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CLIENT FEATURE: Stria Lithium (SRA: TSX-V) Powering The Green Revolution

Posted by AGORACOM-JC at 4:04 PM on Tuesday, January 27th, 2015

SRA: TSX-V

Why Stria Lithium?

  • A Mining TECHNOLOGY Company
  • No Expensive Drill Programs, No Expensive CapEx
  • Lithium Processing Technology Will Be Used By Lithium Producers
  • Aiming to become one of the lowest cost producers in the world for battery- grade technology lithium — critical for high-technology green energy industries.
  • Stria’s strategic, cost-effective exploration substantially reduces the risks and expenditures of exploration by focusing on deposits that are readily available to advance.
  • lithium market remains robust with tremendous upside potential versus other metals.

 

A New Source, a new process for technology lithium

Several foreign nations are already stockpiling materials critical to the emerging green technology economy, which means a reliable North American supply of high quality lithium-based products has never been more urgent. Stria believes Canada has a key role to play in the green tech economy, and plan to be a part of it by carving out a supply and technology niche in the critical and strategic metals world.

Proprietary Processing Technologies

  • Following completion of positive bench scale testing of its proprietary, environmentally sustainable lithium ore processing technologies, the Company has moved into the design stage for its limited production pilot plant.
  • Pilot plant will be designed to produce up to 140 kg per month of lithium compound over a six month period, commencing in early 2015, with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.

Pontax-Lithium property …

Stria holds 100 per cent ownership of the Pontax-Lithium property located in the west-central James Bay territory in northern Quebec.

The property, which Stria acquired from Khalkos Exploration Inc. in 2013, is host to a recently discovered swarm of a dozen spodumene-bearing (a lithium mineral) pegmatite dikes, each one metre to 10 metres in thickness, plus a series of small centimetre-thick dikelets.

The lithium-bearing dikes outcrop over an area of 450 metres by 100 metres (for more information, click here to view the NI-43-101 Technical Report (Girard,2013) on the Pontax-Lithium Property).

Close-up view of Pontax’s spodumene-bearing pegmatite. The light grey spodumene is idiomorphic and lath-shaped. The intergranular grey mineral is quartz.


Willcox Lithium / Arizona

Stria holds 100 per cent ownership of the Willcox Lithium project, located in Cochise County, Arizona. Acquired through the purchase of Pueblo Lithium LLC from AGR-O Phosphate Inc. in 2014, the property is comprised of 61 lode mining claims.

The purpose of the 2014 Willcox drilling program is to confirm historic exploration results and to test groundwater samples for use in Stria’s proprietary membrane processing technologies now under development. This technology will allow Stria to recover lithium from brine type deposits without the need of large scale evaporation ponds and their associated environmental impacts.

Additional Encouraging Results from the Julie Nickel-Copper Discovery; 1.82% Nickel Over 11.64 Metres Channel Intersection

Posted by AGORACOM-JC at 3:15 PM on Monday, January 26th, 2015

Baie-Comeau, Quebec / January 26, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announce today that a new series of results increased the size and grades of the previously reported mineralized T1 Zone, as well as additional positive results from the T2 Zone from its wholly owned Julie Nickel-Copper project on the Quebec North Shore.

Results from T1 Zone

The initial discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters was reported on December 29, 2014. New results from the Channel #1 on the T1 Zone extend the length of the intersection an additional 3.15 meters grading 2.14% Nickel, 0.33% Copper and 0.04% Cobalt. These compiled results are highlighted in the table below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Channel 1Including new result

Including already reported*

08.490 11.6411.64

8.49

11.643.15

1.71

1.822.14

0.27

0.290.33

0.27

0.040.04

0.03

* Reported channel sections are not true widths there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel cut was located at N49? 57.463′ W69? 27.045′

Zone T1 is an area measuring 70 metres by 56 metres. The ultramafic intrusive suite that hosts the new discovery can be traced along a magnetic conductor identified in 2011, which runs for approximately 13 kilometres in a WSW to ENE trend.

Results from T2 Zone

The T2 Zone is a surface mineralized zone measuring 52 metres by 18 metres. This zone is located 116 metres away from the initial discovery of “T1″ on an East-North-East trend. It is categorized by a series of small gossans within a larger zone of mafic and ultramafic rocks at or near surface.

When added to the T1 Zone already identified it covers a total strike length of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery.

The table below outlines the results from an 18.68 metre channel sample taken sub-parallel the mineralized body at surface and starts approximately 171 meters away from the end of the channel #1 on T1 zone:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 3Including

Including

09.339.33 18.6818.68

13.62

18.689.35

4.29

1.101.45

1.56

0.230.28

0.28

0.030.03

0.03

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel sample was located at N49? 57.515′ W69? 26.910′

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the Company’s geological staff and reviewed the available analytical and quality control results.

Channel cuts samples and drill core samples were transported in sealed bags from Baie-Comeau to a warehouse facility in Montreal. There they have been opened, washed, photographed again, logged, resealed and transported to Agat Laboratories in Dorval, Quebec. Agat Laboratories transported the samples to their analytical facilities in Mississauga, Ontario. Base metal analyses were initially obtained via ICP-AES Aqua Regia and 4 Acid digestions. The two digestion methods show good correlation. Nickel values in excess of 10,000 ppm were reanalyzed using a sodium peroxide fusion followed by ICP-AES finish.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Billings,

Mark Billings, Chairman

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

CLIENT FEATURE: (GGI: TSX-V) Attractive Share Structure, Strong News flow of out BC and Mexico

Posted by AGORACOM-JC at 4:47 PM on Tuesday, January 20th, 2015

WHY GARIBALDI RESOURCES CORP?

  • Attractive share structure
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

12 Month Stock Chart


Stria Lithium Updates Its Novel, Environmentally Sustainable Lithium Processing Technologies

Posted by AGORACOM-JC at 4:50 PM on Monday, January 19th, 2015

OTTAWA, ONTARIO–(Jan. 19, 2015) - Stria Lithium Inc. (TXS VENTURE:SRA) (“Stria” or the “Company”) is pleased to report the following update on its proprietary, environmentally sustainable lithium ore processing technologies and the extension of its non-brokered private placement until February 2nd.

Market Outlook

The Energy Storage sector is growing substantially faster than the Electrical Vehicle (EV) battery sector. According to Industrial Minerals, a reliable global source of mineral data, commercial energy storage applications using lithium-ion phosphate batteries has become a multi-billion industry.

Industrial scale energy storage for regional energy storage installations in California, Hawaii and Bolivia, complement the corporate electrical storage requirements of EV pioneer Tesla, for example, for use in its trans-American charging network.

While lithium markets have held their price values in a soft commodities market during the last 18 months, lithium juniors face other challenges in securing a toehold into the lithium space.

In his year-end 2014 market outlook, analyst Chris Berry stated:

“Lithium production is an oligopoly. Despite the strong growth rates in lithium demand (estimated at 8% per year), oligopolies do not welcome competition and therefore if you’re a company aspiring to join the ranks of producers, you need some sort of a competitive advantage or strategic relationship which allows you the possibility of achieving the lowest cost of production. The growth rate in demand is key.”

Stria Lithium’s business advantage is built through its strategic clean energy alliance with Focus Graphite Inc., and Grafoid Inc.

Industrial Minerals, reported that despite real or perceived barriers, “… new sources of raw material are likely to be needed to prevent price inflation as demand from the battery sector grows.”

Mineral markets expert Simon Moores, in his January 15, 2015 commentary in Benchmark Notes, admonishes investors to consider the impact rapid growth in lithium demand had on the smartphone industry:

“The smartphone uptake took the battery supply chain by surprise. Such was its unprecedented nature, leading lithium suppliers of the key battery raw material continually underestimated the speed of growth in demand which ranged from 8-12% each year in that period. Lithium saw a supply squeeze and its price spike three-fold between 2004 and 2009 as a result.

And with EVs and utilities, the batteries are bigger… much bigger. For supply chain disruption, EV sales would not need to be in the billions or millions, global annual sales of over 200,000 would force significant change.”

Stria’s novel technology, is designed to produce low-cost and high purity lithium directly from spodumene lithium ore.

Stria is currently at the design stage of its pilot plant and has engaged an external, third party engineering firm to validate and audit its proprietary process. The pilot plant will be designed to produce up to 140 kg per month of lithium compound over a minimum six months with the aim of providing potential customers with sufficient 99.99% purity materials for validating process economics and product quality.

Non-Brokered Private Placement

The Company is pleased to announce its private placement offering of non flow-through and flow-through units will remain open until February 2nd, 2015.

On October 30, 2014, Stria Lithium announced the close of its first tranche of a non-brokered private placement offering of up to $1,000,000.

The total private placement consisted of the sale of up to 2,666,667 non flow-through units (the “Units”) at a price of $0.15 per Unit for gross proceeds of $400,000 and up to 3,157,895 flow-through units (the “Flow-Through Units”) at a price of $0.19 per Flow-Through Unit for proceeds of up to $600,000.

Each Unit consists of one (1) common share of the Company and one (1) warrant (a “Warrant”). Each Flow-Through Unit consists of one (1) flow-through common share of the Company and one (1) Warrant. Each Warrant entitles the holder to acquire one (1) additional common share of the Company at a price of $0.35 for a period of 24 months from closing.

The closing of the first tranche of the non flow-through portion of the Offering realized gross proceeds of $26,650.05 from the issue of 177,667 Units. The closing of the first tranche of the flow-through portion of the Offering realized proceeds of $154,770.20 from the issue of 814,580 Flow-Through Units.

About Stria Lithium Inc.

Stria Lithium (TSX VENTURE:SRA) owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona, that are currently at the exploration stage. They host no mineral resources or reserves.

As announced in January 2014, Stria’s core business is the development of proprietary, in-house processing technologies. Stria’s technologies, based on recovering lithium metal directly from ore and from brine liquids, will be more efficient, will require fewer controls, less chemistry and require less energy from compact facilities designed to enable easy automation.

Qualified Person: This news release has been reviewed and approved by Mr. Julien Davy, P.Geo., M.Sc., MBA, President and COO of Stria and a Qualified Person under NI 43-101 Guidelines.

Forward Looking Statement – Disclaimer

This news release may contain forward-looking statements, being statements which are not historical facts, and discussions of future plans and objectives. There can be no assurance that such statements will prove accurate. Such statements are necessarily based upon a number of estimates and assumptions that are subject to numerous risks and uncertainties that could cause actual results and future events to differ materially from those anticipated or projected. Important factors that could cause actual results to differ materially from the Company’s expectations are in our documents filed from time to time with the TSX Venture Exchange and provincial securities regulators, most of which are available at www.sedar.com.

Stria Lithium Inc.
Mr. Julien Davy
President and COO
jdavy@strialithium.com

Continuity of Nickel-Copper System Extended for 584 Meters on Julie Nickel Discovery on the Quebec North-Shore

Posted by AGORACOM-JC at 12:54 PM on Tuesday, January 13th, 2015

  • New batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters.
  • Best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Baie-Comeau, Quebec / January 13, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) is pleased to announced today that a new batch of results has extended the total strike of the Nickel-Copper occurrences on the Julie-Nickel Discovery to a length of 584 meters. The best result from the portable drill samples yielded 1.17% Nickel at approximately 211 meters away from a previous discovery on the T1 Zone which yielded 1.71% Nickel over 8.49 meters

Results Warrant Acceleration of Plans for Julie Nickel Discovery

“We are very encouraged by these new additional results coming out of the Julie-Nickel Project. The fact that these latest results were achieved over 200 metres away from a previous discovery makes us optimistic for the future of this early stage project. As such, we have accelerated our plan and expect to bring this discovery to drill ready stage before the summer of 2015.” Commented Frank Dumas, President & CEO of the Company.

“This acceleration is further supported by the expectation that nickel prices could move dramatically higher over the next two years as a cyclical recovery takes hold in the base metal sector, according to a recent report from Scotiabank” Dumas went on to say.

Joel Scodnick, P.Geo., Vice-President Exploration of St-Georges commented: “(…) no matter how you look at this mineralized corridor, there’s a 13km long magnetic anomaly that appears to be spatially associated with the Julie showing and all the other showings along strike of the Julie showing as mentioned in the press release. This structure is further evidence of a fairly extensive and pervasive plumbing system responsible for the concentrations of nickel discovered so far. Based on the surface work conducted and very shallow drilling using a man-held portable drill it is imperative at this point that St George’s establish a detailed grid in preparation for a diamond drilling campaign. If it can be established that the nickel sulphide enrichment is present at depth and along strike then a deposit of significance could be present, especially given the fact that the structure is so long and most like deep-rooted.”

Results Summary

T2 Zone

A surface mineralized zone of 52 meters by 18 meters referred to as “T2″ has been identified. This zone is located 116 meters away from the initial discovery of “T1″ on an East-North-East trend. It is categorized by a series of small gossans within a larger zone of mafic and ultramafic rocks at or near surface.

When added to the T1 Zone already identified (See Press Release, December 29, 2014) it covers a total of 238 meters of mineralisation and coincides with the ultramafic intrusive suite which hosts the new discovery which has been identified by geophysical data obtained by St-Georges in 2011 where a 13 kilometres magnetic conductor on a WSW to ENE trend was discovered.

The table below outline the results from a 2.88 meter channel sample taken in parallel with the mineralized body at surface:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 6 0 2.88 2.88 0.828 0.135 0.025

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel sample was located at N49? 57.517′ W69? 26.911′

Results from a man-held portable drill hole are also available. The hole was drilled vertically from surface to a shallow depth of 0.40 meters and was assayed as a whole. The drill hole was located at N49? 57.513′ W69? 26.911′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Hole #2 0 0.40 0.40 1.17 0.132 0.0269

Other results from Channel cuts yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 4 0 1.64 1.64 0.571 0.116 0.0148

This channel is located on the outskirt of the mineralized body and in parallel with it at N49? 57.518′ W69? 26.906.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T2 Channel 7 0 2.16 2.16 0.157 0.0351 <0.001

This channel sample is located outside of the mineralised body at N49?57.518′ W69? 26.905′

* Reported channel sample sections are not true widths. An apparent surface width of 8 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

T3 ZONE

The T3 exploration target zone is a surface mineralized zone measuring 58 meters by 8 meters located 159 meters to the South-East of the eastern limits of the T2 Zone. This zone seems to be trending from a North-South to East-South-East axis. Its north-western section encompasses the southern boundaries of the previously identified magnetic conductor on the Julie Project. When added to the T1 and T2 Zones already identified it covers a total 455 meters which is mineralized at or near surface.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Channel 3 0.82* 2.76 1.93 0.39 0.108 0.012
including 2.21 2.76 0.55 0.47 0.0914 0.013

*The interval 0-82 cm is still being analysed at the time of this press release. Location of the channel is N49? 57.566′ W69? 26.774′

* Reported channel sample sections are not true widths. An apparent surface width of 6 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

A 3.38 meters channel located on the southern limit of Zone T3 yielded 8.8 g/t of Silver and 0.03% Zinc with 0.175% Copper.

Manheld portable drill hole drilled vertically from surface in the mineralized body within the North-Western section of zone T3 yielded the results below:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T3 Hole #1 0 0.42 0.42 0.453 0.068 0.011

Location is N49?57.566′ W69? 26.769′

T4 ZONE

This surface mineralized zone is located 98 meters to the East of the T3 Zone South-Eastern boundary and covers 31 meters x 8 meters. This zone is just south and the magnetic conductor.

A man-held portable drill hole yielded this result:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T4 Hole #1 0 0.26 0.26 0.968 0.048 2.2

Location is N49? 57.604′ W69? 26.659′

T9 ZONE

The T9 Exploration Target is a zone that runs on a West-East axis located approximately 740 meters directly to the north of the Zone T4 boundary and 1.07 km to the East-North-East of Zone T1. The surface mineralization cover 142 meters x 21 meters and it is characterized by a large gossan zone. The gossan is hosted by mafic and ultramafic rocks in contact with a Gneissic unit. This zone is several hundred meters outside of the magnetic conductor identified and lies in a magnetic low area of the property.

Initial partial results from this zone confirmed the presence of Copper and yield these results:

From To Interval* Zinc Copper Silver
(Metres) (Metres) (Metres) (%) (%) g/t
T9 Channel 3 0 1.20 1.20 0.04 0.194 9.3

Location is N49? 58.051′ W69? 26.635′

Quality Control

Mr. Joel Scodnick (P.Geo.), Vice-President Exploration of the Company, is the non-independent qualified person for the technical disclosure contained in this news release. Mr. Scodnick has supervised the work programs on the Julie Project, examined the samples summarized in this release, discussed, reviewed the results with the company’s geological staff and reviewed the available analytical and quality control results.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas,

Frank Dumas, President & CEO

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Quebec Quartz Assay Results for Martinville Surpass Expectations, Validated as Suitable for Silicon Metal and High Purity Quartz Applications

Posted by AGORACOM-JC at 12:45 PM on Tuesday, January 13th, 2015

Montreal, Quebec / January 13, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has received assay results for samples taken on the Martinville Quartz (Silica) property located in Clifton county in the Eastern Townships region of Quebec.

The corrected SiO2 average for the 7 samples assayed is 99.63%, ranging from 99.42% to 99.82%. These results validate the fact that the quartz material from the Martinville Property would make suitable feedstock for Silicon Metal production and applications requiring high purity quartz.

Patrick Levasseur, President and COO of Uragold stated, “We are extremely happy with these results. They have surpassed our initial expectations and validated our decision to focus on our Martinville property since quartz mined from the region back in the 80’s was used for silicon metal production. Furthermore, the property is situated within 100 Km from a deep-sea harbour that can handle bulk shipments for worldwide exports, less then 500 Km from the future FerroAtlantica Port Cartier Silicon Metal production facilities and less then 100 Km from Globe Specialty Metals Becancour silicon metal production facilities.”

In 1995, a geophysical survey resulted in an exploration potential estimated at over 1,000,000 tons of SiO2 using the 200 m surface length of the quartz vein, with an average width of between 2 m and 23 m and assuming a continuation up to 30 M of depth. (GM53696: Pierre Vincent, Constellar Geosciences. 1995.).

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.

IMPORTANCE OF QUARTZ (SILICA)

Quartz (SiO2) is one of the most abundant minerals. It occurs in many different settings and in many different rock types. However, High Purity Quartz deposits with low impurities are rare and only a few deposits are suitable in volume, quality and amenability to be tailored to refining methods for specialty high purity applications.

High Purity Quartz (HPQ), and Silicon Metal is used in large part in the aluminum industry while Ultra High Purity Quartz (UHPQ) 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.

GO FORWARD PLAN:

The Corporation intends to advance the development of the Martinville project by completing the following steps during Q1 & Q2 2015:

  1. 1.Send material to specialized laboratories to find the best beneficiation process to transform the Martinville Quartz material into Ultra High Purity Quartz for advanced material and pharmaceutical applications.

High Purity Quartz beneficiated to 99.998% Si02 can command prices up to
US$ 6,000/T (Source: Dorfner Anzaplan). The Corporation intends to focus its interest on this segment of the market.

Run of mine quartz for Silicon Metal usage commands sale prices averaging between US$ 100/T to US$ 250/T.

  1. 2.Send quartz samples to Silicon Metal and other material buyers.

The chemistry of the Martinville quartz material meets end-user requirements for Silicon Metal production. Multiple end-users that have demonstrated interest in our projects are now requesting samples for thermal tests.

  1. 3.Evaluating the Property Potential.

The exploration potential of over 1,000,000 tons of SiO2 estimated in 1995 needs to be confirmed, map and measured to 43-101 standards.

PARTIAL TABLE OF RESULTS:

Report Number: A14-09140
Analyte Symbol SiO2 Al2O3 Fe2O3(T) LOI Total SiO2
Unit Symbol % % % % %
Detection Limit 0.01 0.01 0.01 0.01 0.01
Analysis Method FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF ADJUSTED
41755 98.13 0.30 0.01 0.15 98.60 99.52%
41755-B 100.05 0.25 0.01 0.14 100.50 99.55%
41756 99.16 0.34 0.01 0.19 99.74 99.42%
41757 98.47 0.14 0.01 0.16 98.80 99.67%
41760 99.80 0.09 0.03 0.11 100.10 99.70%
41761 99.10 0.04 0.01 0.11 99.28 99.82%
41762 98.25 0.13 0.01 0.13 98.53 99.72%
AVERAGE 98.99 0.18 0.01 0.14 99.36 99.63%

The total exploration area of the Martinville deposit is 2.42 Km2. The deposit consists of hydrothermal quartz veins encased in schist’s. In order to have a good sampling spread, 7 samples were taken at different zones of the quartz vein outcrop.

Assay results confirm that the material is low to very low in all the major contaminants: Al2O3 average: 0.18%, range from <0.04% to 0.34%, Fe2O3 average: 0.01%, range from 0.01% to 0.03%, Co3O4 all samples <0.005%, CuO all samples <0.005%, MnO all samples <0.001%, NiO 6 samples <0.003%, one sample 0.008%, MgO all samples <0.01%, CaO 18 samples <0.01%, Na2O all samples <0.01%, K2O 5 samples <0.01%, the other 0.01% and 0.02%, TiO2 6 samples <0.01%, the other 0.01%, P2O5 average: 0.01%, range from 0.01% to 0.02%, Cr2O3 all samples <0.01%, V2O5 all samples <0.003%.

The material was first sent to the INRS (Institut National de la Recherche Scientifique) laboratory in Quebec City to be prepared for testing for Silica values. 7 prepared samples were sent to the Activation Laboratories in Ancaster, Ontario for whole rock and trace elements assay (FUS X-Ray Fluorescence (“XRF”)).

The average loss in ignition (“LOI”) (material and moisture burned off during the assays) for the 7 samples is 0.14% (ranging between 0.11% and 0.19%). This suggest that a certain percentage of the alkali metals are present as a carbonate molecule, and with an average laboratory total of 99.36% (ranging between 98.53 % and 100.5%), a correction for the loss of carbonate is required in order to present the actual SiO2 grade of the samples.


Click Image To View Full Size

Picture 1: Field sample from the Martinville Property


Click Image To View Full Size

Picture 2: Quartz vein outcrop at the Martinville Property. # 41757 Si02 99.66%, # 41756 Si02 99.42%, # 41755 Si02 99.55%,

Mr. Robert Gagnon, P. Geo, is a Qualified Person as defined by National Instrument 43-101, 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 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, (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/Quebec-Quartz.php

Liberty Star’s Porphyry Copper-Gold-Moly Hay Mountain Project: 2014 Summary of Activity & 2015 Management Discussion

Posted by AGORACOM-JC at 9:38 AM on Monday, January 12th, 2015

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to update shareholders and interested parties regarding the Company’s 2014 activities, including progress toward obtaining approval of its Plan of Operation for the Hay Mountain Project (“Hay Mountain”) in southeast Arizona’s Cochise County within the historic Tombstone mining district. More topics of discussion include CEO/Chief Geologist James A. Briscoe’s travel plans for the 1st quarter of 2015 to the Middle East, Hong Kong and Manila to secure funding for Phase 1 exploratory drilling at Hay Mountain and other more long range planning.

The Last 12 Months:

1.

Planning and Geoscientific Interpretation:

This period was primarily occupied with planning and permitting of Hay Mountain. This included conceptualizing and creating a plan for an aggressive drill program which would result in a strongly compressed time line to test and drill out what our evidence suggests is a large porphyry copper-moly precious metal system with a footprint large enough to contain a very large mineral body. Our goals are to drill out this body within a span of 4 years and to bring it into production within 7 years of the start of drilling. This is a very tall order, because the average time to bring an orebody into production now in the USA is 15 years. We have brought to bear a lot of computerized data gathering that we have used in other projects in order to reduce time to a minimum and lower costs. We refined this detailed computerized exploration plan and created a budget, using Microsoft Project® including 5,000 line items (resources) are scheduled and costed on a simple but effective computer Gantt Chart, that will allow us to keep track on a daily basis of projected cost vs actual cost and predict daily time- to- completion of our objectives would be as the project progresses. Many operations, permitting procedures and community outreach will proceed simultaneously with the exploration and mine development procedures. The reason for this attention to timing was the result of information gleaned from our visit to India and later China. In consultation with industry-leading drilling experts, and other specialists including our permanent staff and Technical Board of Advisors, it has resulted in one of the most innovative plans using various time and expense saving procedures throughout the exploration program that have resulted in a very low “all-in” cost per foot of drilling. We believe we can meet these timing expectations.

2.

Permitting

a.

Approval by the Arizona State Land Department (ASLD) of the Company’s Plan of Operation (the “Plan”) is required to conduct exploratory drilling at the first Hay Mountain target, which is located primarily on State Land. The Plan of Operation was submitted to the ASLD in August with a proposed period of operation of one year beginning September 29, 2014 (NR 187). Liberty Star has so far answered all questions and comments from the ASLD and expects final acceptance of its Plan within the next 20 to 60 days or so (given expected delays around the holiday season). Upon approval, Liberty Star’s drilling contractor will obtain drilling permits from the Arizona Department of Water Resources (ADWR) which takes very little time to process. Once those permits are in hand, and appropriate funding is in place, Phase 1 drilling can begin at Hay Mountain.

b.

Approval by the US Bureau of Land Management (BLM) we also need drilling permits on the relatively small amount of Federal Lode Mining Claims making up some of our land package. These permits are not as time-critical as the ASLD permits, but it is our objective to obtain these in the first quarter, 2015.

3.

Altered and Mineralized Outcrops Discovered The only geologic map of sufficient detail covering the Hay Mountain area published in 1956 (James Gilluly, General Geology of central Cochise County, AZ, USGS Professional Paper 281, 169 pages) was prepared during the late 1930s and 40s appears to be of excellent quality considering its small scale. However, more detailed surface mapping in concert with new very high resolution natural color space imagery reveal previously unmapped outcrops with occasional specks of green copper oxide, and suspected black copper oxide, along with silica and carbonate veining similar to that adjacent to the Copper Queen Mine in limestones at Bisbee about 15 miles to the south. This recognition is important, and we believe with further work it will be expanded to reveal more outcrop. This suggests the following:

a.

The depth to mineralization may be much shallower at least in some areas than had been previously supposed; giving strength to the possibility that a mineral body amenable to open pit mining at relatively shallow depth may be present.

b.

The presence of oxide copper at the surface suggests there may be a near surface mineral body of oxide copper that could be recovered by heap leaching or in situ leaching, either one or both recovered by solvent extraction – electrowinning. This method of copper or gold /silver mining where the metallurgy is optimum, is the least costly to perform and requires minimal plant infrastructure and hence lower capital requirements for startup. Several such projects nearby either have been in production, are in production or are in testing and feasibility for production. These include:

• Bisbee – Copper and uranium – past

• Bisbee – the Cochise ore body – future

• Tombstone – silver and gold – past

• Safford – copper – production now

• Rosemont – copper – under consideration

• Johnson Camp, Texas Canyon, AZ –open pit heap leach copper -dormant

• I-10, Gunnison Hills, Excelsior, Texas Canyon, AZ -copper – in situ- in pre-feasibility studies.

Discovery of such a leachable ore body, similar those enumerated above, could result in a very fast tracked production facility producing wire grade copper which would be marketed as (or before) it was produced, creating an almost immediate positive cash flow from this production

c. Drilling would continue to define:
i. An expected sulfide enrichment mineral body or skarn limestone hosted body or both which might be mined by open pit: examples – Bisbee, Silverbell & Mission-Pima, Arizona, USA
ii. A deep seated high volume underground mineral body that would be mined via shafts, and appropriate underground methods examples – Bingham Canyon, Utah, USA, Grasberg, Papua Province, New Guinea
d.

If such mineral bodies as in a, b and c, above were to be defined and if they were to be projected by standard engineering studies to be profitable, by standard mining methods, mine and mill construction would be undertaken and large scale production would ensue.

e. Such developments as noted in a, b, and c above would be preceded by Bankable Feasibility Studies and funding could then become available through bank consortia or other typical sources.
4.

New Targets Identified in the Last Two Months Over the last two months, additional redrafting, clarification and reinterpretation of the geoscientific data over the Hay Mountain area now defined as the “Area of Mutual Interest (AMI)” covering approximately 42 sq. miles (109 sq. km), and including previously identified anomalies, have been undertaken. Other anomalies of potential importance have been identified. This is not a reprocessing of the metadata received from the Geotech ZTEM metadata, or their Professional scientific interpretation of that data in their Professional Report on the survey, but simply a clarification and reinterpretation based on that clarification.

a.

These targets will be incorporated into an updated business plan that is currently being drafted with the intent of making future proposals more financially rewarding, and thus more attractive to venture partners.

b. When these plans are finalized and vetted by specialists, they will be incorporated into our proposals for funding.
5.

ASLD Permits In addition to approval of its Plan by the ASLD, Liberty Star needs to fund Phase 1’s newly planned expenditure of $9 million that will incorporate proportional funding for preliminary exploration of the additional targets mentioned in 4, above.

6.

Recent Tours of the Hay Mountain Project There are increasingly more parties interested in the Hay Mountain Project. Mr. Briscoe and our arm’s length skarn porphyry copper expert consultant have conducted several tours of the Hay Mountain Project area and other sites of importance to the understanding of Hay Mountain, in southeast Arizona, with potential funders. These other sites of importance draw a close comparison to existing porphyry copper deposits with Hay Mountain.

7.

We expect to conduct as many as two more of these site visits and accompanying tours before traveling to the Middle East, Hong Kong and Manila, (Philippines) as previously announced in September (NR 188) and in this update. Naru Capital – naseba (“Naru”) will sponsor a Middle East (Saudi Arabia, Oman, Dubai) roadshow specifically designed to match Liberty Star’s funding expectations with the appropriate pool of prequalified potential funders. Their plan is to continue the roadshow in Hong Kong. Briscoe then intends to visit Manila, Philippines in response to specific expressions of interest from potential investors in that mining country; a representative of the group (a mining engineer and large Liberty Star share holder) has taken a field trip to the Hay Mountain Project area recently, with positive response. Briscoe’s travel is scheduled to begin the third week of February, 2015.

Comments Mr. Briscoe:

“Season’s Greetings to Liberty Star shareholders and supporters. As we face a new year it is time that I reaffirm Liberty Star’s goal to commence drilling at Hay Mountain and define an economic body of mineralization there. From surface studies and a deep understanding of the area, we have concluded that we may expect a very large, near surface porphyry copper mineral body, extending to great depth. This conclusion must be proved through exploration drilling. I expect that drilling in 2015 will confirm our geoscientific data. It has been frustrating that we could not move to the drilling phase this year, but the slow process of permitting State land, and the difficult state of the economy as a whole and the mining industry in particular cannot be denied. I am routinely asked why we have been unable to obtain funding for Hay Mountain since the indicators for success are so strong. The answer is long and complex. Those of you that follow mineral exploration and mining know the severe state of the industry due to the downturn in the minerals Super Cycle, which finds industry giants such as Freeport McMoRan and BHP Billiton and many others trading significantly down over last year. Despite this current downturn for us in mining, several current economic studies suggest the Super Cycle may be setting up for a resurgence, though it is much more complex with the entrance of China and other new consuming and producing countries versus earlier periods when it was driven primarily by North America and Europe (including the U.K. and Australia). Computer reduction of these complexities show it is, in fact, alive and well and is moving forward to another increase in time for us to profit from our efforts (from Keynote luncheon address SME Yearly meeting 12-08-2014 by Raymond Goldie, Salman Bros.). I believe we can turn the corner and prosper as metal prices are bound to rise substantially with this projected resurgence. I, and many others industry-wide, believe the long term demand is there and several studies show the World will need more copper in the next 25 years than in all the history of mankind. The task at hand is to find appropriately risk-tolerant investors that are seeking to enter a market that is at its bottom and willing to stay for a rise that will be several years in the making but just in time for our potential production. I will continue to work with the experts at naseba/Naru to help us find such investors with sufficient financial wherewithal, but I am open to hearing from any credible alternative funding sources for Phase 1, in combination with or independently of others. I believe that our Phase 1 investors will be rewarded greatly for the investment they make in funding our Hay Mountain Project.”

Management discussion – Expectations, First Quarter 2015

1. Director Brett Gross will be working to improve the Company’s structure to enhance long term stability and attractiveness to all prospective investors. This will include, in addition to other things, a succession plan for critical and key employees. A corporation, as an entity with a legally perpetual life, dictates such succession planning to assure long term company strength, stability and sustainability. While there are no current concerns of any critical or key employee becoming unable to perform his or her duties, prudent corporate policy demands planning for the duration of the corporation’s existence. This includes succession planning for positions essential to seamless corporate continuity.
2. It is also our objective to move our existing projects forward including Walnut Creek and others in the Tombstone area, North Pipes, and other opportunities which have come and continue coming to our attention. Some of these are smaller (than Hay Mountain) and include precious as well as base metals. My trips to India, China, and the Middle East suggest there is also a strong interest in these types of more moderately sized projects as well as mega projects like Hay Mountain.

During 2015

We hope to achieve several milestones following return from my trip to the Middle East, Hong Kong and the Philippines, including:

1. Having funding in place to start Phase 1 drilling on the main Hay Mountain target in the second half, 2015
2. In the second quarter, have detailed geoscientific work on our other AMI targets well underway and subsequent drilling programs well into the planning – permitting stages
3. Placing additional funding for the new AMI targets
4. By mid-fourth quarter, 2015, being well underway with and increasingly successfully intersecting strong mineralization in Hay Mountain Target 1, Phase 1, and beginning Target 1, Phase 2 funding draw-down and the associated three-year drilling effort.

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

Forward Looking Statements

Statements in this news release that are not historical are forward looking statements. Forward-looking statements in this news release include all our planned drilling program and our planned route to access partners or funding sources, including without limitation our plan to commence drilling at Hay Mountain and define an economic body of mineralization there; that we can drill out the project within a span of 4 years and to bring it into production within 7 years of the start of drilling; that discovery of such a leachable ore body, similar those enumerated above, could result in a very fast tracked production facility producing wire grade copper which would be marketed; that we expect final acceptance of our plan of operation within the next 20 to 60 days; that BLM permits will be granted in the first quarter 2015; that metal prices will rebound; and that Mr. Briscoe’s travels will result in a potential partner for our projects . Factors which may delay or prevent these forward-looking statements from being realized include: the failure of our proposals to be accepted; we may not attract any partners or funding sources; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and we may encounter an inability to continue exploration due to weather, logistical problems, labor or equipment problems or hazards even if funds are available. Even if we find a partner, we may not be able to reach agreement or carry out the development program as contemplated. Despite encouraging data there may be no commercially exploitable mineralization on our properties. Readers should refer to the risk disclosures in the Company’s recent 10-K and the Company’s other periodic reports filed from time to time with the Securities and Exchange Commission.

Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
info@LibertyStarUranium.com
Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter@LibertyStarLBSR

CLIENT FEATURE: Garibaldi (GGI: TSX-V) Attractive Share Structure, Strong News flow from Mexico and BC

Posted by AGORACOM-JC at 2:11 PM on Friday, January 9th, 2015

WHY GARIBALDI RESOURCES CORP?

  • Attractive share structure
  • Drilling in progress – strong news flow from Mexico and B.C.

LEADERSHIP. MOVING FORWARD. BUILDING VALUE.

  • Synergistic mix of business, market & geological expertise
  • Drilling underway at La Patilla Gold Property (high-grade targets) plus multiple drill-ready targets at 3 district-scale projects in Mexico
  • Largest landholder (262km2) among juniors in Sheslay Cu – Au porphyry discovery area at top of B.C’s Golden Triangle

GARIBALDI APPROACH AND ADVANTAGE IN MEXICO

 

Through the strength of its geological team and the use of cutting- edge technology and proprietary data, Garibaldi has built a foundation for lasting success in Mexico:

  • GGI continues to accurately pinpoint the most prospective targets for potential new discoveries in large, district-scale land packages
  • Project value is being cost-effectively unlocked
  • Financial strength is being built (i.e., sale of Temoris option, current Tonichi pilot coal program generating royalty income)

La Patilla Project

  • First-ever diamond drilling at the La Patilla gold property in Sinaloa state has returned highly encouraging gold values near-surface, including an interval grading 10.4 grams per tonne gold over 8.5
  • Five of six holes drilled to test the La Patilla vein system intersected broad zones of mineralization along 75 metres of strike length to depths of approximately 50 metres

Rodadero North Project

  • Drilling along almost 100 meters of strike length has returned significant high-grade silver intersections within 50 meters of surface, and mineralization remains open in all directions;
  • SE-14-03 intersected 1,935 g/t Ag (62.2 oz/t) between 4 and 5 meters’ depth while the most recent hole (SE-14-06) – the farthest step-out from previously reported discovery hole SE-14-01 – has produced the widest mineralized intercept to date;
  • Surface sampling at three target areas immediately southeast and east of Silver Eagle has returned high-grade silver (up to 8,000 g/t Ag) in addition to high-grade gold (up to 52.6 g/t Au) as explained further in this update;
  • As Garibaldi commences a second round of drilling at Silver Eagle, the total number of mineralized target areas within the 45 sq. km Rodadero North Project has increased from eight to 11.
  • Phase 2 diamond drilling continues, surface sampling results from mineralized outcrops indicate continued high silver values in addition to a significant increase in base metal content (up to 14.9% lead and 1.8% zinc) 1.5 km to 3 km south of discovery hole SE-14-01.

NORTHWEST B.C. – DOMINANT LANDHOLDER IN EMERGING SHESLAY CAMP


  • Successful exploration methods developed in Mexico are now being adopted to rapidly advance the company’s 100%-owned Grizzly Property
  • Multiple targets are being identified over 15 km from Grizzly West to Grizzly Central
  • GGI is the largest landholder among juniors in this highly prospective, under-exploited new Cu-Au porphyry discovery area in prolific Stikine Arch
  • Recently announced that it has acquired two highly prospective Cu-Au porphyry properties within the Stikine Arch

Red Lion

  • The Red Lion prospect, comprising 35 sq. km, is located 60 km south of AuRico Gold’s Kemess mine and adjoins the Kiska Metals’ Kliyul Cu-Au porphyry project under option to Teck Resources Ltd. The Red Lion shows extremely strong Cu-Au stream sediment geochemistry in both Government Regional Geochemical Survey responses and follow-up proprietary surveys. Access and infrastructure at Red Lion are excellent with the powerline to the Kemess South mine only three km away.

Mount Sister Mary (MSM)

  • The MSM prospect, comprising 58 sq. km, is located approximately 50 km northeast of Imperial Metals’ Red Chris mine and is underlain by similar Triassic and Jurassic volcanic and plutonic rocks. Government Regional Geochemical Survey responses confirm prior assessment work in which at least eight Cu-Ag-Au showings have been documented on the property.

12 Month Stock Chart


St-Georges to Focus on Julie Nickel Discovery; Withdrawal of Zambian Interest

Posted by AGORACOM-JC at 1:29 PM on Friday, January 9th, 2015

Baie-Comeau, Quebec / January 9, 2015 / St-Georges Platinum and Base Metals Ltd. (CSE: SX) (FSE: 85G1) (US OTC: SXOOF) today announces its intention to terminate all efforts to acquire and develop projects in Zambia. The company had previously signed an agreement in February 2014 in order to acquire two sizeable Copper-Cobalt projects in Zambia. The difficulty to finalize a proper due diligence had forced the company to put these negotiations on hold in the summer of 2014. The Company had mentioned that it was entertaining the acquisition of another project in Zambia at that point without giving more details. The management of St-Georges has taken the strategic decision to focus all its attention to the new Nickel discovery at its wholly owned Julie Nickel Project.

FINANCIAL SITUATION & OTHER CORPORATE MATTERS

As of December 31, 2014 the Company had 34,504,463 shares issued and outstanding. It also had 1,182,692 outstanding options at a weighted average exercise price of $0.27 per share and, $230,000 of Convertible Debentures carrying an annual 6% cumulative interest rate expiring July 2, 2023. These Debentures are convertible at any time at a price related to average market prices subject to a minimum conversion rate of $0.10 per share. There are currently no outstanding warrants.

Internal, unaudited financial statements of the Company to December 31, 2014 show Net Assets of $1,512,249. Accounts payable and accrued liabilities in these unaudited financial statements at December 31, 2014 amounted to $557,340 and included an amount of $285,888 payable to Directors, Officers and Executives of St-Georges and $191,208.27 that are optional liabilities that the Company is currently reviewing.

JULIE NICKEL DISCOVERY

Results from Agat Laboratories are expected in the coming days from the latest surface campaign conducted on the Julie Nickel Project. Last week St-Georges published the initial results from the latest campaign. The table below constitute a recapitulation of these results already published in a press release on December 29, 2014:

Results Summary

A surface mineralized zone of 70 by 56 meters referred to as “T1” has been identified. All initial results below come from this zone. The ultramafic intrusive suite which hosts the new discovery can be traced in the geophysic data obtain by St-Georges in 2011 for approximately 13 kilometres on a WSW to NE trend. At this point it appears that the mineralized zone remains open in all directions.

The table below outline the initial and partial results from a 17.26 meters channel cut executed along the identified conductor on the T1 zone at a 45º angle:

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Channel 1 0 8.49 8.49 1.71 0.271 0.0347
including 0 3.62 3.62 2.07 0.31 0.04

* Reported channel cuts sections are not true widths. An apparent surface width of 15 meters can be calculated but at this time there is insufficient data with respect to the shape of the mineralization to calculate true orientations in space.

The starting point of the channel cut was located at N49° 57.463′ W69° 27.045′

Results from a man-held portable drill hole are also available. The hole was drilled from surface to the shallow depth of 0.52 meters at a 90º angle and was assay as a whole. The drill hole was located at N49° 57.467′ W69° 27.046′.

From To Interval* Nickel Copper Cobalt
(Metres) (Metres) (Metres) (%) (%) (%)
T1 Hole #1 0 0.52 0.52 1.71 0.271 0.0347

Finally, results from a representative 10.2 kg sample cut from a 81.42 kg blast sample block taken 18.6 meters away to the S-E of the T1-Channel-1’s starting location was also sent to the labs. The location of that sample was at N49° 57.454′ W69° 27.045′

Weight Nickel Copper Cobalt
(Kilogram) (%) (%) (%)
Blast Sample 8749 10.2 1.68 0.301 0.0345

Additional Channel and portable drill core samples are expected to be received from Agat Laboratories by the end of January and will be released as they are available.

ON BEHALF OF THE BOARD OF DIRECTORS

Frank Dumas,

Frank Dumas, President & CEO

About St-Georges

St-Georges is a Platinum-Palladium & Nickel explorer with projects in the Province of Quebec, Canada. Headquartered in Montreal, the Company’s stock is listed on the CSE under the symbol SX and its shares trades in the United States under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel Project on Quebec’s North Shore near the deep-seaport town of Baie-Comeau. For additional information, please visit our website at www.stgeorgesplatinum.com.

Forward-looking Statement:

This document contains certain forward-looking statements which involve known and unknown risks, delays, and uncertainties not under the corporation’s control which may cause actual results, performance or achievements of the corporation to be materially different from the results, performance or expectation implied by these forward-looking statements.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

Quebec Quartz Montpetit Quarry Assay Results, Validated as Suitable for High Purity Ferrosilicon and High Purity Quartz Applications

Posted by AGORACOM-JC at 12:28 PM on Thursday, January 8th, 2015

Montreal, Quebec /January 8, 2015 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has received assay results for samples taken on the Montpetit Quarry quartz (silica) property located in the Monteregie Region of Quebec, some 40 km south of Montreal and 7 km south of Saint-Clotilde-de-Chateauguay

The corrected SiO2 average for 9 of the 10 samples assayed is 99.46 %, ranging from 99.16% to 99.67%. The corrected SiO2 average for the 10 samples assayed is 99.13%, ranging from 96.21% to 99.67%. These results validate the fact that a significant portion of the Quartz material from the Montpetit Property would make suitable feedstock for High Purity Ferrosilicon, and could be amenable to be beneficiated to Silicon Metal purity requirement and even high purity quartz sands.

Patrick Levasseur, President and COO of Uragold stated, “We are extremely happy with these results, just like our Roncevaux property, it shows that the Montpetit Quarry has great potential.” Mr. Levasseur added, “2015 will be an exciting year as we continue to develop Quebec Quartz’s exciting high purity silica projects while developing two gold mines in the Beauce region of Quebec.”

IMPORTANCE OF QUARTZ (SILICA)

Quartz (SiO2) is one of the most abundant minerals. It occurs in many different settings and in many different rock types. However, High Purity Quartz deposits with low impurities are rare and only a few deposits are suitable in volume, quality and amenability to be tailored to refining methods for specialty high purity applications.

High Purity Quartz (HPQ), and Silicon Metal is used in large part in the aluminum industry while Ultra High Purity Quartz (UHPQ) 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.

GO FORWARD PLAN:

The Corporation intends to advance the development of the Montpetit project by completing the following steps during Q1 & Q2 2015:

  1. 1.Send material to specialized laboratories to find the best beneficiation process to transform the Montpetit Quartz material into Silicon Metal grade material and further test to see if the material could be purified to the Ultra High Purity Quartz specifications needed for advanced material and pharmaceutical applications.

High Purity Quartz beneficiated to 99.998% Si02 can command prices up to
US$ 6,000/T (Source: Dorfner Anzaplan). The Corporation intends to focus its interest on this segment of the market.

Run of mine quartz for usage as Ferrosilicon commands sale price averages between US$ 50/T to US$100/T; while run of mine quartz for Silicon Metal commands sale prices averaging between US$ 100/T to US$ 250/T.

  1. 2.Evaluating the Property Potential.

The exact volume of the quartzite body found on the Montpetit Property needs to be confirmed and measured. Furthermore, the grade distribution needs to be better understood. Of significance will be identifying, the controls that could explain the one-outlier result found in the assay results.

PARTIAL TABLE OF RESULTS:

Report Number: A14-09140
Analyte Symbol SiO2 Al2O3 Fe2O3(T) LOI Total SiO2
Unit Symbol % % % % %
Detection Limit 0.01 0.01 0.01 0.01
Analysis Method FUS-XRF FUS-XRF FUS-XRF FUS-XRF FUS-XRF ADJUSTED
41764 99.75 0.22 0.05 0.21 100.40 99.35%
41764-B 98.96 0.51 0.03 0.18 99.80 99.16%
41765 98.21 0.26 0.04 0.23 98.86 99.34%
41765-B 99.40 0.11 0.03 0.10 99.71 99.69%
41766 96.51 1.69 0.32 0.36 100.30 96.22%
41766-B 98.44 0.32 0.03 0.13 99.02 99.41%
41767 100.01 0.23 0.03 0.16 100.50 99.51%
41767-B 99.39 0.10 0.02 0.13 99.71 99.68%
41768 99.81 0.20 0.03 0.14 100.30 99.51%
41768-B 100.06 0.13 0.04 0.28 100.60 99.46%
Average 99.05 0.38 0.06 0.19 99.92 99.13%

The total exploration area of the Montpetit deposit is 2.42 Km2, while the old quarry is 100 m long by 35 m large and is inside a tabular quartzite. The deposit is composed of consolidated beach sand that diagenesis has transformed into a quartzite. In order to have a good sampling spread, 5 samples were taken at different zones of the quartzite deposit. Each quartzite layer along the stratigraphy has been sampled.

In 1956, 3,000 tons of quartzite averaging 99.27% SiO2 was mined from the Montpetit Quarry and used to produce ferrosilicon (Source: Resources Naturelles du Quebec, Sigeom 2014, Work Reports GM03695).

The material was first sent to the INRS (Institut National de la Recherche Scientifique) laboratory in Quebec City to be prepared for testing for Silica values. 10 prepared samples (an original and a duplicate) were sent to the Activation Laboratories in Ancaster, Ontario for whole rock and trace elements assay (FUS X-Ray Fluorescence (“XRF”)).

The average losses in ignition (“LOI”) (material and moisture burned off during the assays) for the 10 samples is 0.19% (ranging between 0.13% and 0.36%) this suggest that a certain percentage of the alkali metals are present as a carbonate molecule, and with an average laboratory total of 99.92% (ranging between 98.80 % and 100.6%), a correction for the loss of carbonate is required in order to present the actual SiO2 grade of the samples.


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Picture 1: Field sample from the Montpetit Property, Sample # 41767 tested 99.51% SIO2


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Picture 2: Quartzite outcrop at the Montpetit Property.

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 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, (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/Quebec-Quartz.php