Development of Corridor Claims KWG Resources Inc. | (KWG: CSE) | KWG: For Clarification Requested by OSC
Development of Corridor Claims
KWG has previously stated that its subsidiary, Canada Chrome Corporation (“CCC”), staked and assessed more than 200 mineral claims along a lineament covering high ground where a road or railroad might be built linking the Trans-Canada east-west transportation corridor at Exton, Ontario, to the Ring of Fire in the James Bay Lowlands.
Such claim-staking does not confer the right-of-way for a railway or any other similar infrastructure.
The Company believes that CCC’s prior right to enter upon, use and occupy the surface to prospect, explore, develop and mine those claims, or make any application under the Public Lands Act (Ontario) in respect of any use of the surface rights over them, or for the grant of a lease under the Mining Act (Ontario), would provide sufficient tenure needed for purposes of seeking to develop its mineral assets.
Accordingly, at an appropriate time, CCC intends to apply for an easement over the surface of those claims and, in the interim, on any application by any other person for an alternative use, CCC intends to participate in that process to protect its interest and ensure that such interests are afforded the considerations and protections provided by the Mining Act (Ontario).
https://kwgresources.com/kwg-for-clarification-requested-by-osc/