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Ring of Fire Monitor

This site is the 'go to' place for information on the Ring of Fire. As contributing authors are added, we will provide you with some background information on the authors.

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Thursday, June 30, 2011

News Release  

Symbol on TSX-Venture : 
KWG.V
Shares issued and outstanding: 
636,878,941


    
KWG SUBSIDIARY CANADA CHROME CORP & GREENSTONE ECONOMIC DEVELOPMENT CORP FILE APPLICATION FOR $496 MILLION PPP CANADA FUNDING
Montreal, Canada – June 30, 2011 – KWG Resources Inc. (TSXV: KWG) is pleased to announce that its subsidiary Canada Chrome Corporation, together with Greenstone Economic Development Corporation, have today filed an application with PPP Canada for consideration of funding support of up to $496 million for the construction of a railroad to the Ring of Fire mining discoveries in the James Bay Lowlands of Northern Ontario.  
On May 4, 2011 PPP Canada launched Round Three call for proposals of the P3 Canada Fund, encouraging provinces, territories, First Nations and municipalities to consider the P3 model for their public infrastructure needs. The P3 Canada Fund is a merit-based program designed to generate an increase in P3 public infrastructure. Eligible projects can receive up to 25% of the direct cost of construction for a P3 project.  
Canada Chrome Corporation has undertaken preliminary engineering and construction cost estimates to build a railroad from a junction with the Trans-Canada line of the Canadian National Railway at Exton, Ontario. The project is presently estimated to cost $1.984 billion. 
The co-applicants made the submission for themselves and a joint venture anticipated to be formed with the Municipality of Greenstone and a First Nations Regional Economic Development Corporation to be created by the Matawa and Mushkegowuk First Nations.
  
For further information, please contact:
Bruce Hodgman
Communications Director
416-646-1374

Tuesday, June 28, 2011

OFFICE OF THE AUDITOR GENERAL OF ONTARIO | GOVERNMENT SPENDING FORECASTS "OPTIMISTIC": AUDITOR GENERAL

OFFICE OF THE AUDITOR GENERAL OF ONTARIO GOVERNMENT SPENDING FORECASTS "OPTIMISTIC": AUDITOR GENERAL

NORONT RESOURCES LTD. | NORONT IDENTIFES LOW-GRADE BULK TONNAGE POTENTIAL AT AT-12

No pot of gold here. My calc shows about $90 per tonne. I don't see how that can be economic. Is there a claim fight going on.

CLAIM STAKING:
On June 17, 2011, the Company staked six mineral claims comprising 32 units on open ground that lies directly to the north of Noront claims 4226694 and 4226662 (and directly south of Fancamp Exploration Limited's claims 3012257 and 3012258). These two 16-unit claims were formerly claims 4221148 and 4221149 of MacDonald Mines Exploration Ltd. Another exploration company active in the Ring of Fire has announced that they have staked these claims.
The Company has filed notice with the Mining Recorders Office contesting the validity of the staking by the other company.
Noront also staked another 16-unit mineral claim, further to east. This claim lies directly to the north of Noront's claim 4226616 and lies on the west shore of McFaulds Lake, and was formerly claim 4212366 of MacDonald Mines Exploration Ltd.

NORONT RESOURCES LTD. NORONT IDENTIFES LOW-GRADE BULK TONNAGE POTENTIAL AT AT-12