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New Listing: Quebec Silica Resources Corp. (CSE:QTZ)

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The company acquired a 100% interest in the Charlevoix Silica Property from Macdonald Mines for 1 million shares. The property, which is located in the mining friendly Province of Quebec, is approximately 120 kilometers from Quebec City.

Additional Information:

Company: Silica Resources Corp.
Website: http://www.QuebecSilica.com
Stock Symbol: CSE: QTZ
Date Published: Apr 23, 2021
Transcript: Available

Video Transcript:

I’m Cassandra Bolinski for Investmentpitch Media

Quebec Silica Resources Corp. is one of the latest new listings on the Canadian Securities Exchange, trading under the symbol “QTZ”.

The company raised gross proceeds of $990,000 from the placement of 19.8 million shares priced at $0.05.

The shares are trading at $0.15.

The company acquired a 100% interest in the Charlevoix Silica Property from Macdonald Mines for 1 million shares.

The property, which is located in the mining friendly Province of Quebec, is approximately 120 kilometers from Quebec City.

The 347-hectare property, which consists of 6 mining claims, is close to an established townsite, highway, port, utility, and airport infrastructure and is easily accessed by established gravel roads.

Silica is mined from various types of silica-bearing materials, including quartzite which is the type of silica at the Charlevoix property.

The quartzite formation consisting of high grade silica extends into and is interpreted to thicken within the company’s claim block.

The 2020 field program showed that the property is covered by dense vegetation.

83 of 87 quartzite samples collected in 2020 consisted of greater than 97.00% silicon dioxide.

The company’s Technical Report recommends that $105,000 be spent on an exploration program including geophysical surveys to delineate the contact between the quartzite unit and the surrounding rocks and to determine the thickness of the quartzite.

It is recommended that the quartzite layer be stripped and sampled in detail along the entire length of the quartzite to determine the purity and homogeneity of the quartzite.

A January 2021 report by Technavio valued the silicone market at $18.2 billion in 2018, forecasting it reach $91.4 billion by 2026, registering a compound annual growth rate of 22.5% from 2019 to 2026.

For more information, please visit the company’s website www.QuebecSilica.com, contact Elyssia Patterson, CFO, at 778-926-8596 or by email at info@QuebecSilica.com.

I’m Cassandra Bolinski for Investmentpitch Media