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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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North Shore Campaign on the Julie Nickel-Pge Project & Corporate Update

Posted by AGORACOM-JC at 2:24 PM on Friday, July 25th, 2014

 

Montreal, Quebec / July 25, 2014 – St-Georges Platinum and Base Metals Ltd. (OTCQX: SXOOF) (CSE: SX) (BSE: 85G1) is pleased to update its shareholders on exploration efforts on its Julie Nickel & PGE project on Quebec’s North Shore and on other corporate matters.

Julie Nickel & PGE Project 2014 Campaign

St-Georges‘ personnel has started to work on planning and permitting for a drilling campaign. This campaign is designed to test 75-100 metres of depth within a block 1,500 metres long by 200 metres wide within the previously identified 1.5 km corridor of sulphide impregnated rock that has been mapped at surface. The Company is expecting to complete the surface sampling and channelling campaign initiated last year along the 1.5 km identified sulphide rich zone.

This program will sample large sections of the remaining 10 km electromagnetic conductor located within an identified mafic unit which coincides with a few sulphide rich outcrops of interest. Large sections of the sulphide rich outcrop will be investigated through channel sampling and a tight grid that encompasses the 1.5 km corridor already identified. Random samples will be collected from outcrops during mapping traverses. A gravimetric survey is also proposed for this area to further define targets.

Shongwa & Mwinilunga; Proposed Acquisition in Zambia

As announced earlier, the Company has completed all title verification on the proposed Zambian transaction.

However, technical due diligence has been hampered by delays in acquisition of supporting data related to reports and information initially delivered to us by the vendor. The Definitive Feasibility Study commissioned by the vendor, Kasni Investment Limited in 2013, makes certain claims regarding the existence of a very large mineral resource and we have failed so far to find the evidence supporting the existence of any size of mineral resource. The Company has no firm timetable as to when or whether the necessary data will be delivered and allow the completion of the due diligence. Therefore, a definitive closing, if any, for this proposed transaction is impossible to predict.

Initial announcement of the proposed Zambian Transaction in February provided the Company with additional offers similar in size and grade to the original project. In a few cases these offers are similar or better entry points for St-Georges than the original. The Company is reviewing the potential for acquisition of near production projects in Zambia, Namibia and in South Africa.

Other Transactions

Firming up in Nickel prices and renewed interest for the commodity has triggered new interest for nickel projects. The Balmoral Resources (BAR on the TSX) discovery earlier this year of 45.28 metres grading 1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium has also contributed to renewed interest in high grade nickel projects in Quebec. St-Georges has been contacted by groups looking to enter the nickel exploration field and the Company has initiated discussions to sell or joint venture some of the projects that it owns in Quebec. For comparison purpose only, the 2011 surface campaign on the Julie Nickel & PGE Project yielded an average of 1.78% nickel and 0.33% copper from select surface samples collected within the above described 1.5 km sulphide rich zone identified as the Julie Corridor.

ON BEHALF OF THE BOARD OF DIRECTORS

Wei Tek Tsai

Wei Tek Tsai, Director

Joel Scodnick, P.GEO, St-Georges’ VP Exploration, Qualified Person under National Instrument 43-101 has reviewed the content of this press release.

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, on the OTCQX under the Symbol SXOOF and on the Berlin Stock Exchange under the symbol 85G1. Its Flagship project is the Julie Nickel-Cobalt & Platinum 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.

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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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Liberty Star Uranium & Metals Corp. Message to Shareholders

Posted by AGORACOM-JC at 3:53 PM on Thursday, July 24th, 2014

Message to Shareholders

July 24, 2014

The need for a continuous, secure supply of rare earth elements is widely reported. The rare earths mining industry is responding to this need, including Liberty Star; we seek to explore and develop the large (7 – 9 sq mile) rare earth metals anomaly discovered at Hay Mountain in southeast Arizona.

In that endeavor we have engaged a lobbying group, VogelHood Research (NR 181) to bring the Liberty Star REE story before the appropriate congressional subcommittees. Yesterday we submitted Testimony for the Record to the House Subcommittee on Energy and Mineral Resources for the July 23rd hearing on “American Metals and Mineral Security: An examination of the domestic critical minerals supply and demand chain.” Mineweb covered the hearing – Dorothy Kosich “Coherent national mineral policy a must for U.S. manufacturing, Congress told”

Liberty Star’s website includes several links to news, educational articles and videos reinforcing our aim to concentrate on the exploration of the REE anomaly at Hay Mountain.
Summary of REE information shared on our website:

Videos:

Short overview on the uses and the looming shortage of REEs. Good if you only have 3 minutes for the issue: DNews hosted by Anthony Carboni, Why We Need Rare Earth Elements
Commentary and information about the military uses of REEs by metals expert commentator/consultant Jack Lifton. This video was produced by Ucore, the owners of the rare earth Bokan Mountain Mine (AK): ucoreTV: Jack Lifton – USDOD & Ucore

Links:

Rare earth elements are required for a wide variety of modern electronic, autos and weapons systems: Uses of REEs Courtesy of American Elements Liberty Star’s Jim Briscoe used this graphic in in his article, About Rare Earth Elements Both were submitted as Testimony for the Record to the House Committee on Natural Resources Subcommittee on Energy and Mineral Resources Hearing on “American Metals and Mineral Security: An examination of the domestic critical minerals supply and demand chain” (NR 184)

According to US Geological Survey officials, rare earth elements bonanza in the USA:

Arizona could become a center for REE mining:

University of Arizona Department of Mining and Geologic Engineering Head, Professor Mary Poulton and Arizona Geologic Survey Director and State Geologist Lee Allison comment: Nathan O’Neal KVOA.com ‘Rare earth’ mineral could mean revival for Arizona’s mines Lee Allison Arizona Geology: Blog of the State Geologist of AZ Rethinking rare earth element potential in Arizona

Liberty Star Uranium & Metals Corp. trades as LBSR: OTCQB
Contact:
Agoracom Investor Relations
Liberty Star Uranium & Metals Corp.Tracy Myers, 520-425-1433

Investor Relations

[email protected]

Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter @LibertyStarLBSR

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Noront Appeals Mining Recorder’s Finding of KWG Prior Staking

Posted by AGORACOM-JC at 5:55 PM on Wednesday, July 23rd, 2014

TORONTO, ONTARIO–(July 23, 2014) – KWG Resources Inc. (TSX VENTURE:KWG)(FRANKFURT:KW6) was served yesterday with a notice that Noront Resources Ltd. will appeal to the Mining and Lands Commissioner of Ontario to set aside the finding of the Provincial Mining Recorder that KWG was the first to stake two 16 unit claims when they came open on the morning of June 17, 2011. These two claims are contiguous to the southern two claims of the Fancamp Exploration Ltd. Koper Lake claims where KWG is assessing the economic potential of the Black Horse chromite deposit under an option agreement with Bold Ventures Inc. and Fancamp.

“Koper Lake is an important amphibious aircraft facility for the Ring of Fire and the area used for landing and docking is within the eastern boundary of these claims,” said KWG President Frank Smeenk. “In the past our exploration crews have been blockaded there, or embargoed from landing there, or been levied substantial landing fees. We believe that this necessary part of the area’s transportation assets should be operated as a public facility. From this sprang the concept of a federally sponsored Port Authority. Accordingly, we are hopeful that the Provincial Mining Recorder’s Order will be upheld so that we can now assess the mineral potential of these claims and add their surface endowments to an integrated transportation network for the area. This is as contemplated by the ‘Northland Development Corporation Act’ that we provided to each candidate during the Ontario election campaign. We hope that those candidates who are now members of the legislature will encourage their cabinet colleagues to adopt the Bill.”

About KWG: KWG has a 30% interest in the Big Daddy chromite deposit and the right to earn 80% of the Black Horse chromite where resources are being defined. KWG has also acquired interests in provisional patents including a method for the direct reduction of chromite to metalized iron and chrome using natural gas. KWG also owns 100% of Canada Chrome Corporation which has staked claims and conducted a $15 million surveying and soil testing program for the engineering and construction of a railroad to the Ring of Fire from Exton, Ontario.

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.

Shares issued and outstanding: 777,512,273

Contact Information

 

KWG Resources Inc.
Bruce Hodgman
Vice-President
416-642-3575
[email protected]

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CORRECTING and REPLACING Liberty Star Submits Testimony to US House of Representatives Committee on Natural Resources RE: Strategic Rare Earth Elements

Posted by AGORACOM-JC at 4:59 PM on Wednesday, July 23rd, 2014

CORRECTION…by Liberty Star Uranium & Metals Corp.

TUCSON, Ariz.–()–Please replace the release with the following corrected version due to multiple revisions.

The corrected release reads:

LIBERTY STAR SUBMITS TESTIMONY TO US HOUSE OF REPRESENTATIVES COMMITTEE ON NATURAL RESOURCES RE: STRATEGIC RARE EARTH ELEMENTS

Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to announce written Testimony for the Record has been submitted to the US House of Representatives Committee on Natural Resources Subcommittee on Energy and Mineral Resources for the July 23rd hearing on ”American Metals and Mineral Security: An examination of the domestic critical minerals supply and demand chain.”

CEO/Chief Geologist Jim Briscoe’s address to Shareholders “About Rare Earth Elements” (August 7, 2013) is included in the testimony.

Briscoe’s opening remarks are also included in the Testimony for the Record:

“I am founder, CEO and Chief Geologist of Liberty Star Uranium & Metals Corp., an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Last year I addressed the shareholders of the company regarding the urgent and continuously growing need for rare earth elements (REEs) by industry and the military. I submit that communication here today for the subcommittee’s reviews.

Before presenting that communication, I would like to give the Committee some background on what I believe could be a large and reliable source of rare earth elements in southeast Arizona. While more exploratory work is required, my company discovered the presence of at least 4 of the 17 REEs while conducting geochemical surveys for copper and gold in southeast Arizona, near Tombstone, Arizona, in an area we call the Hay Mountain Project.

In May 2012 we reported via news release (NR 122): ”A surprising presence of rare earth elements (REEs) has been defined over a large area (7 to 9 square miles). This was completely unexpected and justifies further study. The REEs we assayed for are among the 17 REEs now known, are strongly anomalous, and are scandium, yttrium, lanthanum, and cerium. The other 13 known REEs were not included in our assay process. In due course we will re-assay the samples for these additional REEs.”

While previously only small insignificant amounts of REEs had been detected throughout the state, this finding in a new area of mineral exploration could introduce high tech and environmentally sensitive mining to southeast Arizona and would include other strategic metals. The Hay Mountain Project will be primarily a copper mine that would also produce gold, silver, molybdenum, zinc, lead and REEs—all strategic metals required for the 21st Century economy and beyond.”

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

Contacts

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

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Stria Lithium, High Quality and Low Cost Supplier, CEO Clip Video

Posted by AGORACOM-JC at 3:08 PM on Tuesday, July 22nd, 2014

Vancouver, British Columbia–(July 22, 2014) – Julien Davy, President & COO of Stria Lithium Inc. (TSXV: SRA) describes this technology mining company in the lithium market with strategic alliances with Focus Graphite and Grafoid.


http://www.ceoclips.com/companies/Video-Interview-with-Julien-Davy-President-and-COO-of-Stria-Lithium-Inc.html
About Stria Lithium (TSXV: SRA)

Stria Lithium owns the Pontax spodumene lithium property in Northern Quebec and the Willcox brine lithium property in southeastern Arizona. As announced in January 2014, Stria is developing proprietary, in-house processing technologies for both projects with the purpose of reducing costs on an environmentally sustainable basis. 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. http://strialithium.com/

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in the US and Canada. These 90 second video profiles broadcast on national TV and are distributed online on top financial portals including: Thomson Reuters, BNN.ca, MSN Money, Stockhouse.com, Canadian Business Journal, Germany’s Investor SMS, and 32 sites in Europe. They are also disseminated via a video news release to several financial portals including Globe Investor, OTC Markets, TMX Money, and The National Post.

BTV – Business Television/CEO Clip Contact: Trina Schlingmann (604) 664-7401 x 5 [email protected]

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Allan Barry Goes “Beyond the Press Release” with Ken Armstrong, President and CEO, of North Arrow Minerals

Posted by AGORACOM-JC at 1:30 PM on Tuesday, July 22nd, 2014

North Arrow is a Canadian based exploration company focused on the identification and evaluation of diamond exploration opportunities in Canada. North Arrow’s management, board of directors and advisors have significant successful experience in the Canadian diamond industry. In addition to the Redemption Project, North Arrow is presently conducting a bulk sampling program of the Q1-4 kimberlite at its Qilalugaq (NU) Project and is also evaluating each of the Pikoo (SK), Lac de Gras (NWT), Mel (NU), Luxx (NU) and Timiskaming (ON/QC) Diamond Projects.

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Liberty Star Update: naseba Hosted Middle East Trip to Make Presentations, Hay Mountain/Mine Finders

Posted by AGORACOM-JC at 9:39 AM on Monday, July 21st, 2014

TUCSON, Ariz.–Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCQB: LBSR) is pleased to give an update of the recently concluded Middle East roadshow hosted by Naru Capital (“Naru”), a division of naseba. Company CEO/Chief Geologist Jim Briscoe presented Liberty Star’s premiere property Hay Mountain Project (“Hay Mountain”) in conjunction with the Mine Finders training program (NR 177). All ten meetings were successful with requests for additional information including confidentiality/non-disclosure agreements, project details and specific proposals. It is anticipated that from these meetings the Company can proceed to a memorandum of understanding (MOU) and or a letter of intent (LOI) with the final objective, an executed contract funding the Hay Mountain Project with or without the Mine Finders program. Briscoe’s summary of events:

“The roadshow started in Saudi Arabia (SA) Sunday (a work day) June 22 and was complete after visiting senior executives of 10 large organizations in three different countries in five cities and concluded on Friday evening, June 27. The meetings were conducted in Dammam, Riyadh, and Jeddah, Saudi Arabia, Muscat, Sultanate of Oman, and Istanbul, Turkey.

Naru Capital functions as a deal originator for investors in the growth markets with an unbiased approach to sourcing potential investment targets.

They have developed relationships with a network of qualified investors including private investors, sovereign wealth funds, financial institutions, state owned enterprises, educational institutions, natural resource investment companies, private equity firms and capital advisory firms across the growth markets. Their dedicated investor analysts leverage their extensive knowledge and match the needs of the investors with the specifics of the project. Naru’s reach in the liquid emerging markets has led to a database containing over a million contacts with areas of expertise including capital markets, energy, health care, and natural resources (our category).

From their list of investor clients Naru determines what entities are a match for the client’s project. They start with hundreds of potentials and screen them over a period of months. It involves an extensive search for just the right matchup between the client (Liberty Star) and the objectives and financial capability of the investor and includes extensive targeted vetting. Only a few finalists are chosen – in our case 10 entities.

Meetings are arranged between the client (Liberty Star) and the potential investor, the business case is presented in a personal one on one meeting.

After the presentation Naru provides a debrief report and an action plan for Liberty Star with input from the investors.

For each investor met with a positive response, Liberty Star will send a confidentiality, non-compete agreement (CA), a proposed deal, a letter of intent (LOI), a memorandum of understanding (MOU) and then, after an agreement has been hammered out, an executable contract. Of course after the CA has been signed Liberty will disclose all information on the project to the potential funder.

As a result of our presentations, all parties have responded positively and would like further documents and information.

We are currently working on preparation of documents. We are preparing thank you notes, confidentiality/non-disclosure/non-compete agreements, background data, and business plans and proposals for the Hay Mountain Project and the Mine Finders program, and are preparing letters of intent and memoranda of understanding, which we believe will lead to one or more investments in our proposals.”

“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. 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 through the intended routes; we may not be able to raise sufficient funds to complete our intended exploration, keep our properties or carry on operations; and 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.

Follow Liberty Star Uranium & Metals Corp. on Facebook , LinkedIn & Twitter @LibertyStarLBSR

Contacts

Agoracom Investor Relations
[email protected]
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers, 520-425-1433
Investor Relations
[email protected]

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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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