KWG Resources Publishes Ring of Fire Infrastructure Corridor KWG Resources Publishes Ring of Fire Infrastructure Corridor Compilation Map - Junior Mining Network
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KWG Resources publishes Ring of Fire map
2024-09-04 17:12 ET - News Release
Mr. Bruce Hodgman reports
KWG PUBLISHES RING OF FIRE INFRASTRUCTURE CORRIDOR COMPILATION MAP
KWG Resources Inc., which carries on business as The Canadian Chrome Company, has published its Ring of Fire infrastructure compilation map, which includes its proposed utility corridor for constructing transportation and electrification systems through the James Bay Lowlands from Nakina, Ont., to the company's Black Horse chromite discovery, a distance of 330 kilometres. The compilation plan will be republished shortly to include electricity transmission line locations to the area's remote communities.
The company's wholly owned subsidiary, Canada Chrome Corp., staked 1,685 claims in 2009 and 2010 along what the company believes to be the most suitable terrain for constructing transportation and electrification systems through the James Bay Lowlands from Nakina, Ont., to the company's properties in the Ring of Fire, a distance of 330 kilometres. The subsidiary staked 1,685 claims in 2009 and 2010, and then conducted a surveying and mineral and soil testing program to explore for minerals and to assess the prospects for the engineering and construction of a railway or other transportation facility along that route. The subsidiary identified deposits of aggregate along the route and made application under the Aggregates Act (Ontario) for 32 aggregate extraction permits to supply from local sources along the route the aggregate needed for construction of the roadbed and other facilities. Then, in 2021, the company and its subsidiary engaged Cormorant Utilities and Rail-Veyor Technologies to prepare engineering proposals for the construction of transportation and utility systems along the route of the proposed utility corridor to connect the Ring of Fire area to the Trans-Canada transportation system and the Ontario power grid, which run through Nakina, Ont. (near Aroland). The proposals include electrification systems connecting from the utility corridor to several first nations communities in the James Bay Lowlands in the Ring of Fire area.
About KWG Resources Inc.
KWG Resources, which carries on business as Canadian Chrome, is an exploration-stage company that is focused on identification, acquisition, consolidation, exploration, development and evaluation of large-scale deposits of minerals, including chromite, base metals and strategic minerals, and, where applicable, in the development of transportation and electrification links to access remote areas where these deposits may be located. Canadian Chrome is a registered business style of KWG Resources. In respect of chromite, KWG Resources is the owner of 100 per cent of the Black Horse chromite project (formerly part of Fancamp's Koper Lake-McFaulds properties) in which Bold Ventures Inc. is carried through exploration of the former Fancamp claims for 10 per cent of the chromite project. KWG Resources also holds other area interests, including a 100-per-cent interest in the Hornby claims, a 15-per-cent vested interest in the McFaulds copper/zinc project and a vested 30-per-cent interest in the Big Daddy chromite project. KWG Resources also owns 100 per cent of Canada Chrome Corp., which staked mining claims between Aroland, Ont. (near Nakina), and the Ring of Fire. The subsidiary has conducted a surveying and mineral and soil testing program to explore for minerals and to assess the prospects for the engineering and construction of a railway or other transportation facility along that route between the Ring of Fire and Aroland, Ont., covering the claims staked by the subsidiary. The subsidiary identified deposits of aggregate along the route and made application for 32 aggregate extraction permits. The subsidiary engaged Cormorant Utilities and Rail-Veyor Technologies for engineering proposals for the construction of a transportation and utility corridor within the route to connect the Ring of Fire area to transportation and electrification systems which run through Nakina, Ont. (near Aroland), connecting to Southern Ontario and the rest of Canada, and has received those proposals. Those proposals include electrification systems connecting to several first nations communities in the James Bay Lowlands, including in the Ring of Fire area. KWG Resources has also acquired intellectual property interests, including a lower-cost and reduced carbon method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG Resources subsidiary Muketi Metallurgical LP has acquired two chromite-refining patents in Canada and one in each of the United States, South Africa and Kazakhstan, and is prosecuting an application in Turkey.