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Uragold Creates Quebec Quartz for High Purity Silica Exploration, Development and R&D
(via Thenewswire.ca) Montreal, Quebec / TNW-ACCESSWIRE / June 26 2014 / Uragold Bay Reso...
About this update from Hpq Silicon Inc
[{"type":"text","content":"Uragold Creates Quebec Quartz for High Purity Silica Exploration, Development and R&D(via Thenewswire.ca)\n \n \nMontreal, Quebec / TNW-ACCESSWIRE / June 26 2014 / Uragold Bay Resources Inc. (\"Uragold\") (TSX Venture: UBR) is pleased to announce the creation of Quebec Quartz, a 100 % owned subsidiary into which it will consolidate all of its High Purity Quartz (\"HPQ\") assets.\n\n\n \nUragold acquired some of the most prospective historical HPQ deposits with High Purity Silica (+98.5% SiO2) (HPS) values in Quebec during Q2 2014. While quartz is the second most abundant mineral in the world, high purity quartz deposits with low impurities are rare.\n\n\n \nThere is an exponential growth in the demand for HPS, not only for Silicon metal (Si) which is used in the aluminum industry but also for its multiple usages related to high tech products, such as: semi-conductors, LCD display panels and solar cells. World supplies are tightening and HPS prices are rising. Quartz from China, India, Madagascar and Brazil are noted to have inconsistent quality and must be extensively beneficiated (purified), since they are mixed from multiple sources. The HPS deposits that the Corporation has staked in Quebec can potentially have substantially higher margins as additional processing may not be necessary for end user applications. \n\n\n \nIn the industrial metal and mineral space, producers require quality and consistency of product and prefer long-term supply agreements. The Corporation will develop its HPQ assets as a separate entity in order to streamline its management and development while maximizing the visibility of the Corporation's portfolio of properties to potential end users.\n\n\n \nQuebec Quartz activities will focus on the following:\n\n\n \n\n\n1.Exploration of the properties mentioned in the May 22, 2014 news release,: http://www.uragold.com/pressreleases/60-052214.pdf. \n\n\n\n2.Acquisition of additional HPS properties \n\n\n\n3.Develop and implement testing protocols in association with industry leaders to better match Quebec Quartz HPS to end user needs. \n\n\n\n4.Research and Development: the Corporation intents to team up with strategic partners in finding new applications for its HPS. \n\n\n\n\n \nMr. Levasseur stated, \"The size and scope of the HPS market is enormous and we are very excited about the potential developme...