DOCSLIB.ORG

Spider Resources Inc. and Kwg Resources Inc

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Spider Resources Inc. and Kwg Resources Inc SPIDER RESOURCES INC. AND KWG RESOURCES INC. TECHNICAL REPORT ON THE MINERAL RESOURCE ESTIMATE FOR THE BIG DADDY CHROMITE DEPOSIT McFAULDS LAKE AREA, JAMES BAY LOWLANDS, NORTHERN ONTARIO, CANADA. NTS 43D16S½ 86° 14' 11" W 52° 45' 32" N Effective Date: March 30, 2010 Signing Date: June 4, 2010 Richard Gowans, P. Eng. Jane Spooner, M.Sc., P. Geo. Ing. Alan J. San Martin, MAusIMM Charley Murahwi, M.Sc., P. Geo., MAusIMM SUITE 900 - 390 BAY STREET, TORONTO ONTARIO, CANADA M5H 2Y2 Telephone (1) (416) 362-5135 Fax (1) (416) 362 5763 Table of Contents Page 1.0 SUMMARY ....................................................................................................................1 1.1 TERMS OF REFERENCE, PROPERTY DESCRIPTION AND OWNERSHIP ..............................................................................................................1 1.1.1 Terms of Reference..............................................................................................1 1.1.2 Property Description............................................................................................1 1.1.3 Property................................................................................................................1 1.1.4 Underlying Agreements and Ownership..............................................................1 1.2 LOCATION AND TENURE.......................................................................................2 1.2.1 Location and tenure..............................................................................................2 1.2.2 Environmental and Permitting .............................................................................2 1.2.3 Accessibility, Climate, Local Resources, Infrastructure......................................2 1.2.4 Physiography........................................................................................................2 1.2.5 Relief and Drainage .............................................................................................2 1.2.6 Accessibility.........................................................................................................3 1.2.7 Climate.................................................................................................................3 1.2.8 Vegetation............................................................................................................3 1.2.9 Fauna....................................................................................................................3 1.2.10 First Nations.........................................................................................................3 1.3 GEOLOGICAL OUTLINE.........................................................................................4 1.4 DEPOSIT TYPE..........................................................................................................5 1.4.1 Uses and Processing of Chromite ........................................................................5 1.5 MINERALIZATION...................................................................................................6 1.6 EXPLORATION .........................................................................................................6 1.6.1 Exploration Concept............................................................................................7 1.6.2 Status of Exploration............................................................................................8 1.6.3 Exploration Results..............................................................................................8 1.7 MINERAL RESOURCES...........................................................................................8 1.8 INTERPRETATION AND CONCLUSIONS...........................................................11 1.8.1 Exploration Concept..........................................................................................11 1.8.2 Geology and Mineral Resources........................................................................11 1.8.3 Metallurgy..........................................................................................................11 1.8.4 Market Outlook..................................................................................................11 1.8.5 Project Objectives..............................................................................................12 1.9 RECOMMENDATIONS...........................................................................................12 1.9.1 Further Assessment of Chromite Resources......................................................12 1.9.2 Follow-up on Unexplained EM anomalies ........................................................13 2.0 INTRODUCTION........................................................................................................14 2.1 AUTHORIZATION AND PURPOSE ......................................................................14 2.2 BACKGROUND .......................................................................................................14 2.3 SOURCES OF INFORMATION..............................................................................15 2.4 SCOPE OF PERSONAL INSPECTION...................................................................16 2.5 ABBREVIATIONS ...................................................................................................17 i 3.0 RELIANCE ON OTHER EXPERTS ........................................................................19 4.0 PROPERTY DESCRIPTION AND LOCATION ....................................................20 4.1 SIZE, LOCATION AND TENURE ..........................................................................20 4.2 COSTS OF MAINTENANCE...................................................................................21 4.3 ROYALTIES AND PROPERTY RIGHTS...............................................................22 4.3.1 4.3.1 Underlying Agreements............................................................................22 4.3.2 Royalty Interests................................................................................................23 4.3.3 Other Parties to the Agreement..........................................................................23 4.4 ENVIRONMENTAL AND PERMITTING..............................................................23 4.4.1 Current Status.....................................................................................................23 4.4.2 Baseline Line Environmental Studies................................................................24 5.0 ACCESSIBILITY, CLIMATE, LOCAL RESOURCES, INFRASTRUCTURE AND PHYSIOGRAPHY.......................................................25 5.1 PHYSIOGRAPHY.....................................................................................................25 5.2 RELIEF AND DRAINAGE ......................................................................................25 5.3 ACCESSIBILITY AND INFRASTRUCTURE........................................................26 5.4 CLIMATE..................................................................................................................27 5.5 VEGETATION..........................................................................................................27 5.6 FAUNA......................................................................................................................27 5.7 FIRST NATIONS......................................................................................................28 5.8 LOCAL RESOURCES..............................................................................................28 6.0 HISTORY .....................................................................................................................29 6.1 GENERAL.................................................................................................................29 6.2 PROPERTY HISTORY.............................................................................................30 6.3 HISTORIC PRODUCTION ......................................................................................30 7.0 GEOLOGICAL SETTING.........................................................................................32 7.1 REGIONAL GEOLOGY...........................................................................................32 7.2 LOCAL GEOLOGY..................................................................................................32 7.3 PROPERTY GEOLOGY...........................................................................................34 8.0 DEPOSIT TYPES ........................................................................................................37 8.1 RELATED DEPOSITS..............................................................................................37 8.2 GENETIC MODEL FOR STRATIFORM CHROMITE ..........................................38 9.0 MINERALIZATION...................................................................................................42 9.1 OVERVIEW ..............................................................................................................42 9.2 LOCALIZATION......................................................................................................42 9.3 DISTRIBUTION OF CHROMITE GRADES ..........................................................42 9.4 SULPHIDES AND PGE............................................................................................43 10.0 EXPLORATION..........................................................................................................44
Load more

Recommended publications
  • Chapter 28 Eagle's Nest: a Magmatic Ni-Sulfide Deposit in the James Bay
    © 2010 Society of Economic Geologists, Inc. Special Publication 15, pp. 539–557 Chapter 28 Eagle’s Nest: A Magmatic Ni-Sulfide Deposit in the James Bay Lowlands, Ontario, Canada JAMES E MUNGALL,†,1,2 JOHN D HARVEY,2 STEVEN J BALCH,3 BRONWYN AZAR1,2 JAMES ATKINSON,2 AND MICHAEL A HAMILTON1 1 Department of Geology, University of Toronto, 22 Russell St, Toronto, Ontario, Canada M5S 3B1 2 Noront Resources Ltd, 105 Adelaide St West, Ste 110, Toronto, Ontario, Canada M5H 1P9 3 Canadian Mining Geophysics Ltd, 11500 Fifth Ln, Rockwood, Ontario, Canada N0B 2K0 Abstract The Eagle’s Nest Ni-Cu-PGE deposit was discovered in the McFaulds Lake area of the James Bay lowlands of northern Ontario, Canada, in 2007 by Noront Resources Ltd. It is a magmatic sulfide deposit hosted by mafic and ultramafic rocks interpreted to be a feeder conduit beneath an extensive complex of sills and related volcanic rocks, which range in composition from dunite through ferrogabbro to rhyolite. The complex, called the Ring of Fire, has been dated at 2734.5 ± 1.0 Ma and it was emplaced into 2773.37 ± 0.9 Ma felsic plutonic rocks. The felsic rocks form a sill complex structurally beneath metasedimentary and metavolcanic rocks con- sidered to have formed along a passive margin at ca. 2800 Ma within the Oxford-Stull domain of the North Caribou superterrane in the Archean Superior province. In its original configuration, the Eagle’s Nest deposit formed in a shallowly plunging or subhorizontal keel structure at the base of a dike-like chonolith, but subsequent deformation has turned it into a vertically plung- ing rod of sulfide mineralization along the northwestern margin of a north-south–striking dike.
    [Show full text]
  • KWG Resources Inc. Risk Rating: Speculative
    July 10, 2013 Equity Research Initiating Coverage KWG:TSX-V $0.055 (07/09/14) Recommendation: Speculative BUY Target Price: $0.20 KWG Resources Inc. Risk Rating: Speculative A New Technology for a New Chromite District: KWG Stock Chart The New King of the Ring? Highlights: We are initiating our coverage on KWG Resources with a $0.20 target price and Speculative BUY rating. KWG is an exploration company with interests in the highly-prospective Black Horse and Big Daddy chromite deposits in the McFaulds Lake area of the Ring of Fire ("ROF") district in northwestern Ontario. More importantly, KWG recently secured control of two provisional U.S. patent applications and underlying intellectual property for the production of chromium- iron alloys directly from chromite ores and concentrates (“the Chromium IP”), which we believe represents a potential breakthrough technology that could be the key to unlocking the ROF. The Chromium IP process uses natural gas as its energy source which compares favourably to existing ferrochrome technology that is more energy-intensive as it uses electricity as its energy source and operates at higher temperatures. We believe that KWG’s most important initiative should be advancing the commercialization of this new Chromium IP process. We believe that KWG should bring in an existing ferrochrome or integrated steel producer with a strong balance sheet as a strategic partner to more quickly advance the commercialization process. Secondly, the Company needs to rationalize its option to acquire an 80% interest in the Black Horse chromite deposit into a clear path to owning 100% in order to negotiate with potential strategic partners.
    [Show full text]
  • Webequie Supply Road DETAILED PROJECT DESCRIPTION
    Webequie Supply Road DETAILED PROJECT DESCRIPTION Webequie First Nation The Picture is a Placeholder Only Prepared by: Prepared for: Submitted to: SNC-Lavalin Inc. Webequie First Nation Impact Assessment Agency of Canada 195 The West Mall Toronto, Ontario, M9C 5K1 www.snclavalin.com November 2019 661910 Webequie Supply Road Detailed Project Description PREFACE This Detailed Project Description for the Webequie Supply Road Project (“the Project”) has been prepared in accordance with subsection 15(1) of the Impact Assessment Act (“IAA”) and Schedule 2 of the Act’s Information and Management of Time Limits Regulations (“the Regulations”) of the Impact Assessment Act - Information Required in Detailed Description of Designated Project. In addition, the Detailed Project Description reflects the Webequie Supply Road Project Team’s recognition of issues identified in the Summary of Issues prepared by the Impact Assessment Agency of Canada (the Agency) as a result of the Agency’s invitation to Indigenous groups, federal and provincial authorities, the public and other participants to provide their perspective on any issues that they consider relevant in relation to the Project. Information provided by the Agency (posted on the Canadian Impact Assessment Registry) for this purpose included the Initial Project Description. The document that was accepted by the Agency to serve as the Initial Project Description was prepared to comply with the requirements of the Canadian Environmental Assessment Act, 2012 and was initially released for public review under the CEAA, 2012 process in July 2019, during the period when the Government of Canada was preparing to bring into force and transition to the new Impact Assessment Act.
    [Show full text]
  • NORONT RESOURCES LTD. ANNUAL INFORMATION FORM For
    NORONT RESOURCES LTD. ANNUAL INFORMATION FORM For the Year Ended December 31, 2016 April 10, 2017 1 2016 Annual Information Form for Noront Resources Limited – April 10, 2017 TABLE OF CONTENTS FORWARD-LOOKING INFORMATION .......................................................................................................... 3 NOTE TO UNITED STATES INVESTORS ....................................................................................................... 4 OTHER IMPORTANT INFORMATION ........................................................................................................... 4 CORPORATE STRUCTURE ............................................................................................................................... 5 INCORPORATION AND REGISTERED OFFICE ............................................................................................................................ 5 INTERCORPORATE RELATIONSHIPS ........................................................................................................................................ 5 DEVELOPMENT OF THE BUSINESS ............................................................................................................... 5 STRATEGY .............................................................................................................................................................................. 5 THREE YEAR HISTORY ..........................................................................................................................................................
    [Show full text]
  • Webequie Supply Road Project Description
    Webequie Supply Road PROJECT DESCRIPTION Webequie First Nation The Picture is a Placeholder Only July 2019 661910 Webequie Supply Road Project Description Table of Contents 1 General Information and Contacts .......................................................................... 1 1.1 Nature of Designated Project and Proposed Location ............................................................. 1 1.2 Proponent Contact Information ................................................................................................. 1 1.3 List of Parties Consulted During Preparation of the Project Description .................................. 2 1.4 Information Regarding Whether the Designated Project is Subject to Environmental Assessment/Regulatory Requirements of Another Jurisdiction ............................................... 5 1.5 Information Regarding Whether the Designated Project is Taking Place in a Region that has Been the Subject of an Environmental Study ........................................................................... 5 2 Project Information .................................................................................................. 7 2.1 General Description of the Project ............................................................................................ 7 2.2 Relevant Provisions in Regulations Designating Physical Activities Subject to CEAA .......... 10 2.3 Components and Activities of the Designated Project ........................................................... 10 2.4 Emissions, Discharges
    [Show full text]
  • FRESHWATER FISH in ONTARIO's BOREAL: STATUS, CONSERVATION and POTENTIAL IMPACTS of Development David R
    WCS CANADA CONSERVATION REPORT NO. 2 | AUGUST 2007 FRESHWATER FISH IN ONTARIO'S BOREAL: STATUS, CONSERVATION AND POTENTIAL IMPACTS OF dEVELOPMENT David R. Browne WCS CANADA CONSERVATION REPORT #2 AUGUST 2007 FRESHWATER FISH IN ONTARIO'S BOREAL: STATUS, CONSERVATION AND POTENTIAL IMPACTS OF DEVELOPMENT David R. Browne WCS Canada Conservation Reports: ISSN 1719-8941 Conservation Report (Print) ISSN 1719-8968 Conservation Report (Online) ISBN 978-0-9784461-1-6 Conservation Report (Print) ISBN 978-0-9784461-2-3 Conservation Report (Online) Copies of WCSC Conservation Reports are available at: www.wcscanada.org/publications Suggested citation: Browne, D.R. 2007. Freshwater fish in Ontario's bore- al: Status, conservation and potential impacts of development. Wildlife Conservation Society Canada Conservation Report No. 2. Toronto, Ontario, Canada. Cover photographs: Fish from top: northern pike – Engbretson Underwater Photography; stur- geon – Rob Criswell; brook trout – Mary Edwards; lake whitefish – © Shedd Aquarium, photo by Edward G. Lines; walleye – Engbretson Underwater Photography. Front cover landscape: Justina Ray; back cover: Carrie Sadowski, OMNR Copyright: The contents of this paper are the sole property of the authors and cannot be reproduced without permission of the authors. About Wildlife Conservation Society Canada (WCS Canada) WCS Canada's mission is to save wildlife and wildlands by improving our understanding of — and seeking solutions to — critical issues that threaten key species and large wild ecosystems throughout Canada. It both implements and supports comprehensive field studies that gather information on wildlife needs and seeks to resolve key conservation problems by working with a broad array of stakeholders, including local community members, conservation groups, reg- ulatory agencies, and commercial interests.
    [Show full text]
  • 1 Introduction
    Webequie Supply Road Environmental Assessment Draft Terms of Reference 1 Introduction The purpose of this document is to present the Terms of Reference (ToR) for the Webequie First Nation Supply Road Project (“Webequie Supply Road”, “WSR”, “the Project”) to meet the requirements of the Ontario Environmental Assessment Act (EA Act). The ToR is a document that establishes the framework for the planning and decision-making process during the Environmental Assessment (EA) and is submitted by the proponent to the Minister of the Environment, Conservation and Parks (MECP) for review and approval. Alongside the ToR document, material to be submitted for the public record includes the Record of Consultation, which is a stand-alone written record that documents the engagement of and consultation with Indigenous (First Nation and Métis) communities, government agencies, the public, and stakeholders during the development of the ToR, including feedback received (comments, concerns, questions) and project team responses. The proposed Webequie Supply Road is a new all-season road of approximately 107 km in length from Webequie First Nation to the mineral deposit area near McFaulds Lake (also referred to as the Ring of Fire). A Location Plan for the Project is shown on Figure 1.1. The preliminary corridor for the road consists of a northwest-southeast segment running 51 km from Webequie First Nation to a 56 km segment running east before terminating near McFaulds Lake. A total of 17 km of the corridor is within Webequie First Nation Reserve lands. Based on the scale and complexity of the Project, and the potential for significant environmental effects, an Individual Environmental Assessment must be completed for approval under the EA Act.
    [Show full text]
  • Ring of Fire”) Area Lake Sediment Geochemistry Pilot Study, Northern Ontario; Ontario Geological Survey, Open File Report 6269, 26P
    THESE TERMS GOVERN YOUR USE OF THIS DOCUMENT Your use of this Ontario Geological Survey document (the “Content”) is governed by the terms set out on this page (“Terms of Use”). By downloading this Content, you (the “User”) have accepted, and have agreed to be bound by, the Terms of Use. Content: This Content is offered by the Province of Ontario’s Ministry of Northern Development and Mines (MNDM) as a public service, on an “as-is” basis. Recommendations and statements of opinion expressed in the Content are those of the author or authors and are not to be construed as statement of government policy. You are solely responsible for your use of the Content. You should not rely on the Content for legal advice nor as authoritative in your particular circumstances. Users should verify the accuracy and applicability of any Content before acting on it. MNDM does not guarantee, or make any warranty express or implied, that the Content is current, accurate, complete or reliable. MNDM is not responsible for any damage however caused, which results, directly or indirectly, from your use of the Content. MNDM assumes no legal liability or responsibility for the Content whatsoever. Links to Other Web Sites: This Content may contain links, to Web sites that are not operated by MNDM. Linked Web sites may not be available in French. MNDM neither endorses nor assumes any responsibility for the safety, accuracy or availability of linked Web sites or the information contained on them. The linked Web sites, their operation and content are the responsibility of the person or entity for which they were created or maintained (the “Owner”).
    [Show full text]
  • TEMEX and EAST WEST ACQUIRE NICKEL-COPPER-PGE PROPERTY SOUTH of Mcfaulds LAKE and NORONT DISCOVERY
    TEMEX RESOURCES CORP 1660-141 Adelaide Street West Toronto, Ontario CANADA M5H 3L5 tel: 416-862-2246 fax: 416-862-2244 website: www.temexcorp.com email: [email protected] TSX Venture Exchange:TME, Frankfurt Exchange:TQ1 NR08-2008 NEWS RELEASE April 01, 2008 TEMEX and EAST WEST ACQUIRE NICKEL-COPPER-PGE PROPERTY SOUTH OF McFAULDS LAKE and NORONT DISCOVERY TORONTO, ONTARIO: Temex Resources Corp. (TSX Venture Exchange:TME, Frankfurt:TQ1) ("Temex" or “the Company”) announces that it has expanded its land position in the area of the Noront Resources Eagle One and Eagle Two nickel- copper-platinum group element (Ni-Cu-PGE) discoveries in the McFaulds Lake area, Ontario. The latest land acquisition, referred to as the Fishhook Property (the “Property”), includes one contiguous group of 968 claim units covering 34,560 acres, pursuant to a joint staking agreement with East West Resource Corporation (“East West”) as equal partners, located 15 kilometres east of the GP Property, a group of 333 claim units announced by Temex and East West March 19, 2008. Highlights: Extensive contiguous land position covering 34,560 acres adjacent and proximal to properties held by Northern Shield Resources Inc., Impala Platinum Holdings Ltd., International Nickel Ventures Inc., Vale Inco Limited, and others Property covers the interpreted basal portion of, and the possible ‘feeder conduits’ to, the large mafic to ultramafic, Highbank Lake Intrusion Property covers untested airborne EM anomalies from previous geophysical surveys The Fishhook Property, located approximately 45 kilometres to the south of the Noront discoveries, was staked to cover the interpreted basal portions of the Highbank Lake Intrusion.
    [Show full text]
  • Lichens of Canada Exsiccati, Fascicle I, Nos. 1-25
    Opuscula Philolichenum, 17: 335-341. 2018. *pdf effectively published online 12October2018 via (http://sweetgum.nybg.org/philolichenum/) Lichens of Canada Exsiccati, Fascicle I, Nos. 1-25 R. TROY MCMULLIN1* AND LYNDSEY SHARP2 ABSTRACT. – A new exsiccati is initiated, Lichens of Canada, disseminated by the National Herbarium of Canada (CANL) at the Canadian Museum of Nature. Thirty-one sets of 25 species from the Hudson Bay Lowlands in northern Ontario and Salt Spring Island in British Columbia are distributed to: B, BG, C, CANB, COLO, DUKE, E, EWU, FH, FR, GZU, H, HMAS, KANU, LD, M, MSC, NBM, NFLD, NY, O, OSU, PMAE, QFA, S, SWSG, TNS, TU, UBC, UPS, WIS. KEYWORDS. – Biodiversity, fungi, lichenology, mycology, natural history collections, scheda. INTRODUCTION Exsiccati are identically numbered sets of dried specimens distributed to herbaria (Sayre 1969, 1971). Their purpose is to disseminate material from particular areas, or of specific groups of taxa, for examination by researchers in other parts of the world (Stafleu 1972, Stevenson 1971). An exchange of duplicate specimens serves a similar function and is often done instead of exsiccati. The benefit of exsiccati however, is that sets are consistent and provide an alternative to sorting through herbaria to locate specimens from a particular region since they are all in one place and usually organised in a catalogue. In Canada, two exsiccati that contain lichens have been distributed in the past by the National Herbarium of Canada (CANL) at what is now the Canadian Museum of Nature. The first, ‘Canadian Lichens’, was prepared by John Macoun and disseminated in two series.
    [Show full text]
  • Annual Report for the Year Ended December 31, 2020
    ANNUAL REPORT FOR THE YEAR ENDED DECEMBER 31, 2020 LETTER FROM THE PRESIDENT Fellow shareholders, Despite dealing with the COVID-19 global pandemic for much of the year, Noront was able to advance many of its key files, support a transformational strategic investment and conduct an exciting season of exploration work while ensuring the health and safety of all our employees. The highlight of this past year was the addition of Wyloo Metals as our cornerstone investor. Wyloo, which is one of Australia’s largest investment funds, bought all the equity, debt and royalties that Resource Capital Funds formerly held in Noront. Wyloo’s goal is to make strategic, long-term investments in commodities that will empower a decarbonized future. Noront’s nickel, copper, zinc and chrome assets were a key driver of their substantial investment. We look forward to working with Wyloo to bring projects in the Ring of Fire to fruition and take our commodities to market. Alongside this financial progress, our work continued with the provincial government and local First Nations to advance development of a road network into the Ring of Fire. These community-led, all-season road projects achieved important milestones with the filing of provincial environmental assessment terms of reference and the issuance of federal impact statement guidelines. Upgrades also continued on an existing forestry road which will serve as the initial leg of the new road corridor. We believe that having First Nation communities with traditional land use as the proponents of regional infrastructure is a bold and forward-looking way to ensure their alignment and participation.
    [Show full text]
  • Beneath the Surface: Uncovering the Economic Potential of Ontario's Ring of Fire
    BENEATH the SURFACE Uncovering the Economic Potential of Ontario’s Ring of Fire BENEATH the SURFACE Uncovering the Economic Potential of Ontario’s Ring of Fire The Ontario Chamber of Commerce (OCC) is an independent, non-partisan business network. Our mission is to support economic growth in Ontario by advocating for pro-business policies and defending business priorities at Queen’s Park. For more than a century, the OCC has been providing our members with practical supports, advantageous network opportunities, and access to innovative insight and analysis. We represent local chambers of commerce and boards of trade from communities across Ontario. Through this network, we are the voice of 60,000 members that range from small businesses to major corporations and industry associations. Together, our members employ two million people and produce nearly 17 percent of Ontario’s GDP. us occ.ca Visit The OCC is Ontario’s business advocate. Follow us @OntarioCofC Beneath the Surface: Uncovering the Economic Potential of Ontario’s Ring of Fire by Josh Hjartarson, Liam McGuinty, and Scott Boutilier, with Eva Majernikova ISBN Print: 978-1-928052-01-2 ISBN PDF: 978-1-928052-02-9 ©2014 Ontario Chamber of Commerce Cover Photo | Lac des Iles Mine in northern Ontario, courtesy of North American Palladium Ltd. Contents A Message from the President & CEO of the Ontario Chamber of Commerce i BENEATH Executive Summary 1 13 Step Action Plan for Developing the Ring of Fire 2 Introduction 4 The Economic Opportunity for Ontario 8 Key Findings 8 SURFACE A Ring
    [Show full text]