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
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