When the MTS data from the survey has been merged with the inferred resources previously reported at the Black Horse project, target areas can be suggested where continuity of the mineralization may be defined by further drilling. KWG believes the Black Horse resource to be a deeper and laterally-faulted and displaced part of the Big Daddy and Black Thor deposits occurring near surface to the north. The thesis is demonstrated in the schematic diagram set out below:
MTS is an increasingly reliable means of mapping out geology in the third dimension by measuring apparent resistivity contrast amongst the variety of rocks which aids in interpreting the location of features such as faults and shear zones, to great depths, and is well-suited to testing KWG's thesis on the Black Horse project. The data gathered from such a survey of an undrilled target area can be related to analogous areas that have been drilled, to provide an understanding of the geology of the target area and its undrilled potential.
Utilizing estimates from the engineering reports of
About KWG:
KWG is the owner of 100% of the Black Horse chromite project (formerly part of Fancamp's 'Koper Lake-McFaulds' properties).
Qualified Person:
Contact:
Vice-President
T: 416-642-3575
E: info@kwgresources.com
Forward-Looking Statements
Information set forth in this news release may involve forward-looking statements under applicable securities laws. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. The forward-looking statements included in this document are made as of the date of this document and KWG disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable securities legislation. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. This news release does not constitute an offer to sell or solicitation of an offer to buy any securities that may be described herein and accordingly undue reliance should not be put on such. Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this news release.
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