Source
Marketwire
Date 09/16/2014
Time 06:01:23 AM
Company
92 RESOURCES CORP.
Title 92 Resources Corp. Confirms 99% Silica at Zim Frac Property
CDNX Symbol: NTY
Press Release
NEWS RELEASE TRANSMITTED BY MARKETWIRED
FOR: 92 Resources Corp.
TSX VENTURE SYMBOL: NTY
September 16, 2014
92 Resources Corp. Confirms 99% Silica at Zim Frac Property
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sept. 16, 2014) - 92
Resources
Corp. (TSX VENTURE:NTY) (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 highgrade
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 43101, 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
This News Release may contain forward-looking statements based on
assumptions
and judgments of management regarding future events or results that may
prove
to be inaccurate as a result of exploration and other risk factors beyond
its
control, and actual results may differ materially from the expected
results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as
that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this news release.
- 30 CONTACT INFO:
92 Resources Corp.
Adrian Lamoureux
President & CEO
604-676-9650
adrian@92resources.com
www.92resources.com
INDUSTRY: Manufacturing and Production - Mining and Metals
SUBJECT: MEX - MINING EXPLORATION UPDATE
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