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Quebec Quartz Provides General Information on Silicon Metal and High Purity Quartz

Posted by AGORACOM-JC at 9:46 AM on Thursday, August 28th, 2014

Montreal, Quebec / August 28 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) through it’s wholly owned subsidiary, Quebec Quartz is pleased to offer the investing public the following general information on Silicon Metal and the High Purity Quartz.

Uragold and Quebec Quartz will concentrate their work on High Purity Quartz and Metallurgical Silicon Metal for which applications and dollar value of quartz greatly vary based on the purity of the material. The company acquired some of the most prospective historical High Purity Quartz (HPQ) deposits with High Purity Silica (+98.5% SiO2) (HPS) values in Quebec during Q2 2014 through it’s subsidiary Quebec Quartz.

The Quebec Quartz assets can be viewed at: http://www.uragold.com/Quebec-Quartz.php

Patrick Levasseur, President and COO of Uragold stated that: “We have noticed in the last few months that investors are very eager to hear about the developments for silicon metal in Quebec but have not been able to find a comprehensive source for researching the potential of the market.” Mr. Levasseur went on to add: “We are thus extremely pleased to offer investor this first of hopefully many non-exhaustive educational news releases.”

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].

Ferro Silicon

  • Has a purity of 50%-98% SiO2, produced by reduction of silica or sand with coke in presence of iron [Source].-Ferrosilicon is used as a source of silicon to reduce metals from their oxides and to deoxidize steel and other ferrous alloys [Source].-Ferrosilicon is also used for manufacture of silicon, corrosion-resistant and high-temperature resistant ferrous silicon alloys, and silicon steel for electromotors and transformer cores [Source].
  • Usual formulations on the market are ferrosilicons with 15%, 45%, 75%, and 90% silicon [Source].
  • Ferrosilicon with 75% SiO2 purity sells for about US$ 2,170 per ton (or US$ 0.985 a pound) [Source].

Frac Sand

  • Lower quality silica is used for frac sand in the oil and gas industry.-Frac sand is in high demand and will experience a 30% increase in growth as the shale gas industry continues to grow [Source].-Pricing for Frac sand remains well below US$ 100 per ton [Source].

About Quebec Quartz

Uragold acquired some of the most prospective historical High Purity Quartz deposits with High Purity Silica (+99.5% SiO2) (HPS) values in Quebec during Q2 2014. Quebec Quartz is a 100% own subsidiary of Uragold Bay Resources, a junior exploration company listed on the TSX Venture under the symbol UBR. Quebec Quartz holds a strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec.

About Silica

Quartz is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry 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

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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Quebec Quartz Starts Exploration Program on the Martinville, Malvina and the Montpetit Quarry Silica Properties

Posted by AGORACOM-JC at 2:40 PM on Thursday, August 21st, 2014

Montreal, Quebec / August 21, 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) is pleased to announce that it’s wholly owned subsidiary, Quebec Quartz, has initiated a work program and is starting the evaluation process of its Martinville, Malvina and the Montpetit Quarry Silica properties.

Fieldwork will first start on the Martinville property where a Historical Resource of 1,000,000 tons was declared and where samples of up to 99% SiO2 were found and then continue to the Malvina property where sample as high as 99.74% SiO2 were reported. Historical records indicate that the samples were taken from quartz vein systems described as clear white quartz with limited fracturing. Both properties are located approximately 40 km south east of Sherbrooke in the Eastern Townships of Quebec.

The Montpetit Quarry is located in Hemmingford Quebec, 70 km south of Montreal. Historical records indicate the silica mined in the 1950s from the quarry was used for ferro-silica production. In 1956, 3,000 tons of sandstone quartzite was analyzed and the average result for SiO2 was 99.27% indicating that the silica from this property could be suitable for silicon metal production. The silica is described as originating from very pure quartzite sandstone from the Cairnside geological formation

Source: Resources Naturelles du Quebec, Sigeom 2014, Work Reports GM54343, GM53695, GM03695. A qualified person has not verified the relevance and reliability of the properties outlined above. All information such as resources estimates and grades herewith 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.

A field crew has been mobilized to complete a review of the local geology, verify the extent and size of the known quartz deposit in addition to investigating the potential for new discoveries that could compliment the already rich portfolio of High Purity Silica (HPS) assets held by the Company. After having mapped the quartz deposits, the field crew will extract approximately 200 kilograms of quartz per property in the more prospective historic high-grade zones for assaying and metallurgical tests.

To fully comply with high purity quartz industry standards, several constant parameters must be met including: 1) Chemistry; 2) Particle shape, size and distribution; 3) Hydroxyl level and; 4) Carbon content. These four characteristics are fundamental for the successful production of high purity quartz to a commercially acceptable product standard. Samples will be sent to an independent lab, silicon metal producers and specialized labs that supply high purity quartz to high tech companies.

Patrick Levasseur, President and COO of Uragold stated, “We are extremely pleased with the field crew’s work on our Drucourt and Roncevaux properties earlier this summer. The same crew will be mobilized for the Martinville, Malvina and the Montpetit Quarry Silica properties with the task of evaluating the HPS properties the Company staked in Q2.” Mr. Levasseur then added, “The Company looks forward to shipping samples to leading Silicon Metal producers and HPS laboratories so that we can evaluate the quality of our material.

About Silica

Quartz is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry 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

About Quebec Quartz

Uragold acquired some of the most prospective historical HPQ deposits with High Purity Silica (+99.5% SiO2) (HPS) values in Quebec during Q2 2014. Quebec Quartz is a 100% own subsidiary of Uragold Bay Resources, a junior exploration company listed on the TSX Venture under the symbol UBR. Quebec Quartz holds a strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec.

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

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Silicon markets set to extend upward trend in September

Posted by AGORACOM-JC at 11:08 AM on Thursday, August 21st, 2014

LONDON (Metal-Pages) 20-August-14. Silicon markets in Europe and the US are expected to trend higher in the coming weeks on firm demand from the chemicals sector, while demand from the aluminium sector is expected to pick up again after the seasonal slowdown, according to industry sources this week.

Moreover, supply tightness on both markets should also buoy prices despite an increase in Chinese exports, which are subject to EU trade duties, and a shortfall in supply from Brazil, South Africa and Australia.

Exports from Brazil are seen falling further in the coming months as stocks are being used to a low level against steep domestic production cuts this year as the country battled a prolonged, widespread drought and an energy shortfall.

There have also been power shortages in South Africa.

EU producers such as Ferroatlantica have made little material available to the spot market so far this year, industry sources said, while Australia’s Simcoa has been forced to shut one of its two silicon metal furnaces for repairs.

Officials at Simcoa could not be reached for comment. Consequently, US and European prices have moved up several cents a pound and about €50 a tonne, respectively this summer. Metal-Pages last assessed prices are some €2,125/tonne and $1.44/lb on average in Europe and the US.

Tighter supply

Brazilian exports are expected to tighten in the coming months as power-restricted production starts to bite after exporters have persistently met customer orders, while also taking advantage of buoyant overseas prices. Brazilian silicon metal exports have jumped more than 5% in the first half of this year, year-on-year, to more than 70,000 tonnes. but although exports increased more than 4% in June, they fell almost 29% from the month before, according to industry data.

Brazilian exporters have also been redirecting material towards Europe as the price differential between European and American domestic prices has narrowed.

Brazilian silicon exports to Europe accounted for almost half of total overseas shipments in June, from below a quarter of the total in January this year, while Brazilian exports to the States fell to below 45%, from two-thirds of total Brazilian silicon exports in the same comparison.

-By Declan Conway in Europe ([email protected])

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Solar Boom Driving First Global Panel Shortage Since 2006

Posted by AGORACOM-JC at 11:32 AM on Tuesday, August 19th, 2014
By Ehren Goossens Aug 19, 2014 10:26 AM ET

The solar industry is facing a looming shortage of photovoltaic panels, reversing a two-year slump triggered by a global glut.

The oversupply pushed prices through the floor, making solar power more competitive and driving up demand. It also dragged dozens of manufacturers into bankruptcy, and slowed capital investment at the survivors. With installations expected to swell as much as 29 percent this year, executives are bracing for the first shortfall since 2006.

Scarcity will benefit the biggest manufacturers, including China’s Yingli Green Energy Holdings Co. (YGE) and Trina Solar Ltd. (TSL) A shortage may slow development outside the top markets in Asia and North America if suppliers favor their largest customers. Shipments to large, utility-scale solar farms may get priority over smaller, rooftop systems, threatening one of the industry’s fastest-growing markets.

“The cell and module glut has certainly dried up,” said Stefan de Haan, a solar analyst at IHS Inc. “There is no massive overcapacity anymore.”

The looming shortage shows the rapid expansion of solar energy. The industry may install as much as 52 gigawatts this year and 61 gigawatts in 2015. That’s up from 40 gigawatts in 2013, and more than seven times what developers demanded five years ago, according to Bloomberg New Energy Finance.

Photographer: Qilai Shen/Bloomberg

Workers operate on the assembly line that makes photovoltaic cells, the main energy… Read More

The industry has about 70 gigawatts of production capacity, New Energy Finance estimates, including a significant amount of older equipment that’s not profitable. The supply-demand balance is tighter than those numbers suggest. De Haan estimates capacity at about 59 gigawatts, excluding manufacturing lines that are out of date or obsolete.

‘On Par’

Considering only “factories that are meaningful and active,” supply and demand is “almost on par,” said Luc Grare, senior vice president for the Norwegian panelmaker REC Solar ASA.

The last time supplies were hard to find was in 2006, when the nascent industry installed just 1.5 gigawatts of capacity. The following year, the top Chinese manufacturers raised $1.8 billion selling stock to Wall Street to finance new production capacity.

Chinese manufacturers sold about $5 billion of shares from 2005 to 2010, and wrested control of the market from companies in the U.S., Germany and Japan. The added capacity drove down prices and pushed dozens of manufacturers into bankruptcy. Solar panels sell for 76 cents a watt now, compared with $2.01 at the end of 2010. The price has slipped 12 percent this year.

The Commerce Department on Tuesday (3 June 2014) imposed steep duties on importers of… Read More

Expanding Now

Nobody is predicting upheaval now. Production capacity this year is “expected to stay more or less flat, but consolidate, with new-build balancing exits,” said Jenny Chase, lead solar analyst at New Energy Finance.

Some manufacturers are already expanding. In May, Canadian Solar Inc. (CSIQ) began construction on a new cell factory in China, a joint venture with GCL-Poly Energy Holdings Ltd. that will initially have 300 megawatts of annual capacity.

The solar industry is cyclical and near a turning point, said Canadian Solar Chief Executive Officer Shawn Qu. He’s expanding now because he anticipates a shortage.

“Every industry goes through cycles,” Qu said. “It’s inevitable to see a cycle in solar.”

Other manufacturers already see a shortfall.

“It would be fair to say our panels are in short supply,” said Tom Werner, CEO of SunPower Corp. (SPWR) The San Jose, California-based company’s factories are running at full, and it announced in July plans for a new factory that may begin production in 2017 and will be able to make at least 700 megawatts a year. That’s more than double the plant it’s bringing online next year.

Supply Chain

When panels become scarce, they’ll probably be routed to customers placing the biggest orders, said Angelo Zino, an analyst in New York at S&P Capital IQ.

“The large-scale utility projects are going to be where the modules go,” Zino said. “If there’s any sort of tightness in the supply chain, you would think that the push-outs would be on the residential side.”

That potential threat to the rapidly growing U.S. residential solar market prompted SolarCity Corp. (SCTY) to buy a panelmaker in June. The rooftop developer expects demand to surge, especially for systems atop homes and commercial buildings.

SolarCity Deal

“At some point, it will be a 400-gigawatt-a-year market; it’s just mathematical,” said CEO Lyndon Rive. Smaller companies without supply contracts may be unable to get enough panels.

Billionaire Elon Musk, SolarCity’s chairman, said the acquisition will guarantee supply. “If we don’t do this, we thought there was risk of not being able to have the solar panels we need,” he said during a conference call announcing the deal.

Any shortage may also limit deliveries to markets where stronger demand means better pricing, said REC Solar’s Grare.

Regions with “heavy price competition” such as Latin America will feel a shortage first, while regions with stable prices, such as the U.S. and Japan, will be prioritized, he said.

Companies that make manufacturing equipment such as Germany’s Manz AG expect the looming shortage to spur orders.

“According to our estimation, the gap between supply and demand will be closed at the end of 2014,” said Axel Bartmann, a spokesman for Manz. “This will definitely lead to rising investments in advanced equipment.”

Panel Pricing

Unlike other industries, a shortage probably won’t boost prices, said Arno Harris, CEO of Recurrent Energy, a San Francisco-based developer owned by Sharp Corp.

As production costs slide, manufacturers can increase profit without raising prices. That’s important because solar power is extremely price-sensitive, Harris said.

“It would be difficult for module pricing to really go up because there isn’t going to be natural demand for those products at those higher price points,” Harris said. “If you raise the price too much they’ll move on to something else. They’ll move on to gas, they’ll move on to wind.”

To contact the reporter on this story: Ehren Goossens in New York at [email protected]

To contact the editors responsible for this story: Reed Landberg at [email protected] Will Wade

Source: http://www.bloomberg.com/news/2014-08-18/solar-boom-driving-first-global-panel-shortage-since-2006.html

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Update on Permitting for the Beauce Placer Gold Project, the Golden Hope Mines Option and Closes Financing

Posted by AGORACOM-JC at 3:42 PM on Friday, July 25th, 2014

Montreal, Quebec / July 25, 2014 / Uragold Bay Resources Inc. (“Uragold”) (TSX Venture: UBR) recently met with Quebec’s Ministry of Natural Resources (“MRN”) to discuss the implication of the province Bill 70 that amended the Mining Act. The Company is pleased to announce that the amended Act has no negative impacts for the permitting process of both Uragold’s Beauce Placer gold project and the Option on the Golden Hope Mines Bellechasse-Timmins gold deposit.

As previously announced on November 26, 2012, Uragold applied to the MRN for the right to processes 9,000 cubic meters (m3) of auriferous till through a pilot-scale operation (Phase 1). The pilot-scale operation is needed to allow the corporation to establish a statistical distribution model for the nugget effect of the gold grade of the buried placer channel, step required for the establishment of a higher level resource category required to complete the Feasibility Study (“FS”) requirement found in the new Mining Act.

Since the maximum size authorized for a Bulk Sampling program under the Mining Act is 2,800 cubic meters (m3) and because Uragold needs to complete Phase 1 before it can prepare an FS, the MRN has confirmed that they are ready to grant Uragold a “conditional” Mining Lease to complete Phase 1 based on the result of a Preliminary Economic Assessment study (PEA) and an approved Closure Plan. UBR will be authorized to start full-scale production (Phase 2) once the FS is submitted.

The Company’s latest technical report (April 18, 2014) already contains these requirements in the work recommendations and therefore the New Mining Act does not affect the Corporation development timeline.

In February, Uragold announced an Option agreement with Golden Hope Mines to acquire up to 50% of the Bellechase-Timmins (BT) gold deposit. Part of the agreement required Uragold to complete a PEA. As a result to the new Mining Act, Uragold will now have to complete an FS instead of a PEA. This new requirement is not seen as a major issue since the Option agreement already required that UBR complete a new NI 43-101 Report for BT. In order to complete the new Technical Report, Uragold will first start by assaying the material from the previous bulk sampling completed on BT. With the new report Technical Report Uragold believes it can complete the required FS successfully.

Patrick Levasseur, President and COO of Uragold said: “I would like to thank the MRN for their collaboration in assisting Uragold in developing two gold mines in the Beauce region of Quebec.”

Closing of Private Placement

Uragold is pleased to announce that it has closed a non-brokered private placement, which is comprised of 3,333,333 units (“Unit”) at $0.06 per Unit for gross proceeds of $200,000. 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 $ 0.10 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 from the date of closing of the placement. The placement is subject to standard regulatory approvals. The net proceeds from the Private Placement will be used primarily for Quebec Quartz exploration activities and general working capital.

About Quebec Quartz

Uragold acquired some of the most prospective historical High Purity Quartz deposits with High Purity Silica (+99.5% SiO2) (HPS) values in Quebec during Q2 2014. Quebec Quartz is a 100% own subsidiary of Uragold Bay Resources, a junior exploration company listed on the TSX Venture under the symbol UBR. Quebec Quartz holds a strategic portfolio of high purity silica (+99.5% SiO2) deposits and closed silicon metal mines in Quebec.

About Silica

Quartz is one of the most abundant minerals. It occurs in many different settings throughout the geological record. High Purity Quartz deposits with low impurities are rare. However, only very few deposits are suitable in volume, quality and amenability to tailored refining methods for specialty high purity applications.

High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry 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

About Uragold Bay Resources Inc.

Uragold Bay Resources is a junior exploration company listed on the TSX Venture. Uragold holds gold properties in Southern Quebec’s Appalachian belt. Uragold is implementing a unique business model that calls for developing smaller-scale mining projects, (Capex < C$10M with a starting LOM between to 3 to 7 year), which can generate high yield returns (IRR > 50%), into mines in order to generate free cash flow to internally finance growth and blue-sky exploration projects

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

Posted by AGORACOM-JC at 4:14 PM on Thursday, July 24th, 2014

UBR: TSX-V

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry
  • 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

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.

Developing Quebec’s First Placer Gold Mine

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.

The Company declared inferred resource of 23,000 oz. AU (741,000 m3 @ 0.97 g Au/ m3) on the Rang Chaussegros section. The importance of the nugget effect on the project potential is such that gold recovery could be between 23,000 (741,000 m3 @ 0.97 g Au/ m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/ m3), as per data derived from the historical mining figures.;

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.

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).

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.

Hub On AGORACOM / Corporate Profile / Corporate Website

 

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AGORACOM Welcomes Uragold Bay Resources (UBR: TSX-V) A leader in High Purity Quartz Exploration in Quebec, Also Developing Quebec’s First Placer Gold Mine

Posted by AGORACOM-JC at 10:41 AM on Friday, July 18th, 2014

UBR: TSX-V

Why Uragold Bay Resources?

  • High Purity Silica (HPS) and Silicon Metal which is used in large part in the aluminum industry
  • 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

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.

Developing Quebec’s First Placer Gold Mine

 

 

 

 
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.

The Company declared inferred resource of 23,000 oz. AU (741,000 m3 @ 0.97 g Au/ m3) on the Rang Chaussegros section. The importance of the nugget effect on the project potential is such that gold recovery could be between 23,000 (741,000 m3 @ 0.97 g Au/ m3) and 140 000 ounces (741,000 m3 @ 5.9 g Au/ m3), as per data derived from the historical mining figures.;

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.

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).

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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