ONTARIO – KWG Resources of Toronto has filed an updated 43-101 report for its Koper Lake chromite project in the Ring of Fire. Inferred resources now stand at an estimated 85.9 million tonnes grading 34.5% Cr2O3 (20% cut-off). The tonnage represents an increase of 11% from the May 2014 estimate of 77.2 million tonnes at 34.1 Cr2O3.
The increase is possible because the company now has a more complete delineation of a major structure named Frank's Fault, a regional scale deformation zone that transects the chromite and is responsible for the up-plunge termination of the Black Horse chromite deposit. The fault has been traced in a northeast direction past the Big Daddy deposit where it is interpreted to undercut the deposit at depths that have not yet been drill tested. Consequently, says KWG, the Black Horse and Big Daddy deposits are on opposite sides of Frank's Fault. They are likely offset counterparts of what was originally a single mineralized horizon.
Frank's Fault is believed to be the product of a 6-km horizontal displacement. The vertical component of the displacement is not yet evident.
Learn more about Koper Lake at KWGResources.com.