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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 Jan 22, 2023 6:41pm
279 Views
Post# 35238861

Orientation of Magnetotellurgic Survey

Orientation of Magnetotellurgic Surveyin relation to other properties in the immediate are. Trying  to put everything into relation as it corelates to the survey I did a bit of a deep dive into the suuronding properties, as all this can get a bit confusing as to what is where. so here it goes, this was all referenced from various sites and News releases. 
 The North West corner of the Koper Lake claims ( 100% KWG) formerly Macdonald Mines Exploration which fro West to East were called the Duncan and Pender claims and are parrallel to each other.The Duncan portion of these claim are only 600 meters from the ROFMetals Eagle 2, Blackbird, and Tripple J mineral occurances. It is also 2 KM from the Eagles Nest deposit. These are the 2 claims that KWG staked from 2 helicopters after Macdonald let the claims lapse and which Noront contested the claiming method and lost in court after a 3 year battle.These claims did not generate electro-magnetic conductors for volconogenic massive sulfides that Macdonald mines were hoping for, but the combined magnetic and gravity surveys on these 2 properties ( Duncan & Pender) do indicate the presence of Mafic Intrusion, which can harbour potential for Chromite and Nickel/copper mineralization.
  Directly above Duncan and Pender, now know as the Koper lake properties,is the bottom ( souther) border of the four newly aquired Fancamp/KWG/Bold ( here on in called Fancamp) . Fancamp retains a 2% NSR of these claims and Bold retains a 10% carried interest in all the Chromite and a 40% carried interest in all other metals contained within these 4 claims.
  The Tripple J highlight noted above contain gold mineralization which range in value from0.3-30.0 g/t AU. 
  Hole NOT-08-15058 returned 12.65g/t  over 1.1 meters.
  Hole NOT-08-1G062intersected 9.6 meters grading 1.54g/t including 4.4 meters @ 3.04g/t.
  Hole NOT-08-1G13 intersected 1.5 meters grading 18.3g/t.
  The surface projection of Franks Fault is on strike with the Triple J gold occurance.
Immediately West of the Fancamp claims , owned by ROFmetals, host the Eagles Nest deposit , and is only 300 meters North of 1 of the Fancamp claim posts.ROFmetals Blackbird Chromite deposit terminates against the Western boundary at the South end of the Fancamp claim.
 Of note, most of all the drill holes that were put into Franks fault returned significant quarttz and quartze veining . quote, "   A distinctive feature of Frank’s Fault is an abundance of quartz. Most of the quartz was introduced into the host rocks in the form of veins and some through silicification. The quartz in the talc-quartz breccias consist of centimeter scale tabular fragments which are the remnants of quartz veins that existed prior to the ductile deformation of the ultramafic host (Figure 9c). Remnants of larger veins are also common as lozenge shaped fragments (Figure 9a, b). In several holes, up to 50 metres of pure white quartz was intersected (Figure 12). The host ultramafic rock in the vicinity of quartz veining is always completely altered to talc. Talc alteration extends tens of metres into the wallrock beyond the veins. Frank’s Fault has features typical of Archean age shear zones commonly associated with gold mineralization.
 The Northern most Fancamp claim stake is ajacent to and West of the Big Daddy ( 70% ROFmetals and 30% KWG) and South of a claim containing Probes Black Creek Chromite deposit.
 Directly West of the Eastern boundary of the Big Daddy claim is the Mcfaulds claim  (15% KWG-85% ROFmetals) which contain massive sulfides of copper and zinc.This was the first discovery of what is now know as the Ring of Fire. From what I can gather, Debeers still has a 1.5% NSR on this property and the Spider/KWG JV discovered 10 occurances of either copper or Zinc. 
 The big take away from all this is that is that within the Fancamp claims, lies Franks Fault , which needs to be properly delineated mapped out and the fact that it is almost completely surrounded by some form of mineralization. In my mind, this is extremely exciting and also in my mind it is a prerecusite to a major drilling campane.In the last news release the other day they , they used the phrase " potential target area" and also mentioned the will be flying over the other places I mentioned  in this summaryr of the Fancamp claims. Happy hunting KWG, and hope the mineralization season is open to put many holes into Fancamp. 
  here is a reference map again https://kwgresources.com/wp-content/uploads/2015/08/Figure-6.jpg
    
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