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.
KWG advised that once completed, it would share the results with the chiefs of the Marten Falls and Webequie First Nations for dissemination within their communities to consider KWG’s proposal to create an equal partnership with them in the integrated mining and transportation operations.
KWG has also appointed Canarail Consultants to provide the professional services and data required of KWG as the client of FSDI. Canarail will provide current materials and services pricing in Canada, together with design advice and assistance in complying with local environmental, social and other applicable standards to facilitate and expedite completion of the feasibility study.
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