NEWS
01/19/2016 12:58 EST | Updated 01/19/2017 00:12 EST

KWG Resources stokes Ring of Fire dream with railway study by Chinese firm

TORONTO — A Canadian mineral exploration company that has been attempting to tap Ontario's Ring of Fire district is working with a Chinese engineering company to study the possibility of building a rail link to the remote area of northern Ontario.

KWG Resources and its agent in China, Golden Share Mining Corp. (TSV:GSH), have reached a preliminary agreement with China Railway First Survey & Design Institute Group Co. Ltd.

KWG says the parties have agreed that a delegation from FSDI will visit Ontario by mid-March to assess a right-of-way staked by Canada Chrome Corp., a subsidiary of KWG.

The company has a 30 per cent interest in the Big Daddy chromite deposits and the right to earn up to 80 per cent of the Black Horse chromite deposit, which are part of a cluster of deposits in the region.

 

The Canadian Press