Welcome!

News Feed Item

Rio Grande Acquires Strategic Silica Property in Southeastern BC

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/28/14 -- Rio Grande Mining Corp. (TSX VENTURE:RGV) (the "Company") is pleased to announce that it has entered into an agreement to purchase a 100% interest in the Zim Frac silica claim (the "Zim Frac Claim") located near the town of Golden in south-eastern British Columbia. The property comprises an area of 807.77 hectares that covers over 4 kilometers of the favourable Mt. Wilson Quartzite Formation (MWQF), known to consist of fine-grained higher purity white quartzite.

The MWQF is recognized for hosting economic deposits of friable and lump quartzites of greater than 99.5% silicon dioxide with two fully permitted and operating silica mines. The Geological Survey of Canada mapped the Golden area with focus on the Moberly silica camp, which included the Zim Frac Claims in 1980 (GSC Map 1497A). In 2010 fourteen samples collected from the property during a reconnaissance exploration program by previous operators ranged from 98.835% to 99.4%, with twelve of the samples grading over 99%. Locally, the MWQF is estimated to be at least 200 meters thick (Lindinger, 2010). The claims lie within 3 to 5 km northeast of Golden, British Columbia, a regional transportation center that is on the Trans Canada Highway and includes a major rail yard facility.

The adjacent Moberly silica mine is presently engineering a new silica frac sand plant to supplement their current production. The Hunt Silica mine, which lies 12 kilometers to the south, has previously shipped polysilicon grade silica to a silicon refinery in Washington State.

The Company is purchasing a 100% interest in the Zim Frac Claims from Zimtu Capital Corp. and Cannon Bridge Capital Corp., two arm's length vendors, in consideration for the issuance of 1,000,000 common shares to each, for a total of 2,000,000 common shares, and subject to a 2% NSR. The terms of the sale are subject to the acceptance of the TSX Venture Exchange.

The company is proposing a bulk sampling program and two shallow drill holes in order to confirm the MWQF's depth and thickness within the property.

Adrian Lamoureux, President & CEO stated, "Many industry experts see the silica sector having strong growth potential as demand increases from solar panels and other high tech applications".

The Company is also pleased to announce the appointment of Thomas Hasek, P. Eng. to the "Board of Advisors". Mr. Hasek is a geologist with over 40 years in the mining industry. The technical information in this news release has been reviewed and accepted by Thomas Hasek, P. Eng., a Qualified Person in accordance with NI 43-101.

About Silica

Silicon dioxide (SiO2), also known as silica, has many applications, depending on purity. High-grade silicon metal and polysilicon are used in many high tech applications including microelectronics, computer chips, and solar panels.

On behalf of the Board of Directors,

Adrian Lamoureux, President & CEO

Neither the TSX Venture Exchange nor its regulation services provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. Statements made in this news release that are not historical facts are "forward-looking statements", and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these "forward-looking" statements.

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Up until last year, enterprises that were looking into cloud services usually undertook a long-term pilot with one of the large cloud providers, running test and dev workloads in the cloud. With cloud’s transition to mainstream adoption in 2015, and with enterprises migrating more and more workloads into the cloud and in between public and private environments, the single-provider approach must be revisited. In his session at 18th Cloud Expo, Yoav Mor, multi-cloud solution evangelist at Cloudy...
When you focus on a journey from up-close, you look at your own technical and cultural history and how you changed it for the benefit of the customer. This was our starting point: too many integration issues, 13 SWP days and very long cycles. It was evident that in this fast-paced industry we could no longer afford this reality. We needed something that would take us beyond reducing the development lifecycles, CI and Agile methodologies. We made a fundamental difference, even changed our culture...
The proper isolation of resources is essential for multi-tenant environments. The traditional approach to isolate resources is, however, rather heavyweight. In his session at 18th Cloud Expo, Igor Drobiazko, co-founder of elastic.io, drew upon his own experience with operating a Docker container-based infrastructure on a large scale and present a lightweight solution for resource isolation using microservices. He also discussed the implementation of microservices in data and application integrat...
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Containers have changed the mind of IT in DevOps. They enable developers to work with dev, test, stage and production environments identically. Containers provide the right abstraction for microservices and many cloud platforms have integrated them into deployment pipelines. DevOps and containers together help companies achieve their business goals faster and more effectively. In his session at DevOps Summit, Ruslan Synytsky, CEO and Co-founder of Jelastic, reviewed the current landscape of Dev...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at Logz.io, will explore the value of Kibana 4 for log analysis and will give a real live, hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He will examine three use cases: IT operations, business intelligence, and security and compliance. This is a hands-on session that will require participants to bring their own laptops, and we will provide the rest.
IoT is at the core or many Digital Transformation initiatives with the goal of re-inventing a company's business model. We all agree that collecting relevant IoT data will result in massive amounts of data needing to be stored. However, with the rapid development of IoT devices and ongoing business model transformation, we are not able to predict the volume and growth of IoT data. And with the lack of IoT history, traditional methods of IT and infrastructure planning based on the past do not app...
"LinearHub provides smart video conferencing, which is the Roundee service, and we archive all the video conferences and we also provide the transcript," stated Sunghyuk Kim, CEO of LinearHub, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We're bringing out a new application monitoring system to the DevOps space. It manages large enterprise applications that are distributed throughout a node in many enterprises and we manage them as one collective," explained Kevin Barnes, President of eCube Systems, in this SYS-CON.tv interview at DevOps at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.