Vancouver – Black Bull Resources’ (BBS-V) wholly owned White Rock quartz mine, in Yarmouth Cty., Nova Scotia, has reached production stage.
The company’s operation now produces coarse-crushed quartz for the landscape and construction industries.
The White Rock deposit hosts a measured and indicated resource of 12.2 million tonnes of quartz grading 97.4% SiO2 purity. The rock also has high whiteness, brightness and hardness, and is the largest resource of white quartz in eastern North America. Something that has not been lost on U.S. Silica of West Virginia, one of the largest marketers of quartz/silica products on the continent. Black Bull has an agreement in place with them to market its production.
The deposit also hosts significant kaolin and mica mineralization.
Black Bull intends to add value to its mine through the addition of crushing and screening circuits, by next year, that will facilitate production of higher-valued specialty quartz products. More finely-sorted sands and ground quartz are required in the electronics, glass, ceramics and abrasive industries. Tests have shown the quartz can be readily sorted and upgraded, producing a product with greater than 99.5% SiO2.
A company commissioned study has shown a market potential for White Rock produced quartz of 250,000 tonnes annually. Dependent on the sort/grind size and grade, it is anticipated that the product will sell in the range of US$35 to US$800 per tonne.
The operation enjoys excellent infrastructure with paved road access running through the property, close proximity to an electrical grid and being located near tidewater ports and the eastern United States, its major market.
As of the latest report, Black Bull has 22.5 million shares outstanding and as of press time, trades in the range of 75-80 per share.