CHROMITE: Drilling by KWG expands Black Horse deposit, cuts gold at Koper Lake

ONTARIO – The winter drilling program conducted by Toronto-based KWG Resources at the Black Horse chromite deposit in the Ring of Fire successfully expanded the inferred resource. An east-west trending gravity anomaly was also drilled. Six holes, totalling 4,645 metres, were completed.

Three holes intercepted chromite mineralization. Hole FN-14-040 intersected 129 metres with an average grade of 37.63% Cr₂O₃. This includes 70.5 metres grading 42.02% and 19.5 metres grading 45.78%. Hole FN-14-42 intersected 174.96 metres with an average grade of 25.04% Cr₂O₃, including a 35.78 metre of 31.92%. Hole FN-14-43 intersected 88.04 metres with an average grade of 24.71% Cr₂O₃. Included is a 36.43 metre interval grading 36.43%.

Three holes tested the C-6 target 1.0 km northeast of the Black Horse deposit, and returned gold values. These holes returned lower grades of chromite, and promising gold values. Hole FN-14-039 punched through a 0.5-metre quartz vein that assayed 8.85 g/t Au, and the re-assay was 12.20 g/t.

KWG says it now has a better understanding of the chromite distribution in the Black Horse deposit and will drill targets in the higher grade, northeastern part of the deposit which remains open at depth and on strike.

Maps and a cross-section can be viewed at KWGResources.com.