Welcome to Q&A a production of AGORACOM in which we invite shareholders to pose questions which are answered directly by management.
Avalon VP Discusses Lithium Markets and Separation Rapids Project
Why Lithium?
About Our Guest
Hub On AGORACOM / Corporate Profile / Watch Interview
The company recently acquired two limestone properties in north western British Columbia which have been strategically chosen in an effort to coincide with the LNG projects near Kitimat and Prince Rupert.
EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY
Company announced that its technical partner, PyroGenesis Canada Inc. (http://pyrogenesis.com) (TSX-V: PYR), a TSX Venture 50® clean-tech company (“PyroGenesis”) that designs, develops, manufactures and commercializes plasma torch products, has filed a provisional patent for a new and novel process for the One Step Production of Metallurgical Grade Silicon Metal (mg Si), Solar Grade Silicon Metal (UMG Si) and Polysilicon from Quartz. The “PUREVAP â„¢ Quartz Vaporization Reactor is a proprietary process that uses a plasma arc within a vacuum furnace.
EXCLUSIVE GLOBAL PARTNERSHIP PUTS URAGOLD IN POSITION TO TURN QUARTZ PROJECTS INTO LOWEST COST SUPPLIER TO SOLAR INDUSTRY
“There is no other way to say it. This technology represents a potential quantum leap forward for the solar panel industry.” (URAGOLD CEO QUOTE)
Why Uragold?
What are High Purity Quartz and Silicon Metal?
High Purity Quartz
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].
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.
12 Month Stock Chart
What is Cubic Farming?
Why Urban Barns Foods?
Marquee Customers Include:
Strong Institutional Ownership, 39% Owned By:
Modern Agriculture Needs Green Innovation
The Cubic Farming Advantage
Consumers Demand Clean Food
Urban Barns Is the Solution
12 Month Stock Chart
Vancouver, BC / October 5, 2015 – Durango Resources Inc. (the “Company” or “Durango”) is pleased to announce it has acquired a 100% interest in 3 claim blocks adjacent to, and near, Equitas Resources Corporations’ (TSX.V-EQT) Labrador Ni/Cu project.
One claim block is located adjacent to, and to the northwest of, anomaly D of the Equitas Garland property which is located approximately 30km southeast of Vale’s Voisey’s Bay mine. On September 23, 2015 Equitas Resources Corp. announced via www.sedar.com, “Springdale Forest Products has commenced drilling with borehole GP15-001. This NQ borehole is designed to test VTEM Anomaly D, part of a two-kilometre trend of variable conductivity, coincident with a nickel-copper-cobalt lake sediment anomaly and resident in an east-west structure of the Gardar-Voisey’s Bay fault set.”
Two other claim blocks, described below, are approximately 90km to the north of Voisey’s Bay, and have historic work results reported.
E ZONE
One claim block covers the “E” Zone, where National Mineral Inventory Number (NMIN): 14E/01/Ni 002, Record ID Number: 4499, reports wide, deep, intersections of “disseminated to massive sulphide layering” including: drill intersections of 12.9 m of 0.24% Ni, 0.20% Cu, and 0.06% Co, and 54 m of 0.4% Ni, 0.43% Cu and 0.11% Co. It is not stated in the report if the second intersection is continuous like the first one (Canadian States Resources, PR, August 21, 1996). “Generally, the grades are higher than those from the adjacent Cirque (NMI File No. 14E/01/Ni003), although such comparisons may be complicated by differences in averaging techniques (Kerr and Smith, 1997).”
KRINOR
Another claim block covers the occurrence known as “Krinor”, NMIN: 14E/01/Ni 008 Record ID Number: 4511, “The best assay (probably a grab sample) from the property was 1.31% Ni, 0.52% Cu and 0.21% Co (Castle Rock Exploration, PR, October 4, 1995). Geophysical surveys were conducted during the summer of 1996, and diamond drilling commenced in mid-August 1996. According to the NMIN file no information was released at that time concerning drilling results, but three holes intersected sulphide mineralization, over widths up to 14 m. (J. O’Sullivan, personal communication, 1997) (Kerr and Smith, 1997).”
Further due diligence evaluation of historic data, derived mainly from the Voisey’s Bay discovery and subsequent staking rush and exploration follow up by the many companies involved, will be carried out over the next few months.
In consideration for 100% interest in the properties, with no net smelter royalty, the Company will issue one million shares to an arm’s length vendor, subject to TSX Venture Exchange approval. The shares will be subject to a hold period of four months plus one day from the date of issuance.
The technical and scientific data in this news release was approved by Mr. Peter Dimmell, P.Geo. (NL, ON, SK, QC(SP), a qualified person as defined by National Instrument 43-101.
About Durango
Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company has a 100% interest in the Mayner’s Fortune and Smith Island limestone properties in northwest British Columbia, the Decouverte and Trove gold properties in the Abitibi Region of Quebec, and the Buckshot graphite property near the Miller Graphite mine in Quebec.
For further information on Durango, please refer to its SEDAR profile at www.sedar.com.
Marcy Kiesman, Chief Executive Officer
Telephone: 604.428.2900
Facsimile: 888.266.3983
Email: [email protected]
Website: www.durangoresourcesinc.com
Forward-Looking Statements
This document may contain or refer to forward-looking information based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs, execution of a definitive agreement, raising of funds, obtaining regulatory approvals and the impact on the Company of these events. Forward-looking information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Forward-looking information is provided as of the date hereof and we assume no responsibility to update or revise them to reflect new events or circumstances. For a detailed list of risks and uncertainties relating to Durango, please refer to the Company’s prospectus filed on its SEDAR profile at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
