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KWG Resources Announces Filing of Final Quantec Report
Toronto, Ontario--(Newsfile Corp. - March 30, 2023) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) ("KWG" or the "Company") is pleased to announce that it has rec
About this update from Canadian Chrome Company Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - March 30, 2023) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (\"KWG\" or the \"Company\") is pleased to announce that it has received from Quantec Geoscience Limited (\"Quantec\") its final report (the \"Quantec Report\") on the magnetotelluric survey recently completed over portions of KWG's Black Horse chromite project in the Ring of Fire area of northern Ontario (see KWG news release dated February 24, 2023). The Quantec Report, as well as the Summary thereof, will be filed by the Company on its profile on SEDAR. \"The Quantec Report will enable investors to assess the findings of that magnetotelluric survey and the targets for future mineral exploration identified by that report,\" commented Frank Smeenk, Chief Executive Officer of the Company. \"Those results are now being combined with other geophysical data and diamond drilling results into a compilation from which we propose to develop a three-dimensional representation of the previously discovered chromite resources and the new identified mineral exploration targets for chromite mineralization.\" The survey was conducted over project areas including (i) one line over a target 1 kilometer (\"km\") to the northeast of the Black Horse chromite deposit; and (ii) four lines over a target 2 to 4 km to the northeast of the Black Horse chromite deposit. Both targets are defined by coincidental gravity and magnetic anomalies supported by multiple drilling intercepts of secondary chromite within the shear zone known as Frank's Fault. The survey results over the area which has an abundance of drilling surrounding the Black Horse Chromite deposit clearly distinguished the ultramafic host rock, known as the Ring of Fire intrusion, from the enclosing country rock, permitting the results from the two target areas to be interpreted with confidence. The premise for the survey was the discovery during the 2013 and 2014 drilling campaigns that the Black Horse chromitite did not come to surface, possibly as a result of being truncated by Frank's Fault, and that it is likely that this pattern repeats itself elsewhere on the property. As a magnetotelluric survey is capable of mapping different rock types to relatively unlimited depths and, as such, could detect altered ultramafic rock that contains chromitite, the purpose of the magnetotelluric surve...