Massive Black Horse Chromite Discovery

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

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Message: KWG Resources Gains Confirmation on Claims

Koper Lake Claims: If I am not mistaken, there seems to be an attempt to lump this with the KWG/BOL/FNC JV. Currently, BH is known to be located in this JV. But KWG seems to refer to the activity in that area Koper Lake. THe south western tip of the FNC claims (like a backward facing L) is very close to the Eagle Nest, and the Koper Lake claim is right at that corner as well. There was some deep (very deep, over 1km) drilling using a directional drill. Not sure if te results have been announced. But the were looking for some deep deposit (Ni included) down below. This is Richard's hang up. He firmly believes that the body of the elephant is down there. In fact, the latest news is just a legal confirmation. The claims were known to belong to KWG after that helicopter staking.

It is an important staging area. It can also be used for building a ramp for chromite extraction for both KWG and NOT. A friendly co-operation is always better for the business.

goldhunter

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