KWG Resources Inc.
Media Item

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



KWG Proposed Railway Subject of Toronto Star Opinion Piece

In today's Toronto Star (front section, Opinion Page) Stan Sudol suggests that the federal and provincial governments should subsidize the railway to the Ring of Fire.
http://www.thestar.com/opinion/editorialopinion/article/998685--rails-to-the-ring-of-fire

RBC | BEING THE "BOSS OF ME" APPEALS TO CANADIANS: RBC POLL

RBC BEING THE "BOSS OF ME" APPEALS TO CANADIANS: RBC POLL

BMO InvestorLine Study: Online Investors Flocking To Social Media Platforms For Advice

BMO InvestorLine Study: Online Investors Flocking To Social Media Platforms For Advice

KWG info out

<>   KWG Resources Inc.  Media Item        Symbol on TSX-Venture :  KWG.V Shares issued and outstanding:  636,878,941   KWG Media Item and Provincial Government Update on Ring of Fire There are 2 links below. The first is a CBC interview with Michael Gravelle (Minister of Northern Development, Mines and Forestry of Ontario) where he discusses the Ring of Fire initiative. http://www.swiftpage1.com/SpeClicks.aspx?X=2T0Q9OYHHZZEOABO00ZDW5 The second link is to a PowerPoint presentation given by the Ministry of Northern Development, Mines and Forestry to the Greater Sudbury Chamber of Commerce on May 17th, 2011, regarding the current status of the Ring of Fire initiative. http://www.swiftpage1.com/SpeClicks.aspx?X=2T0Q9OYHHZZEOABO01ZDW5

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Fancamp Drilling at McFaulds Lake Property, Ring of Fire, Northern Ontario-Update

Fancamp Drilling at McFaulds Lake Property, Ring of Fire, Northern Ontario-Update

Noront Resources has launched their new website

Noront Resources has launched their new website
Noront Resources has launched their new website. Please visit us at http://www.norontresources.com/
For further information:
http://www.norontresources.com/

CLIFFS NATURAL RESOURCES INC. | Cliffs Natural Resources Inc. Launches "Together. It Starts Here." Corporate Advertising Campaign

CLIFFS NATURAL RESOURCES INC. Cliffs Natural Resources Inc. Launches "Together. It Starts Here." Corporate Advertising Campaign

NORONT RESOURCES LTD. | NORONT AND BAOSTEEL RESOURCES SIGN BINDING TERM SHEET

NORONT RESOURCES LTD. NORONT AND BAOSTEEL RESOURCES SIGN BINDING TERM SHEET

METALEX VENTURES LTD. | METALEX RECOVERS LARGEST DIAMOND YET FROM U2

METALEX VENTURES LTD. METALEX RECOVERS LARGEST DIAMOND YET FROM U2

TORONTO STOCK EXCHANGE | TMX Group Inc. Statement

Another bid for the TMX Group.... keep it Canuck?
TORONTO STOCK EXCHANGE TMX Group Inc. Statement

Frank McKenna on the passing of Wallace McCain

TORONTO, May 14 /CNW/ - Frank McKenna today issued the following statement on the passing of Wallace McCain:
We salute today the passing of one of this country's greatest entrepreneurs, one of its most generous philanthropists and a wonderful man. Wallace's passing was a huge loss for Canada, particularly his beloved New Brunswick. Julie and I are deeply saddened by Wallace's passing. Our thoughts are with his devoted and loving wife, Margaret, his children Michael, Scott, Martha and Eleanor and their families during this very difficult time.
Wallace was a local hero, a national champion and a global leader. Along with his brother Harrison, he transformed Florenceville, a small town in New Brunswick, into the head office of one of the world's most successful food companies. McCain went on to become an iconic Canadian brand around the world. His second act proved equally successful. Maple Leaf Foods is a multinational company and home to some of Canada's best known and trusted brands.
There will never be another like Wallace McCain. He had a rare combination of energy, passion, business acumen and generosity. Julie and I were privileged to call him a true and wonderful friend. He will be sorely missed.

Statement from the Honourable Tony Clement

Statement from the Honourable Tony Clement

UNITED STEELWORKERS (USW) | Voisey's Bay Report A Victory for Workers, Vindication for Union

UNITED STEELWORKERS (USW) Voisey's Bay Report A Victory for Workers, Vindication for Union

Encouraging Comments from BMK. ROF ready to rock

MacDonald Mines Completes Winter Program at Butler Lake-Assays Pending; Drilling to Commence on the Semple-Hulbert Property

TORONTO, ONTARIO--(Marketwire - May 9, 2011) -MacDonald Mines Exploration Ltd. (TSX VENTURE:BMK) ("MacDonald" or the "Company") is pleased to announce the commencement of a 3,000 meter diamond drill program on its Semple-Hulbert Property in the James Bay Lowlands of Northern Ontario. The program follows the Butler Lake drill program which consisted of 3800 metres of drilling over 17 diamond drill holes targeting volcanogenic massive sulphide (VMS), nickel-copper-platinum group element (Ni-Cu-PGE), and vanadium targets.
The Semple-Hulbert drill program will focus on high priority Ni-Cu-PGE targets in a never-before-drilled geologic complex that geophysically has been interpreted to resemble the Voisey's Bay Ni-Cu deposit.

(Click here to view images from the press release)

Butler Lake Property
The recently completed drill program on the Butler Lake Property consisted of 17 diamond drill holes, 7 targeted VMS mineralization, 2 targeted Ni-Cu-PGE mineralization, and 8 targeted vanadium.
VMS - (Copper/Zinc)
Stringer, semi-massive, and massive sulphides consisting of pyrite, pyrrhotite, chalcopyrite, and sphalerite were intersected in 6 of the 7 VMS drill holes. Samples have been submitted to Activation Laboratories Ltd. (ActLabs) in Thunder Bay for analysis, with assay results expected by May 16.
Nickel
Disseminated magmatic sulphides were intersected within each of the 2 Ni-Cu-PGE drill holes. Samples have been submitted to ActLabs for analysis, with assay results expected by May 16.
Vanadium
During the course of the on-going Butler Lake VMS and Nickel exploration programs, geologists noted the elevated presence of vanadium mineralization in some of the drill core. Subsequently, 8 diamond drill holes were selected to test 4 target areas that were thought to contain vanadium mineralization. Using hand held XRF analyzers, it was determined that all 8 drill holes had potentially significant vanadium mineralization. Samples have been submitted to ActLabs for analysis, with test results expected in early May. Given Management's experience with Vanadium Mineralization, samples have already been forwarded to SGS Lakefield for Metallurgical Testing.
Continued Exploration
The Company will be conducting the next phase of drilling on the Butler Lake property once all of the current exploration data and assays have been received and analyzed. Geochemical and geophysical signatures will be utilized to direct the drill program which is anticipated to begin in July, 2011.
Semple-Hulbert Property
Drilling has commenced on the highly prospective Semple-Hulbert Property, located within the traditional territory of the Kasabonika Lake First Nation. The Company recently signed an accord with the Kasabonika Lake First Nation Community and exploration is now proceeding.
The Semple-Hulbert claim group was initially targeted by MacDonald's because it had:

• The strongest regional magnetic anomaly
• The strongest regional gravity feature
• Been mapped as an ultra-mafic feature on regional geology maps

The data compiled to-date for the Semple-Hulbert property has been reviewed by Larry Hulbert, D.Sc. and HudBay Exploration. The primary catalyst for this information was a Geotech VTEM survey of the claim group in 2008, interpreted by Quentin Yarie, P.Geo., Hadyn Butler, P.Geo. and Larry Hulbert, D.Sc.
Geophysical Interpretation of Semple-Hulbert

• The geophysical data exhibits the characteristics of an intact intrusive body.
• Modeling of the magnetic data outlined a magnetic feature, which is dimensionally about >10km long by 3-4km wide and extending to at least 3km below surface.
• 8 electromagnetic targets (conductors) located within the interpreted intrusive are targeted for drilling
• Within this body the magnetic response varies spatially – suggesting multiple geologic events.
• This interpretation fits the analogy to the Voisey's Bay deposit; that being multiple magma pulses over time.
• The modeling also exhibits features similar in nature to four of the Voisey's Bay intrusive components; the Eastern Deeps, Discover Hill Zone, the Ovoid, and the Reid Brook Zone (feeder sheet).
• Each of these components has an associated group of strongly conductive responses which have been targeted in the upcoming drill program.

(Click here to view images from the press release)

Geological Interpretation of Semple-Hulbert
Larry Hulbert, D.Sc. has reviewed the geophysical data for Semple-Hulbert, and has provided the following observations regarding interpreted geology:
In detail, the magnetic fabric of the intrusive body is remarkably similar in size, shape and form to that of the Voisey's Bay Complex in Labrador which hosts world-class Ni-Cu deposits, and was the last significant Ni-Cu discovery in North America (1994).
Magnetically, the mafic-ultramafic rocks underlying the Semple-Hulbert property stand out regionally as a striking magnetic anomaly. Based on the Geological Survey of Canada regional airborne magnetic surveys the intrusive rocks on this property are approximately twice as magnetic as any other known mafic-ultramafic body in the "Ring of Fire" (ROF) including the southeast portion of the ROF which hosts the recently discovered world-class Ni-Cu-PGE, Cr and Fe-Ti-V deposits. Detailed magnetic surveys conducted as part of a VTEM airborne geophysical survey over the Semple-Hulbert property enhanced the significance and understanding of this regional anomaly even further.
The detailed VTEM magnetic survey outlined a "spoon-shaped" intrusion. The East-West trending linear magnetic feature is analogous to the handle of the spoon and geologically is believed to represent a feeder-dyke. At its eastern end it flares out to a width of approximately 3 km and resembles the bowl portion of a spoon. This bowl shaped area represents the main mass of the magmatic chamber. The distinctive magnetic fabric within the main mass of the intrusion clearly defines an internal stratigraphy indicative of magmatic layering as is the case at Voisey's Bay. When one examines the location of the electromagnetic conductors from the VTEM survey relative to the magnetically defined geology the Voisey's Bay analogue and exploration model is most compelling.
Qualified Person
Quentin Yarie, P.Geo., is the qualified person in regard to the technical data contained within this news release, and will be responsible for overseeing all aspects of the Company's exploration programs.

The Company's contact information is presented below. For more detailed information about the Company and its projects, please visit our website at http://www.macdonaldmines.com/.

PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA | Next generation of Canada's top geoscientists to be in Sudbury for a two-week primer on mineral exploration

PROSPECTORS & DEVELOPERS ASSOCIATION OF CANADA Next generation of Canada's top geoscientists to be in Sudbury for a two-week primer on mineral exploration

Nice.... I can buy at $4.00 they can buy at $0.88

Can you say ' More dilution'

NORONT GRANTS OPTIONS
TORONTO, May 5 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) reports that the Board of Directors has granted an aggregate of 3,450,000 incentive stock options to officers, directors, employees and consultants of the Company, exercisable at a price of $0.88 for a period of five years. The stock options were granted pursuant to Noront's stock option plan and are subject to regulatory approval.
About Noront:  Noront Resources Ltd. is focused on its significant and multiple, high-grade nickel-copper-platinum-palladium, chromite, gold and vanadium discoveries in an area known as the "Ring of Fire", an emerging multi-metals district located in the James Bay Lowlands of Ontario, Canada. Noront is the largest land holder at the Ring of Fire and continues to delineate and prove up its discoveries with NI 43-101 technical and economic reports and an aggressive and well financed drill plan for 2011. All material information on Noront can be found on the Company's website at http://www.norontresources.com/ or at SEDAR at http://www.sedar.com/ 
Wesley (Wes) Hanson
President & Chief Executive Officer

ENSIGHT CANADA | MIND YOUR MAJORITY, EH?

ENSIGHT CANADA MIND YOUR MAJORITY, EH?

OPP goes after UFC, off topic, but interesting

I just had to post this story, along with a litlle history. Last year Ultimate Fighting was illegal in Ontario. There was then a push to allow it in Ontario. After much debate, it was agreed that the events could be held, but obviously the OPP did not like this idea. Did the promotor make the mistake of not hiring off-duty officers for these events? It looks like that to me. What do you think? This same enforcement is being used to charge what we used to refer to as 'bouncers'. They hit the Byward Market recently.

POLICE STRIKE BLOWS DURING UFC ENFORCEMENT

Private Security, Licensing Breaches in Ottawa, South Simcoe, and Toronto

ORILLIA, ON, May 4 /CNW/ - Members of the Ontario Provincial Police (OPP) Anti-Rackets Branch have laid 76 charges in connection with violations of the Private Security and Investigative Services Act (PSISA).

Between April 28th and April 30th, OPP, assisted by members of the South Simcoe Police Service, conducted enforcement initiatives in Ottawa, Bradford-West Gwillimbury, and Toronto, within and near the Ultimate Fighting Championships (UFC) venue.

POST FOR OLD NOT FOLLOWERS

May 04, 2011 08:30 ET

Eagle Hill Intersects 8.97 g/t Gold Over 8.0 Meters at the Windfall Lake Property and Expands the Caribou Zone

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 4, 2011) -Eagle Hill Exploration Corporation(TSX VENTURE:EAG) ("Eagle Hill" or the "Company") is pleased to announce that it has received assay results from an additional 8 drill holes from the Company's 2011 drill program. The results of the drilling confirm the extension of the Caribou Zone to the east and the west and expand Zone 27 further to the east while continuing to prove out the continuity of the gold mineralization on the Windfall Lake Property (the "Windfall Lake Property" or the "Property").
Drill hole EAG-11-258 expanded the Caribou zone by 200 meters to the west with an intersection of 20.82 g/t Au over 2.0 m, only 85 meters below surface. This drill hole targeted a well-defined geophysical conductor extending to the west from the Caribou zone. The Caribou Zone was also extended to the east with drill hole EAG-11-262 that returned 8.97 g/t Au over 8.0 m. This drill hole tested a 150 meter undrilled sector between the Caribou Zone to the west and the W3 Zone to the east and this new intersection suggests that the two zones might be connected. Further drilling during the summer will test this continuity.
EAG-11-259 intersected 7.94 g/t Au over 2.0 meters within the Mink zone at 265 meters below surface. The drilling was also successful at identifying new gold mineralization between the Caribou and Mink Zones with 4.67 g/t Au over 7.0 m (EAG-11-255). New gold mineralization associated with pyrite stockwork was also intersected some 40 meters to the northwest of Zone 27 and returned 5.20 g/t Au over 5.1 m (EAG-11-259).

Eagle Hill has now completed its scheduled 10,000 meter drill program and the assay results of only the last 6 holes are still pending. A map of the Windfall Lake Property outlining the location of the gold zones, drill holes and areas of potential expansion has been posted on Eagle Hill's website at www.eaglehillexploration.com/windfall_lake_property/maps/.

Watch the action this week

I think you may see some moves on the other ROF players. KWG is sitting pretty with the rail line staked and CLF may have to make a move. I'm sure KWG would be very happy being owned 20% by CLF & 20% by the Chinese.
Looking good. FNC is another one to watch with their recent chromite hit. They are going to go back to drill deeper for the Ni etc.

2011 Census gets underway today

Media advisory - 2011 Census gets underway today

OTTAWA, May 3 /CNW/ - Statistics Canada announced that the 2011 Census gets underway today with more than 15 million dwellings receiving yellow census packages.

For the first time, 60% of households will receive a letter replacing the traditional paper questionnaire. This letter will provide information to allow respondents to complete the questionnaire online. It will also contain a toll-free number respondents can call to request a paper questionnaire if preferred.

The remaining dwellings will receive paper questionnaires in both official languages.

The 2011 Census consists of questions on age, sex, marital and common-law status, family relationships, language and consent to release personal information after 92 years.

Census information is important for all communities and is vital for planning services, such as schools, daycare, police and fire. Statistics Canada encourages all household to complete the census.

I'm a bit disappointed

There was a lot of talk that we would never sell out cheap, and now this. I think CLF would have paid this. It is less than what they paid for FWR. 86/7*2= 24.57 cents!
I will look to buy today if I can free up some cash. Long term I see this as good news. Let's also see if there is a link to the efforts of the Ontario Government (China tours)
T

NOT Sells 9.9% to Chinese

BAOSTEEL RESOURCES TO ACQUIRE 9.9% INTEREST IN NORONT
TORONTO, May 2 /CNW/ - Noront Resources Ltd. ("Noront" or the "Company") (TSX Venture: NOT) is pleased to announce that it has agreed on definitive terms in connection with a proposed offering ("the Offering") with Baosteel Resources International Co., Ltd. ("Baosteel"), part of The Baosteel Group, one of China's largest steel producers, for a strategic investment by Baosteel in Noront by way of a non-brokered private placement of Units.
Under the terms of the Offering, Noront will issue such number of shares as is equal to 9.9% of the total issued and outstanding common shares of Noront at the time of closing at a price of $0.86 per Unit. Each Unit consists of one common share and one half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant shall be exercisable to acquire one common share of Noront at an exercise price equal to $1.16 for a period of 24 months following the closing date. Net proceeds of the common share portion are anticipated to be approximately C$ 17.4 million. Exercise of the Warrants would increase Baosteel's equity ownership interest in Noront to 14.15%, with aggregate proceeds to Noront of approximately C$11.7 million.
Noront's President and CEO, Wes Hanson, notes, "Baosteel's intended investment represents the initial step in a potential long-term partnership that provides Noront access to one of China's largest steel producers and China's rapidly expanding stainless steel industry. Baosteel performed detailed due diligence on our property, its potential and the completed technical studies. Baosteel recognizes the potential of our Eagle's Nest discovery and further recognizes the potential of our Blackbird chromite deposits. Baosteel's investment will allow us to proceed with the necessary engineering work to define the value of our discoveries to date in the Ring of Fire while we continue exploring this exciting district with a view towards identifying additional mineral resources."
Proceeds from the Offering will be used to:
Fund completion of the Eagle's Nest feasibility study;
Fund completion of a feasibility study on the Blackbird chromite deposit including exploration drilling to increase the current resource; and
Fund further exploration work on our Ring of Fire properties and corporate expenses.
The Offering provides Baosteel with the right to nominate one individual to the Noront Board of Directors, a right to increase their ownership in Noront to 19.9% for a one year period commencing on April 18, 2012 and a standstill provision which expires on April 18, 2013.
The Offering is subject to final approval by Baosteel's Board of Directors and all securities and the regulatory authorities in both countries including the TSX Venture Exchange. Noront anticipates closing of the Offering to occur on or about June 2, 2011.
About Baosteel Resources International Co. Ltd.:
Baosteel Resources International Co. Ltd., headquartered in Hong Kong, is the overseas headquarters of Baosteel Resources Co. Ltd., a subsidiary of Baosteel Group Corporation, one of the largest and most profitable steel enterprises in the world with an annual production capacity of 50 million tons per year. Baosteel Group Corporation ranked 276 in the Global Fortune 500 companies in 2010 with 2009 revenues of $28.6 billion.
Baosteel Resources International Co. Ltd's core business is investment, trading and logistic services in relation to iron ore, coal, non-ferrous metals, stainless steel, raw materials and scrap.
About Noront Resources Ltd.:
Noront holds mineral title to the largest area in the Ring of Fire, an emerging multi-metals district in the James Bay Lowlands of northern Ontario. With established NI-43-101 mineral resources that include the Eagle's Nest Ni-Cu-Pt and Pd deposit and the Blackbird chromite deposit, Noront is committed to social and environmental responsibility in developing our projects in the Ring of Fire.
 Wesley (Wes) Hanson
President & Chief Executive Officer