Select Sands Corp. (the "Company") is pleased to announce results of a second diamond drill hole (ST14-03) which is 3150 feet (ft.) or 960 meters (m) east of the first hole ST14-02 at its Sandtown project in Northeast Arkansas (AR), USA.
- Drill hole ST14-013 hit from surface to 69 feet (ft.) or 21 metres (m) depth "Tier 1" high purity/ high crush frac sand
- ST14-03 is 3150 ft (960 m) east of the ST14-02 where Company reported from surface to 32 ft high purity and high crush silica
- Crush results of ST14-03 are 30/50 mesh 7K; 40/70 mesh 9K and 100 mesh of 10K
- The high purity (99% SiO2) silica is suitable for 'industrial use'
- All drill holes except one intersected potential frac sand intervals, averaging 52 ft. (15.84 m)
- Current drilling is focused on the northern half (200 acres) of the 530-acre property
- Potential to expand the deposit on the remaining property exists
- Quarry (mine) permitting application process has started
Drill hole ST14-03 sample 0-69 feet (0-21 m) was analysed by Stim-Lab for sieve analysis, crush resistance, silica content (SiO2%) sphericity and roundness, acid solubility and turbidity, all of which meet or exceed API "Tier-1" specifications for frac sand. The sample returned (0-69 ft.) 11% of 30/50 mesh, 33% of 40/70 mesh and 59% of 100 mesh (70/140). Crush test returned 7K for 30/50 mesh, 9K for 40/70 mesh and 10K for 100 meshes. Please see the Stim-Lab results on the company's website at: http://www.selectsandscorp.com/
Drill hole ST14-03 has confirmed the high crush and high purity silica potential on the property. The deposit is suitable to be used as Tier-1 frac sand in the oil and gas industry; as well, the pure silica nature of the deposit makes it suitable for industrial uses. Along with the oil and gas, the Company is looking for customers in the industrial markets. The industrial market has made a comeback in the US due to lower energy prices in North America.
It's not unusual that the silica mines sell into industrial as well as oil and gas. US Silica for example sold 4.1 million tons (equal to the same amount sold to oil and gas market) in the industrial and speciality market, generating $199 million revenue in 2014 from the industrial and speciality market sales. The US industrial and speciality silica industry has combined annual revenue of $23 billion.
The St. Peter sandstone (SST), which underlies the property, is host to Tier-1 frac sand mines, a necessary mineral used in the extraction of shale oil/gas as well industrial silica mines. The total property size is 530 acres, and potential to expand the deposit on the property exists as the SST outcrops outside the drilled area.
The Company is working on the N1 43-101-compliant resource calculation to be released upon completion within 4-6 weeks. The Company also anticipates submitting the quarry/mine application within a few weeks. The Company expects to receive a final quarry/mine permit within 60 days after the application has been submitted.
Please see drill hole plan map at the Company's website: http://www.selectsandscorp.com/
The Company has released the Stim-Lab results (See SNS Feb. 19, 2015 News Release) where the 40/70 and 100 mesh retuned 10K "crush" each meeting or exceeding the Tier-1 frac sand specifications as defined per the ISO 13503-2:2006/API RP 19C recommended practice for measurement of properties of proppants used in hydraulic fracturing and gravel-packing operations. These properties include sand sphericity and roundness, crush (K value), acid solubility, turbidity, and SiO2 (silicon dioxide) content.
The Stim-Lab results are posted on the Company's website: http://www.selectsandscorp.com/
"Part of the future sand production sale for the industrial uses cannot be ruled out due to Sandtown proximity to Houston, Texas, a major industrial hub and port," stated Rasool Mohammad. "Sandtown also offers transportation cost savings to the oil and gas market, as it is 650 rail miles closer to Texas/Louisiana oil and gas plays over Midwest US sand mines."
Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech EBA, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical information disclosed in this News Release.