Tuesday 6th December 2016

Resource Clips


Posts tagged ‘alumina silica’

Electra Stone signs LOI to build and sell B.C. jade products in China

March 10th, 2016

by Greg Klein | March 10, 2016

Electra Stone TSXV:ELT moved closer to its goal of establishing a Chinese base for British Columbia nephrite jade products with a letter of intent announced March 10. The arrangement would have LYG Anlan Company Ltd, a Chinese jade and construction material manufacturer, design and build jade and other products for Electra. The output would be marketed through LYG’s network and new channels developed by Electra.

Electra Stone signs LOI to build and sell B.C. jade products in China

The agreement would also bring Kim Chen to Electra’s advisory board. Chen is a principal with J.L. Arts and Crafts, which makes over 150,000 products a year, mostly from B.C. jade. He started his first carving and manufacturing company in the 1960s and later mined B.C. jade and semi-precious carving stones under his own company, Kim Mining.

“We are privileged and excited to have Mr. Chen as part of the Electra Stone team,” said Tony Hu, VP of investor relations and marketing. “With over 50 years of knowledge and experience, Mr. Chen provides critical expertise and insight into the global jade and other semi-finished products market, an essential component of Electra’s successful development in China moving forward.”

Electra holds six jade prospects totalling 5,850 hectares in northern B.C. Four of them underwent an initial prospecting program last autumn that confirmed nephrite jade on two properties.

As part of its plan to develop a vertically integrated operation, the company has bought and shipped 36 tonnes of B.C. jade to China, making its first sale of 1.8 tonnes in November. In January Electra announced a contract to buy another 250 tonnes of jade.

In addition the company quarries chalky geyserite, also known as alumina silica, from its PEM100 operation on Vancouver Island and sells it to a cement manufacturer. Last year’s production and sales came to 65,540 tonnes, a 13% year-over-year increase. In February Electra announced a drill program to determine the potential for a new high-grade silica product.

In January the company closed a $501,060 private placement.

Read more about Electra Stone.

See infographics: The History of Jade, the Emperor’s Stone and The Rush for Jade in British Columbia.

Electra Stone to drill Vancouver Island industrial minerals project

February 16th, 2016

by Greg Klein | February 16, 2016

A British Columbia industrial minerals operation with a regional market will complete an expanded drill program in the coming weeks, Electra Stone TSXV:ELT announced February 16. The company plans 15 percussion drill holes ranging from 14 to 40 metres on its PEM100 quarry near Apple Bay on Vancouver Island. The operation produces chalky geyserite, also known as alumina silica, for cement manufacturing. With the new program, Electra intends to update the mine plan and explore the potential for producing a new high-grade silica product, the company stated.

Electra Stone to drill Vancouver Island industrial minerals project

An expanded drill program might find additional potential
for Electra Stone’s industrial minerals operation.

“Although high-grade silica is already mined in the quarry to blend with higher-grade alumina silica, Electra Stone has identified a potential market opportunity for a stand-alone high-grade silica product,” said president/CEO John Costigan. “This program may allow us to expand the annual output of the PEM100 quarry and increase the company’s revenue. Regional consumption of alumina silica and high-grade silica is estimated to be greater than 500,000 tonnes per annum. Management continues to improve operational efficiencies at the PEM100 quarry.”

Last year’s production and sales came to 65,540 tonnes of chalky geyserite, a 13% year-over-year increase.

On another front, Electra has been building a vertically integrated operation to supply Asian customers with nephrite jade from B.C. The company has so far bought and shipped 36 tonnes of B.C. jade to the People’s Republic of China. Electra reported its first sale of 1.8 tonnes in November. Last month the company announced a contract to buy another 250 tonnes of nephrite jade.

Nephrite jade is used for building and ornamental purposes, while jadeite is more commonly used for jewelry.

Electra also holds six jade prospects in northern B.C. totalling 5,850 hectares. Four of them underwent an initial prospecting program last autumn, confirming nephrite on two properties.

Last month the company closed a $501,000 private placement.

Read more about Electra Stone.

See infographics: The History of Jade, the Emperor’s Stone and The Rush for Jade in British Columbia.