the Ontario Northland Transportation Commission.

“Around the globe, the recurring challenge of insuring the environmental and economic sustainability of bulk commodity extraction and processing – is transportation,” said KWG President Frank Smeenk. “One of the unique blessings of the location of the Ring of Fire discovery in Northern Ontario is the opportunity to exploit it with the multi-billion dollar legacy infrastructure assets of the Ontario Northland Railroad. This is very substantial capital that need not be spent or amortized in fixing very long term and large tonnage transportation costs. It is a huge competitive advantage.”

“The ONR has lost one freight customer after another in recent years, to the point where its survival became very questionable. The discovery of the Ring of Fire’s chromite deposits now promises to insure substantial bulk freight traffic for many generations. This can revive and expand the ONR. In fact, we have suggested that the Minister consider if the ONTC Act might be amended to become the Northland Development Corporation Act. This would be consistent with the ONTC’s original mandate and the Minister’s expressed desire to have new infrastructure requirements met by a focused development corporation.”

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence 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.
Contact Information

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

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KWG Testing Indicates New Ferrochrome Refining Method

Posted by AGORACOM-JC at 12:36 PM on Wednesday, April 2nd, 2014

TORONTO, ONTARIO–(April 2, 2014) – KWG Resources Inc. (TSX VENTURE:KWG) (“KWG”) is pleased to report that further laboratory tests on the reduction of the Black Horse chromite using natural gas have been completed. The results of these tests provide substantial encouragement that the newly developed method may be utilized to convert the Black Horse chromite into a metallised chrome and iron alloy. During these tests by XPS Consulting & Testwork Services – a Glencore Company, this chromite, blended with suitable solid carbon as reductant, was reduced in the solid state at atmospheric pressure in the presence of reformed natural gas to produce the alloy.

Reactions commenced at 900°C when a suitable accelerant was used to enhance the reactions – substantially lower than is usual for chromite ores. In addition, the time required for the reductants to convert the oxide ore to alloy was substantially less than one hour – much faster than established direct reduction methods have produced.

Based on these tests only, preliminary estimates provided in a report indicate that very substantial energy savings result. The study suggests that overall direct energy costs to process one tonne of concentrate into metallized ferrochrome alloy are less than half those required for conventional technology. In addition, the process has a considerably lower greenhouse gas emission footprint and greatly reduced impact on the environment. Capital costs are estimated to be significantly lower than those for conventional processes utilizing electrical energy. As previously reported, an international patent of the method is being pursued.

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence 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.

Arthur Barnes FSAIMM, Principal Consultant at XPS Consulting & Testwork Services – a Glencore Company together with M. J. (Moe) Lavigne, P. Geo., Vice-President of Exploration & Development for KWG, are the Qualified Persons who have reviewed and approved the contents of this release.

The Company also reports that the news release of the private placement completed on March 26, 2014, failed to disclose that finder’s fees included a payment in cash of $2500 and a compensation option entitling its holder to purchase 20,000 common shares of KWG at a price of $0.05 during a three-year period.

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 reducing chromite ore into ferrochrome by means of natural gas that is the subject of the laboratory tests and patent application 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 gas reduction process, the grant or approval of a patent on any invention disclosed in the patent applications relating to the commercialization of the gas reduction process, and any expected benefit of commercialization relating thereto, that overall direct energy costs to process one tonne of concentrate into metallized ferrochrome alloy will not be less than half those required for conventional technology, the process will not have a considerably lower greenhouse gas emission footprint and greatly reduced impact on the environment, or that capital costs will not be significantly lower than those for conventional processes utilizing electrical energy) 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: 750,312,273

Contact Information

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

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Bold Ventures Inc. and KWG Resources Inc.: Black Horse Drilling Update

Posted by AGORACOM-JC at 10:57 AM on Thursday, March 27th, 2014

TORONTO, ONTARIO–(March 27, 2014) – Bold Ventures Inc. (TSX VENTURE:BOL) (“Bold“) and KWG Resources Inc. (TSX VENTURE:KWG) (“KWG“) are pleased to report that the 5,000 metre drilling program which commenced January 18th has been completed. The program met its objective of extending the Black Horse chromite deposit to depth.

A total of six holes were drilled during the program: three on the Black Horse deposit and three on an untested gravity anomaly known as the C-6 target, one kilometer northeast of the Black Horse. It should be noted that further work, at depth, in the vicinity of the C-6 target remains to be accomplished in order to adequately test the nickel potential in this vicinity.

FN-14-038, the first hole at the C-6 target was drilled south to north and intersected low grade chromite mineralization from 73.77 metres to 107.20 metres totalling 33.4 metres (109.7 ft). Chromite was also intersected closer to surface in highly sheared rock with low core recovery. The hole was terminated in granite.

A second hole, FN-14-039, was collared 100 metres (328 ft) to the south, and drilled north underneath hole FN-14-038. After passing through some volcanic rock, the hole intersected a major shear zone from 116 to 265 metres for a total interval of 149 metres (488.7 ft), with abundant quartz-carbonate veining and trace sulphides. This is the northeastern extension of the JJJ zone first recognized on the Noront property where it contains elevated gold values, and which was drilled through many times during the 2013 Black Horse drilling campaign. Beyond the shear zone, the hole intersected pyroxenite with minor chromite and was also terminated in granite.

The third hole at the C-6 target, FN-14-041, was collared 105 metres (344.4 ft) to the east. It encountered the JJJ shear zone from 71.5 metres to 175.5 metres totalling 104 metres (341.1 ft) which was followed by pyroxenite to the end of the hole at 365 metres (1197.2 ft). The pyroxenite in this hole is not that of the east-west oriented Ring of Fire intrusion, but is rather a north-south dyke discernible from its faint gravity anomaly with a coincidental magnetic high that could be interpreted to be a feeder dyke to the Ring of Fire intrusion.

The objective of drilling the Black Horse chromite deposit was to expand the inferred resource category to depth. Three holes were completed:

FN-14-040 is a 1233 metre (4044.2 ft) hole in the central portion, southwest of the deep intercept of hole FN-10-026 drilled by Fancamp Exploration Ltd. in 2011; FN-14-042C is a 1131 metre (3709.7 ft) hole drilled near the western claim boundary; and FN-14-043 is an 850 metre (2788 ft) hole that targeted, at a shallower depth, the midpoint between the other two holes. All three holes intersected chromite mineralization:

Hole FN-14-040 intersected chromite mineralization from 1041.67 metres to 1181.47 metres totalling 139.8 metres (358.6 ft), including a massive to semi-massive interval from 1099.5 metres to 1181.47 metres for a total interval of 82.0 metres (269.0 ft);

Hole FN-14-042C encountered chromite from 903.7 metres to 1070.96 metres totalling 167.3 metres (548.8 ft) containing mixed massive, semi-massive, and heavily disseminated intervals;

Hole FN-14-043 intersected heavily disseminated semi-massive and massive chromite from 712.59 metres to 800.52 metres for an interval of 87.93 metres (288.4 ft) including a massive unit from 756.25 metres to 790.06 metres for an interval of 33.81 metres (111 ft).

True widths of the intervals quoted in this release are not discernable at the present time. The core has been sampled and submitted to Actlabs, Thunder Bay for assay. The data from the assays will be added to the inferred resource estimate model with a view to updating the resource estimate.

M. J. (Moe) Lavigne, P. Geo., Vice-President of Exploration & Development for KWG, is the Qualified Person that has reviewed and approved the contents of this release.

About Bold Ventures:

Bold has interests in various mineral properties located in and around the Ring of Fire Area of Northern Ontario and in the Atikokan area of Northwestern Ontario. Additionally, Bold is exploring five base and precious metals properties in the Abitibi Greenstone belt of Northwestern Quebec.

About KWG:

KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite occurrence where inferred resources have been 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 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.
Richard Nemis
CEO and President
416-864-1456

Bold Ventures Inc.
David Graham
Executive Vice-President
416-864-1456
www.boldventuresinc.com

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

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