frank knows about the gaps or bridging and he worked to fill
KWG Acquires Key Corridor Claims
February 28, 2012
Montreal, Canada – February 28, 2012 – KWG Resources Inc. (TSXV: KWG) is pleased to announce that it has signed an agreement to acquire 49 unpatented claims from INV Metals Inc. in consideration of 3 million treasury units each comprised of one share and one 5-year warrant exercisable at $0.12. The claims are located south of McFaulds Lake and the Ring of Fire and complete an important section of the railway corridor staked by KWG subsidiary Canada Chrome Corporation.
In order to demonstrate the economic viability of the Big Daddy chromite deposit, KWG has invested $15 million in engineering studies of its preferred transportation corridor from Nakina to the Ring of Fire. In addition to bridging a section of the corridor, the acquired claims also contain a potential source of aggregate material essential to the construction of any roadway or railway embankment.
“Locating and securing a local source of aggregate material for the construction of the rail embankment is an important component of enhancing the project’s feasibility”, said KWG president Frank Smeenk HERE THE KOPER CLAIMS for logistics
KWG Unit Canada Chrome Corp Stakes Koper Lake Claims
June 21, 2011
Montreal, Canada - KWG Resources Inc. (TSXV: KWG) advises that its subsidiary Canada Chrome Corporation has acquired by staking, two 16-unit mineral claims adjoining to the south of the Fancamp Exploration Ltd claims 3012257 and 3012258. The north-eastern corner of the eastern-most claim is within Koper Lake. As such, the new claim encompasses that portion of the western shore of Koper Lake that has been the logistics hub for activities in the area. The claims are outside of the areas of interest provided for in KWG's agreements with Spider Resources Inc., and UC Resources Limited.
The companies are also pleased to announce the appointment of Bruce Hodgman as a Vice-President of Canada Chrome Corporation.