Seeking the bedrock source of the Beauce's famous placer gold deposits

The Beauce Gold Field Project is a unique, historically prolific gold field located in the municipality of Saint-Simon-les-Mines in the Beauce region of Southern Quebec. 100% owned by HPQ Silicon, the project area hosts a six km long unconsolidated gold bearing sedimentary units (a lower saprolite and an upper brown diamictite) holding the largest placer gold deposit in eastern north America. The gold in saprolite indicates a close proximity to a bedrock source of gold providing significant potential for further exploration discoveries. HPQ Silicon is focused on developing the Beauce Gold Project to be the first gold mine in southern Quebec in 50 years.

Major Discovery - Gold in Saprolite

Saprolite-Till-v4For more than a century, it has been a misconception that the Beauce Placer gold was a buried, preglacial, alluvial gold and gravel channel. In fact, the placer gold sits in units of saprolite and a diamictite till. Saprolite is heavily weathered bedrock from which the gold has been liberated. This and the fact that gold grains extracted were delicate and pristine suggests a proximate source of gold in the bedrock below.

Project Highlights

•    Permitted for Phase 1 production
•    6 km long gold in till and saprolite anomaly
•    Significant potential for further exploration discoveries
•    Geology suggest a proximate bedrock source of gold
•    Polygonally calculated Gold Exploration Target, for the entire historical placer channel ranging between 61,000 ounces (2,200,000 m3 @ 0.87 g Au/m3) and 366,000 ounces* (2,200,000 m3 @ 5.22 g Au/m3).
•    176 acres of real estate 100% owned by Uragold
•    37 mining claims 100% owned

Completed Permiting

•    Certificate of authorization (CA) MDDELCC (ministère du Développement durable, de l’Environnement et de la Lutte contre les changements climatiques du Quebec)
•    CA Municipality of St-Simon les Mines
•    CA CPTAQ (Commission de protection du territoire agricole)
•    CA Fisheries and Oceans Canada
•    Office of the Surveyor General of Quebec
•    Mining Lease (Pending)

Completed Work And Exploration

•    12 Sonic Drill Holes
•    4 Diamond Drill Holes
•    Open pit engineering studies (WSP Group)
•    Full environmental audit (WSP Group)
•    Hydrology study and mapping
•    Leapfrog geological 3D modelling
•    12 Geoelectrical Tomography and IP Surveys
•    Gold grain Scanning electron microscopy
•    Mineral concentrate chemical analysis
•    LIDAR airborne laser mapping (ALSM), laser altimetry, contour mapping
•    Wash plant gold and gravel recovery tests
•    Sedimentological studies
•    Full environmental audit

Historical Exploration

•    2011 – Fancamp Exploration– 5 DDH Holes
•    2010 – Fancamp Exploration – VTEM airborne EM (electromagnetic)
•    1987 – Macamic Resources, 38 RC drill holes
•    1986 – Coniagas Mines, 40 RC drill holes, extensive exploration work
•    1985 – Geological Survey of Canada, 4 Sonic Drill holes
•    1958 – Beauce Placer Co, 199 Churn Drill holes

Notable Historical Productions

•    1959 – 61 New York Alaska Dredging Co, 1961 – 64, Beauce Placer Co est production 56,000 oz
•    1868 -1878 Lockwood Co. shafts & tunnels, avg. 2.5g/m2
•    St-Onge Nugget 43 oz, McDonald Nugget 45, Kilgour Nugget 51

Quotes

“50 ounce nuggets don’t travel from valley to valley” Remi Charbonneau P.geo. PhD. Commenting on a possible close proximate bedrock source of placer gold

“When the gold is coarse it usually follows that actual dredging recoveries are higher than drill estimates” Rose, 1959 Beauce Placer engineer

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3000 Rue Omer Lavallée #306, Montréal
QC H1Y 3R8, Canada

Call Us: +1 514 846 3271
Fax Us: +1 514 372 0066

Important Notice
Please note that many if not most of the references to minerals reserves, resources, tonnages or grades referred in our press releases, geological summary reports or maps on this website are historical in nature. Furthermore some of these data were generated by the various sources prior to the implementation of NI 43-101 regulations. Readers are cautioned not to rely upon these information unless HPQ Silicon specifically indicates that they are NI 43-101 compliant.

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