- Quebec Silica Resources Corp. (QTZ) has completed an airborne UAV magnetic survey on its Charlevoix Silica Project
- The Charlevoix project consists of six mineral claims totalling approximately 347 hectares
- A quartzite formation comprised of high-grade silica is actively being mined by neighbouring operators and is mapped to cut across the property
- Quebec Silica also announces the granting of 550,000 incentive stock options to certain directors, officers, employees and consults of the company at an exercise price of $0.20 in accordance with its 10 per cent rolling incentive stock option plan
- The previously announced option plan, administered by Quebec Silica’s board, allocated 2,600,000 options to grant to said directors, officers, employees, and consultants
- Quebec Silica Resources Corp. (QTZ) is unchanged trading at $0.21 per share at 10:27 a.m. ET
Quebec Silica Resources Corp. (QTZ) has completed an airborne UAV magnetic survey on its Charlevoix Silica Project. The company is waiting on the results.
Raymond Wladichuk, CEO of Quebec Silica, commented,
“The results of this survey will give us a better understanding of the structure of the high-grade silica formation and will allow us to plan and permit the next steps; in developing this asset.”
Vision 4k completed the survey along with Geophysique TMC by using state-of-the-art UAV magnetic technology.
The Charlevoix project consists of six mineral claims totalling approximately 347 hectares.
A quartzite formation comprised of high-grade silica is actively being mined by neighbouring operators and is mapped to cut across the property.
Through geological processes, the quartzite formation has experienced structural deformation such a folding as a result the hinge of the fold lies near the centre of the property and is mapped to be one of the widest occurrences of the formation in the area.
The Charlevoix high-grade silica project is located approximately 40 kilometres North of Baie-Saint-Paul, Quebec.
Quebec Silica also announces the granting of 550,000 incentive stock options to certain directors, officers, employees and consults of the company at an exercise price of $0.20 in accordance with its 10 per cent rolling incentive stock option plan.
The previously announced option plan, administered by Quebec Silica’s board, allocated 2,600,000 options to grant to said directors, officers, employees, and consultants.
Each option is convertible into a common share at a price of $0.10 per common share.
Quebec Silica Resources Corp. (QTZ) is unchanged trading at $0.21 per share at 10:27 a.m. ET.