Electra commences Apple Bay Drill program
Vancouver, British Columbia - Electra Stone Ltd. (TSX Venture: ELT) (“Electra”) or the (“Company”) is pleased to announce it has commenced the drilling of approximately 30 shallow percussion drill holes ranging from 14 to 40 meters at the Company’s PEM 100 quarry on Holberg Inlet, Vancouver Island. The program will be focused focused on the further characterization of the known alumina silica mineralization currently produced at the quarry and will provide a greater operational understanding of the potential economic benefit and the extent of high grade (>95%) silica within the existing mine plan.
About Electra Stone
Electra Stone Ltd. has been operating the PEM 100 quarry continuously since 2003. In 2015 the Company entered into a new market and with the focus on building a vertically integrated nephrite mining, trading & marketing company. Electra continues to develop its international market presence and grow the sale of industrial minerals regionally as well as Jade from British Columbia into Asian markets.
For further information and sales enquires on Electra Stone Ltd. please visit www.electrastone.com
Or contact: Tyler Lowes @ firstname.lastname@example.org or 604-620-8589.
On behalf of the Board of Directors,
President and Director.
Forward Looking Statement
This document contains forward looking statements. Forward looking statements in this news release include: that we will complete 30 drill holes by late April, 2016; the composition of the drilling; that the drilling can expand and update the known aluminum silica resource; that we may be able to produce a new stand alone silica product; and that the regional consumption of aluminum silica and high grade silica is growing. Forward information is subject to significant risks and uncertainties, as actual results may differ materially from forecasted results. Factors which may prevent the forward looking statements from coming to fruition include: that we may not be able to drill as planned, as a result of weather, logistics, labour or regulatory issues; drilling may prove that our silica resource cannot be expanded; we may not have sufficient high grade silica to make production profitable; and consumption of silica may decline. Forward-looking information is provided as of the date hereof and is based on current expectations, including, but not limited to timing of mineral resource estimates, future exploration or project development programs and the impact on the Company of these events. We assume no responsibility to update, or revise them to reflect new events or circumstances, except as required by law. For a detailed list of risks and uncertainties as it relates to Electra Stone Ltd., please refer to the Company’s 2014 Management Discussion and Analysis filed on SEDAR.
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.