VANCOUVER (miningweekly.com) – Junior exploration firm KWG Resources has appointed a China-based consulting engineering group to undertake a conditional bankable feasibility study on a proposed railroad from the mineral properties in Ontario’s Ring of Fire (RoF), to a junction with the CN Railroad at Exton, Ontario.
KWG on Monday announced that it has signed a framework strategic cooperation agreement with China Railway First Survey & Design Institute Group (FSDI) to undertake the study. KWG had hosted a delegation of eight railroad engineering specialists from FSDI earlier this year to conduct a reconnaissance visit to review the proposed railroad alignment and the field and design work previously completed by the company.
Under terms of a conditional bankable feasibility study consultation service agreement, the parties have agreed on the deliverables and timetable for FSDI. The study is expected to be complete by year-end.