Quebec Silica Resources announces completion of drone magnetic survey and grants stock options

2021-11-24 02:51:59 By : Ms. Erin Tan

Vancouver, British Columbia--(Newsfile Corp.-October 27, 2021)-Quebec Silica Resources Corporation (CSE: QTZ) ("Quebec Silica" or "Company") is pleased to announce an aerial The UAV magnetic measurement ("survey") has completed the company's Charlevoix silica project.

Vision 4k and Geophysique TMC collaborated to complete the survey using the most advanced UAV magnetic technology. Géologica Groupe-Conseil Inc. assists in purchasing and management investigations. The company is anxiously awaiting data and results.

Raymond Wladichuk, Chief Executive Officer of Quebec Silica, commented: "The results of this survey will allow us to better understand the structure of the high-grade silica formation and allow us to plan and allow the next step; the development of this asset. "

In addition, the company announced that in accordance with the company's 10% rolling incentive stock option plan, certain directors, managers, employees and consultants of the company will be granted 550,000 incentive stock options ("options") at an exercise price of $0.20.

The technical content of this version has been approved for disclosure by Alain-Jean Beauregard, P. Geo. (OGQ # 227) and Daniel Gaudreault, P. Eng. (OIQ #39834), qualified personnel as defined by Geologica Groupe-Conseil Inc., NI 43-101. Alain-Jean Beauregard, P. Geo. (OGQ # 227) and Daniel Gaudreault are independent of the company and are not employees of the company or hold the company's securities.

About Quebec Silica Resources

Quebec Silica is a mineral exploration company that focuses on exploration, development and acquisition of mineral resource assets, with a focus on the Charlevoix Silica project, with a total area of ​​923 hectares, located near Clermont, Quebec, Canada.

Additional information about Quebec silica. It can be found on www.quebecsilica.com.

On behalf of the board of directors,

"Raymond Vladicchuk, P.Geo." Chief Executive Officer

For more information, please contact: Elyssia Patterson-CFO Tel: 1 (778) 683 4324 Email: info@quebecsilica.com

Neither the Canadian Stock Exchange nor its regulatory service provider (as the term is defined in the CSE policy) is responsible for the adequacy or accuracy of this press release, and neither approves nor opposes the content of this press release.

This press release contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may lead to Quebec Silica’s actual results, performance or achievements or industry developments and such forward-looking statements or implied expected results, performance or There are major differences in achievements-look at the statement. Forward-looking statements are statements that are not historical facts, usually but not always composed of "expected", "planned", "anticipated", "believe", "intended", "estimated", "project", "potential" and similar Expression, or event or condition "will", "will", "may", "may" or "should" occur.

Although Quebec Silica believes that the forward-looking information contained in this press release is reasonable based on the information available on the date of this press release, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and Other results, performance or achievements, or other future events that may cause us to actually occur are materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

Examples of such assumptions, risks and uncertainties include, but are not limited to, assumptions, risks and uncertainties related to general economic conditions; the Covid-19 pandemic; adverse industry events; future legislative and regulatory developments in the mining industry; companies Ability to obtain sufficient funds from internal and external sources, and/or inability to obtain sufficient funds on favorable terms; Canadian and general mining industries and markets; Quebec Silica’s ability to implement its business strategy; competition; and other assumptions , Risk and uncertainty.

The forward-looking information contained in this press release represents the company’s expectations as of the date of this press release, and therefore may change after that date. Readers should not place too much emphasis on forward-looking information, nor should they rely on information from any other date. Although the company has a choice, it does not promise to update this information at any particular time, unless required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/101002

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