HIGH-GRADE NI-CU-PT-PD-ZN-CR-AU-V-TI DISCOVERIES IN THE "RING OF FIRE"
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Message: Re: Noront Resources 'daunted' but excited by Ring of Fire approval
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Jun 23, 2015 10:08AM
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Been There, you wrote:
"As an aside I think this NS study requirement either points to an agreement with KWG over the NS route access lawsuit or a decision by the government to intervene in the case. Interesting to see what happens before the 29th deadline set by the courts for NOT to respond to KWG's appeal on the previous NS decision. "
Been There, ..I agree with all you wrote. Noront now owns the intellectual properties from the Cliffs Rof purchase..which included the route studies.
When I saw the below NR from March 23....it looked to me like a very good chance of a deal between the 2 parties. Further litigation(which is NO longer necessary) would only slow the project down for both Noront and KWG.
"We think that the transportation and processing options we have developed can now be pursued in concert with our two governments and the First Nations constituencies to see the mineral assets of both Noront and KWG go into production."
This sentence above spoken by Frank Smeenk combined with Noront's NS route study requirement certainly points to the mineral assets of both Noront and KWG going into production.
KWG and Noront to Talk After Proposed Acquisition of Cliffs Chromite Announced
TORONTO, ONTARIO--(Marketwired - March 23, 2015) - KWG Resources Inc. ("KWG") (CSE:KWG)(TSX VENTURE:KWG)(FRANKFURT:KW6)(OTCBB:KWGBF) is pleased to have been invited to talks with Noront Resources Ltd. ("Noront") when informed this morning of the proposed purchase by Noront of the Ring of Fire assets of Cliffs Quebec Iron Mining ULC.
"This is positive news for us," said KWG CEO Frank Smeenk. "Noront CEO Al Coutts has invited us to discuss our future plans to develop our properties in partnership with the First Nations. We are delighted with this evolution of the Ring of Fire's opportunities and are hopeful that our relationship with our Big Daddy joint venture partner will become more constructive and collaborative. We think that the transportation and processing options we have developed can now be pursued in concert with our two governments and the First Nations constituencies to see the mineral assets of both Noront and KWG go into production."
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Aroland, Ontario. KWG subsequently acquired patent interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. The company has determined that the reduction method can be employed to metalize finely ground chromite which may be recovered from slurry delivered to Aroland in an underground pipeline constructed within the Canada Chrome claims
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