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KWG Resources Inc C.CACR

Alternate Symbol(s):  KWGBF | C.CACR.A

KWG Resources Inc. is a Canada-based exploration stage company. It is focused on acquisition of interests in, and the exploration, evaluation and development of deposits of minerals including chromite, base metals and strategic minerals. It is the owner of 100% of the Black Horse chromite project. It also holds other area interests, including a 100% interest in the Hornby claims, a 15% vested interest in the McFaulds copper/zinc project and a vested 30% interest in the Big Daddy chromite project. It has also acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. It also owns 100% of Canada Chrome Corporation, a business of KWG Resources Inc., (the Subsidiary), which staked mining claims between Aroland, Ontario (near Nakina) and the Ring of Fire. The Subsidiary has identified deposits of aggregate along the route and made an application for approximately 32 aggregate extraction permits.


CSE:CACR - Post by User

Post by startenouton Jul 10, 2022 11:00pm
215 Views
Post# 34814315

Just a refresher while we wait patiently

Just a refresher while we wait patientlyDare to dream......MacDonald  let these claims lapse when the assessment credits gained from airborne geophysical surveys ran out. The surveys did not generate electro-magnetic conductors that warranted drill testing for volcanogenic massive sulphides that MacDonald  was searching for. However, the combined magnetic and gravity surveys on the Koper Lake (Duncan) and Pender claims do indicate the presence of a  mafic intrusion, a potential host to both chromite and nickel-copper mineralization.

On June 5th, 2015 KWG announced the purchase of a property consisting of 4 16-unit claims (4221150, 4221151, 4221152 and 4221153) and 1 12-unit claim (4213083) from MacDonald , called the Hornby property (Figure 6). The claims are attached to the southern boundary of the Big Daddy claim block, and also attached to the eastern boundary of the Fancamp claims. MacDonald  drilled four holes on electro-magnetic targets searching for volcanogenic copper-zinc deposits without success. The most promising target on this property is on the westernmost claim where the Ring of Fire intrusion that hosts the Big Daddy chromite deposit crosses the claim. Based on both magnetic and gravity data, the claim contains approximately a 1 kilometer segment of the intrusion that has never been tested by drilling. In addition to the potential to discover chromite, the Hornby property should be explored for intrusion hosted nickel-copper deposits, volcanic hosted copper-zinc deposits and gold       map https://kwgresources.com/wp-content/uploads/2015/08/Figure-6.jpg



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