RE:RE:RE:RE:Hints that a couple of existing Silicon manufacturers kade1 wrote: silverbed79 wrote: Thanks Kade for the update much appreciated, was there any mention of the gold spinoff and how that is going to happen? I agree the Purevap is front and centre but cant forget the other half of the story. Also was there any hint of what might have been achieved purity wise so far and did they give any info as to when we can receive an update to what is going on? Thanks in advance.
The spin off was discussed in that it was voted on and was accepted.
I believe a minor amendment was made to the motion to allow for the completion of some legal activity relative to Golden Hope, such that the issues around the Golden Hope agreement are cleared before it is included in the spin off, but everything else is now settled.
I believe the spin off is expected to be completed by third quarter.
I imagine we will not know the details of the split share values until it is completed, but all existing shareholders will receive an appropriate share in the new company.
I also forgot to add that the new company name is Beauce Gold Fields, at least that was what was mentioned by Patrick, he also stated that the complete property now includes the exact area where the very large gold nuggets were previously found (I believe these were the largest nuggets found in North America at around 50 grams each or so) and that that area has never actually been drilled.
It was mentioned during the question period that Patrick will be in charge of Beauce Gold Fields.
As an aside, it was stated that at least one of the Quartz properties(not sure which one) is immediately adjacent to an area where an 8 gram per ton Gold grade has been established by others.