Noront Resources

High-grade Ni-Cu-Pt-Pd-Au-Ag-Rh-Cr-V discoveries in the "Ring of Fire" NI 43-101 Update (March 2011): 11.0 Mt @ 1.78% Ni, 0.98% Cu, 0.99 gpt Pt and 3.41 gpt Pd and 0.20 gpt Au (M&I) / 9.0 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inf.)

about 15 years ago

in response to mattusvi's message

This is part of post by Packsackman on Freewest Forum on Aug 15 2.39pm....

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These claims are in the name of Canada chrome (cliffs and Kwg). So study on road access is already underway.

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I do not know how he found out the ownership of the claims in question.

But I do believe the companys name is" Chrome Cana Inc " a new subsidiary of Kwg Resources.

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Here is some info from Kwg Resources site about development, mining and railroad ...

Metallurgical testing of samples recovered from the discovery in early 2008 indicated that a uniquely large and high-grade deposit of ferro-chrome-yielding chromitite had been found, which might supply steel-making markets in North America and beyond. Under the terms of the option agreement, KWG and Spider may earn a 60% interest in the property optioned from Freewest Resources by completing a feasibility study and thereafter, an additional 5% by sourcing construction financing, for which KWG approached Cliffs Natural Resources.

Cliffs Natural Resources is an international mining and natural resources company. The company is the largest producer of iron ore pellets in North America, a major supplier of direct-shipping lump and fines iron ore out of Australia and a significant producer of metallurgical coal. For almost two centuries Cliffs has been the dominant mine operator and supplier of iron ore for integrated steel production in North America and continues to be the principal operator on the Minnesota and Michigan Iron Ranges, two of the hemisphere's chief sources of iron. As such, the company has built and operated railroads, plants, terminals and loading facilities of all description.

Cliffs accepted KWG's invitation to become a principal investor in order to participate in its development initiatives. Cliffs sought and was given KWG Board representation coincident with acquiring an equity interest of slightly less than 20%, plus an ongoing option to increase or maintain that interest through further investment.

KWG has now acquired half of the royalty underlying its property and the adjoining property of Freewest after an independent economic analysis based on conceptual planning and market forecasts undertaken by Cliffs. The royalty is expected to yield a substantial monthly cash flow to KWG if production ensues. The North American market alone might absorb ore production of up to 4,000 tons per day. That quantity of material will require construction of a railroad to transport the partly treated ore to a ferro-chrome refinery ideally located near transportation to markets and to electricity supply for the electric-arc furnaces used in the process. KWG is examining a number of location alternatives as well as the available furnace technology options.

KWG has also had preliminary discussions with The Ontario Northland Railroad to examine collaboration in the construction and operation of the railroad from the deposits to Nakina, where it can connect to existing rail lines. ChromeCana Inc has been created as a wholly-owned KWG subsidiary for the purpose of development of the mines and railroad and is undertaking pre-engineering assessment of a proposed right-of-way for the railroad.

Initial indications continue to confirm the capital cost assumptions considered by Cliffs in its preliminary market sensitivity analyses, undertaken prior to the KWG investment. This analysis has been provided to the Toronto Stock Exchange for its review of KWG's application to graduate its share listing from the TSX Venture Exchange, on the basis of its interests in the deposits.

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More News Of appointments for ChromeCana Inc and COSTS of 1.5 Billion

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KWG appoints Lavigne VP Exploration and Development

    Symbol on TSX-Venture Exchange: KWG
                      Shares issued and outstanding:  374,718,877

MONTREAL, Aug. 11 /PRNewswire-FirstCall/ - KWG Resources Inc. (TSX-V: KWG) ('KWG' or the 'Company') is pleased to announce the appointment of Maurice J. Lavigne, P.Geo., as Vice-President of Exploration and Development of the Company and its operating subsidiary Canada Chrome Corporation. The well-known and widely-published former Ontario Resident Geologist at Red Lake and Thunder Bay had key roles in expanding North American Palladium's reserves at their Lac des Iles mine and in the subsequent feasibility study, financing and plant construction. More recently, he was Vice President of Galantas Gold Corporation, where as Mine Manager, was involved in financing and construction of a gold mine in Northern Ireland.

'With the commitment of Cliffs Natural Resources to pursue the prospect of producing and marketing ferro-chrome to its steel-making customers, the discoveries of the Big Daddy and adjacent chromite deposits in the Ring of Fire represent a development opportunity unlike anything seen in Canada since the opening of the Labrador iron mines sixty years ago,' said KWG President Frank Smeenk. 'We feel very fortunate to have been able to recruit Moe to this opportunity, as both his recent and past experience suit him perfectly for the job at hand'.

The Company has also appointed Robert S. Middleton, P. Eng., as Director, Aboriginal Regulatory Affairs for Canada Chrome Corporation. 'Bob is another icon in our industry and there is perhaps no one better fitted to manage the issues affecting the lands, communities and agencies that this potential development will affect,' said Smeenk.

The Company also announced the appointment of R. Russell Martel as Director, Research and Planning for Canada Chrome Corporation. 'Russell's years of finance and mining industry experience match ideally the task of compiling the research required to inform the unique challenges we anticipate in the documentation and funding of a project of this magnitude, with initial cost estimates of the order of $1.5 Billion,' explained Smeenk.

.........RL