With us today is Frank C. Smeenk President & Chief Executive Officer of KWG Resources Inc. Mr. Smeenk discusses recent conversation with Noront Resources after proposed acquisition of Cliffs Chromite was announced.
So we also have clarity on the delay of the el Quevar resource update. The end of the quarter may become explosive, considering we will get three updates around that time.
An updated NI 43-101 compliant mineral resource estimate on El Quevar is being prepared by the independent consulting firm of Pincock, Allen and Holt (PAH). The updated resource estimate for the El Quevar project is now expected by the end of first quarter 2012. PAH has been asked to include an additional 23 drill holes for which assays have just been received."