Massive Black Horse Chromite Discovery

Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%

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Message: Budget and ROF

Searched for ring of fire and matawa....pretty weak stuff so expect winnie has an ace somewhere....

http://budget.ontario.ca/2018/contents.html

 

Supporting Development in the Ring of Fire


Ontario, in partnership with Indigenous communities, is working towards sustainable development
in the Ring of Fire region located about 540 kilometres northeast of Thunder Bay. The region
represents a significant new mineral resource area in northern Ontario, with world‐class deposits
of chromite as well as significant discoveries of nickel, copper, zinc, gold and other minerals.
Ontario has committed up to $1 billion for strategic transportation infrastructure development in
the Ring of Fire region. In August 2017, Ontario announced it was working with Webequie, Marten
Falls and Nibinamik First Nations to plan and construct a year‐round access road into the proposed
mining development site that would also include connections to the communities.
In addition, Ontario is working with and providing financial and other supports to First Nation
communities to ensure that they can actively participate in the decision‐making processes to
develop the region and fully benefit from potential developments. In October 2017, Ontario
committed up to $30 million to the Matawa First Nations Management (MFNM) as part of the
federal and provincial governments’ joint broadband investment of up to $69.2 million to install
approximately 880 kilometres of new fibre optic cable to five Matawa‐member First Nations.

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Up to $30 million to improve access to distance education, skills training and new business
opportunities for five Matawa‐member communities in remote northern Ontario; and

The Independent Electricity System Operator has established a Matawa‐focused working group to
assist in determining the best path forward for five other communities that are economic to
connect to the grid. For the remaining communities, Ontario is exploring innovative and
potentially cost‐effective solutions, such as supporting the development of renewable microgrids,
in an effort to reduce diesel use

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Mar 29, 2018 09:17AM
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