Massive Black Horse Chromite Discovery

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

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Message: From Stockwatch's cynical side...

"Frank Smeenk and Bruce Hodgman's KWG Resources Inc. (KWG) gained one cent to 7.5 cents on 1.36 million shares. KWG and Richard Nemis's Bold Ventures Inc. (BOL: $0.08) have hit 130 metres of 25 per cent chromium oxide at Black Horse in Northern Ontario. Bold is optioning the play fromFancamp Exploration Inc. (FNC: $0.075), KWG is optioning a majority interest from Bold. The co-venturers also inadvertently drilled rock on a neighbouring property held by Noront Resources Ltd 241540. (NOT: $0.59). KWG has already claimed a 46.5-million-tonne inferred resource at 38.8 per cent chromium oxide, after fixing a mistake, but Bold said it had nothing to do with the rough calculation. Wandering drill bits, "clerical misadventure" and "preliminary in nature" cautions aside, Black Horse seems a significant chromium deposit."

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