Bold Ventures and KWG Resources are pleased to report that they have received the exploration permit for the Koper Lake Project drill program related to the option agreements between them and Fancamp Exploration Ltd. as previously announced. Work has resumed and provisions have been made to continue drilling through the spring breakup period until the completion of the up to 6000 metre diamond drilling program.
TORONTO, ONTARIO -- (Marketwired) -- 04/05/13 -- KWG Resources Inc. (TSX VENTURE: KWG) ("KWG") and Bold Ventures Inc. (TSX: BOL) ("Bold") have launched their exploration programs under the option agreements between them and Fancamp Exploration Ltd. (TSX VENTURE: FNC).
Two drills are testing the horizon of the Black Horse chromite discovery in which KWG may earn up to an 80% joint venture interest. A third drill is [...]
TORONTO, ONTARIO -- (Marketwire) -- 03/04/13 -- KWG Resources Inc. (TSX VENTURE: KWG) ("KWG") and Bold Ventures Inc. ("Bold") have now closed their agreement through which they may acquire from Fancamp Exploration Ltd. ("Fancamp") its interest in the mining claims hosting the Black Horse chromite occurrence. As previously reported, KWG will fund 100% of the exploration programs operated by Bold to enable Bold to earn [...]
TORONTO, ONTARIO -- (Marketwire) -- 02/21/13 -- KWG Resources Inc. (TSX VENTURE: KWG) ("KWG") has released a study that it commissioned by the international engineering firm Tetra Tech WEI Inc. to compare the capital and operating costs of both a railroad and an all-weather road to the Ring of Fire. The study estimates the capital costs for a roadway at $1.052 billion and a railroad at $1.561 billion. If 3 million [...]
The hearing of an application to The Mining and Lands Commissioner of Ontario that commenced on Monday February 4th, was concluded last Thursday afternoon with the tribunal reserving its decision in order to review and consider the evidence and arguments put before it during the two-week hearing.
TORONTO, ONTARIO -- (Marketwire) -- 02/04/13 -- KWG Resources Inc. (TSX VENTURE: KWG) announces that it has agreed to fund Bold Ventures Inc. ("Bold") as the Operator to drill off the Black Horse chromite discovery, commencing with an initial program starting as soon as the transaction with Bold closes. The intent of the program is to determine whether this chromite mineralization occurs in sufficient quantity and [...]
MONTREAL, QUEBEC -- (Marketwire) -- 12/31/12 -- KWG Resources Inc. (TSX VENTURE: KWG) ("KWG" or the "Company") has completed a non-brokered private placement (the "Placement") of 24,398,332 common shares of the Company issued on a "flow-through" basis at a price of $0.06 per share for aggregate gross proceeds of $1,463,900. The proceeds from the Placement will be used for eligible flow-through exploration expenses and [...]
TORONTO, ONTARIO -- (Marketwire) -- 10/22/12 -- The KWG Resources Inc. (TSX VENTURE: KWG) Board of Directors has authorized the launching of a new normal course issuer bid for the purchase of up to 33.5 million of its common shares subject to the approval of the TSX Venture Exchange ("TSXV").
KWG believes that its common shares currently trade in a price range that does not adequately reflect their underlying value [...]
KWG Resources advises that trading in its shares was halted for an announcement this morning by the General Chairperson's Association (GCA), representing unionized employees at Ontario Northland Transportation Commission. The GCA has announced a revitalization plan for ONTC that includes the proposed construction of a rail link to the Ring of Fire mineral deposits in the James Bay Lowlands, where KWG has extensive claims.
KWG Resources announces that Rene Galipeau has submitted his resignation as Director to the Board of Directors of KWG Resources Inc. The Company is grateful to Mr. Galipeau for his service as its Board Chairman throughout the proposed merger with Spider Resources Inc. and the subsequent redirection of its undertakings when Spider's outstanding shares were acquired by Cliffs Natural Resources Inc. Mr. Galipeau will [...]
The KWG Resources subsidiary Canada Chrome Corporation has filed applications with the Ministry of Natural Resources for thirty-two aggregate permits at sites that are located within the mineral claims covering the company's 308 kilometre-long railroad right-of-way. The sites were identified and investigated by Golder Associates during initial assessment work conducted for engineering feasibility studies as previously [...]
The KWG Board of Directors has authorized the expenditure of up to $200,000 more for the purchase of up to 31.9 million of its common shares by way of normal course purchases on TSXV. KWG has purchased for cancellation a total of 7,460,000 shares of the Company for $500,000, at an average price of $0.0664 per share since commencing its purchases following the announcement of its intention to do so last October. KWG's [...]
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