- Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.
Posts Tagged ‘#mining’
Durango Acquires Silver Property Near Chibougamou, Quebec $DGO.ca
Uragold Announces Closing of Over-Subscribed Private Placement Totalling $1,060,340 $UBR.ca
- Completed the two previously announced non-brokered private placements
- Demand for the hard cash unit’s private placement was such that it exceeded the over-allocation allotments reservation
Montreal, Quebec, Canada / July 6, 2016 – Uragold (TSX Venture: UBR) is pleased to announce that it has completed the two previously announced non-brokered private placements. Demand for the hard cash unit’s private placement was such that it exceeded the over-allocation allotments reservation mention in the May 25, 2016 press release.
Private Placement
The first private placement of hard cash units (“HC Unit”) completed consist in the issuance and sale of an aggregate amount of 6,200,000 units (“Unit”) at $0.14 per Unit for gross proceeds of $868,000.
Each HC Unit are comprised of one (1) common share and one (1) common share purchase warrant (“Warrant”) of the Company. Each Warrant entitle the holder thereof to purchase one common share of the capital stock of the Company at an exercise price of $ 0.25 during a period of 24 months from the date of closing of the placement.
The second placement of Flow Through Shares (“FT Shares”) completed consist in the issuance and sale of an aggregate amount of 1,373,856 FT Shares at $0.14 per Unit for gross proceeds of $192,339.80.
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.
In Connection with the above placements, the Company paid a cash finder’s fee of $62,420 and will issued 356,686 common shares and 89,172 options to EMD Financial Inc. of Montreal Quebec. Each option will give the right to purchase one (1) common share at 14 cents for 24 months.
Bernard Tourillon, Chairman and CEO of Uragold stated, “We are very encourage by the strong demand generated by the Hard Cash private placement, this bodes well for our future development as we transition into our new Corporate Identity, HPQ Silicon Resources Inc.”
The Funds raised will be used for general corporate expenditures and to finance our ongoing development strategy where, in combination with our presents and anticipated PUREVAPTM QVR development programs; we will be starting a field exploration campaign program on our Roncevaux Quartz Property in order to delineate a resource. This is the first step required for the preparation of a Preliminary Economic Assessment (“PEA”) of Roncevaux as the feed material for the PyroGenesis’ PUREVAP(TM) QVR process.
About Uragold
Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.
High Value Specialty Materials
In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPTM Quartz Vaporization Reactor (QVR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.
On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPTM QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPTM QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.
Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.
The PUREVAP(TM) QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.
The Science Behind PyroGenesis PUREVAP(TM) QVR Process Is Solid:
-Plasma arc based process can and has transformed High Purity Quartz into Mg Si.
-Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
-Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.
What is unique and ground breaking is the combination of these three proven processes into one step.
A Green And Clean Company
Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAP(TM) QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.
High Purity Quartz Properties
Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.
Disclaimers:
This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or the securities laws of any state of the United States and may not be offered or sold within the United States or to, or for the account or the benefit of, U.S. persons (as defined in Regulation S un der the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
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 Tel (514) 907-1011
Patrick Levasseur, President and COO Tel: (514) 262-9239
www.uragold.com
CLIENT FEATURE: Treaty Creek Included In Seabridge Gold Plan To Take KSM Into Production $AMK.ca

WHY AMERICAN CREEK RESOURCES?
- Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims
- 20% fully carried interest
- So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.
RECENT HIGHLIGHTS
- Closed two separate joint venture agreements with Tudor Gold Corp. (TSX VENTURE:TUD) (Read Release)
- Specimens from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold
- Results from outcrop specimens of high grade material collected on its Electrum property from the Shiny Cliff vein on the North Face Showing Read More
- TSX Venture Exchange approved the Amended and Restated Purchase Agreement regarding the Treaty Creek NSR that was previously announced April 13, 2016. Read Our Recent Blog
Exceptional Properties
Electrum Gold-Silver Property, British Columbia – 100% owned
The Electrum property has a rich history with some of the highest grade hand-mined ore mined in North America combined with excellent logistics. The property is located directly between two high-grad vein gold/silver mines; the past producing Silbak Premier mine and Pretiums high-grade Brucejack mine (production in 2017).All three lie within the Iskut mineral district (a particularly prolific part of the Canadian Cordillera) with numerous geological similarities between them.
The Electrum Property holds significant potential to attract mining companies when considering its high-grade nature combined with the exceptional logistics in place.
- Located in the prolific Golden Triangle of northwestern British Columbia, an area encompassing mineral rich belts that host more than 43 past producing mines including Eskay Creek, Silbak Premier, Granduc and Big Missouri.It is a hotbed of activity with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
- Located in a particularly rich valley with 4 past producing commercial mines and a 5th in the adjacent valley.
- Includes the historic East Gold Mine that had intermittent small-scale production of approximately 46 tonnes of ore with grades averaging 1,661 grams of gold per tonne and 2,596 grams of silver per tone (roughly 50oz gold with 75oz silver).
- Mineralization is believed to be very similar to the silver-gold-base metal veins responsible for the precious metal mineralization found in the Silbak Premier Mine and the Big Missouri mines (located in same extended valley).
- Pretiums Brucejack Summary Report (for exploration) compares itself geologically to the Silbak Premier mine as well.
- Exceptional gold and silver assays including 440 g/t gold with 400 g/t silver over 0.52m, with numerous silver intervals of 583g/t, 501 g/t, 420 g/t, 384 g/t in core, and surface samples of 80.96 g/t gold with 80,818 g/t silver, 694 g/t gold with 550 g/t silver, 54.77 g/t gold with 14,903 g/t silver, 615 g/t gold with 616 g/t silver.
- A very successful program was run in 2015 wherein:
- A new approach focusing on high-grade was employed very successfully
- A new zone of gold / silver mineralization was discovered
- A better understanding of the property geology was obtained
- Surface samples from the structure averages 27,092 gm/tonne silver and 248 gm/tonne gold

- The program proved the Electrum Property has multiple high-grade gold-silver epithermal breccia vein systems and gave us a better understating of their sequencing.
- Excellent logistics including road access, power located 2 km away and a bulk tonnage shipping port and supportive mining town located just40 km away in a mining friendly jurisdiction.
The high-grade ELECTRUM PROPERTY recently had a program run on it. CLICK HERE for the Electrum presentation and HERE for the 2015 drill program presentation. The highly mineralized gossans on the Electrum are shown in the image at the top of this page.
2015 Drill Program Presentation
Treaty Creek Gold-Copper Property, British Columbia – 51% Joint Venture
Treaty Creek Property

Treaty Creek is located in British Columbia’s prolific Golden Triangle; one of the richest areas of mineralization in the world with one new mine having come online in 2015 (Imperial Mines Red Chris) and another scheduled for 2017 (Pretium Brucejack) and at least three more world-class mining projects headed toward production.
Mineralization in the Treaty Creek claims area lies within the same broad hydrothermal system that generated the several deposits on the Seabridge Gold KSM and the Pretivm Brucejack properties that lie immediately southwest of the Treaty Creek claims. So far over 130 million ounces of gold, 800 million ounces of silver and 20 billion pounds of copper (all categories included), representing one of the greatest concentrations of metal value on the planet, have been delineated within the geological system shared by KSM, Brucejack, and Treaty Creek.
Seabridge Gold’s KSM is the world’s largest undeveloped gold/silver project by reserves while Pretium’s Brucejack is the highest grading undeveloped large-scale gold project in the world.KSM has just past the environmental and permitting stage while the Brucejack is in construction phase.
Treaty Creek is part of the same large hydrothermal system as it’s neighbours, hosts the same bedrock geology as its neighbours, the same magneto-telluric (MT) anomalies that proved to be large deposits on the neighbours claims, the same major fault system (Sulphurets) that is responsible for KSM’s deposits, and initial exploration and drilling show similar results to initial drilling on KSM.
The Treaty Creek property is in a strategic location as it’s included in Seabridge’s plan for the KSM to go into production. Seabridge has proposed twin tunnels that would take the KSM ore through American Creek’s Treaty Creek property to a processing plant and tailings pond.
Explor Closes a Private Placement of Unsecured Convertible Debentures $EXS.ca
Pacific North West Capital Acquires 5th, 100% Owned Lithium Project – The Lithman East Project – In Southeast Manitoba $PFN.ca
- Pacific North West Capital (PFN) acquires 5th, 100% owned Lithium Project
- The Lithman East Project is approximately 6.5 km to the east of the Tanco Mine site, in southeast Manitoba
- The Tanco Mine was Canada’s largest and only producer of Spodumene, Tantalum and Cesium, producing from the Tanco Pegmatite
- Spodumene is mined from Pegmatites and is one of the primary Lithium ore minerals in Hard Rock Lithium mines
- To date this brings the total amounts of PFN’s claims in the Winnipeg River Pegmatite Field to 33, for a total area of 6,181 hectares (15,274 acres), making the company the largest area land holder in the Pegmatite field
- The project is adjacent to and to the east of claims currently held by Tanco
July 5, 2016 Vancouver, Canada – Pacific North West Capital Corp. (“PFN”, the “Company”) (TSX.V: PFN; Frankfurt: P7J.F; OTCQB: PAWEF announces acquisition of a fifth Lithium Project in southeast Manitoba, through ground staking. The project is held by Lithium Canada, a 100% wholly owned subsidiary of PFN.
The Lithman East Project is situated approximately 6.5 km to the east of the Tanco Mine, which currently is producing Cesium Formate, a completion fluid for the petroleum industry, with Cesium extracted from the Tanco Pegmatite. The Tanco Pegmatite was discovered in the 1920s on the west shores of Bernic Lake. The mine went into production in 1969 and is still producing today. Previously, the Tanco Mine produced Tantalum and Spodumene (a primary Lithium ore mineral in Hard Rock Lithium mines). The mine was a Lithium mineral concentrate producer from 1986, until operations were suspended in 2009, and a Tantalum mineral concentrate producer until March 2013, when operation of the Tantalum circuit ceased. The Tanco Mine is operated by the Tantalum Mining Corporation of Canada (a division of the Cabot Corporation) and was previously North America’s largest and sole producer of Spodumene, Tantalum and Cesium. The 100% owned Lithman East Project consists of 12 claims for a total area of 2,490 hectares (6,153 acres), situated east and adjacent to mineral claims held by the Tantalum Mining Corporation of Canada.
The project area is located in the Bird River Greenstone Belt and was staked to cover portions of several Pegmatite groups in the Winnipeg River Pegmatite Field. Claims cover portions of the Bernic Lake, Rush Lake, and Birse Lake Pegmatite Groups. The Tanco Pegmatite is associated with the Bernic Lake Pegmatite Group of the Winnipeg River Pegmatite Field. Historically, numerous Pegmatites have been mapped in the region, but remain under explored. Field work is being planned to explore the area during the summer and fall of 2016.
Lithium Canada Development Inc. (100% wholly owned Subsidiary of Pacific North West Capital); total land holding in SE Manitoba as of July 2016: 6,181 hectares (15,274 acres).
The Tanco Pegmatite is not exposed at surface, except for under Bernic Lake. It is an extremely fractionated, rare-metal, complex type-Petalite subgroup, LCT (Lithium-Cesium-Tantalum) Pegmatite hosted in a late-stage, subvolcanic Gabbro. Current NI43-101 compliant resource calculations are not available for the Tanco Pegmatite. Academic publications have estimated the size of the deposit to be up to approximately 57 million tonnes. The last published mineral reserves (end of 1992) were 1.075 million tonnes of 0.12% Ta2O5, 3.5 million tonnes of 2.7% LiO2, and 315,000 tonnes of 23.3% Cs2O.
PFN considers the Lithman East Project to have the potential to host additional Lithium-bearing Pegmatites similar to others found in the region. The area has strong infrastructure, with active mining. The staking of this additional ground increases PFN’s claims in the Winnipeg River Pegmatite Field to 33, for a total of 6,181 hectares (15,274 acres). Lithman East Project is situated approximately 1.5 km to the southwest of the Lithium North Project, 5.5 km north of the Lithium One Project, and 9 km east of the Lithman West Project. The project has excellent infrastructure and is located approximately 150 km (93 miles) northeast of the provincial capital, Winnipeg. The recent staking efforts by the company have allowed Lithium Canada and PFN to become the largest area land holders in the Winnipeg River Pegmatite Field, in southeast Manitoba.
Further announcements with regard to joint venture partners and exploration plans will be forthcoming.
About The Company’s Lithium Division
The company’s new Lithium Division will focus on the acquisition, exploration and development of Lithium Projects in Canada. In the United States the company will use its wholly owned U.S.A subsidiary to acquire and develop projects in active mining camps in Nevada, Arizona and California.
Management believes that these New Age Metals, Lithium, PGMs and Rare Earths, have robust macro trends with surging demands and limited supply. Going forward, this new division will explore for the minerals needed to fuel the demand for energy storage and other core 21st Century Technologies.
The company has a growing portfolio of Lithium projects. The Clayton Valley Forks Li Project in Nevada is a recent Lithium Brine Project acquired by the company (PFN News Releases April 25th, 2016 and May 9th, 2016). The company also has Hard Rock Lithium projects in Canada (PFN News Releases April 21st, 2016 and May 24th, 2016).
Lithium and Platinum group metal prices have improved dramatically in recent months. Lithium supplies remain in deficit, relative to their demand. Both metals groups are used for the expanding worldwide automobile industry (conventional and electric). In the case of PGMs, demand is increasing for autocatalysts, a key component for reducing toxic emissions for automotive, gasoline and diesel engines. Regarding Lithium, there is an ever increasing demand for batteries in cellphones, laptops, electric cars, solar storage, wireless charging and renewable energy products.
About the company’s Platinum Group Metals Division
Achievements to date and future plans for River Valley are outlined below as follows:
- 1.PFN currently has 100% ownership in the River Valley Project, subject to a 3% NSR, with options to buy down;
- 2.Completed exploration and development programs on the River Valley property include more than 600 holes drilled since year 2000 and several mineral resource estimates and metallurgical studies;
- 3.Results for the current (2012) mineral resource estimate are below;
- 4.2015 drill program confirms new high grade T2 discovery
- 5.Exploration and development plans outlined for 2016
- 6.Ongoing strategic partner search for River Valley Project
- 7.Results for the most recent Metallurgical Testwork Study are summarized below:
– Prepared by Tetra Tech (Wardrop)
– High Confidence: Measured plus Indicated = 72% of total
– Reported on PdEq basis: Pd=40% & Pt=20% of the payable metals
– Pd to Pt ratio = 2.5:1; Cu to Ni ratio = 3:1
– High Grade potential, particularly in the north part of River Valley deposit
– Resources under evaluation for development potential as open pit mining operation
- 8.Results for the 2015 discovery drill program on the T2 target are as follows:
– Drill hole intercepts much higher than the average grade of current mineral resource estimate
– Possible new mineralized zone at the north end of the River Valley deposit
– Show potential to take the River Valley PGM Project in a new direction
– More drilling required
- 9. Exploration and Development Plans for 2016:
- -Mineral prospecting and geological mapping on surface-Drill programs targeted to add more higher grade-Geological interpretation and 2D/3D modeling of all drill and surface results
-Application to the OPA’s Junior Exploration Assistance Program (JEAP) for 33% refund
of all exploration expenditures up to $300,000.
- -Ongoing Strategic Partner Search for River Valley
QUALIFIED PERSON
The contents contained herein that relates to Exploration Results or Mineral Resources is based on information compiled, reviewed or prepared by Dr. Bill Stone, Principal Consulting Geoscientist for Pacific Northwest Capital. Dr. Stone is the Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the technical content.
On behalf of the Board of Directors
” Harry Barr ”
Harry Barr
Chairman and CEO
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.
Cautionary Note Regarding Forward Looking Statements. This release contains forward-looking statements that involve risks and uncertainties. These statements may differ materially from actual future events or results and are based on current expectations or beliefs. For this purpose, statements of historical fact may be deemed to be forward-looking statements. In addition, forward-looking statements include statements in which the Company uses words such as “continue”, “efforts”, “expect”, “believe”, “anticipate”, “confident”, “intend”, “strategy”, “plan”, “will”, “estimate”, “project”, “goal”, “target”, “prospects”, “optimistic” or similar expressions. These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company’s ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. The Company does not undertake any obligation to review or confirm analysts’ expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Investors should not place undue reliance on forward-looking statements.
Durango Receives Compilation Report For Nemaska Whabouchi Properties $DGO.ca
Durango Plans to Explore Silver Prospect $DGO.ca
American Creek Resources Commences Gold Hill Property Exploration $AMK.ca
Purevap(TM) Produces Pure Silicon Metal Material That Exceeds 1st Lab Threshold; Material Being Sent To 2nd Specialized Lab In United States For Detailed Analysis $UBR.ca
- Analysis confirms production of high purity silicon metal in all tests
- Extremely low impurity levels exceed lab detection capabilities
- Results Enter Project into next phase
- Testing protocol moving forward
MONTREAL, QUEBEC–(June 29, 2016) – Uragold (TSX VENTURE:UBR)(FRANKFURT:UGE)(OTC PINK:URAGD) is pleased to inform its shareholders that INRS – ETE (Institut National de la Recherche Scientifique, Eau Terre Environnement) Laboratory in Quebec City has advised Uragold that the first batch of samples produced by the PUREVAPâ„¢ Quartz Vaporization Reactor (QVR) following restart (May 25, 2016 Press Release) have been analyzed.
ANALYSIS CONFIRMS PRODUCTION OF HIGH PURITY SILICON METAL IN ALL TESTS
Multiple surface readings were completed using a Scanning Electron Microscope (SEM) associated with Energy Dispersive X-ray Spectroscopy (EDX) on samples T6, T7 and T9. The analyses confirm production of High Purity Silicon Metal (Si) by the PUREVAPâ„¢ QVR during all of the tests but the final purity level in ppb (parts per billion) is yet to be determined.
EXTREMELY LOW IMPURITY LEVELS EXCEED LAB DETECTION CAPABILITIES
Of significant interest is the fact that 22 different readings of 100% Si were observed. This can be attributed to the fact the impurity levels of the samples are so low that they were below the impurity detection level of the method utilized by INRS – ETE (1,000 ppm). As such, the method used detected purity levels greater than 99.9% Si and were rounded up to 100%. This first pass analytical process confirms the ability of the PUREVAPâ„¢ process to create high purity silicon metal exceeding 99.9% and the samples will now been sent to a specialized laboratory in the United States to determine the precise purity levels of the Silicon Metal.
“We are encouraged by these results as they confirm our expectations of our PUREVAPâ„¢ process,” said Pierre Carabin, Director of Engineering of PyroGenesis. “We are looking forward to receiving the additional tests results from the specialized laboratory in the US. In the meantime, we continue to pursue our testing program.”
Bernard Tourillon, Chairman and CEO of Uragold stated, “These test results represent a significant milestone as one of the key goals of our project has been reached – the establishment of a high purity (99.9+%) baseline for the material produced by the reactor. Reaching our goal of transforming Uragold Quartz into Solar Grade Purity Silicon seems even more attainable.”
RESULTS ENTER PROJECT INTO NEXT PHASE
At the outset, theoretical modeling of the process indicated that transforming Uragold Martinville Raw Quartz into High Purity Silicon Metal was feasible. Today’s results now validate this. Therefore, the program is now moving beyond the metallurgical testing phase into an R&D program strictly focused on improving the PUREVAPâ„¢ QVR beneficiation capability for the express purpose of determining maximum purity and advancing to the pilot plant stage.
TESTING PROTOCOL MOVING FORWARD
The original test protocols called for any material that exceeded the lower limit of detection of the SEM-EDX to be further tested using Laser Ablation Inductively Coupled Plasma Mass Spectrometry (LA-ICP-MS) analysis. The Lab has advised the INRS that it lacked a High Purity Silicon Quality Assurance Standards for LA-ICP-MS analysis in order to validate results. Furthermore, because of contamination risk associated with the Inductively Coupled Plasma Mass Spectrometry testing, it was decided the material should be sent to a specialised laboratory in the US for neutron activation analysis (NAA) testing.
Testing Methodology:
The SEM-EDX analysis were completed at the INRS – ETE laboratory in Quebec City.
The scanning electron micrographs (SEM) USED are Carl Zeiss EVO® 50 smart SEM equipped with a range of imaging detectors, including: an Everhart-Thornley Secondary Electron Detector, for topographic image.
Backscattered electron (BSE) images allow the viewing of images in chemical contrast, depending of the mean atomic number of the specimen. The systems use a 4 Quadrant backscattered electron detector (QBSD).
The elemental analysis of the particles present on the surface is enabled by an energy dispersive X-ray spectrometry (EDS) Microanalysis System (model: Oxford Instruments, INCAx-sight EDS Detectors). This EDS is a Lithium drifted Silicon detector Si (Li). EDS can detect element from Beryllium (z=4) to Uranium (z=92). This detector must be operated at liquid nitrogen temperatures.
- EDS Resolution: 133 eV.
- Detection limits: 1,000 ppm
Settings used for the analysis: Accelerating voltage usually used is 20 kV, Working distance: WD: 8.5 mm for EDS analysis, for image in SE.
Sample preparation
- The samples were mounted on conventional 12.7 mm diameter aluminum stubs using double sided adhesive carbon discs. The all is clamped in a multi-stub holder.
- The samples were coated with a thin layer (20-30 nm) of conductive medium, such as gold, to increase conductivity and thus to minimise sample charge up.
Pierre Carabin, Eng., M. Eng., has reviewed and approved the technical contents of this press release.
About Uragold
Uragold Bay Resources is a TSX-V listed junior exploration company planning to become a vertically integrated and diversified High Value Specialty Materials Company. Uragold has announced plans to spin out its Beauce Gold Project – the largest placer gold deposit in eastern North America. Our Business model is focused on developing unique projects that can generate high yield returns and significant free cash flow within a short time line.
High Value Specialty Materials
In September 2015, PyroGenesis announced that it had filed for a provisional patent for the PUREVAPâ„¢ Quartz Vaporization Reactor (QVR) process, which it noted was able to produce silicon, at a lower cost, while generating less CO2 emissions than current processes.
On April 19, 2016, PyroGenesis announced that early test results of the PUREVAPâ„¢ QVR process have demonstrated that it can transform high purity quartz into silicon metal. The PUREVAPâ„¢ QVR validation program his now in its second stage whereby the operational parameters of the reactor are adjusted in order to achieve the transformation of Uragold Quartz into Solar Grade Purity Si.
Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAPâ„¢ QVR, is endeavouring to become a vertically integrated Silicon Metal (98.5% Si), High Purity Silicon Metal (99.99% Si), Solar Grade Silicon Metal (6N Purity / 99.9999% Si) and/or Higher (9N Purity / 99.9999999% Si) producer.
The PUREVAPâ„¢ QVR process’s big advantage is its one step direct transformation of Quartz into High Purity Silicon Metal Solar Grade Silicon Metal and/or Higher Purity product, thereby potentially allowing Uragold to manufacture high value material for the same operating cost presently being paid by traditional producers to make Metallurgical Grade Si (98.5% Si) using the traditional arc furnace approach.
The Science Behind PyroGenesis PUREVAPâ„¢ QVR Process Is Solid:
- Plasma arc based process can and has transformed High Purity Quartz into Mg Si.
- Plasma arc based process can and is being used to purify Mg Si into higher value materials such as Sg Si.
- Finally, refining Mg Si using an electron-beam furnace in a high vacuum-processing environment has proven the concept of the elimination of elements whose vapor pressures are higher than that of silicon.
What is unique and ground breaking is the combination of these three proven processes into one step.
A Green And Clean Company
Uragold, with its worldwide exclusive usage of PyroGenesis’ PUREVAPâ„¢ QVR will also be implementing a process to make Sg Si, which is estimated to generate 14.1 kg CO2 eq/Kg SG Si, versus the 54.0 kg CO2 eq/Kg SG Si of emissions generated by the Siemens process (90% of the present production process). This represents 75% fewer greenhouse gas emissions, which is justified by elimination of the emissions emanating from the use of chemicals, as well as, energy consumption from the additional purification step.
High Purity Quartz Properties
Uragold is also the largest holder of High Purity Quartz properties in Quebec, with over 3,500 Ha under claims. Despite the abundance of quartz, very few deposits are suitable for high purity applications. High Purity Quartz supplies are tightening, prices are rising, and exponential growth is forecast. Quartz from the Roncevaux property successfully passed rigorous testing protocols of a major silicon metal producer confirming that our material is highly suited for their silicon metal production.
This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding the acceptance of our products by the market, our strategy to develop new products and enhance the capabilities of existing products, our strategy with respect to research and development, the impact of competitive products and pricing, new product development, and uncertainties related to the regulatory approval process. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.
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.
Uragold
Bernard J. Tourillon
Chairman and CEO
(514) 907-1011
Uragold
Patrick Levasseur
President and COO
(514) 262-9239
www.uragold.com
Paradox Public Relations Inc.
Carl Desjardins
(514) 341-0408











