The Company has been operating a single, profitable, blue quartzite quarry since January of 2021 and is anticipating the startup and commissioning of 2 new quarries in the second half of 2023. Further quarries are planned to follow in 2024 and beyond.
Work at the second quarry (Quarry 2) has commenced. The rock face has been exposed and 2 test blocks have been extracted and are being cut and polished in order to produce a set of 10-15, 2cm thick slabs. These slabs will be ready for market testing and evaluation by mid-September. The quartzite material found in Quarry 2 has a blue and white colour scheme, which combines with yellows and browns near to surface where water has infiltrated the formation.
'The material exposed demonstrates alluring aesthetics and durability, characteristics which are suggestive of a new highly marketable material. This new material is amenable to quarrying and sale into
Quarry 2 is situated on mine claim ANM 831.748/2020 and has been awarded a mining license by the
The Company's planned third quarry (Quarry 3) is situated on the same mine claim as Stakeholder's current operating blue quartzite quarry (Quarry 1), some 800 meters distance from the operating face. As such, extraction from Quarry 3 will require only a site visit from the
Contact:
Tel: 416 525 - 6869
Email: cberlet@stakeholdergold.com
Forward-Looking Information
This news release contains forward-looking information. All information, other than information of historical fact, constitute 'forward-looking statements' and includes any information that addresses activities, events or developments that the Corporation believes, expects or anticipates will or may occur in the future including the Corporation's strategy, plans or future financial or operating performance.
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