Re: First Canadian ferrochrome produced from ROF...and KWR 24 Jan NR on BD
in response to
by
Massive Black Horse Chromite Discovery
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Message: Re: First Canadian ferrochrome produced from ROF...and KWR 24 Jan NR on BD
Here are the link for KWG NR on 24 Jan 2012 and its full text (at end of meaasge) for future reference.
The following items are worth noting
- It was a KWG (not CLF) News Release, and it was for Big Daddy
- There are 2 types of drilling mentioned in that NR:
(a) Met Drilling: This was to provide the 4600 kg of the bulk samples for the furnace runs scheduled for Feb 2012. Today is 20 Feb 2012, so there are 9 days left, if there is no delay.
(b) Resource Delineation Drilling: To outline the best (most profitable) contour of the open pit. 23 out of 38 holes (more than half) have been completed before 15 December 2011. Complete of the rest is anticipate for the 3rd week of Feb 2012 (not 3rd Feb). Perhaps, I am reading too much into this timing, but there must be something significant about 1 April?
Agreed that KWG holds two aces: one is the DSO quality of BD (my guess: they will check this as well using the bulk samples...for confirmation of the grade, in addition to the furnace runs); and two, the RR of course (CLF would need that to get the stuff out regardless of the choice between BT or BD. I would bet on BD to be the first).
goldhunnter
--------------------
http://www.kwgresources.com/news/index.php?&content_id=307
News
KWG Provides Update On Big Daddy Drill Program
January 24, 2012
Montreal, Canada – January 24, 2012 – KWG Resources Inc. (TSXV: KWG) is pleased to provide an update with regards to the current field program on the Big Daddy Chromite deposit.
Metallurgical Drilling - The metallurgical drilling program was to consist of 1,900m of HQ drilling. The program commenced on October 6, 2011 with one drill rig, with a second rig added on October 11, 2011. The total completed meterage was 1,909m in nine (9) boreholes and was concluded on October 22. A bulk sample consisting of massive chomitite with a mass of 4,600kg was removed from core boxes and packaged for transport to Xstrata Process Support (XPS) in Falconbridge, Ontario. The furnace runs are scheduled for February.
Resource Delineation Drilling - The resource delineation program was to consist of 12,000m of NQ drilling in 38 boreholes. Drilling started immediately following the completion of the metallurgical sampling holes as the rigs became available and was carried out continuously with two rigs until winter shut down on December 15. In that time 23 of the 38 holes were completed for an aggregate total of 7,754m. Completion of the drilling is anticipated in the third week of February.
About KWG: KWG has a 28% interest in the Big Daddy deposit and is presently earning an additional 2% interest in it under an option agreement to create a joint venture with Cliffs Natural Resources Inc. (Project Operator) on April 1, 2012. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario where the Trans Canada line of the Canadian National Railway can be connected.
For further information, please contact:
Bruce Hodgman
Vice-President
416-642-3575
info@kwgresources.com
Follow Us On:
Facebook: http://www.facebook.com/kwgresourcesinc
Twitter: http://twitter.com/kwgresources
YouTube: http://www.youtube.com/KWGresources
Flickr: http://www.flickr.com/photos/kwgresources
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
New Message
Please
login
to post a reply