- Silicon Metals Corp. (CSE: SI) expands its mining claims with the Maple Birch Project, covering 1,848 hectares.
- The project holds a permit for extracting up to 3,000 tonnes per year of high-purity quartz pegmatite.
- Historical bulk samples from the project have sold for USD $1,000 per ton.
Silicon Metals Corp. (CSE: SI) has announced the acquisition of additional mining claims totaling 1,848 hectares as part of its new Maple Birch Project in the Sudbury Mining District of Ontario. The key feature of this project is its Aggregate Production Permit, which allows for the extraction of up to 3,000 tonnes per year of high-purity quartz-rich pegmatite mineralization.
The newly acquired claims enhance the company's exploration potential significantly, as the Maple Birch Project is believed to harbor mineralization similar to the renowned Spruce Pine Mine in North Carolina, famous for its pure quartz deposits. This makes the property particularly appealing for high-tech applications.
From 2010 to 2015, the site produced bulk samples that were sold for USD $1,000 per ton. However, the data is historical, and further verification is required by qualified professionals. Operational activities planned by Silicon Metals include road re-establishment, quarry preparation, and advanced testing of the high-purity material.
Typical quarrying costs in the area are estimated to range from $100 to $200 per tonne, a factor that warrants consideration concerning the project's profitability. The management is optimistic about the project's potential and has expressed intentions to explore further value creation opportunities for its shareholders.
