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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

Comment by startenouton Jan 23, 2023 8:56am
137 Views
Post# 35239355

RE:RE:RE:RE:RE:RE:RE:RE:opinion

RE:RE:RE:RE:RE:RE:RE:RE:opinionFord, I am not sure where the  $200-300 million  comes from, but the location of those aggragates is a place where transporting an equal amount of said aggragate could make it worth that much. Also on that property is part of the rail coridor and 4 conductive targets that should be drilled.
 In addition to the value of those INV claims that contain the transportation corridor, several INV claims contain exposed bedrock that could be used as consolidated aggregate needed for a planned railroad embankment. This source of bedrock is of strategic value as it is the only easily accessible source of high quality consolidated aggregate in the northern two thirds of a 320 kilometer transportation corridor. CCC filed for assessment its geotechnical soil sampling program on the INV claims and distributed the credits to the higher priority claims, and allowed lower priority claims to lapse. The order of priority are those claims containing the transportation corridor, those claims containing bedrock exposures, and lastly those claims containing magnetic and electromagnetic anomalies that could be associated with high concentrations of valuable metallic minerals.
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