VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 3, 2011) - The following issue(s) have been halted on the TSXV today:
Company / Compagnie: KWG Resources Inc. TSXV Symbol / Symbole: KWG - V Reason / Motif: Company request pending news Halt Time / Heure de l'Arret: 11:12 am EST
MONTREAL, Feb. 3 /CNW/ - KWG Resources Inc. (TSXV: KWG) announces that a historic milestone was achieved this morning when the first high carbon ferrochrome was produced in a test melt of the Big Daddy chromite bulk sample. The pilot plant test was conducted at the Xstrata Process Support facility in Falconbridge, Ontario, an independent and certified testing facility engaged by KWG to undertake metallurgical analysis of a bulk sample of material from the Big Daddy chromite deposit, as previously announced.
This demonstration that the Big Daddy chromite may be readily smelted into ferrochrome is a landmark event in the determination of the economic viability and technical feasibility of the Ring of Fire chromite discoveries.
"This is confirmation that our part of the globe hosts at least one substantial resource of this most important steel-making ingredient," said KWG President Frank Smeenk.
MONTREAL, Feb. 3 /CNW/ - KWG Resources Inc. (TSXV: KWG) announces that a historic milestone was achieved this morning when the first high carbon ferrochrome was produced in a test melt of the Big Daddy chromite bulk sample. The pilot plant test was conducted at the Xstrata Process Support facility in Falconbridge, Ontario, an independent and certified testing facility engaged by KWG to undertake metallurgical analysis of a bulk sample of material from the Big Daddy chromite deposit, as previously announced.
This demonstration that the Big Daddy chromite may be readily smelted into ferrochrome is a landmark event in the determination of the economic viability and technical feasibility of the Ring of Fire chromite discoveries.
"This is confirmation that our part of the globe hosts at least one substantial resource of this most important steel-making ingredient," said KWG President Frank Smeenk.
very good news. hope the market responds positively from now on
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