Sep 17 2014
92 Resources Corp. (the "Company") reports it is in receipt of positive geochemical test results from it's Zim Frac silica property in southeastern British Columbia, Canada, where it holds a 100% interest.
Further to the Company's news release dated August 26th, 2014, a two part sampling program to collect four 10 kilogram and four 1 kilogram high-grade silica quartzite rock samples has been carried out to further evaluate and confirm the property's potential for hosting a commercial quartzite resource capable of supplying both frac sand and/or high purity or metallurgical silica. The samples were taken from four sites, equally spaced over a vertical distance of 180 metres, from a central area of the occurrence that is over 1,500 metres in length, at least 400 metres wide and on trend with an existing producer on the adjacent license to the northwest, the Moberly silica mine.
The one kilogram samples submitted to ALS Geochemistry were tested to determine both purity of silica, as well as perform a detailed analyses of the part per million (ppm) levels for a suite of 63 other elements and oxides. Testing from these samples returned silica values of 98.7%, 98.3%, 98.6% and 99.0% SiO2 (Silicon Dioxide) and support the property's potential to host commercial metallurgical grade silica. Additionally, the assay results of deleterious elements for these same samples indicate low quantities including Boron values of 14, 6, 7, and 12 ppm, respectively. A complete table of the full assay results can be viewed on the company website: www.92resources.com.
"While still awaiting initial results from Stim Lab's testing to assess the frac sand characteristics we are certainly delighted with these positive geochem results as they confirm the high purity nature of the material at our Zim Frac property. Also, the recent announcement by Heemskirk Canada having entered advanced discussions with a potential partner to further develop their adjacent Moberly mine's frac sand production speaks strongly to the industry's view of the commercial potential for our Zim Frac property," remarked Adrian Lamoureux, President & CEO.
The first results for the staged series of tests on the ten kilogram samples sent to Stim-Lab Inc., Oklahoma, USA, a recognized laboratory for determining the suitability of high grade silica sandstone and quartzite for frac sand are anticipated in the next couple of weeks.
Pending positive results from Stim-lab's evaluation, the Company intends to continue advancing the property's potential with a next phase of exploration to include diamond drilling thru the formation, to fully assess it's continuity, homogeneity and suitability as a frac-sand and metallurgical silica source.
Leopold Lindinger, P. Geo, a qualified person in accordance with NI 43-101, has reviewed and accepted the technical information in this news release.
About Frac Sands
"Frac sand" is high-purity silica/quartz sand with very durable and very round grains. A crush-resistant material produced for the petroleum industry and used in the hydraulic fracturing process (known as "fracking.") In a fracture, the sand props open a wide, highly permeable slot allowing oil and gas to more easily flow to the wellbore. Frac sand demand has exploded over the past several years with the growth of the shale oil industry and associated completion techniques, particularly horizontal drilling.
About 92 Resources Corp.
92 Resources is an emerging junior exploration company focused on acquiring and advancing strategic & prospective assets to the benefit of its shareholder. It is currently advancing it's 100% interest in the 807.8 hectare Zim Frac claim group, a high purity silica / quartz property located in close proximity to Golden, British Columbia. The Zim Frac claim group comprises a sizeable quartzite occurrence that lies adjacent to, and on trend with, Heemskirk Canada's producing Moberly silica mine, and is within five kilometers of major rail and the Trans-Canada Highway. In addition, the company is also compiling and reviewing technical data on its Mitchell lake uranium property covering an area of 2,354 hectares, located in the Athabasca Basin, Saskatchewan.
On behalf of the Board of Directors,
Adrian Lamoureux, President & CEO
Source: http://www.92resources.com/