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kwg resources inc (KWG) Details

KWG Resources Inc., an exploration stage company, engages in the exploration and evaluation of base and precious metals in Canada. It explores for copper, zinc, nickel, chromium, PGE, and diamond deposits. The company holds interests in various mineral exploration properties in Northwestern Ontario. KWG Resources Inc. was incorporated in 1937 and is headquartered in Montréal, Canada.

Founded in 1937

kwg resources inc (KWG) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$300.0K
Chief Financial Officer
Total Annual Compensation: C$170.5K
Compensation as of Fiscal Year 2012.

kwg resources inc (KWG) Key Developments

KWG Resources Inc. Appoints Donald Sheldon as a Director

KWG Resources Inc. announced that its Board of Directors has resolved to increase its number to five and appoint Donald Sheldon as a Director of the company. Sheldon is a mining securities lawyer practising at the firm of Sheldon Huxtable Professional Corp. in Toronto.

KWG Resources Inc. Testing Indicates New Ferrochrome Refining Method

KWG Resources Inc. reported that further laboratory tests on the reduction of the Black Horse chromite using natural gas have been completed. The results of these tests provide substantial encouragement that the newly developed method may be utilized to convert the Black Horse chromite into a metallised chrome and iron alloy. During these tests by XPS Consulting & Testwork Services, this chromite, blended with suitable solid carbon as reductant, was reduced in the solid state at atmospheric pressure in the presence of reformed natural gas to produce the alloy. Reactions commenced at 900degC when a suitable accelerant was used to enhance the reactions - substantially lower than is usual for chromite ores. In addition, the time required for the reductants to convert the oxide ore to alloy was substantially less than one hour - much faster than established direct reduction methods have produced. Based on these tests only, preliminary estimates provided in a report indicate that very substantial energy savings result. The study suggests that overall direct energy costs to process one tonne of concentrate into metallized ferrochrome alloy are less than half those required for conventional technology. In addition, the process has a considerably lower greenhouse gas emission footprint and greatly reduced impact on the environment. Capital costs are estimated to be significantly lower than those for conventional processes utilizing electrical energy.

Bold Ventures Inc. and KWG Resources Inc. Completes 5,000 Meter Drilling Program Which Commenced January 18

Bold Ventures Inc. and KWG Resources Inc. reported that the 5,000 meter drilling program which commenced January 18 has been completed. The program met its objective of extending the Black Horse chromite deposit to depth. A total of six holes were drilled during the program: three on the Black Horse deposit and three on an untested gravity anomaly known as the C-6 target, one kilometer northeast of the Black Horse. It should be noted that further work, at depth, in the vicinity of the C-6 target remains to be accomplished in order to adequately test the nickel potential in this vicinity. FN-14-038, the first hole at the C-6 target was drilled south to north and intersected low grade chromite mineralization from 73.77 meters to 107.20 meters totaling 33.4 meters (109.7 ft). Chromite was also intersected closer to surface in highly sheared rock with low core recovery. The hole was terminated in granite. A second hole, FN-14-039, was collared 100 meters (328 ft) to the south, and drilled north underneath hole FN-14-038. After passing through some volcanic rock, the hole intersected a major shear zone from 116 to 265 meters for a total interval of 149 meters (488.7 ft), with abundant quartz-carbonate veining and trace sulphides. This is the northeastern extension of the JJJ zone first recognized on the Noront property where it contains elevated gold values, and which was drilled through many times during the 2013 Black Horse drilling campaign. Beyond the shear zone, the hole intersected pyroxenite with minor chromite and was also terminated in granite. The third hole at the C-6 target, FN-14-041, was collared 105 meters (344.4 ft) to the east. It encountered the JJJ shear zone from 71.5 meters to 175.5 meters totaling 104 meters (341.1 ft) which was followed by pyroxenite to the end of the hole at 365 meters (1197.2 ft). The pyroxenite in this hole is not that of the east-west oriented Ring of Fire intrusion, but is rather a north-south dyke discernible from its faint gravity anomaly with a coincidental magnetic high that could be interpreted to be a feeder dyke to the Ring of Fire intrusion. The objective of drilling the Black Horse chromite deposit was to expand the inferred resource category to depth. Three holes were completed: FN-14-040 is a 1233 metre (4044.2 ft) hole in the central portion, southwest of the deep intercept of hole FN-10-026 drilled by Fancamp Exploration Ltd. in 2011; FN-14-042C is a 1131 meter (3709.7 ft) hole drilled near the western claim boundary; and FN-14-043 is an 850 meter (2788 ft) hole that targeted, at a shallower depth, the midpoint between the other two holes. All three holes intersected chromite mineralization: Hole FN-14-040 intersected chromite mineralization from 1041.67 meters to 1181.47 meters totaling 139.8 meters (358.6 ft), including a massive to semi-massive interval from 1099.5 meters to 1181.47 meters for a total interval of 82.0 meters (269.0 ft); Hole FN-14-042C encountered chromite from 903.7 meters to 1070.96 meters totaling 167.3 meters (548.8 ft) containing mixed massive, semi-massive, and heavily disseminated intervals; Hole FN-14-043 intersected heavily disseminated semi-massive and massive chromite from 712.59 meters to 800.52 meters for an interval of 87.93 meters (288.4 ft) including a massive unit from 756.25 meters to 790.06 meters for an interval of 33.81 meters (111 ft). True widths of the intervals quoted in this release are not discernable at the present time. The core has been sampled and submitted to Actlabs, Thunder Bay for assay. The data from the assays will be added to the inferred resource estimate model with a view to updating the resource estimate.


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