|By Marketwired .||
|June 27, 2014 10:18 AM EDT||
MONTREAL, QUEBEC -- (Marketwired) -- 06/27/14 -- 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
Jan. 20, 2017 11:30 AM EST Reads: 690
Jan. 20, 2017 10:45 AM EST Reads: 6,068
Jan. 20, 2017 10:45 AM EST Reads: 3,688
Jan. 20, 2017 09:45 AM EST Reads: 5,500
Jan. 20, 2017 09:45 AM EST Reads: 2,912
Jan. 20, 2017 09:15 AM EST Reads: 6,380
Jan. 20, 2017 08:30 AM EST Reads: 4,739
Jan. 20, 2017 08:15 AM EST Reads: 4,927
Jan. 20, 2017 08:15 AM EST Reads: 4,705
Jan. 20, 2017 08:00 AM EST Reads: 4,261
Jan. 20, 2017 07:15 AM EST Reads: 2,970
Jan. 20, 2017 07:00 AM EST Reads: 9,072
Jan. 20, 2017 07:00 AM EST Reads: 6,863
Jan. 20, 2017 06:15 AM EST Reads: 1,625
Jan. 20, 2017 06:15 AM EST Reads: 3,647