ONTARIO – Initial drilling at the Koper Lake project in the Ring of Fire has extended both the Blackbird and Black Horse chromite zones. The project is a joint venture of KWG Resources and Bold Ventures (the operator), both based in Toronto, and is under option from Fancamp Exploration.
Drilling began in March 2013, but has been interrupted on two occasions. First, work was halted briefly in April while the province issued an exploration permit. Then in late May, a nearby forest fire forced the evacuation of the camp. A total of 6,040.8 metres were drilled in 10 holes.
KWG reports that the drill program confirmed that chromite mineralization does exist on the Koper Lake property directly to the east of the adjoining Blackbird deposit owned by Noront Resources. Chromite mineralization was also traced outward from the Black Horse zone.
Several holes returned notable assays from 650 to 700 metres below surface. Hole 1330 intersected massive chromite that graded 26.44% Cr2O3 over 12.98 metres and 31.89% over 10.65 metres. Hole 1332 cut an interval of 2.87 metres that assayed 34.48% Cr2O3. A bit deeper, roughly from 700 to 815 metres deep, hole 1333 cut two intervals of massive chromite – 27.98% over 25.59 metres and 28.31% Cr2O3 over 60.26 metres – within a broader horizon of low grade chromite mineralization.
Additional project details and maps are available on the websites for Bold and KWG at BoldVenturesinc.com and KWGresources.com.