KWG Declared Winner in 2011 Staking Race With Noront
27 Juni 2014 - 4:17PM
Marketwired
KWG Declared Winner in 2011 Staking Race With Noront
MONTREAL, QUEBEC--(Marketwired - Jun 27, 2014) - In an Order
dated June 24, 2014 the Provincial Mining Recorder for Ontario has
confirmed that KWG Resources Inc. (TSX-VENTURE:KWG) was the first
to stake two 16-unit claim blocks after they came open on the
morning of June 17, 2011. The two claim blocks are contiguous to
the southern two claim blocks of the Fancamp Exploration Ltd. Koper
Lake claims where KWG is assessing the economic potential of the
Black Horse chromite deposit under an option agreement with Bold
Ventures Inc. and Fancamp. The Mining Recorder's Order provides
that KWG will have until June 24, 2016 to perform and file the
first unit of assessment work and that the Disputant Eric Mosley on
behalf of Noront Resources Ltd. will have 30 days from the date of
the Order to appeal. The Order followed a two-day hearing before
the Mining Recorder on April 24 and 25, 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.
Shares issued and outstanding: 777,512,273
Bruce HodgmanVice-President416-642-3575info@kwgresources.com
(TSXV:KWG)
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