Agoracom Blog

INTERVIEW: Fairmont Resources Discusses Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine $FMR.ca

Posted by AGORACOM-JC at 2:48 PM on Friday, May 27th, 2016

  • Property is located approximately 60 km north of Val d’Or Quebec.
  • Contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
  • Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
  • Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m

Hub On AGORACOM / Corporate Profile / Watch Interview

AGORACOM Welcomes VGambling (GMBL:OTCQB) Combining video games and Internet gambling to create, and lead, a global online video game gambling industry $GMBL.us

Posted by AGORACOM-JC at 9:10 AM on Friday, May 27th, 2016

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Online Wagering Platform for the Future of Competitive Gaming

Why VGambling Inc?

  • 51% of the world’s population take part in some form of gambling every year
  • Since 2003, the market has grown by an annual average of 23%
  • Online gambling is becoming more popular and its growth is driven by factors such as Internet penetration, new markets opening due to regulation and new player groups.
  • Online gaming used to attract mainly younger men, but these days it is becoming increasingly popular amongst women and older age groups.

Forbes Magazine states “Fans of eSports competition will wager more than $250 million on the outcome of eSports events in 2015. That amount is expected to exceed $23 billion by 2020.”


Who is VGambling Inc.?

  • Company intends to offer users from around the world the ability to wager on professional e-Sports events for real money in licensed and secure environment.
  • Makes it possible to play in multi-player video game amateur tournaments and win cash prizes.
  • Issued an Internet gambling License by the Kahnawake Gaming Commission in Canada
  • Applied for a License in Antigua and Barbuda.
  • Company intends to conduct real money interactive gaming activities on a global basis from our base in St. John’s, Antigua.
  • Bringing users from these two huge industries together by offering our users from around the world the opportunity to play, and bet on online single and multi-player, video game tournaments for real money in our secure and licensed environment.
  • Utilizing VGambling Inc.’s peer-to-peer wagering system, video game fans and enthusiasts everywhere will be able to place all manner of bets on eSports professional players’ performance. Wagering will be available on a wide range of professional eSports events from around the world.
  • Company also intends to offer the widest selection of video games of skill, designed to be compatible for all applications including mobile and in multiple languages, to be played online for real money in small groups, tournaments and major events

The Opportunity

INTERNET GAMBLING EXPENDITURE IS INCREASING GLOBALLY

Online gambling, also known as Internet gambling and iGambling, is a general term for gambling using
the Internet.

  • $40B industry with +20% annual growth
  • Sports betting estimated to be 41% of total online market.
  • Internet gambling represents +10% of global gambling market

eSports

Electronic sports (also known as eSports, e-sports,
competitive gaming, or progaming in Korea) is a term for organized multiplayer video game competitions.
Last year Riot Games’ “League of Legends” world championship had 27 million streaming views. To provide some correlation, it was more than
the average viewership of the World Series of baseball, which is the second most viewed sport in the USA. The number of professional eSports tournaments worldwide more than tripled from 430 in 2013 to 1,485 in 2014.

  • eSports organizations hosting major tournaments include the Electronic Sports League in Europe, Major League Gaming in North America, and the Korean eSports Association founded by the Korean government and affliated to the Korean Olympic Committee
  • China and Korea continue to dominate the global eSports market
  • eSports are currently being seriously considered by the IOC as an Olympic sport

Explor Increases Ogden Property $EXS.ca

Posted by AGORACOM-JC at 8:40 AM on Friday, May 27th, 2016

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  • Announces the acquisition of 1 mining claim (2 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario
  • Claim is located in Ogden Township to the north of the Ogden Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins

ROUYN-NORANDA, QUEBEC–(May 27, 2016) - Explor Resources Inc. (“Explor” or “the Corporation”) (TSX VENTURE:EXS)(OTCQX:EXSFF)(FRANKFURT:E1H1)(BERLIN:E1H1) is pleased to announce the acquisition of 1 mining claim (2 mineral claim units) situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. This claim is located in Ogden Township to the north of the Ogden Property. Highway 101 West is north of the property and provided excellent access to the city of Timmins.

Explor Resources Inc. will pay CDN $6,000 and issue 60,000 common shares to acquire a 100% interest in the additional Ogden claim. The optionors have retained a 2% NSR in the property. This acquisition is subject to the approval of the TSX Venture Exchange.

With this acquisition, the Ogden property now consists of 9 mining claims (72 mineral claim units) covering 1,152 hectares situated in the Porcupine mining division, district of Cochrane, in the Ogden Township, Ontario. The Ogden property has been previously explored by Hollinger Mines, Tex-Sol Exploration, Inmet Mining Corporation, Amax Mineral Exploration, Noranda Exploration and Knick Exploration. The majority of the holes drilled by previous operators were less than 100 meters in length. Historically on the Ogden Property, the only hole that hit significant mineralization was a diamond drill hole by Tex-Sol Exploration in 1965 which returned 6.0 g/t Au over 9.1 m at a shallow depth. On the TPW Gold Property significant mineralization was intersected below 300 meters of vertical depth requiring drill holes of 500 to 600 m in length. Explor has completed a drill program on the Ogden Property and results are pending.

The most significant deposits in Timmins are spatially associated with porphyry units that are in proximity to the Porcupine Destor Fault. The deposits appear to be also associated with splay faults that trend off and to the North of the Porcupine Destor fault inside an interpreted splay fault corridor.

The Ogden Property is contiguous on the east side of the Timmins Porcupine West Property. The Timmins Porcupine West Project has as a Target Model “The Hollinger-McIntyre-Coniaurum System.” The Hollinger-McIntyre-Coniaurum (HMC) System has produced a total of over 30 million oz of gold is spatially associated with the Pearl Lake Porphyry. The high-grade gold bearing quartz veins which hosted the bulk of the gold at the HMC occurred in the adjacent mafic volcanics, located outboard from the porphyry itself.

Chris Dupont P.Eng is the qualified person responsible for the information contained in this release.

Explor Resources invites investors to visit our booth at the following conference:

Booth #P28 (Pavilion) at the Big Event, Canadian Mining Expo in Timmins, Ontario, held at the McIntyre Community Centre from June 1 to June 2, 2016.

The management team at Explor Resources Inc. looks forward to having you join us.

Explor Resources Inc. is a publicly listed company trading on the TSX Venture (EXS), on the OTCQX (EXSFF) and on the Frankfurt and Berlin Stock Exchanges (E1H1).

This Press Release was prepared by Explor. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the Policies of the TSX Venture Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release.

About Explor Resources Inc.

Explor Resources Inc. is a Canadian-based natural resources company with mineral holdings in Ontario, Québec, Saskatchewan and New Brunswick. Explor is currently focused on exploration in the Abitibi Greenstone Belt. The belt is found in both provinces of Ontario and Québec with approximately 33% in Ontario and 67% in Québec. The Belt has produced in excess of 180,000,000 ounces of gold and 450,000,000 tonnes of cu-zn ore over the last 100 years. The Corporation was continued under the laws of Alberta in 1986 and has had its main office in Québec since 2006.

Explor Resources Flagship project is the Timmins Porcupine West (TPW) Project located in the Porcupine mining camp, in the Province of Ontario. The TPW mineral resource (Press Release dated August 27, 2013) includes the following:

Open Pit Mineral Resources at a 0.30 g/t Au cut-off grade are as follows:
Indicated: 213,000 oz (4,283,000 tonnes at 1.55 g/t Au)
Inferred: 77,000 oz (1,140,000 tonnes at 2.09 g/t Au)
Underground Mineral Resources at a 1.70 g/t Au cut-off grade are as follows:
Indicated: 396,000 oz (4,420,000 tonnes at 2.79 g/t Au)
Inferred: 393,000 oz (5,185,000 tonnes at 2.36 g/t Au)

This document may contain forward-looking statements relating to Explor’s operations or to the environment in which it operates. Such statements are based on operations, estimates, forecasts and projections. They are not guarantees of future performance and involve risks and uncertainties that are difficult to predict and may be beyond Explor’s control. A number of important factors could cause actual outcomes and results to differ materially from those expressed in forward-looking statements, including those set forth in other public filling. In addition, such statements relate to the date on which they are made. Consequently, undue reliance should not be placed on such forward-looking statements. Explor disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, save and except as may be required by applicable securities laws.

Christian Dupont, President
888-997-4630 or 819-797-4630
819-797-6050
www.explorresources.com
info@explorresources.com

Mining Minute Episode 13 – “Geology at the Ring of Fire” #MiningMinute $KWG.ca

Posted by AGORACOM-JC at 2:13 PM on Thursday, May 26th, 2016

In the latest episode of he Mining Minute, KWG Resources CEO Frank Smeenk discusses geology at the Ring of Fire with co-host Theresa Longo.

AGORACOM Welcomes (FMR: TSX-V) With Newly Optioned Lithium Project Adjacent to RB Energy’s Quebec Lithium Mine $FMR.ca

Posted by AGORACOM-JC at 1:13 PM on Thursday, May 26th, 2016

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  • Property is located approximately 60 km north of Val d’Or Quebec.
  • Contiguous to the north and south of RB Energy’s Quebec Lithium Mine with a published measured and indicated resources (at a 0.60% Li2O cutoff) of 41,556,000 tonnes at 1.09% Li2O, and an inferred resource of (at a 0.60% Li20 cutoff) of 17,766,000 million tonnes at 1.10% Li2O
  • Also contiguous to Jourdan Resources Vallee Lithium property that drilled more than 4000m of core in 2011 and intersected more 100 pegmatite and aplite dikes.
  • Jourdan Resources intersected values of up to 1.187% Li2O over 5.50m
Recently Announced Industrial Minerals business in Spain
Fully operational processing and finishing facility with 250,000 square metres of annual production capacity
  • Demand has been increasing in recent years and is currently strong in Europe, Asia, and North America for Granite and industrial minerals.

  • Modernized Granite processing facility worth millions of Euros http://www.fairmontresources.ca/gallery-gf.php
  • FMR receiving strong interest from finance parties in Europe, U.S., and Canada to fund up to 8m euros ($12m CDN) in senior secured debt to complete the acquisition and provide the company with a large operating cash cushion.

GRABASA

  • Fully operational processing and finishing facility, the former assets of Granitos de Badajoz S.A.
  • 250,000 square metres of annual production capacity
  • Total acquisition cost of EUR4.275 million
  • Mine licenses and processing facility will make Fairmont one of the largest granite producers in Europe

Hub On AGORACOM / Corporate Profile / Read Release

CLIENT FEATURE: VirtualArmor (VAI: CSE) With Huge Annual & Quarterly Revenue Growth $VAI.ca

Posted by AGORACOM-JC at 11:19 AM on Thursday, May 26th, 2016

Hublogolarge

(VAI: CSE), (3V3: Frankfurt)

Highlights

 

  • 2015 Revenues $USD 7.36M, Up 53% Over Previous
  • Q4 2015 Revenue $USD 2.49M, Up 101% Over Previous
  • Real Customers

The Opportunity

  • 44% of security leaders expect a major cloud provider to suffer a significant security breach
  • 83% Of enterprises have difficulty finding the security skills they need
  • 3.8 Million Average cost of a data breach in 2015(Ponemon Institute May 2015)
  • #1 CIO priority in 2015 is security (Piper Jaffray CIO Survey)
  • $75 Billion Projected global spend on data security in 2015 (Gartner)
  • 75% of Of IT leaders planned to increase security budgets in 2015(Piper Jaffray CIO Survey)

Recent Interview

Stock Chart

Hub On AGORACOM / Corporate Profile

Nevada Energy Metals Announces Shallow Auger Results at Teels Marsh West $BFF.ca

Posted by AGORACOM-JC at 9:18 AM on Thursday, May 26th, 2016

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  • Announced that it has completed an orientation survey at Teels Marsh, Esmeralda County Nevada
  • Lithium values ranged from 8.9 to 104.5 ppm.
  • The two best results (93.2 and 104.5) were obtained downstream of thermal springs on the western part of the property.
  • Collected twenty-seven shallow auger sediment samples
  • Program was primarily a test of the sampling method to see if it could be used to collect samples beneath low sand dunes and alluvial gravel.

May 26, 2016 / Vancouver, British Columbia- Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has completed an orientation survey at Teels Marsh, Esmeralda County Nevada. Nevada Energy Metals collected twenty-seven shallow auger sediment samples from the Teels Marsh West Project area April 18 – 20, 2016. The sampling program was primarily a test of the sampling method to see if it could be used to collect samples beneath low sand dunes and alluvial gravel. This goal was met in most locations.

Samples were collected using a powered auger to reach a maximum depth of 2.9 meters (9.5 ft.) below the surface. The holes were initially drilled with an electric auger and bottom hole samples were collected with a hand tulip style sampler. Sampling was conducted by Pediment Gold LLC of Sparks, Nevada. Samples were collected on site and transported to the ALS Global preparation facility in Elko, Nevada by the Nevada Energy Metals project geologist. Samples were analyzed by ALS using their MEMS41 multi-element package. QA/QC standards and blanks were inserted into the sample stream to assure accuracy.

Lithium values ranged from 8.9 to 104.5 ppm. The two best results (93.2 and 104.5) were obtained downstream of thermal springs on the western part of the property. A general increase in values was noted at the playa margin with lower values in the alluvial fan on the southwestern part of the property. Many of the sites on the alluvial fan did not penetrate to the maximum depth due to boulders. Sampling was supervised by Alan J. Morris CPG who serves as the project geologist and Qualified Person on the Teels Marsh West Project.

About Nevada Energy Metals: http://nevadaenergymetals.com/

Nevada Energy Metals Inc. is a well funded Canadian based exploration company who’s primary listing is on the TSX Venture Exchange. The Company’s main exploration focus is directed at lithium brine targets located in the mining friendly state of Nevada. The Company has recently completed (1) a 70/30 farm-out option JV on 77 claims in Clayton Valley, approximately 250m from the Rockwood Lithium mine, the only brine based lithium producer in North America; (2) acquisition of 100% of the Teels Marsh West project (100 claims covering 2000 acres/809 hectares) in Mineral County, Nevada; (3) acquisition of 100% ownership of the Black Rock property (128 claims covering 2,560 acres/1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada; (4) acquisition of 100% ownership in the San Emidio Project (155 claims, 3,100 acres/1,255 hectares) near Empire, Washoe County, Nevada; (5) the acquisition of the Alkali lake Project, 60% Option from Dajin Resources Corp. (191 claims covering 3,820 acres/1,558 hectares) in the Esmeralda County, Nevada.

On Behalf of the Board of Directors

Rick Wilson, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the contents of this news release.

FEATURE: Explor Resources (EXS: TSX-V) 609K oz Indicated / 470K Inferred, Teck Resources To Spend $12 MILLION To Earn 70% $EXS.ca

Posted by AGORACOM-JC at 4:32 PM on Wednesday, May 25th, 2016

Why Explor Resources?

  • Flagship Property Offers The Following:
  • NI 43-101 Resource – 609,000 oz Indicated / 470,000 Inferred
  • Teck Resources To Spend $12 MILLION To Earn 70%
  • Property Is 2.5 KM From Lake Shore Gold Mine
  • Property Is 13 KM From Downtown Timmins
  • 2nd Project 43-101 Open Pit Resource
  • 1.4 MILLION T Indicated @ 1.38% Copper
  • 2.09 MILLION T Inferred @ 1.26% Copper

ONTARIO AND NEW BRUNSWICK PROPERTIES CURRENTLY UNDER EXPLORATION

Timmins Porcupine West (TPW) (4300 ha)

  • NI 43-101 Resource: 609,000 oz Indicated
    470,000 oz Inferred Gold
  • 13 km from downtown Timmins
  • Property is 2.5 km, NE of LSG West Timmins Mine
  • Model: Hollinger McIntyre Gold System: 30,000,000 oz. Au
  • Discovery Hole 10-30 : 9.22g/tonne over 11.0 meters
  • Optioned to Teck Resources
  • Teck to spend $12,000,000 to earn 70% interest

Chester Copper & VMS Project (3500ha)

  • Mineral Target: Cu, Pb, Zn, Ag, & Au
  • 70 km SW of Bathurst NB
  • Structural Model Complete
  • 300 m wide x 2000m long mineralized Corridor identified
  • Ramp to ore zone (480 meter long (3m x 4m)
  • Optioned to Brunswick Resources (BRU)
  • Brunswick to spend $500,000 over 3 years
  • Explore to receive $40,000 and 5,000,000 shares of BRU
  • Open pit resource – NI 43-101 Resource: 1,400,000 Indicated t @ 1.38% Cu
    2,089,000 Inferred t @ 1.26 % Cu


Kidd Creek Project (2466 ha)

  • Mineral Target: Cu-Zn Ore
  • Located 1.0 km west of Kidd Creek Mine
  • Kidd Mine yielded 130M tonnes of Cu-Zn Ore since 1960
  • Numerous Geophysical max/min and IP Targets
  • Diamond Drilling winter 2015/2016

QUEBEC PROPERTIES CURRENTLY UNDER EXPLORATION

East Bay (3203 ha):

  • Mineral Target: Gold
  • Lies on Porcupine Destor Fault Zone, on strike with Beattie & Donchester mine
  • Historical channel samples by Lacana Mining in 1982 including: 0.81 oz/ton over 5ft; 0.16 oz/ton over 6 ft; 0.10 oz/ton over 10 ft
  • Wrap around Clifton Star

Nelligan (1198 ha):

  • Mineral Target: Nickel
  • Located in Val d’Or mining district of Quebec
  • Historical grab samples of 10% Ni and 0.6% Cu obtained by INCO
  • Discovered anomalous Nickel, Copper Zones

Launay (2250 ha):

  • Mineral Target: Nickel
  • Mineralized zones contained in mafic volcanic rocks
  • Contiguous to Royal Nickel’s Dumont property (NW end)

12 Month Stock Chart

Durango Provides Update On Lithium Xchange $DGO.ca

Posted by AGORACOM-JC at 8:24 AM on Wednesday, May 25th, 2016

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  • Further to its news release dated November 20, 2015, Durango has added an information portal to the www.lithiumxchange.com website.
  • To date this month, the site has had over 350 visits and Durango has received several inquiries on participation in the development of the information portal.

Vancouver, BC / May 25, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that further to its news release dated November 20, 2015, Durango has added an information portal to the www.lithiumxchange.com website. To date this month, the site has had over 350 visits and Durango has received several inquiries on participation in the development of the information portal.

The lithiumxchange.com website is directed to a green-related audience and was created as an information and news source on green-energy-related lithium products.

Numerous developments related to lithium products have been announced globally in recent weeks:

Marcy Kiesman, CEO of Durango, comments, “Durango is uniquely focused to capitalize on the growing lithium industry worldwide. The lithiumexchange.com website provides us with a platform to showcase our position in this industry and we look forward to building our profile in this platform. We are working with our geological team to finalize exploration programs on our lithium properties and will be providing detailed updates for these plans in the near future.”

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and certain lithium properties near the Whabouchi mine, the Buckshot graphite property near the Miller Mine in Quebec, the Dianna Lake silver project in northern Saskatchewan, the Whitney Northwest property near the Lake Shore Gold and Goldcorp joint venture in Ontario, as well as three sets of claims in the Labrador nickel corridor.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, Chief Executive Officer

Telephone: 604.428.2900 or 604.339.2243

Facsimile: 888.266.3983

Email: durangoresourcesinc@gmail.com

Website: www.durangoresourcesinc.com

Forward-Looking Statements

This document may contain or refer to forward-looking information based on current expectations, including, but not limited to the development, commencement and completion of future exploration or project development programs and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Purevap(TM) Dynamic Testing Restarted and First 3 Samples Sent For Independent Analysis $UBR.ca

Posted by AGORACOM-JC at 7:45 AM on Wednesday, May 25th, 2016

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  • PyroGenesis Canada Inc. has advised Uragold that the PUREVAP Quartz Vaporization Reactor  validation program, now in its beneficiation stage, has restarted
  • First batch of three samples have been produced since the restart
  • Bernard Tourillon, Chairman and CEO of Uragold stated, “The quick restart of the testing program demonstrates PyroGenesis ability and commitment to the advancement of our project. We are very satisfied with the milestones reached to date and we wait with anticipation for the next key milestone results.”

MONTREAL, QUEBEC–(May 25, 2016) - Uragold (TSX VENTURE:UBR)(FRANKFURT:UGE)(OTC PINK:URAGD) would like to inform its shareholders that PyroGenesis Canada Inc. (“PyroGenesis”) has advised Uragold that the PUREVAP Quartz Vaporization Reactor (QVR) validation program, now in its beneficiation stage, has restarted and that a first batch of three (3) samples have been produced since the restart.

Bernard Tourillon, Chairman and CEO of Uragold stated, “The quick restart of the testing program demonstrates PyroGenesis ability and commitment to the advancement of our project. We are very satisfied with the milestones reached to date and we wait with anticipation for the next key milestone results.”

ANTICIPATED TIMELINE FOR TESTING AND RESULTS

Having already validated that the PUREVAPQVR process can transform Uragold Quartz into Silicon Metal (Si), (See Uragold Press Release of April 19, 2016), the new material produced by the reactor was delivered to the INRS Laboratory in Quebec City for LA-ICP-MS (Laser Ablation Inductively Coupled Plasma Mass Spectrometry) analysis.

Generally speaking, Uragold anticipates receiving results within two weeks but reminds investors the exact timeline is beyond its control. The goal of these tests is the establishment of a baseline purity of the material produced by the reactor under three (3) different operational conditions and quantifying beneficiation improvements attained to date.

Theoretical modeling of the process indicates that transforming Uragold Raw Quartz into Solar Grade Purity Silicon metals is feasible. Determining the baseline purity of the Si produced by the PUREVAP QVR and quantifying beneficiation success are crucial steps in the validation and the advancement of the program.

Tourillon added, “Reaching our goal of transforming Uragold Quartz into Solar Grade Purity Silicon seems within reach but it will probably require identifying and implementing process improvements and completing additional tests. Having said that, we are very close to reaching the point where the following recent statement made by PyroGenesis CEO, P. Peter Pascali, takes on its importance as we are about to have the information necessary to decide about advancing the project to the pilot stage – ‘We look forward to the final results of our testing program and advancing to the pilot stage with Uragold’.”

UPCOMING AGM – JUNE 22, 2016

Uragold would like to remind shareholders that our AGM will be on June 22, 2016 at 10:00 AM. Shareholders of record as of May 16, 2016 should soon receive their Information circular and proxy documentation. The meeting will be held at the offices of McCarthy Tétrault, 25th floor, 1000 Rue de la Gauchetière W, Montreal, Quebec, in the MTL/QC conference room. We invite all of our shareholders to attend, meet management, vote on agenda items and discuss the company’s milestones, as well as, future plans…

ADDITIONAL FUND RAISING

The Corporation is embarking on an accelerated development strategy where, in combination with it presents and anticipated PUREVAP™ QVR development programs; Uragold will soon be starting a field exploration campaign program on our Roncevaux Quartz Property in order to delineate a resource. This is the first step required for the preparation of a Preliminary Economic Assessment (“PEA”) of Roncevaux as the feed material for the PyroGenesis’ PUREVAP™ QVR process. In order to meet these goals and cover the legal and regulatory cost associated with the gold spin out, the Corporation has chosen to complete the following financing:

Private Placement

Uragold announces that it’s proceeding with a two new non-brokered private placements. The first being for a maximum of 2,700,000 hard cash units (“HC Unit”) at $0.14 per Unit for a gross proceeds of $378,000 and the second being for a maximum of 2,700,000 Flow Through Shares (“FT Shares”) at $0.14 per FT Shares for a gross proceeds of $378,000. Both placements combined represent a total gross amount of $756,000. Insider participation in this placement could accounts up to 5% of the total amount subscribed. The net proceeds from the Private Placement will be used for general corporate expenditures, PUREVAP™ QVR related expenses and exploration activities.

In case of over-subscription of the placement and other certain conditions, Uragold reserve the right to increase the size of the Hard Cash private placement by up to an additional 3,500,000 HC Unit at $0.14 per Unit for an additional gross proceeds of $490,000 and up to an additional 1,500,000 FT Shares at $0.14 per FT Shares for an additional gross proceeds of $210,000.

Each Hard cash Unit will be comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant will entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement. Each share issued pursuant to the placement will have a mandatory four (4) month holding period from the date of closing of the placement. The placement is subject to standard regulatory approvals. No purchase warrants will be available for the Flow Through Shares placement.

In Connection with the above placement, the Company may end up paying a cash finder’s fee of $42,000 and issued of 240,000 common shares and 60,000 options to EMD Financial Inc. of Montreal Quebec. Each option will give the right to purchase one (1) common share at 14 cents for 24 months. In case of over-subscription, these amounts may increase.

SHARES FOR SERVICES PROGRAM

Further to our press release of April 15 2016, a debt of $ 28,250 was extinguished through the issuance of 370,780 common shares of the Corporation.

About Uragold

Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.

High Value Specialty Materials

In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAP™ Quartz Vaporization Reactor (QVR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.

On April 19, 2016, PyroGenesis announced that early test results of the PUREVAP™ QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAP™ QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP™ QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.

The PUREVAP™ QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.

The Science Behind PyroGenesis PUREVAP™ QVR Process Is Solid:

  • Plasma arc based process can and has transformed High Purity Quartz into Mg Si.
  • Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
  • Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.

What is unique and ground breaking is the combination of these three proven processes into one step.

A Green And Clean Company

Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP™ QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.

High Purity Quartz Properties

Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.

About Our Beauce Gold Project – Preparing To Be Spun Out To Unlock Value

The Beauce Gold Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. Comprising of a block of 37 claims 100% owned by Uragold Bay Resources, the project area hosts a six (6) km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern North America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries.

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Shares outstanding: 124,424,454

Uragold
Bernard J. Tourillon
Chairman and CEO
(514) 907-1011

Uragold
Patrick Levasseur
President and COO
(514) 262-9239
www.uragold.com

Paradox Public Relations Inc.
Carl Desjardins
(514) 341-0408