Bold Ventures Teams up with KWG on Key Chromite Discovery in Ring – Mining Life

Mar 13, 2015

One of the companies hoping to develop properties in the Ring of Fire is Bold Ventures Inc.

Happily, Bold is working with a key play in the area, KWG Resources Inc.

The two companies conducted diamond drilling in 2014 on their Koper Lake Joint Venture, which is under option by Bold from Fancamp Exploration Ltd.

In turn KWG has optioned the property from Bold.

If KWG fulfills all of the optional commitments to earn the 100% working interest in the Koper Lake Property under the agreement with Fancamp, then, in the case of chromite resources, KWG would hold an 80% working interest and Bold would hold a 20% working interest in the development of the chromite resources in accordance with the Chromite Interest Feasibility Study required to be produced to earn the interest in the property.

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