Page 60 Contd on pg 61 Contd from pg 59 use As included in the draft Proj ect Description preliminary plans envision the development of a permanent amphibious aerodrome at that location together with an adjacent and permanent EastW e st allweather runway and heliport terminal as an adjunct to a railroad terminal fuel storage compound communications hub accommoda tion services and repair and main tenance facilities KWG has a 30 interest in the Big Daddy deposit KWG also owns 100 of Canada Chrome Corpora tion which has staked claims and Bold V e ntur es Inc drill pr ogram in Ring indicates existence of gold deposits By Frank Giorno Bold V e ntures Inc gold assay results released on October 10 2012 indicat ed the presence of gold in four drill holes located at two drill sites in the Ring of Fire area of the James Bay Lowlands The results from the assays are en couraging but a lot more work has to be done said Richard Nemis cer Bold V e nture Inc BVI in a tele phone interview with Mining Life and Exploration News The results of the gold assays showed the presence of gold in the range of 04 gt to 10 gt in the drill holes that were part of BVI s drilling program Our plan is to continue to do geo physical work Nemis said If the geophysical work locates tar gets of mineral deposit we will proceed to drill the tar gets Nemis who was President of Noront Resources Ltd until 2008 has reas sembled most of the team that dis covered chromite and nickel deposits for Noront The exploration program includes the majority of the team that discovered Noront s Eagle One high grade nickel copper platinum pal ladium gold and silver discovery as well as the Eagle T w o nickel Black bird chromite deposits and the Thun derbird iron vanadium showing W e have a lot of expertise in the team BVI has assembled W e know what we are doing As for what next steps BVI will take Nemis said the most important is to develop agreements with the local First Nations and sign memorandums of understanding so we can proceed to do more work in the area W ithout these agreements we can not move ahead into the development and production stages he said Nemis is the person credited with naming the vast circular zone of magma and massive sulphide content with mining potential in the mus keg swamp region of the James Bay Lowlands the Ring of Fire after the Johnny Cash hit song When questioned about whether BVI would grow into a mine development and production company Nemis said that right now BVI s priority is explo ration body of ore BVI could decide to be come a mine much like Noront did when the chromite and nickel depos its were determined to be economi cally viable Nemis explained As for the potential for mining in the Ring of Fire Nemis said the mining industry is just scratching the surface The area around McFauld s Lake could become the chromite capital of the world he stated tential for mining extends beyond the Over 60 Ye ars experience in the T extiles Industry Ser vicing the Mining Cons truction Indus trie s 8004864773 infocustomtextile sca wwwcustom textilesca Industrial T extile Fabric ation Industrial T extile Fabric ation Equipment Covers Shrink Wrap Strapping Products Industrial Sewing Repairs Operator Cab Relining Custom T arps conducted a 15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton Ontario where the T r ans Canada line of the Canadian National Railway can be connected KWG has 30 inter e st in Big Daddy deposit