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BGF Stakes a Portfolio of 21 Phosphate Properties Throughout Quebec
Montreal, Quebec--(Newsfile Corp. - May 4, 2023) - Beauce Gold Fields (TSXV: BGF) (Champs D'...
About this update from Beauce Gold Fields, Inc.
[{"type":"text","content":"BGF Stakes a Portfolio of 21 Phosphate Properties Throughout QuebecMontreal, Quebec--(Newsfile Corp. - May 4, 2023) - Beauce Gold Fields (TSXV: BGF) (Champs D'Or en Beauce), (\"BGF\" or the \"Company\") is pleased to announce it has acquired, through map staking, 21 prospective phosphates (P2O5) properties throughout Quebec. Phosphate is used in agriculture and is also a key component in producing lithium iron phosphate (LFP) batteries, which are increasingly used in electric vehicles.Patrick Levasseur, President and CEO of Beauce Gold Fields, said, \"The use of phosphate in LFP batteries creates a new demand for this critical resource, which could exacerbate the issue of Peak Phosphate.\" Mr. Levasseur further stated, \"Quebec's geology holds a high potential for new phosphate discoveries.\"Phosphate Properties in QuebecTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/6198/164777_7ec3079ea42d7bc9_001full.jpgThe 21 acquired projects are strategically located and are geologically prospective. The properties were staked throughout southern Quebec and comprised 300 claims totaling 19,935 hectares that are 100% owned and royalty-free. The Company's selection criteria were to stake properties that held historical phosphate (P2O5) occurrences or sample data and are accessible for exploration. Data was sourced from Quebec's Ministère des Ressources Naturelles (MERN), Système d'information géominière du Québec (SIGEOM) and the Géofiche databases.The Company will continue with data analysis to rank the proprieties for their P2O5 potential. Properties deemed to have the highest potential will be prioritized for on-site exploration and outcrop sampling. This will be done concurrently with the Company's gold projects.PropertyRegionHost RockMineralsP2O5 Grade*Riv. CascapédiaGaspésieMudstonePhosphate14%St-CléophasGaspésiePhosphoritePhosphateSt-René de MataneGaspésieSchistePhosphate12%Manouane EstLac Saint-JeanAnorthositePhosphateManouane NordLac Saint-JeanAnorthositePhosphateManouane Lac Saint-JeanAnorthositePhosphateLac PicLac Saint-JeanAnorthositePhosphateCH-98-0Lac Saint-JeanLeuconoritePhosphate8.59%Des CommissairesLac Saint-JeanAnorthositePhosphate-Titanium6.94%Carriere du Rang 1Lac Saint-JeanGabbronoritePhosphateRiv. aux OutardesBai...