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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 TequilaRose44on Dec 18, 2024 1:17pm
121 Views
Post# 36368352

Did we know this? I don't remember seeing it before.

Did we know this? I don't remember seeing it before. Teck options Canterra project in Ring of Fire
October 1, 2024  
Teck Resources (TSX: TECK.A, TECK.B; NYSE: TCK) is jumping into the action in Ontario’s Ring of Fire. Canada’s biggest diversified miner has entered into an option agreement with Canterra Minerals (TSXV: CRM) to acquire 100% of Canterra’s property in the region.
Teck will pay a total of C$275,000 cash over the next two years, and Canterra will retain a 1.5% net smelter royalty. The NSR can be reduced to 0.5% upon the exercise of a buy-back right by Teck for a further C$2 million to Canterra.
Canterra’s Ring of Fire Property covers approximately 30 sq. km. of land acquired through staking in 2023. It is located 40 km from the Eagle’s Nest nickel-platinum group metals deposit, owned by Australian Wyloo Pty.
Canterra calls this area of the James Bay Lowlands ‘largely unexplored’ due to limited bedrock exposure. The property is known to host several strong VTEM anomalies identified as high-priority drill targets.
The property covers several geophysical targets within bedrock units, that based upon their geophysical attributes, are inferred to be similar to host rocks to the Eagle’s Nest deposit, including mafic to ultramafic intrusive rocks prospective for magmatic nickel sulphide deposits.

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