Massive Black Horse Chromite Discovery
Black Horse deposit has an Inferred Resource Now 85.9 Million Tonnes @ 34.5%
Message: Wonder when/if these guys get involved?????
KWG to Sell 1% NSR to Anglo Pacific Group for $18 Million
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MONTREAL, QUEBEC--(Marketwire - Aug. 2, 2011) - KWG Resources Inc. (TSXV:KWG.V) has agreed to sell its net smelter royalty interests ("NSR") in the Black Thor, Black Label and Big Daddy chromite deposits to Anglo Pacific Group PLC (TSX:APY)(LSE:APF) for US$18 million. The sale agreement was completed today.
"The sale of this royalty for $18 million is another vote of confidence for the future and value of the Ring of Fire and more specifically the value of its chromite deposits," said KWG President Frank Smeenk.
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