Vancouver, British Columbia – (Newsfile Corp. – April 28, 2021) – Quebec Silica Resources Corp. (CSE: QTZ) (“Silica from Quebec“or the”Company“) is pleased to announce that it has entered into an agreement to acquire a 100% interest in additional mining claims located near its Charlevoix Silica property in the municipality of Lac-Pikauba in the province of Quebec, Canada , approximately 40 km north of Baie-Saint Paul The newly acquired Roche Blanche property consists of seven contiguous mineral claims covering a total area of 404.81 hectares.
The Roche Blanche property is located approximately 1.3 km along a geological direction from the Company’s flagship property, Charlevoix. The high-grade silica formation, known as Quartzite du Petit lac Malbaie, is actively exploited by neighboring operators and is being mapped to extend across the Charlevoix property and across the new Roche Blanche property.
“The Quebec Silica team is pleased to continue to expand our land position and look forward to an aggressive exploration season on our assets this year. This acquisition is another step towards achieving our goal of providing high quality silica. quality for use in advanced battery technology.“- Raymond Wladichuk, CEO.
Disclaimer: Investors are cautioned that the above information comes from publicly available sources, in particular the database of the Quebec Ministry of Energy and Mines (MERN). The Company has not been able to independently verify the information contained. Information is not necessarily indicative of mineralization on the property, which is the subject of this press release. The company will have to carry out exploration work to confirm the historical mineralization reported on the property. There is no guarantee that any significant discoveries will be made as a result of its exploration efforts.
Quebec Silica acquired the mining claims comprising the Roche Blanche property from an arm’s length group of parties under a property purchase agreement dated April 26, 2021 (the “Effective dateUnder this agreement, Québec Silica will acquire its 100% interest in the Roche Blanche property by issuing a total of 4,000,000 common shares, at a deemed issued price of $ 0.10, on the date of entry into force. force. Certain sellers will retain 2.0% NSR of any future production, Quebec Silica has the right to reduce the NSR from 2.0% to 1.0% NSR by paying $ 1,000,000.
The issuance of common shares is subject to obtaining all required regulatory approvals, including that of CSE. Common shares will be subject to a “hold” period of four months and one day from their date of issue.
Raymond Wladichuk, P.Geo., CEO of Quebec Silica, and a “Qualified Person” for National Instrument 43-101 – Disclosure standards for mining projects has reviewed and approved the scientific and technical information contained in this press release.
About Quebec Silica Resources Corp.
Quebec Silica is a mineral exploration company focused on the acquisition and exploration of mineral resource properties with a focus on the Charlevoix Silica property located near Clermont, Quebec, Canada.
Additional information on Quebec silica. is available at www.quebecsilica.com.
On behalf of the Board of Directors,
QUEBEC SILICA RESOURCES CORP.
“Raymond Wladichuk, geo”.
Chief executive officer
Neither the Canadian Securities Exchange nor its regulatory services provider (as that term is defined in the policies of CSE) accepts responsibility for the adequacy or accuracy of this press release and has neither approved or disapproved of the contents of this press release.
This press release contains statements that constitute “forward-looking statements”. These forward-looking statements involve risks, uncertainties and other known and unknown factors which may cause the actual results, performances or achievements of Quebec Silica, or developments in the industry, to differ materially from the results, performances or achievements. anticipated expressed or implied by these forecasts. forward-looking statements. Forward-looking statements are statements which are not historical facts and which are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “believes”. “,” Plans “,” “potential” and similar expressions, or that events or conditions “will”, “occur”, “could”, “could” or “should” occur.
Although Quebec Silica believes that the forward-looking information contained in this press release is reasonable based on information available at the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors that may affect future results, performance or achievements, or other events, must be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.
Examples of such assumptions, risks and uncertainties include, but are not limited to, assumptions, risks and uncertainties associated with general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining sector; the company’s ability to access sufficient capital from internal and external sources, and / or the inability to access sufficient capital on favorable terms; the mining industry and markets in Canada and in general; the ability of Québec Silica to implement its business strategies; competition; and other assumptions, risks and uncertainties.
The forward-looking information contained in this press release represents the Company’s expectations as of the date of this press release and, therefore, is subject to change after this date. Readers should not place undue importance on forward-looking information and should not rely on such information as of any other date. Although the Company may choose to do so, it does not undertake to update this information at any given time, except as required in accordance with applicable laws.
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