September 30, 2016 15:39 ET
TORONTO, ONTARIO--(Marketwired - Sept. 30, 2016) - KWG Resources Inc. (CSE:KWG)(FRANKFURT:KW6) ("KWG") and Bold Ventures Inc. have agreed to extend the expiry of the time for KWG to complete its Koper Lake Option earn-in expenditures to midnight Friday October 7th, 2016. For more information regarding the project please refer to the October 29, 2015 press release: http://kwgresources.com/kwg-bold-fancamp-extend-koper-lake-option/
KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG also owns 100% of CCC which has staked claims and conducted a surveying and soil testing program, originally for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario. KWG subsequently acquired intellectual property interests, including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG subsidiary Muketi Metallurgical LP is prosecuting two chromite-refining patent applications in Canada, China, India, Indonesia, Japan, Kazakhstan, South Africa, South Korea, Turkey, and USA. The filings have been receipted in each of those jurisdictions.
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