News release from UBR This is what Patrick Bernard and the geologist were really excited about at the mining show but could not give too many details.
This looks really interesting, and from what I have heard there have already been enquires on the property, this could be another deal like the Graphite deal patrick pulled off last year.
A $1.45 US per Lb WoW! Well done Patrick!
May 22 2014, Montreal, Quebec Symbol: TSX.V: UBR
Press release – for immediate distribution Shares outstanding: 54,039,743
URAGOLD ACQUIRES HIGH PURITY SiO2 PROPERTIES
AND CLOSED SILICON METAL MINES IN THE PROVINCE OF QUEBEC
Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce
that it has acquired, through map staking, a strategic portfolio of high purity silica
(+98.5% SiO2) deposits and closed silicon metal mines in Quebec.
About Silicon Metal
Silicon Metal is known as a semi-metallic or metalloid, having several of the
characteristics of metals. It is derived from Silicon dioxide also known as silica (SiO2).
Silica is most commonly found in nature as quartz. High purity quartz deposits
(+98.5%SiO2) with low impurities are rare. Commercially produced metallurgical grade
silicon metal is typically Si 98% pure and is notably produced in China, Russia, Brazil,
Norway, South Africa and USA.
Most metallurgical silicon metal is used as an alloying agent in the aluminum industry due
to its ability to increase the strength of aluminum. Demand from the aluminum industry
has grown steadily in recent years due to increased usage of aluminum in structural
engineering, aircraft manufacture and the automotive industry. Silicon metal is used in
the primary and secondary aluminum industry to improve the strength of aluminum. This
ability of silicon metal is of importance to the automotive industry where components
made from Aluminum Alloys provide a strong and lightweight replacement for heavier
cast iron engine blocks and steel wheels. By reducing the weight in automobiles, fuel
consumption decreases. As a result green house gas emissions are reduced which is a
major contribution to conservation of the environment.
In addition, there is increasing demand for Silicon Metal from the solar power generating
industry where solar panels are made from silicon, which use the sun’s energy to
produce domestic and industrial electricity. Silicon based polymers are also used as
alternatives to hydrocarbon based products. They can appear in many every day
products such as lubricants, greases, resins, skin and hair products. A more well known
use of silicon is silicon chips, produced from semi-conductor grade silicon they are
components in many every day electronic devices
Increase demand from the aluminum industry and a tightening of supply for high purity
silica (+98.5%) has push prices higher in recent years. The latest price for high purity
silica (+98.5%) is US$1.45/lbs. (May 2014).
About The Properties:
Property Location SiO2 Historical Estimates
Drucourt Charlesvoix 300,000 tons Historical Resource 98.60%
Gendron Outaouais 150,000 tons Historical Resource 99.36%
Ronceveaux Gaspesie 414,700 tons Historical Resource 99.20%
Martinville Eastern Townships 1,092,000 tons Historical Resource
Malvina Eastern Townships Quartz veins, sampled 99.74% SiO2
Bouffard Eastern Townships Quartz veins, sampled 99.60% SiO2
Turgeon Eastern Townships Quartz veins, sampled 99.80% SiO2
Broughton Eastern Townships Quartz veins system outcrop
Beaudoin Mine Eastern Townships Closed Silica Metal Mine
Bourque Mine Eastern Townships Closed Silica Metal Mine
Montpetit Quarry Hemmingford Closed Silica Metal Mine
St-Gedeon Beauce Quartz veins system outcrop
A qualified person has not verified the relevance and reliability of the properties outlined
above. All information such as resources estimates and grades herewith presented is
historical in nature and while relevant, the information was obtained before the
implementation of National Instrument 43-101 and as such does not meet National
Instrument 43-101 reporting standards. The historical estimate should not be relied upon
until the Company can confirm them.
Source: Resources Naturelles du Quebec, Sigeom 2014, Nonmetalic Deposits
Patrick Levasseur, Uragold President and COO, remarks: “We are extremely pleased to
have been able to acquire, through map staking, such a strategic portfolio of high purity
silica (+98.5%SiO2) deposits in Quebec following the January 24, 2014 announcement
between the Government of Quebec and the Spanish company FerroAtlántica.
Our past experience in the graphite sector, when we acquired and sold for a profit
graphite properties to Canada Carbon, gives us confidence that we can increase
shareholder value while focusing on advancing the Beauce Placer Gold property and the
Golden Hope Bellechase-Timins deposit into producing gold mines”
(https://www.investquebec.com/international/en/press-room/press-releases/ferroatlanticachooses-
quebec-for-its-new-silicon-metal-plant.html)
About Uragold Bay Resources Inc.
Uragold Bay Resources is a junior exploration company trading on the TSX Venture
under the symbol UBR. Uragold holds gold properties in Southern Quebec's
Appalachian belt. Uragold’s business model is focused on the development of small