KWG Resources (TSXV:KWG), a Canadian company exploring for chromite in the James Bay region of Ontario, announced Tuesday an inferred resource of 43.8 million tonnes, graded 37.5% Cr2O3.
As quoted in the press release:
“This is a significant addition to the Ring of Fire’s chromite resource inventory”, said KWG President Frank Smeenk. “The grade is quite handsome and was derived using the same cut-off grade of 20% that was utilized to define the Big Daddy resource and the Black Thor resource. We have received a proposal to now complete a trade-off study on mining this from underground, using shared facilities with Noront’s underground mining of the Eagle’s Nest nickel and PGM deposit. That would seem a logical and productive next area of inquiry to move forward the understanding of the Ring of Fire’s economic viability.”