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KWG Makes Headway on Ring of Fire Transportation

KWG Resources Inc. (CSE:KWG) announced that its agent, Golden Share Mining Corp. (TSXV:GSH), has informed it that China Railway First Survey & Design Institute Group Co. Ltd. (FSDI) has completed an initial analysis of data provided by KWG. According to FSDI, the data is “adequate for FSDI to undertake a Feasibility Study on behalf of the parties.”

A press release put out in November indicates that the feasibility study will cover “all aspects of the construction of a Ring of Fire transportation corridor and railroad.”

KWG’s most recent release also states:

At the request of the British Columbia Securities Commission (“BCSC”), KWG will file an amended version of the report “National Instrument 43-101 Technical Report, Koper Lake Project Chromite Deposit, McFauld’s Lake Area, Ontario, Canada, Porcupine Mining Division, NTS 43D16, Updated Mineral Resource Estimation Technical Report, UTM: Zone 16, 548460m E, 5842511m N, NAD83” which is now dated December 15, 2015. The report was not previously addressed to the property’s optionor Fancamp Exploration Ltd. as well as the optionee KWG; this has been corrected. Also, on page 58 the description of the limits of the mineral envelope had incorrect distances to the nearest holes; these have now been corrected. Further, on page 59 a new section titled “Determination of Cut-off Grade” has been added. A version extracted from another report done by the authour for nearby chromite deposits, and vetted by the Ontario Securities Commission, was initially provided but BCSC requested more information. It should be noted that the original facts supporting the use of the cut-off chosen still remain. Section 23 (Other Relevant Information) has been amended by removing all mention of the sample analysis program done using a Niton portable X-ray analyser.

Click here to read the full KWG Resources Inc. (CSE:KWG) press release.

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