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UBR Closes Additional Financing for Work Program to Evaluate Potential of its High Purity Quartz Deposits

Posted by AGORACOM-JC at 12:10 PM on Thursday, July 16th, 2015

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  • Announced that it has closed on July 16, 2015 an additional non-brokered private placement comprised of 1,238,012 Flow-Though Units at $0.055 per Unit for gross proceeds of $68,090.66.
  • Net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec”

Montreal, Quebec / July 16 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has closed on July 16, 2015 an additional non-brokered private placement comprised of 1,238,012 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $68,090.66. The net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” and our press release on April 13, 2015 in which announced “Uragold subsidiary, Quebec Quartz, signs MOU with Dorfner Anzaplan to evaluate potential of its high purity quartz deposit.”

Each Unit is comprised of one (1) common share and a half (1/2) 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 $ 0.10 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 until November 17, 2015.

The Company paid a cash finder’s fee of $6,809.06 and issued 123,801 warrants to Dundee Capital Market. Each warrants will give the right to purchase one (1) common share at 5.5 cents for 24 months.

Patrick Levasseur, President and COO of UBR stated, “We are extremely please that the developments of Quebec Quartz’s high purity quartz projects continue attracting investors interest. Our recent announcement regarding interest from a major producer in purchasing significant tonnage of our high purity quartz and our collaboration with Anzaplan are major milestones in our quartz strategy. We have started the field work required to start determining the full potential of our industry leading quartz properties.”

About UBR- Quebec Quartz

UBR- Quebec Quartz is the largest holder of distinct 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, Exponential growth forecasted;

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.

In addition to becoming a supplier of lump quartz for silicon metal production, Quebec Quartz’s objective is to transform its High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271(514) 846-3271(514) 846-3271(514) 846-3271
www.uragold.com

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CLIENT FEATURE: (UBR:TSX-V) Leader in High Purity Quartz Exploration in Quebec

Posted by AGORACOM-JC at 2:38 PM on Tuesday, June 16th, 2015

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal are key strategic minerals
  • Applications in high-tech industries that include semiconductors, LCD displays, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Major silicon metal producer has confirmed interest in purchasing a significant tonnage of High Purity Quartz
  • Producer and Uragold are now proceeding with confidential discussions with the goal of signing a mutually beneficial commercial agreement.
  • (MOU) between its 100% owned subsidiary Quebec Quartz and Dorfner Anzaplan (Anzaplan) regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2).

 

What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • Used in the semiconductor industry to produce crucibles and quartz glass products, such as windows, rods, and tubes [Source].
  • Also used in the production of silicon metal, which is the base for the semiconductor wafers, made using the Czochralski Process[Source].
  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].
  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].
  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].
  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].
  • Allows weight reductions and a reduction in fuel consumption [Source].
  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].
  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].
  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

Acquired, through map staking, two silica claims directly adjacent to Sitec Silicium Quebec quartz mine located in the Charlevoix region of Quebec

Sitec Silicium Quebec quartz mine supplies silica for Sitec silicon metal foundry in Becancour and for the Elkem Metal Canada ferrosilicium foundry in Chicoutimi Quebec.

Quebec Quart, Uragold’s wholly owned subsidiary, intends to explore the claims for quartzite extensions to the north of the Silicium Quebec Mine. The Galette sector of the Charlevoix region is knows to hold high purity quartzites. The regional geology is comprised of a paragenesis and pink garnetiferous granite with units of discernable quartzites within the paragenesis.

 

Developing Quebec’s First Placer Gold Mine

Uragolds business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering world class gold deposits. The Company’s properties are located in Canada in the Appalachian region of the province of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks.

 

Beauce Placer Gold Project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project has all the required environmental permits to start its operations, and is in the final stage for obtaining a 20 year mining lease for a placer gold mining operation. It will be Quebec’s first placer mine in 50 years.

Developing an open pit gold mine in the Beauce

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

The Beauce Placer property and the Golden Hope Mines’ Bellechasse-Timmins (BT) Gold Deposit (which are both ‘nuggety’ type deposits) are located within Magog Group sediments. It should be noted that the Beauce gold project has a thick till in contrast to the Bellechasse-Timmins (BT) Gold Deposit where most of the till has been eroded away and exposed the outcrops. This suggests that both the Beauce and the Bellechasse/ Timmins deposits are genetically related – the Beauce being a placer deposit derived from an unknown Bellechasse/ Timmins type deposit.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

  • 38,000 meters drilled, 2010 to 2012
  • Gold Recovery:
    • Gravity separation up to 92%
    • Total gold (gravity + cyanidation) 99%
  • Less than 1% Bellechase-Belt explored
  • Located in the municipality of Saint-Magloire, in the Beauce region of Quebec
  • 1 ½ hour drive south of Quebec City
  • 3 ½ hours from Montreal
  • Accessible year round on all paved roads, close to urban infrastructures

Moe River Gold Property

The Moe River Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec.

The gold bearing gravels of the Moe river valley has attracted prospectors since the 1900. Between 1958 and 1962, Tamara Mining Limited worked in the Moe River area, under the direction of G. A. Blair, P.Eng. Blair defined a historical resource based on the volume of gravels in the terraces along the river. He concluded that there were between 45 to 48 million cubic yards of material in all of the terraces containing a total of 400,000 ounces of placer gold.

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AGORACOM Client Feature: (UBR:TSX-V) Leader in High Purity Quartz Exploration in Quebec

Posted by AGORACOM-JC at 11:31 AM on Monday, June 1st, 2015

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal are key strategic minerals
  • Applications in high-tech industries that include semiconductors, LCD displays, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Major silicon metal producer has confirmed interest in purchasing a significant tonnage of High Purity Quartz
  • (MOU) between its 100% owned subsidiary Quebec Quartz and Dorfner Anzaplan (Anzaplan) regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2).

 

What are High Purity Quartz and Silicon Metal?

High Purity Quartz

  • High Purity Quartz (HPQ) has a purity level in excess of 99.997% and is extremely rare.
  • Used in the semiconductor industry to produce crucibles and quartz glass products, such as windows, rods, and tubes [Source].
  • Also used in the production of silicon metal, which is the base for the semiconductor wafers, made using the Czochralski Process[Source].
  • High purity quartz deposits with low impurities are rare, world supplies are tightening and HPS prices are rising [Source ].
  • Demand for HPQ is growing with the high tech industry and the price for premium HPQ can vary between US$ 8,000 to US$ 25,000 or more per ton depending on the specifications needed for the final application [Source ].

Metallurgical Silicon Metal

  • Metallurgical Silicon Metal has a purity of 98.5% or higher and is used as an alloying agent in the aluminum industry due to its ability to increase the strength of aluminum [Source].
  • Adding Silicon Metal to aluminum alloys makes them strong and light [Source].
  • As a result they are increasingly used in the automotive industry to replace heavier cast iron components [Source].
  • Allows weight reductions and a reduction in fuel consumption [Source].
  • Demand for aluminium has increased 5% CAGR over the past 20 years [Source].
  • It has also been reported that the solar industry will have it’s first global panel shortage since 2006 [Source].
  • It has become one of today’s key strategic minerals with applications in high-tech industries that include semiconductors, LCD displays, fused quartz tubing, microelectronics, solar silicon applications and recently, Silicon Anode Lithium Batteries
  • Silicon Metal with 98.50% SiO2 purity sells for about US$ 3,200 per ton (or US$ 1.45 US a pound) [Source].

Martinville, Malvina and the Montpetit Quarry Silica Properties

Quebec Quartz, has successfully finish the sampling programs over the historical quartz and quartzite showings on the Montpetit Quarry, and the Martinville and Malvina Silica properties. A map of the properties can be viewed here: http://www.uragold.com/Quebec-Quartz.php.

The Montpetit Property is located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay. The Quebec-New-York border is 10 km from the property. The property is located on NTS map sheets 31H/04 (1:50,000 scale). Farms fields and forest, owned by private landowners, mostly cover the region.

A review of the historical work indicates that the quarry operated for one (1) year and that the deposit is composed of consolidated beach sand that was highly purified by segregation, sorting and leaching. Through natural Diagenesis, overtime the sand was transformed into a quartzite.

Acquired, through map staking, two silica claims directly adjacent to Sitec Silicium Quebec quartz mine located in the Charlevoix region of Quebec

Sitec Silicium Quebec quartz mine supplies silica for Sitec silicon metal foundry in Becancour and for the Elkem Metal Canada ferrosilicium foundry in Chicoutimi Quebec.

Quebec Quart, Uragold’s wholly owned subsidiary, intends to explore the claims for quartzite extensions to the north of the Silicium Quebec Mine. The Galette sector of the Charlevoix region is knows to hold high purity quartzites. The regional geology is comprised of a paragenesis and pink garnetiferous granite with units of discernable quartzites within the paragenesis.

 

Developing Quebec’s First Placer Gold Mine

Uragolds business model focuses on developing low-risk, low-cost gold mining operations while exploring on core properties that hold the potential of discovering world class gold deposits. The Company’s properties are located in Canada in the Appalachian region of the province of Quebec. The properties benefit from extensive historical exploration work and from well-established infrastructure thereby helping to reduce exploration risks.

 

Beauce Placer Gold Project is located in the municipality of Saint-Simon-les-Mines in the Beauce region of southern Quebec. The project has all the required environmental permits to start its operations, and is in the final stage for obtaining a 20 year mining lease for a placer gold mining operation. It will be Quebec’s first placer mine in 50 years.

Developing an open pit gold mine in the Beauce

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

The Beauce Placer property and the Golden Hope Mines’ Bellechasse-Timmins (BT) Gold Deposit (which are both ‘nuggety’ type deposits) are located within Magog Group sediments. It should be noted that the Beauce gold project has a thick till in contrast to the Bellechasse-Timmins (BT) Gold Deposit where most of the till has been eroded away and exposed the outcrops. This suggests that both the Beauce and the Bellechasse/ Timmins deposits are genetically related – the Beauce being a placer deposit derived from an unknown Bellechasse/ Timmins type deposit.

Moe River Gold Property

The Moe River Property is located in the southwestern part of the Quebec Appalachians in the Eastern Townships region of the Province of Quebec.

The gold bearing gravels of the Moe river valley has attracted prospectors since the 1900. Between 1958 and 1962, Tamara Mining Limited worked in the Moe River area, under the direction of G. A. Blair, P.Eng. Blair defined a historical resource based on the volume of gravels in the terraces along the river. He concluded that there were between 45 to 48 million cubic yards of material in all of the terraces containing a total of 400,000 ounces of placer gold.

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UBR Closes Financing to Start Work Program to Evaluate Potential of its High Purity Quartz Deposits

Posted by AGORACOM-JC at 1:47 PM on Tuesday, May 26th, 2015

  • Closed on May 25, 2015 a non-brokered private placement comprised of 5,209,184 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $286,505
  • Will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” 

Montreal, Quebec / May 26, 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it has closed on May 25, 2015 a non-brokered private placement comprised of 5,209,184 Flow-Though Units (“Unit”) at $0.055 per Unit for gross proceeds of $286,505. The net proceeds from the Private Placement will be used to finance the implementation of the Corporation’s go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec” and our press release on April 13, 2015 in which announced “Uragold subsidiary, Quebec Quartz, signs MOU with Dorfner Anzaplan to evaluate potential of its high purity quartz deposit.”

Each Unit is comprised of one (1) common share and a half (1/2) 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 $ 0.10 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 until September 25, 2015.

The Company paid a cash finder’s fee of $28,150 and issued of 255,909 common shares and 255,909 options to EMD Financial Inc. of Montreal Quebec. Each option will give the right to purchase one (1) common share at 5.5 cents for 24 months.

Patrick Levasseur, President and COO of UBR stated, “We are extremely please that the developments of Quebec Quartz’s high purity quartz projects is attracting investors interest. Our recent announcement regarding interest from a major producer in purchasing significant tonnage of our high purity quartz and our collaboration with Anzaplan are major milestones in our quartz strategy. We will soon be starting field work to the determine the full potential of our industry leading quartz properties.”

Other Private Placement

Uragold is also pleased to announce that it is also in the process of closing a hard cash non-brokered private placement, which is comprised of 3,800,000 units (“Unit”) at $0.05 per Unit for gross proceeds of $190,000. The net proceeds from the Private Placement will be used for general corporate expenditures.

Each Unit is 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 $ 0.07 during a period of 36 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 hard cash placement is subject to standard regulatory approvals.

About UBR- Quebec Quartz

UBR- Quebec Quartz is the largest holder of distinct High Purity Quartz properties in Quebec. Despite the abundance of quartz, very few deposits are suitable for high purity applications.

Quebec Quart’s objective is to transform its High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.

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 Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271
www.uragold.com

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US DOJ believes Silicon Metal a critical ingredient

Posted by AGORACOM-JC at 11:18 AM on Thursday, May 14th, 2015

Globe Specialty, FerroAtlantica Face Extended Scrutiny on Planned Merger

By William McConnell Follow|05/12/15 – 05:27 PM EDT

NEW YORK The Deal) —Globe Specialty Metals(GSM) faces an extended U.S. Department of Justice review of its $3.1 billion acquisition of rival Grupo FerroÁtlantica. Miami-based Globe disclosed the DOJ’s second request for information in a filing to the Securities and Exchange Commission Monday.

The combination with Madrid-based FerroÁtlantica would create the world’s largest producer of silicon metals, which are critical ingredients for making aluminum, solar panels and other products. FerroÁtlantica is wholly owned by Spain’s Grupo Villar Mir, which will own 57% of the new London-headquartered, Nasdaq-listed company after the merger, with current Globe shareholders holding 43%.

The companies said they continue to expect the transaction to close in the fourth quarter of 2015 despite the DOJ’s decision to extend the investigation beyond the initial 30-day waiting period. Regarding the antitrust investigation, the companies said in their SEC filing that they “continue working cooperatively with the DOJ as it conducts its review of the proposed business combination.”

The companies’ merger agreement contains few antitrust safeguards, indicating little concern for antitrust risk. FerroÁtlantica is not entitled to a reverse breakup fee if the deal is terminated due to failure to obtain regulatory approval. The parties are not obligated to accept divestitures or other conditions sought by regulators if such as move would cause a material adverse effect on their businesses.

Globe Specialty Chairman Alan Kestenbaum side-stepped an analyst’s question about the companies’ possible overlaps during a Feb. 23 conference call to announce the deal. “This has been analyzed and we look forward to working with the regulators and are confident that we’ll be able to get through the process successfully,” was all he would say when asked about potential competition issues raised by the merger during a Feb. 23 conference call.

Globe Specialty maintains that its business is highly competitive. According to the company’s 10-K its primary competitors in the silicon metal and silicon-based alloy markets are Elkem AS, owned by China National Bluestar Group, and FerroAtlantica. There are other significant competitors, though, according to the company, including Rima Industrial and Ligas de Alumino as well as producers in China and the former republics of the Soviet Union. The company also said it faces “continual threats from existing and new competition.”

Nevertheless, Globe Specialty characterized itself as a “highly efficient, low-cost producer” which it attributed in part to manufacturing processes that allow it to capture most of its production by-products for reuse or resale. It also has the capacity to react to changes in market demand by switching production between silicon-based alloy and silicon metal production at low cost.

The company, in its 10-K, did acknowledge that new competitors face difficulty entering the market because of a three- to five-year lead time to obtain the necessary governmental approvals followed by construction time and the need to secure supply sources for raw materials and energy. Those barriers to entry could make the DOJ skeptical that any competition lost by the merger could be replaced by new players in the market.

Source: http://www.thestreet.com/story/13149101/1/globe-specialty-ferroatlantica-face-extended-scrutiny-on-planned-merger.html

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INTERVIEW: Quebec Quartz, Signs MOU with Dorfner Anzaplan to Evaluate Potential of its High Purity Quartz Deposit

Posted by AGORACOM-JC at 10:51 AM on Thursday, April 16th, 2015

Welcome to Beyond The Press Release a production of AGORACOM in which we take the time to talk to small cap ceo’s and executives about their recent press releases. With us today is Bernard Tourillon, Chairman, CEO and Director of Uragold Bay Resources.

  • 100 % wholly owned subsidiary, Quebec Quartz, by virtue of being a first mover into this market, succeeded in becoming the largest holder of distinct High Purity Quartz properties in Quebec.
  • Quebec Quartz strategic portfolio of High Purity Quartz (+99.+% SiO2) deposits and closed silicon metal mines in Quebec represent a unique and valuable asset. Quebec’s Quartz aims to become a leading supplier of Ultra High Purity Quartz
  • Developing Quebec’s first placer mine in 50 years, the Beauce Placer Project in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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Uragold Subsidiary, Quebec Quartz, Signs MOU with Dorfner Anzaplan to Evaluate Potential of its High Purity Quartz Deposit

Posted by AGORACOM-JC at 9:49 AM on Monday, April 13th, 2015

Montreal, Quebec / April 13 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce the signing of a memorandum of understanding (MOU) between its 100% owned subsidiary Quebec Quartz and Dorfner Anzaplan (Anzaplan) of Hirschau, Germany regarding the development of property specific beneficiation processes for the production of ultra high purity quartz sands (99.99+% SiO2).

This milestone is in accordance with our go forward plan for Q1/Q2 2015 and was predicated by our press release on March 2, 2015 in which we announced “Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec”.

Patrick Levasseur, President and COO of Uragold stated, “ANZAPLAN will allow us to become a vertically integrated supplier of ultra high purity quartz sands. Along with our recent announcement about interest from a major producer in purchasing significant tonnage of our high purity quartz, our collaboration with Anzaplan represents another major milestone in our quartz strategy. We are now even more focused on determining the full potential of our industry leading quartz portfolio.”

THE IMPORTANCE OF ANZAPLAN

The leading consultancy and engineering company in high purity quartz project valuation, ANZAPLAN has a wide range of international clients in the mining, engineering, and production industries. The company’s’ renowned international reputation in the glass and ceramics industry has steadily extended into the high purity market sectors.

ANZAPLAN offers complete process development for high purity quartz, from the first characterisation of high purity quartz, through application tests up to market introduction. Besides laboratory scale equipment, ANZAPLAN provides a local test plant for the production of high purity quartz samples, which allows production of up to 1,000 kg sample quantities. At ANZAPLAN’s test plant, technical samples are produced for customer tests as well as for end-user approval.

THE ULTRA HIGH PURITY QUARTZ MARKET

Ultra High purity quartz sand has become one of today’s key strategic minerals with applications in pharmaceutical and high-tech industries, semiconductors, telecommunication, optics, microelectronics, and solar applications.

The price of ultra high purity quartz can range from $US 2,000 – $US 10,000 per ton (http://www.ssrg.com.sg/quartz/qtztech/), due to the importance of this mineral to almost every industry in the world. The size of the worldwide market specifically for the 99.99% plus purity material is estimated at 70,000 TPA.

GOAL OF QUEBEC QUARTZ TO ACHIEVE UP TO C$7,000/TON

Beneficiation of Quebec Quartz high purity quartz into refined Ultra High Purity products involves several steps, which need to be adapted to minimize the specific impurities of the individual raw quartz feed for end-use applications. As a result, Ultra High Purity Quartz with impurity levels less than 20 ppm (99.99+% SiO2) may be achieved, creating a valuable raw material that commands up to C$7,000/ton.

PURPOSE OF THE MOU

Quebec Quartz will furnish ANZAPLAN with 150 kg of sample material in the form of quartz lumps, in the following size: 120 kg in 40 – 150 mm, and 30 kg in 150-300 mm, from material to be extracted during our Spring 2015 sample program on the Roncevaux Quartz property

ANZAPLAN will complete quartz processing and beneficiation tests and elaborate on the potential for high value applications, including Ultra High Purity Quartz Sands.

About Quebec Quartz

Quebec Quartz, a 100 % wholly owned subsidiary of Uragold, is the largest holder of distinct High Purity Quartz properties in Quebec. Despite the abundance of quartz, very few deposits are suitable for high purity applications.

Our goal is to transform our High Purity Quartz into Ultra High Purity Quartz Sands to generate significantly greater profits and become a leading supplier of Ultra High Purity Quartz.

Quartz from our Roncevaux property successfully passed the rigorous testing protocol of a major silicon metal producer confirming that our material is highly suited for their silicon metal production plant.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271
www.uragold.com

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Major Producer Confirms Interest in Purchasing Significant Tonnage of High Purity Quartz From Uragold Quartz Property in Quebec

Posted by AGORACOM-JC at 8:22 AM on Monday, March 2nd, 2015

Montreal, Quebec / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR), is pleased to announce that a major silicon metal producer (“The Producer”) has confirmed their interest in purchasing a significant tonnage of High Purity Quartz from our Roncevaux property in Quebec. The Producer and Uragold are now proceeding with confidential discussions with the goal of signing a mutually beneficial commercial agreement.

SUCCESSFUL PRODUCER TESTING CONFIRMS QUARTZ PURITY

The Producer confirmed that the Quartz material from our Roncevaux property successfully passed their rigorous testing protocol, which determined that the material is highly suited for their silicon metal production plant. Uragold cannot provide any further specifics of the test results, as both the test methodology that measures the impurities in the Silica (Quartz) in PPT (parts per trillion), as well as, the thermal shock results, are proprietary to The Producer.

THIRD PARTY VALIDATION BODES WELL FOR ADVANCEMENT OF URAGOLD HIGH PURITY QUARTZ PROPERTIES

The goal of Quebec Quartz, the 100% wholly owned subsidiary of Uragold Bay Resources and the largest holder of High Purity Quartz properties in Quebec, is to become a leading supplier of Ultra High Purity Quartz. This successful producer testing and interest in purchasing significant tonnage of High Purity Quartz provides our company with important third party validation of this goal.

Patrick Levasseur, President and COO of Uragold stated, “This third party validation of the exceptional quality of the quartz at our Roncevaux property represents the successful completion of a major milestone in our quartz strategy. We are now even more focused on determining the full potential of our industry leading quartz portfolio.”

About Quebec Quartz

Uragold 100 % wholly owned subsidiary, Quebec Quartz, by virtue of being a first mover into this market, succeeded in becoming the largest holder of distinct High Purity Quartz properties in Quebec. Quebec Quartz strategic portfolio of High Purity Quartz (+99.+% SiO2) deposits and closed silicon metal mines in Quebec represent a unique and valuable asset. Quebec Quartz aims to become a leading supplier of Ultra High Purity Quartz

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

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Uragold at PDAC 2015

Posted by AGORACOM-JC at 1:30 PM on Friday, February 27th, 2015

Montreal, Quebec / February 27, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce it will be exhibiting at the PDAC 2015 (Prospectors and Developers Association of Canada convention). Uragold invites shareholders and interested investors to visit the company’s booth (No. 2943) and meet with management at the PDAC convention from Sunday, March 1, 2015, through Wednesday, March 4, 2015, at the Toronto Convention Centre.

Patrick Levasseur, President and COO of Uragold stated, “Bernard and I look forward to talk about all the exciting developments regarding Quebec Quartz and the gold projects to all interested people who come to our booth.”

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up and that could potentially generate high yield returns. Uragold will reach these goals by developing Quebec’s first paleoplacer mine in 50 years, the Beauce Placer Project and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

About Quebec Quartz

Uragold 100 % wholly owned subsidiary, Quebec Quartz, by virtue of being a first mover into this market, succeeded in becoming the largest holder of distinct High Purity Quartz properties in Quebec. Quebec Quartz strategic portfolio of High Purity Quartz (+99.+% SiO2) deposits and closed silicon metal mines in Quebec represent a unique and valuable asset. Quebec Quartz aims to become a leading supplier of Ultra High Purity Quartz

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

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Uragold Commences 3D Modeling Of Golden Hope’s Bellechasse-Timmins Gold Deposit

Posted by AGORACOM-JC at 9:39 AM on Wednesday, February 25th, 2015

Montreal, Quebec / February 25 2015 – Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to provide its shareholders and stakeholders an update regarding its ongoing work program on its option with Golden Hope on the Bellechase-Timminnins (“BT”) gold deposit, located near Saint-Magloire in the Beauce region of Southeastern Quebec.

To complete its goal of acquiring all of the required permits needed to do a rolling start open pit operation on the BT gold deposit, Uragold had to first compile all available data in order to complete a new NI 43-101 resource estimate. Regulatory rules dictate that Uragold must treat all information from Golden Hope’s NI 43-101 technical report published in June 2012 as historical information until such time that Uragold’s technical team has independently validated the data.

In order to complete this, Uragold needed to build a completely new 3D geological model for the T1 and T2 surface zones of BT, to be then able to develop its own independent assay grade shells.

Uragold has acquired a license for the Leapfrog 3D Modeling package. The 3D Model created by the company’s technical team will allow Uragold to evaluate new gold grade shells. Uragold is also planning a re-sampling/assay program to validate all historical data for a new NI 43-101 resource estimate on the T1 and T2 Zones.

Once completed, Uragold can move forward with the creation of a Feasibility Study, as required by the new Mining Act, and to finalize the permitting process for a rolling start open pit gold mining operation.


Click Image To View Full Size

Figure 1. This figure shows the drill holes entered into the initial database with associated gold values. The dark surface is the underside of the topography and the associated pink haze is created by the borehole number/ nametags. The view is northeast looking slightly upward through the borehole cluster. The closest cluster of holes is the T1 diorite. Maximum depth of the boreholes is around 600 metres.

The database still requires the addition of several sets of borehole data; surface trenching data (the trench data is currently being added), and potentially other data not yet identified.

As can be seen from Figure 1, there are numerous boreholes (to the left of centre) that are grey coloured. These are known boreholes from a previous drill campaign by Osisko (2003-04), for which no assay data is available nor has it been added to the database (not sampled/ not assayed/ etc.). The assay colouring scale is arbitrary but warm colours (red/ yellow/ orange) are higher gold grades than cooler colours (green/ blue). Considerable trench data is available and will be added.

Figure 2 shows what the model looks like when the interpretive lithology data is utilized. At the time of core logging, Golden Hope’s staff identified numerous gold hosting diorite types and categorized these individual units into named types. This version of the Leapfrog model has constructed “shells” that incorporate most of each named subset of diorite.


Click Image To View Full Size

Figure 2. This diagram shows the Timmins1 body (T1 – left hand body); the Timmins2 (T2 – red/ brown body); the Timmins5 body (T5 – yellow body); the Ascot body (green-blue at the back); and the Z88 body (dark blue right foreground). The view is looking downward onto the bodies very slightly east of north.

The shape of these bodies is very dependent on the initial logging and the reader is reminded again that this is a preliminary model. However the vertical nature of the diorite bodies and their tendency to parallel the regional stratigraphy and strike (northeast and close to vertical) is very apparent. This is particularly well seen in Figure 3.


Click Image To View Full Size

Figure 3. This image shows the BT diorite bodies from overhead. In this image it becomes very clear that the regional strike and dip (northeast and close to vertical) had a very strong controlling influence on the development of the dioritic bodies. It is very apparent that they intruded at a stage when the surrounding sediments were still relatively easily deformed and yet dominantly in a vertical position.

The Leapfrog package can also be used to develop assay grade shells.


Click Image To View Full Size

Figure 4 is generated on an arbitrary grade shell that was used to test the modelling data. This Figure shows the T1 (red) and T2 grade shells. These are preliminary and the shape will almost certainly change in later versions.

By using the Leapfrog software to develop a new block model, it should be possible to generate updated resource figures and grades. The block model uses several control parameters that still need to be determined as part of the modelling program.

Patrick Levasseur, President and COO of Uragold stated, “Golden Hope has done a tremendous job in demonstrating the gold potential at Bellechase-Timmins. We are excited to further develop these resources. We look forward to confirming the potential with an updated gold resource estimate.”

Mr. Vivian Stuart-Williams, SACNASPS, working under Special Authorization #308 of the Quebec Order of Geologist, is an Independent Qualified Person as defined by National Instrument 43-101 that supervised the preparation of the information in this news release.

All the information on exploration potential herewithin 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.

About Golden Hope Mines Option

In April 2014, Uragold singed a definitive option agreement with Golden Hope Mines (“GNH”) concerning the advancement of the Bellechasse-Timmins (BT) Gold Deposit into a producing mine.

In August 2012, GNH published a resource estimate of an indicated resource of 313,900 ounces gold (2.9 million tonnes grading 3.36 g/t Au) and an inferred resource of 102,000 ounces gold (2.17 million tonnes grading 1.46 g/t Au) using a cut-off grade of 0.60 g/t. Furthermore, GNH’s many bulk-sampling campaigns revealed extensive areas of surface mineralization averaging approximately 3 g/t Au. Notable were sampled areas averaging up to 10 g/t Au (Trench 09A).

With its Beauce Placer project, Uragold intends to develop a (600 MT/day) surface gold mining operation on the B-T property. Developing in parallel the B-T property and the Beauce Placer property will benefit both companies by providing greater geological and operational synergies such as cost savings.

Under the terms of the Option Agreement, Uragold will be responsible for obtaining all required permits, approvals, and documentation associated with going into production, in return for a 30% interest in the property. Uragold will then have 120 days to obtain project financing, which, if successful, will earn it a further 20% interest, giving Uragold a 50% interest in the B-T deposit. The companies will then form a Joint Venture (JV) for the operation of the mine, with Uragold serving as operator. GNH will have a carried interest into production, and will receive a 50% Net Proceeds Royalty (“NPR”) on the gold produced.

Other Corporate developments:

Uragold (Quebec Quartz) is expanding its holdings over the Martinville silica property to 12 claims, with the purchase from a private vendor of 8 adjacent claims. As consideration for the transaction and subject to regulatory approval, the Corporation will be acquiring 100% of the 8 claims that will constitute the New Martinville silica property through the issuance of 400,000 units. Each Unit is 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 $ 0.07 during a period of 36 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.

About Uragold Bay Resources Inc.

Uragold Bay Resources is a TSX-V listed Gold and High Purity Quartz exploration junior focused on generating free cash flow from mining operations. Our business model is centered on developing mining projects suited for smaller-scale start-up, (Capex < C$10M), that will generate high yield returns (IRR > 50%). Uragold will reach these goals by developing Quebec’s first placer mine in 50 years, the Beauce Placer Project developing and, in partnership with Golden Hope Mines, the Bellechasse-Timmins Gold Deposit.

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.

For further information contact

Bernard J. Tourillon, Chairman and CEO
Patrick Levasseur, President and COO

Tel: (514) 846-3271

www.uragold.com

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