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KWG Resources: Magnetotelluric Survey Completed, Confirms Chromite Targets
Toronto, Ontario--(Newsfile Corp. - February 24, 2023) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) ("KWG" or the "Company") is pleased to announce that it has
About this update from Canadian Chrome Company Inc.
[{"type":"text","content":" Toronto, Ontario--(Newsfile Corp. - February 24, 2023) - KWG Resources Inc. (CSE: KWG) (CSE: KWG.A) (\"KWG\" or the \"Company\") is pleased to announce that it has completed its previously announced magnetotelluric survey over portions its Ring of Fire chromite Black Horse project. The survey was conducted over project areas including those shown on the property map below, including (i) 1 line over a target 1 kilometer (\"km\") to the northeast of the Black Horse chromite deposit; and (ii) 4 lines over a target 2 to 4 km to the northeast of the Black Horse chromite deposit. Figure 1 Both targets are defined by coincidental gravity and magnetic anomalies supported by multiple drilling intercepts of secondary chromite within the shear zone known as Franks 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. This permits the results from the two target areas to be interpreted with confidence. The premise for the survey is the discovery during the 2013 and 2014 drilling campaigns that the Black Horse chromitite did not come to surface as a result of being truncated by Franks Fault and that it is likely that this pattern repeats itself elsewhere on the property. One line of evidence that supports this contention is that the Black Horse drilling found that chromite is smeared into the shear zone in an upwards direction only and that this relationship can be used as a vector. Two diamond drill holes previously drilled by Fancamp Exploration Ltd. (\"Fancamp\") that had intersected Franks Fault contained chromite. If this secondary chromite is the result of the shear zone intersecting chromitite, then it leads to the question: at what depth did that occur? A magnetotelluric survey is capable of mapping different rock types to unlimited depth and, as such, could detect the altered ultramafic rock that contains the chromitite. In the previous press release, January 16th, 2023, announcing the commencement of the magnetotelluric survey, a simplified 3-D structural model, of this thesis showing the local projects and the target area was presented (a copy of which is set out below) whereby the Ring of Fire intrusion and its contained chromitite is bisected by F...