|By Marketwired .||
|July 23, 2014 05:48 PM EDT||
TORONTO, ONTARIO -- (Marketwired) -- 07/23/14 -- KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) was served yesterday with a notice that Noront Resources Ltd. will appeal to the Mining and Lands Commissioner of Ontario to set aside the finding of the Provincial Mining Recorder that KWG was the first to stake two 16 unit claims when they came open on the morning of June 17, 2011. These two claims are contiguous to the southern two claims 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.
"Koper Lake is an important amphibious aircraft facility for the Ring of Fire and the area used for landing and docking is within the eastern boundary of these claims," said KWG President Frank Smeenk. "In the past our exploration crews have been blockaded there, or embargoed from landing there, or been levied substantial landing fees. We believe that this necessary part of the area's transportation assets should be operated as a public facility. From this sprang the concept of a federally sponsored Port Authority. Accordingly, we are hopeful that the Provincial Mining Recorder's Order will be upheld so that we can now assess the mineral potential of these claims and add their surface endowments to an integrated transportation network for the area. This is as contemplated by the 'Northland Development Corporation Act' that we provided to each candidate during the Ontario election campaign. We hope that those candidates who are now members of the legislature will encourage their cabinet colleagues to adopt the Bill."
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
KWG Resources Inc.
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