No Easement for Cliffs on Canada Chrome Claims
TORONTO, ON – The Ontario Mining and Lands Commissioner today ordered that the application of 2274659 Ontario Inc., a subsidiary of Cliffs Natural Resources Inc., be dismissed.
The applicant had sought an Order to dispense with the consent of Canada Chrome Corporation, a subsidiary of KWG Resources Inc. (TSX VENTURE:KWG), to an easement over mining claims that it had staked from Exton to the Ring of Fire. The easement was sought to build a road for the development of the Black Thor deposit, while Canada Chrome Corporation seeks to facilitate the possible construction of a railroad to develop its interests in the Ring of Fire, including the Big Daddy and Black Horse deposits. The full text of both the Order and Reasons of the Commissioner are available at http://www.kwgresources.com/investors/mining_lands/.
About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite deposit. 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.
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