KWG Resources – Offer to Make First Nations Full Partners

Posted 22 August 2017 by in Business

Frank Smeenk, President & CEO, KWG Resources

Frank Smeenk, President & CEO, KWG Resources

THUNDER BAY – MINING –We have offered to make the First Nations full partners in our railroad and mining operations,” says KWG CEO Frank Smeenk. “The announcement by Premier Wynne yesterday will enable us to formalize that partnership and assist Marten Falls with an Environmental Assessment of their joint access route.”

KWG Resources Inc. (CSE:KWG) (CSE:KWG.A) (FRANKFURT:KW6) (“KWG”) and its partners Bold Ventures Inc. (TSXV:BOL) and  Fancamp Exploration Ltd. (TSXV:FNC) are congratulating Premier Kathleen Wynne and Chiefs Bruce Achneepineskum and Cornelius Wabasse for the announcement yesterday of their agreements respecting access to Marten Falls and Webequie to facilitate development of the Ring of Fire.

Fancamp CEO Peter H. Smith states, “The development vision powerfully articulated by Marten Falls Chief Bruce Achneepineskum has signaled the capital markets that the development of Fancamp’s original high grade Black Horse chromite discovery now has First Nations’ support. This should enable the two joint venture partners to finance a feasibility study which will include the China Railway FSDI feasibility.”

Bold Ventures’ Chairman Richard Nemis adds, “Having these access roads is a welcome and substantial step in the development of the Ring of Fire. The creation of infrastructure corridors is crucial to the eventual economics of the development. I think this demonstration of commitment by the Province and the leadership of the local First Nation Communities is a key step in this socio-economic development supported by the Ring of Fire multi- metals mining district.”