Vancouver, 8. August 2019 – 92 Resources Corp. (das „Unternehmen“) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) freut sich bekannt zu geben, dass das Sommer-Feldprogramm 2019 auf seiner Liegenschaft Corvette-FCI (die „Liegenschaft“) jetzt mit mehreren bedeutenden Entdeckungen abgeschlossen wurde, wie aus Feldmessungen hervorgeht. Die Hauptziele des Programms waren die Probenahme, Erweiterung und Etablierung einer Rangfolge der bekannten historischen Perspektiven/Anzeichen sowie die Entdeckung neuer Mineralisierungen.

 

Zu den Programm-Highlights gehören:

 

1. Elsass Copper Prospect – ein neu entdecktes Gebiet mit Kupferkies-Mineralisierung (Chalkopyrit) in Aufschlüssen und Felsbrocken, das über eine geschätzte Breite von 40 bis 60 m und eine Streichlänge von mindestens 1 km identifiziert wurde

 

2. Lac Bruno Gold Prospect – Prospektion in Gletscher-Aufwärtsrichtung des Geröllfeldes (historische Proben von 1 bis 38 g/t Au) und Abschluss der engmaschigen Bodenuntersuchung über das Gebiet

 

3. Entdeckung mehrerer neuer Vorkommen von spodumenhaltigem Pegmatit, darunter der bisher größte Pegmatit-Aufschluss

 

4. Identifizierung mehrerer zusätzlicher Bereiche mit hohem Potenzial für Gold und/oder Basismetalle

 

 

Die Liegenschaft Corvette-FCI befindet sich im Lac Guyer Greenstone Belt (Teil des größeren La Grande Greenstone Belt) und verläuft in Ost-West-Richtung durch das Gebiet, etwa 6 bis 18 km südlich der Trans-Taiga Road und des Stromtrassen-Infrastrukturkorridors. Die geologische Umgebung ist aussichtsreich in Bezug auf Gold, Basismetalle und Lithium über mehrere potenzielle Lagerstättentypen, einschließlich orogenem Gold, vulkanogenem Massivsulfid (VMS) und Lithium-Pegmatit. Darüber hinaus wurde kürzlich durch Midland Exploration ein magmatisch-hydrothermaler Cu-Au-Ag-Mo-Lagerstättentyp im unmittelbaren Gebiet auf der angrenzenden Liegenschaft Mythril nachgewiesen.

 

Das Sommerexplorationsprogramm 2019 wurde von einer Crew von vier (4) Personen an 23 Feldtagen abgeschlossen, wobei insgesamt 680 Gesteinsproben über die drei zusammenhängenden Claims gesammelt wurden, aus denen die Liegenschaft besteht – FCI West, FCI East und Corvette. Zusätzlich wurden insgesamt 211 Bodenproben über ein in Gletscher-Aufwärtsrichtung fokussiertes Raster des Lac Bruno Prospects 1 bis 38 g/t Au entnommen. Die Standorte der neuen Entdeckungen Elsass Copper Prospect und Spodumen-Pegmatit sowie der Lac Bruno Prospect sind in Abbildung 1 dargestellt.

 

Abbildung 1: Lage des neuen Elsass Copper Prospects und Spodumen-Pegmatitfunde

 

Elsass Copper Prospect

 

Der Elsass Copper Prospect befindet sich im FCI West Claim Block, ca. 1,5 km südwestlich des Golden Gap Prospects, in einem Gebiet des südlichen Kupferexplorationstrends, das historisch nicht untersucht wurde. Das Kerngebiet von Elsass ist durch zahlreiche Kupferkies-mineralisierte Aufschlüsse charakterisiert, die sich über ein Gebiet von 350 m Länge und bis zu 60 m Breite und mindestens 1 km weiter westlich erstrecken, was aus Probenahmen von mineralisierten Felsbrocken und einem mineralisierten Aufschluss am Rande eines Sees hervorgeht.

 

Der dominante Gesteins-Typ bei Elsass ist Amphibolit mit Kupferkies-Quarz ± Pyrrhotit-Nebengesteinszusammensetzung. Probenassays für den Elsass Prospect sind noch nicht eingegangen, wobei die Bedeutung der Entdeckung auf der Probenmineralogie und Feldbefunden beruht. Die folgenden Fotos 1 und 2 sind Beispiele für die Mineralisierung bei Elsass.

Foto 1-2: Beispiele für die Kupferkies-Mineralisierung bei Elsass

 

Die Geschäftsleitung warnt davor, dass man sich bei der Bewertung des Gehalts aller bei Elsass entnommenen Proben nicht auf die Fotos 1 und 2 verlassen sollte und dass man sie nicht als repräsentativ ansehen sollte. Bei den gezeigten Fotos handelt es sich um Schnittbilder ausgewählter Handgesteinsstücke.

 

Die Entdeckung von Elsass erfolgte in den letzten Tagen des Programms, so dass nur eine begrenzte Folgeuntersuchung abgeschlossen werden konnte. Daher ist die Ausdehnung der Zone noch nicht vollständig eingegrenzt und es wird ein Bodenprogramm erwogen, das in diesem Herbst beginnen soll. Allerdings werden noch Probenahmen abgewartet.

 

Lac Bruno Gold Prospect

 

Historische Probenahmen am Lac Bruno identifizierten eine Reihe von goldhaltigen Blöcken, die zwischen 1 und 38,1 g/t Au enthielten. Zwei historische Bohrlöcher konnten keine Mineralisierung durchschneiden, wobei die Quelle als weiter nordöstlich in Gletscher-Aufwärtsrichtung gelegen interpretiert wurde.

 

Bei Lac Bruno bestehen die mineralisierten Blöcke überwiegend aus Pyrrhotit und Arsenopyrit mit Amphibolit. Die  Prospektion im Jahre 2019 entlang des Trends nach Nordosten ergab zwei zuvor nicht beprobte Aufschlüssen mit ähnlicher Mineralogie. Über dem Gebiet wurde ein Bodenprobenahme-Raster durchgeführt, wobei der Probenabstand je nach Lage der Aufschlüsse enger wurde. Die Assays sind noch nicht eingegangen.

 

Spodumenhaltige Pegmatit-Vorkommen

 

Obwohl der Schwerpunkt des Programms 2019 auf Basis- und Edelmetallen lag, überschneidet sich die potenzielle geologische Situation mit der des Lithium-Pegmatit. Das Unternehmen freut sich, berichten zu können, dass mehrere Spodumen-Pegmatit-Vorkommen nordwestlich und west-südwestlich entlang des Streichens der CV1-2-3-Entdeckungen von 2018 entdeckt wurden.

 

Der neue Fund beinhaltet einen großen Pegmatit-Aufschluss von ca. 220 m Länge und 20 bis 40 m Breite, der sich ca. 1 km entlang des Streichens im Südwesten von CV1-2 befindet. Dieser spodumenhaltige Aufschluss ist größer als CV1 und liegt weiter von Wasser entfernt. Probenahmen für die hierin diskutierten spodumenhaltigen Pegmatit-Vorkommen sind noch nicht eingegangen, wobei die Bedeutung der Entdeckungen auf der Probenmineralogie und Feldbefunden beruht.

 

Weitere Anzeichen und Gebiete von Interesse

 

Im Rahmen des Programms von 2019 wurden mehrere Zielbereiche von erheblichem Interesse und Potenzial bewertet, darunter

 

• entlang des Streichens beim Golden Gap Prospect – historische Probenahme von 3,1 bis 108,9 g/t Au in Aufschlussgebieten
• entlang des südlichen Kupfertrends, wo begrenzte historische Erkundungen abgeschlossen wurden, und
• Bewertung der zahlreichen historischen Anzeichen für Minerale auf der Liegenschaft.

 

Alle gesammelten Gesteinsproben sowie Quarzrohlinge und zertifizierte Referenzmaterialien wurden an ALS Canada Ltd. in Val-d’Or zur Multielement-Analyse durch Vier-Säure-Aufschluss mit ICP-MS-Finish (ME-ICP61- Paket) und Goldanalyse durch Brandprüfung mit ICP-AES-Finish (Au-ICP21-Paket) geschickt, wobei die Überschreitungsgrenzen dann durch das jeweilige Paket bestimmt werden. Die Pegmatit-Proben werden durch Lithiumborat-Fusion mit ICP-MS-Finish (ME-MS85-Paket) auch auf Tantal analysiert. Die Analyse der Bodenproben umfasst Multielement-Analyse durch Aqua Regia-Aufschluss mit ICP-MS-Finish (ME-MS41L-Paket) und auf Gold durch Brandprüfung mit ICP-AES-Finish (Au-ICP21-Paket).

 

Von dem 23-tägigen Feldprogramm konzentrierten sich etwa drei Viertel auf FCI (Ost und West) und das verbleibende Quartal auf den zu 100% im Besitz des Unternehmens befindlichen Corvette Claim Block. Probenassays werden nach Erhalt gemeldet. Die Exploration der Liegenschaft im Jahr 2019 wird von Dahrouge Geological Consulting Ltd. durchgeführt und von Quebec aus gesteuert.

 

NI 43-101-konforme Veröffentlichung

Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration des Unternehmens und Mitglied des Ordre des Géologues du Québec, hat als qualifizierter Sachverständiger gemäß National Instrument 43-101 die Erstellung der Fachinformationen in dieser Pressemitteilung beaufsichtigt.

 

Über 92 Resources Corp.

 

92 Resources Corp. ist ein Junior-Unternehmen der Rohstoffexplorationsbranche, das sich auf den Erwerb und den Ausbau von strategisch günstigen Prospektionsgebieten konzentriert und sich damit für den global fortschreitenden Wandel hin zu modernen Umwelttechnologien unter Einsatz von Basismetallen, Edelmetallen und Lithium positioniert.

 

Die Hauptprojekte des Unternehmens sind das unternehmenseigene Konzessionsgebiet Corvette und das Konzessionsgebiet FCI, an dem sich das Unternehmen über eine Optionsvereinbarung mit Osisko Mining 75 % der Anteile sichern will. Beide Konzessionsgebiete befinden sich in der Region James Bay in Quebec. Die Konzessionsgebiete liegen nebeneinander und bergen umfangreiches Potenzial für eine Gold-Kupfer-Lithiummineralisierung. Veranschaulicht wird dieses Potenzial durch das Prospektionsgebiet Golden Gap (mit Erzgehalten zwischen 3,1 und 108,9 g/t Au in Stichproben aus Aufschlüssen sowie 10,5 g/t Au auf 7 m in einem Bohrloch), das Prospektionsgebiet Tyrone-T9 (mit 1,15 % Cu auf 2,1 m in einer Schlitzprobe) und das Pegmatit-Prospektionsgebiet CV1 (mit 2,28 % Li2O auf 6 m in einer Schlitzprobe).

 

Darüber hinaus gehören dem Unternehmen noch das Lithium-Goldkonzessionsgebiet Pontax (QC), das Konzessionsgebiet Golden Frac Sand (BC) und das Lithiumkonzessionsgebiet Hidden Lake (NWT), an dem das Unternehmen zu 40 % beteiligt ist, sowie mehrere weitere Projekte in Kanada.

 

Für nähere Informationen kontaktieren Sie bitte President & CEO Adrian Lamoureux (Tel: 778-945-2950, E-Mail: adrian@92resources.com) oder besuchen Sie die Webseite www.92resources.com.

 

Für das Board of Directors:

 

„ADRIAN LAMOUREUX“

Adrian Lamoureux, President & CEO

 

Die TSX Venture Exchange und deren Regulierungsorgane (in den Statuten der TSX Venture Exchange als Regulation Services Provider bezeichnet) übernehmen keinerlei Verantwortung für die Angemessenheit oder Genauigkeit dieser Pressemeldung.

 

Zukunftsgerichtete Aussagen:

 

Die in dieser Meldung enthaltenen Aussagen, zu denen auch Aussagen zu unseren Plänen, Absichten und Erwartungen, die nicht ausschließlich historischer Natur sind, zählen, gelten als „zukunftsgerichtete Aussagen“. Zukunftsgerichtete Aussagen sind anhand von Begriffen wie „prognostiziert“, „glaubt“, „beabsichtigt“, „schätzt“, „erwartet“ und ähnlichen Ausdrücken zu erkennen. Zukunftsgerichtete Aussagen in dieser Pressemitteilung beinhalten, dass die geologische Lage der Corvette-FCI-Eigenschaft für Gold, Basismetalle und Lithium über mehrere potenzielle Lagerstättenstile hinweg aussichtsreich ist; dass die Analyse von Bodenproben Multielement durch Aqua regia-Aufschluss mit ICP-MS-Finish (Paket ME-MS41L) und Gold durch Feuerprobe mit ICP-AES-Finish beinhalten wird; und dass die Eigenschaften ein signifikantes Gold-Kupfer-Lithium-Potenzial aufweisen. Zu den Risiken, die das Erreichen dieser zukunftsgerichteten Aussagen verhindern könnten, gehört, dass die Bodenanalyse für bestimmte Prozesse möglicherweise nicht verfügbar ist; und dass trotz ermutigender Ergebnisse das Grundstück möglicherweise keine signifikante Mineralisierung enthält und selbst wenn dies der Fall ist, das Grundstück möglicherweise nicht kommerziell abgebaut werden kann. Das Unternehmen weist die Leser darauf hin, dass zukunftsgerichtete Aussagen – unter anderem auch jene, die sich auf die zukünftige Betriebstätigkeit und die Geschäftsprognosen des Unternehmens beziehen – bestimmten Risiken und Unsicherheiten unterliegen, die dazu führen könnten, dass sich die tatsächlichen Ergebnisse erheblich von jenen unterscheiden, die in den zukunftsgerichteten Aussagen beschrieben werden.

 

Die Ausgangssprache (in der Regel Englisch), in der der Originaltext veröffentlicht wird, ist die offizielle, autorisierte und rechtsgültige Version. Diese Übersetzung wird zur besseren Verständigung mitgeliefert. Die deutschsprachige Fassung kann gekürzt oder zusammengefasst sein. Es wird keine Verantwortung oder Haftung für den Inhalt, die Richtigkeit, die Angemessenheit oder die Genauigkeit dieser Übersetzung übernommen. Aus Sicht des Übersetzers stellt die Meldung keine Kauf- oder Verkaufsempfehlung dar! Bitte beachten Sie die englische Originalmeldung auf www.sedar.com, www.sec.gov, www.asx.com.au/ oder auf der Firmenwebsite!

Vancouver, August 8, 2019 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce that the 2019 summer field program at its Corvette-FCI Property (the “Property”) has now concluded with several significant discoveries, as indicated from field observations. The primary objectives of the program were to sample, expand upon, and rank the known historical prospects/showings, and to discover new mineralization.

Program highlights include:

1. Elsass Copper Prospect – a newly discovered area of chalcopyrite mineralization in outcrop and boulders identified over an estimated width of 40 to 60 m and strike length of at least 1 km

2. Lac Bruno Gold Prospect – prospecting in the up-ice direction of boulder field (historical samples of 1 to 38 g/t Au) and completion of tightly-spaced soil survey over the area

3. Several new occurrences of spodumene-bearing pegmatite discovered, including the largest pegmatite outcrop to date

4. Multiple additional areas identified with high potential for gold and/or base metals

The Corvette-FCI Property is situated within the Lac Guyer Greenstone Belt (part of the larger La Grande Greenstone Belt) and trends east-west through the region, approximately 6 to 18 km south of the Trans-Taiga Road and powerline infrastructure corridor. The geologic setting is prospective for gold, base metals, and lithium over several potential deposit styles including orogenic gold, volcanogenic massive sulfide (VMS), and lithium pegmatite. In addition, a magmatic-hydrothermal Cu-Au-Ag-Mo deposit style has recently been recognized in the immediate region by Midland Exploration on its adjacent Mythril Property.

The 2019 summer exploration program was completed by a crew of four (4) persons over 23 field days, with a total of 680 rock samples collected across the three contiguous claim blocks that comprise the Property – FCI West, FCI East, and Corvette. In addition, a total of 211 soil samples were collected over a grid focused up-ice of the Lac Bruno Pros1 to 38 g/t Au. The locations of the new Elsass Copper Prospect and spodumene pegmatite discoveries, as well as the Lac Bruno Prospect, are presented in Figure 1.

 

Figure 1: Location of new Elsass Copper Prospect and spodumene pegmatite discoveries

Elsass Copper Prospect

The Elsass Copper Prospect is located on the FCI West claim block, approximately 1.5 km southwest of the Golden Gap Prospect, in an area of the southern copper exploration trend not historically prospected. The core area of Elsass is characterized by numerous chalcopyrite mineralized outcrops spread over an area 350 m long, up to 60 m wide, and extends at least 1 km further west through sampling of mineralized boulders and a mineralized outcrop located at the edge of a lake.
The dominant rock type at Elsass is amphibolite with chalcopyrite – quartz ± pyrrhotite accessory mineral assemblage. Sample assays for the Elsass Prospect have not yet been received with the discovery’s significance based on sample mineralogy and field observations. Photos 1 and 2 below are examples of the mineralization found at Elsass.

Photo 1-2: Examples of chalcopyrite mineralization at Elsass

Management cautions that Photos 1 and 2 should not be relied upon for estimation of grade, nor be considered representative, of all samples collected at Elsass. Photos presented are of saw-cut sections of select hand samples.

The Elsass discovery was made in the final days of the program and therefore limited follow-up was completed. As such, the extent of the zone is not fully constrained and a ground program, to commence this fall, is being considered pending receipt of sample assays.

Lac Bruno Gold Prospect

Historical sampling at Lac Bruno identified a number of gold bearing boulders which contained between 1 and 38.1 g/t Au. Two historical drill holes failed to intersect mineralization with the source interpreted to be further to the northeast, in the up-ice glacial direction.
At Lac Bruno, the mineralized boulders consist predominately of pyrrhotite and arsenopyrite bearing amphibolite. The 2019 prospecting along trend to the northeast located two previously unsampled outcrops of similar mineralogy. A soil sampling grid was completed over the area, with sample spacing tightened based on the location of the outcrops. Assays have not yet been received.

Spodumene-bearing Pegmatite Occurrences

Although the primary focus of the 2019 program was base and precious metals, the prospective geological setting overlaps with that of lithium pegmatite. The Company is pleased to report that several spodumene pegmatite occurrences were discovered northwest and west-southwest along strike of the CV1-2-3 discoveries from 2018.

The new discovery includes a large pegmatite outcrop of approximately 220 m in length by 20 to 40 m in width, located approximately 1 km along strike to the southwest of CV1-2. This spodumene-bearing outcrop is larger than CV1 and is situated further from water. Sample assays for the spodumene-bearing pegmatite occurrences discussed herein have not yet been received with the significance of the discoveries based on sample mineralogy and field observations.

Other Showings and Areas of Interest

Several target areas of significant interest and potential were evaluated during the 2019 program, including

• along strike at the Golden Gap Prospect – historical sampling of 3.1 to 108.9 g/t Au in outcrop

• along the southern copper trend where limited historical exploration has been completed, and

• assessment of the numerous historical mineral showings on the Property.

All rock samples collected, as well as quartz blanks and certified reference materials, were shipped to ALS Canada Ltd. in Val-d’Or for multi-element analysis by four-acid digestion with ICP-MS finish (package ME-ICP61) and gold analysis by fire assay with ICP-AES finish (package Au-ICP21), with any over limits to then be determined by the applicable package. Pegmatite samples will also be analyzed for tantalum by lithium borate fusion with ICP-MS finish (package ME-MS85). Analysis of soil samples will include multi-element by aqua regia digestion with ICP-MS finish (package ME-MS41L) and gold by fire assay with ICP-AES finish (package Au-ICP21).

Of the 23-field day program, approximately three-quarters were focused over FCI (East and West) and the remaining quarter over the Company’s 100% owned Corvette claim block. Sample assays will be reported as they are received. The 2019 exploration of the Property is being carried out by Dahrouge Geological Consulting Ltd. and managed out of Quebec.

NI 43-101 Disclosure
Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company, a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About 92 Resources Corp.
92 Resources Corp is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the worlds continuing shift to high tech and green technologies including base and precious metals, and lithium.

The Company’s primary assets are the wholly owned Corvette Property and the FCI Property (held under Option from O3 Mining, a recent spin-out from Osisko Mining, for a 75% interest) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-copper-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Tyrone-T9 Prospect with 1.15% Cu over 2.1 m in channel sampling, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.

In addition, the Company holds the Pontax Lithium-Gold Property, QC, the Golden Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

On Behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux, President & CEO

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.

Forward Looking Statements:
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. Forward looking statements in this news release include that the geologic setting of the Corvette-FCI property is prospective for gold, base metals, and lithium over several potential deposit styles; that analysis of soil samples will include multi-element by aqua regia digestion with ICP-MS finish (package ME-MS41L) and gold by fire assay with ICP-AES finish; and that the properties host significant gold-copper-lithium potential. Risks that may prevent these forward looking statements from being achieved include that soil analysis may not prove available to certain processes; and that despite encouraging results, that the property may not contain significant mineralization and even if it does, the property may not be able to be commercially mined. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Vancouver, July 8, 2019 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce that field crews have mobilized to site with exploration now underway at the Corvette-FCI Property, located in the James Bay Region of Quebec. The Corvette-FCI Property (the “Property”) is comprised of the wholly owned Corvette claim block as well as the FCI-East and FCI-West claim blocks held under Option from Osisko Mining Inc. (“Osisko”). Situated approximately 10 km south of the all-season Trans-Taiga Road and powerline, within the James Bay Region of Quebec, the Property is directly adjacent to the south of Midland Exploration’s Mythril Property (TSX.V: MD) and immediately east of Azimut Exploration’s Pikwa Property (TSX.V: AZM). See Figure 1 at end.

A field crew of four (4) persons will complete surface exploration work on the Property consisting of prospecting, rock sampling, and soil sampling. Specific attention will be given to the Golden Gap Prospect (3.1 to 109 g/t Au in outcrop and 10.5 g/t Au over 7 m in drill hole), and the Lac Bruno Prospect (1.0 to 38.1 g/t Au in boulder). Both gold prospects are situated within prospective exploration trends extending across the Property over a combined distance of more than 20 km. An east-west copper trend, identified to the south of Golden Gap, will also be explored. This copper exploration trend has seen only limited attention historically; however, it is host to numerous copper occurrences including the Tyrone-T9 Prospect with 3.36% Cu in grab sample (see news releases dated April 24, 2019, and June 19, 2019).

In addition, the lithium exploration trend extending across the FCI-East claim block will be explored. Prior work indicates a sizable, well-mineralized system, with associated strong tantalum component, is present in the area (see news release dated September 11, 2018).

The field program is anticipated to last three to four weeks and will orient the approach to, and focus of, the next phase of exploration over the Property. The 2019 exploration of the Property is being carried out by Dahrouge Geological Consulting Ltd. and managed out of Quebec.

 

Figure 1: Corvette-FCI Property with regional highlights.

 

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company, a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

 

About 92 Resources Corp.

92 Resources Corp is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the worlds continuing shift to high tech and green technologies including base and precious metals, and lithium.

The Company’s primary assets are the wholly owned Corvette Property and the FCI Property (under Option from Osisko Mining for 75% interest) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-copper-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Tyrone-T9 Prospect with 1.15% Cu over 2.1 m in channel sampling, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.

In addition, the Company holds the Pontax Lithium-Gold Property, QC, the Golden Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

 

On Behalf of the Board of Directors,

“ADRIAN LAMOUREUX”

Adrian Lamoureux, President & CEO

 

 

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. 

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Vancouver, 19. Juni 2019 – 92 Resources Corp. (das „Unternehmen“) (TSX.V: NTY) (OTCQB: RGDCF) (FWB: R9G2) freut sich, seine Explorationspläne für 2019 im Konzessionsgebiet Corvette-FCl (das „Konzessionsgebiet“) bekannt zu geben. Corvette-FCI besteht aus dem Konzessionsblock Corvette, der sich vollständig im Besitz des Unternehmens befindet, sowie den Konzessionsblöcken FCI-East und FCI-West, die im Rahmen einer Optionsvereinbarung mit Osisko Mining Inc. („Osisko“) gehalten werden. Das rund 10 km südlich der ganzjährig befahrbaren Trans-Taiga Road und der Stromversorgungsleitung in der Region James Bay in Quebec gelegene Konzessionsgebiet befindet sich unmittelbar südlich des von der Firma Midland Exploration explorierten Konzessionsgebiets Mythril (TSX.V: MD) bzw. grenzt östlich an das von der Firma Azimut Exploration explorierte Konzessionsgebiet Pikwa (TSX.V: AZM). Siehe Abbildung 1 am Ende der Mitteilung.

Das Konzessionsgebiet Corvette-FCI befindet sich innerhalb des Grünsteingürtels Lac Guyer, der als Teil des größeren Grünsteingürtels La Grande erachtet wird und sich in Ost-West-Richtung durch die Region zieht. Das geologische Milieu besitzt Potenzial für die Auffindung von Gold, Basismetallen und Lithium in Form mehrerer verschiedener Lagerstättentypen wie etwa orogenischen Gold-, vulkanogenen Massivsulfid- (VMS) und Lithium-Pegmatitvorkommen. Vor Kurzem entdeckte Midland Exploration in seinem angrenzenden Konzessionsgebiet Mythril in der unmittelbaren Umgebung eine porphyrische Kupfer-Gold-Molybdän-Mineralisierung, wobei ausgewählte Oberflächenproben 16,9 % Kupfer, 16,8 % Gold und 3,04 % Molybdän lieferten. Bei ersten Bohrungen wurden hier unter anderem 12,55 m mit 1,41 % Kupferäquivalent ermittelt.

Die Unternehmensführung weist darauf hin, dass frühere Ergebnisse oder Entdeckungen in den benachbarten Konzessionsgebieten (z.B. Mythril) nicht notwendigerweise Rückschlüsse auf das Vorkommen einer Mineralisierung in den Konzessionsgebieten des Unternehmens (z.B. Corvette-FCI) zulassen.

Das Programm 2019 bei Corvette-FCI wird Explorationen an der Oberfläche und hauptsächlich Prospektionen, Gesteins- und Bodenprobenahmen entlang der Gold- und Kupferexplorationstrends, die im Zuge der historischen Arbeiten identifiziert wurden, beinhalten. Bei FCI-West wird das Unternehmen seine Bemühungen auf den Norden und das Streichen des Zielgebiets Golden Gap konzentrieren, wo in der Vergangenheit nur begrenzte Explorationen stattfanden. Historische Arbeiten im Zielgebiet Golden Gap lieferten 3,1 bis 109 g/t Gold in Ausbissen sowie 10,5 g/t Gold auf 7 m in einem Bohrloch, was das Gebiet zu einem vorrangigen Ziel macht. Dies ist zudem der Bereich des Konzessionsgebiets, das der porphyrischen Entdeckung bei Mythril am nächsten liegt und die gleichen regional kartierten Gesteinseinheiten enthält. Dieser Bereich des Konzessionsgebiets (FCI-West) beherbergt auch zahlreiche Molybdänvorkommen, die angesichts des kürzlich erkannten Porphyrpotenzials der Region einer weiteren Bewertung bedürfen. Der südliche Kupfertrend, der weniger erkundet wurde als der Goldtrend, wird ebenfalls untersucht werden.

In den Konzessionsblöcken FCI-East und Corvette liegt das Hauptaugenmerk des Unternehmens auf der Identifizierung der Quelle der hochgradig mineralisierten Lesesteine, die das Zielgebiet Lac Bruno auszeichnen. Entgegen der Eisrichtung der Lesesteine werden Bodenprobenahmen auf einem Raster bis in den Konzessionsblock FCI-East und die zu 100 % unternehmenseigene Konzession Corvette, wo Interpretationen zufolge die Quelle vorliegen soll, entnommen werden. Darüber hinaus wird das Unternehmen entlang des Lithiumtrends, der sich durch den Block FCI-East erstreckt, weitere Prospektionen durchführen. Bei vorherigen Arbeiten entlang des Trends innerhalb des Konzessionsblocks Corvette wurde ein großes und gut mineralisiertes Lithium-Pegmatitsystem mit Vorkommen auf einer Streichlänge von mindestens 3 km identifiziert.

Die Feldmitarbeiter werden planmäßig Anfang Juli mobilisiert und das Programm wird voraussichtlich drei bis vier Wochen dauern. Die Explorationen 2019 im Konzessionsgebiet werden von Dahrouge Geological Consulting Ltd. durchgeführt und von Quebec aus verwaltet.

Vancouver, June 19, 2019 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce its 2019 exploration plans for the Corvette-FCI Property (the “Property”) comprised of the wholly owned Corvette claim block as well as the FCI-East and FCI-West claim blocks held under Option from Osisko Mining Inc. (“Osisko”). Situated approximately 10 km south of the all-season Trans-Taiga Road and powerline, within the James Bay Region of Quebec, the Property is directly adjacent to the south of Midland Exploration’s Mythril Property (TSX.V: MD) and immediately east of Azimut Exploration’s Pikwa Property (TSX.V: AZM). See Figure 1 at end.

The Corvette-FCI Property is situated within the Lac Guyer Greenstone Belt, considered part of the larger La Grande Greenstone Belt, and trends east-west through the region. The geologic setting is prospective for gold, base metals, and lithium over several potential deposit styles including orogenic gold, volcanogenic massive sulfide (VMS), and lithium pegmatite. More recently, Cu-Au-Mo porphyry style mineralization has been recognized in the immediate region by Midland Exploration on its adjacent Mythril Property with select surface samples assaying 16.9% Cu, 16.8% Au, and 3.04% Mo along with initial drill results of 12.55 m at 1.41% Cu(Eq).

Management cautions that past results or discoveries on adjacent properties (i.e. Mythril) may not necessarily be indicative to the presence of mineralization on the Company’s properties (i.e. Corvette-FCI).

The 2019 program at Corvette-FCI will consist of surface exploration comprised primarily of prospecting, rock sampling, and soil sampling along the gold and copper exploration trends identified from historical work. At FCI-West, the Company will focus efforts to the north and along strike of the Golden Gap Prospect, where limited exploration has been completed historically. At the Golden Gap Prospect, historical work has returned 3.1 to 109 g/t Au in outcrop and 10.5 g/t Au over 7 m in drill hole, making it a priority area of interest. This is also the area of the Property closest to the porphyry-style Mythril discovery and hosts the same regionally mapped rock units. This area of the Property (FCI-West) also hosts numerous molybdenum occurrences that require further assessment given the recently recognized porphyry potential of the region. The southern copper trend, having been subject to less exploration than the gold trend, will also be explored.

At FCI-East and Corvette, the Company will focus on identifying the source of the high-grade boulder field that characterizes the Lac Bruno Prospect. A soil sampling grid will be completed up-ice of the boulders and extend from the FCI-East block and onto the 100% owned Corvette block where the source is interpreted to reside. In addition, the Company will prospect further along the lithium trend that extends across the FCI-East block. Previous work along this trend, within the Corvette claim block, has identified a sizable and well-mineralized lithium pegmatite system with occurrences over a strike-length of at least 3 km.

The field crews are scheduled to mobilize in early July with the program anticipated to be completed over a three to four-week period. The 2019 exploration of the Property is being carried out by Dahrouge Geological Consulting Ltd. and managed out of Quebec.

 

Figure 1: Corvette-FCI Property with regional highlights.

 

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P.Geo., Vice President of Exploration for the Company, a Permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

About 92 Resources Corp.

92 Resources Corp is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the worlds continuing shift to high tech and green technologies including base and precious metals, and lithium.

The Company’s primary assets are the wholly owned Corvette Property and the FCI Property (under Option from Osisko Mining for 75% interest) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-copper-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Tyrone-T9 Prospect with 1.15% Cu over 2.1 m in channel sampling, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.

In addition, the Company holds the Pontax Lithium-Gold Property, QC, the Golden Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

 

On Behalf of the Board of Directors,

“ADRIAN LAMOUREUX”

Adrian Lamoureux, President & CEO

 

 

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. 

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Vancouver, May 14, 2019 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce the appointment of Mr. Darren L. Smith, M.Sc., P.Geo., as Vice President of Exploration for the Company. Mr. Smith has served as Project Manager for exploration of the Company’s Quebec properties since 2017, and further as a member of the Company’s Board of Advisors since July 2018.

As a registered Professional Geologist with the Ordre des Géologues du Québec, Mr. Smith has over thirteen (13) years of experience in the mineral exploration industry and holds a master’s degree in Geology from Carleton University in Ottawa. Darren currently works out of Quebec City, QC, as a Senior Geologist and Project Manager with Dahrouge Geological Consulting Ltd. and has worked on a variety of projects and commodities throughout his career, including carbonatite complexes and associated rare metals (tantalum, niobium, scandium), rare earth elements (REEs), lithium pegmatite, graphite, phosphate, fluorspar, uranium, cobalt, as well as base and precious metals.

Darren’s experience spans high-level project management, including program design and implementation, technical reporting, land management, community engagement, and corporate disclosure. He has provided technical oversight for PEA, PFS, and FS level project advancement and has setup and monitored complex metallurgical programs for various commodities.

Throughout his career, Mr. Smith has developed an in-depth experience in the Junior mineral exploration industry, including the consultation, engagement, and dialogue with high-level representatives of various provincial governments, industry leaders, communities, and indigenous
groups. This has led to numerous speaking engagements at several academic and industry workshops, and conferences throughout his career. In addition to his public speaking engagements, through his academic and industry collaborations, Mr. Smith has authored numerous international and peer reviewed publications throughout his career.

Company President & CEO Adrian Lamoureux comments: “We are delighted to have Darren joining the Company as Vice President of Exploration. Darren brings a considerable level of experience and expertise to our team and has played an integral role in the recent consolidation of the Company’s land position at Corvette-FCI through the recent Option Agreement with Osisko Mining. We are very excited for this year’s summer programs and the team we have in place. We are also well positioned for discovery with a land package that borders the Mythril Property held by Midland Exploration and their high-grade Cu-Au- Mo Ag discovery.”

Management cautions that past results or discoveries on adjacent properties (i.e. Mythril) may not necessarily be indicative to the presence of mineralization on the Company’s properties (i.e. FCI or Corvette).

About 92 Resources Corp.

92 Resources Corp is a junior mineral exploration company focused on acquiring and advancing strategic and prospective properties that position it strongly for the worlds continuing shift to high tech and green technologies including base and precious metals, and lithium.

The Company’s primary assets are the wholly owned Corvette Property and the FCI Property (under Option from Osisko Mining for 75% interest) located in the James Bay Region of Quebec. The properties are contiguous and host significant gold-copper-lithium potential highlighted by the Golden Gap Prospect with grab samples of 3.1 to 108.9 g/t Au from outcrop and 10.5 g/t Au over 7 m in drill hole, the Tyrone-T9 Prospect with 1.15% Cu over 2.1 m in channel sampling, and the CV1 Pegmatite Prospect with 2.28% Li2O over 6 m in channel.

In addition, the Company holds the Pontax Lithium-Gold Property, QC, the Golden Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, where the Company maintains a 40% interest, as well as several other assets in Canada.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

On Behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux, President & CEO

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. 

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward- looking statements.

Vancouver January 22, 2019 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) would like to provide its shareholder and investor base with a 2018 year-in-review summary for the exploration completed on the Company’s portfolio of assets. A significant amount of work was completed in 2018 resulting in several discoveries on the Company’s properties, culminating into an Option Agreement with Osisko Mining Inc. for the FCI Property, situated contiguous to the Company’s flagship Corvette Property.

President and CEO of 92 Resources Corp., Adrian Lamoureux, comments: “We would like to express our gratitude to the shareholders, stakeholders, and investors of the Company for their patience and continued support though a busy 2018. We envision a strong year ahead in 2019 as we continue to advance and develop our project portfolio and further position the Company for long-term success and increasing shareholder value.”

2018 Highlights include:

• Successful surface exploration program at the Company’s flagship Corvette Lithium Property resulting in the discovery of several new occurrences as well as a significant expansion of the land position
  • High-grade channel sampling results from the CV1 Pegmatite confirm strong grade over width potential for the body
  • Discovery of the CV3 and CV4 spodumene-bearing pegmatites highlighting a potentially large mineralizing system may be present along strike and at depth
• Consolidation of more than 15 km of trend considered prospective for spodumene-bearing pegmatite through an Option Agreement with Osisko Mining Inc. for the FCI Property, situated contiguous to the Company’s wholly owned Corvette Property
• Successful inaugural surface exploration program at the Pontax Property resulting in the discovery of well-mineralized spodumene-bearing pegmatite
• Successful maiden drill program at the Hidden Lake Property, fully funded by our Option partner Far Resources Ltd.
• Strong Flow-Through financing to end 2019, well-positioning the Company’s treasury to support its 2019 exploration plans and work commitments

Corvette-FCI Property

The Company was very active in 2018 with a significant amount of news flow. The primary focus of exploration in 2018 was on the lithium assets, specifically the Pontax and Corvette properties, located in the James Bay Region of Quebec. As follow-up to the high-grade lithium results from 2017 grab samples, the CV1 Pegmatite at Corvette was channel sampled with high-grades returned from each channel, including 2.28% Li2O over 6 m and 1.54% Li2O over 8 m. Collectively, all channel samples collected from CV1 average 1.35% Li2O and indicate widespread mineralization throughout the pegmatite body. The results are very encouraging and are further complemented by the discovery of high-grade tantalum associated. The CV1 Pegmatite has exposed dimensions of approximately 15 m to 30 m in width by over 175 m in length. The target is drill ready and permits are expected to be received shortly.

The 2018 field program at Corvette also resulted in the discovery of two new spodumene-bearing pegmatite occurrences; CV3 and CV4.  The discovery of these occurrences is significant, outlining two distinct areas/trends and, collectively, expand the lithium potential of the Property considerably. The CV3 outcrop indicates a new sub-parallel spodumene-bearing dyke is present in the immediate area of the primary occurrence and further emphasizes the potential for additional dykes to be present in the near vicinity. The extensive lateral extent between the two discovery areas (~3 km), as well as the size of the CV1 Pegmatite (15-30 m wide by at least 175 m in length), suggest a strong potential for lateral continuity as well as a significant depth extent of the pegmatite dyke system.

Following the surface program at Corvette, the Company consolidated its land position through an Option Agreement with Osisko Mining Inc. for up to a 75% interest in the adjacent FCI Property. The Company now controls more than 15 km of trend considered prospective for spodumene-bearing pegmatite, with the majority never having been assessed for lithium. This trend, with four (4) spodumene-bearing occurrences already known, will be a strong focus of exploration in 2019.

In addition to the strong lithium potential, the Corvette and FCI properties also host significant base and precious metals potential. This is highlighted by the Lac Bruno Gold Showing, consisting of a gold and sulphide-bearing amphibolite boulder of 38.1 g/t Au, as well as the Séricite Showing where a grab sample from a sulphide-bearing sericite schist returned 0.3 g/t Au, 150 g/t Ag, 1.89% Cu, 11.15% Pb, and 1.45% Zn. Although not a focus for the Company, the base and precious metal potential of the properties is evident and additional ground work is warranted.

The immediate area surrounding the Corvette-FCI Property also attracted significant attention this past fall through a discovery by Midland Exploration Inc. of a new high-grade copper-gold-molybdenum-silver mineralized system on its Mythril Property, located immediately west and adjacent to Corvette-FCI. A significant amount of staking followed, which partly surrounded the Company’s claim block and has further bolstered the base and precious metal potential of the properties in the immediate area, including the Corvette-FCI Property block, which is one of the largest consolidated land positions in the region.

Pontax Property

The 2018 surface exploration of the Pontax Property resulted in the discovery of two spodumene-bearing pegmatites located approximately 600 m apart. Satellite imagery indicates additional outcrop occurrences are present between the samples, which may indicate a larger, more continuous body may be present. The area remains largely unassessed. The Company expanded the Pontax Property in 2018 and now holds one of the largest land positions in the area.

Hidden Lake Property

During the 1^st Quarter of 2018 the Company optioned the Hidden Lake Lithium Property to Far Resources Ltd. whereby they may acquire up to a 90% interest for a combination of cash, shares, and exploration work commitment over three years. The Company is pleased to report that the agreement has resulted in the completion of a fully funded and successful maiden drill program at Hidden Lake this past summer, while allowing the Company to focus on its flagship Corvette Property in Quebec. The drilling at Hidden Lake was very successful with numerous well-mineralised intersections returned from near-surface, including 1.6% Li2O over 9.2 m and 2.0% Li2O over 5.2 m. The Company currently retains a 40% interest in the project, with Far Resources having earned an initial 60% undivided interest under the terms of the agreement.

Corporate

The year also included the release of a National Instrument 43-101 Technical Report on the Company’s Golden Metallurgical Silica and Frac Sand Project in British Columbia, as well as the appointment of Darren L. Smith, M.Sc., P.Geol. to the Company’s Advisory Board.

The Company ended the year on a positive note with a successful capital raise of Flow-Through shares totalling $618,000. With a current treasury totalling approximately $900,000, including marketable securities, the Company is well positioned for 2019 with its exploration plans and work commitments fully funded.

2019 Exploration Plans

The Company is currently outlining its program budgets and objectives for the 2019 calendar year where a large focus will be on completing the Year-1 earn-in on the FCI Property, Quebec. The Company is working closely with Osisko Mining, the project operator, to outline a comprehensive surface program over the Property, focused on the main corridor of interest as identified from the 2018 exploration at Corvette. The Company is currently reviewing the historic dataset provided by Osisko and is developing its exploration approach.

The Company also intends to complete follow-up exploration on the adjacent and wholly owned Corvette Property immediately following the FCI surface work. The 2018 exploration at Corvette resulted in the discovery of new spodumene-bearing pegmatite occurrences as well as a more than doubling of the Property size, which remains to be explored. The 2019 surface exploration programs at Corvette-FCI are planned for the spring-summer period and will be designed to identify and rank targets ahead of a maiden drill campaign at the project.

Continued exploration at Pontax will also follow-up on the two spodumene-bearing pegmatites discovered in 2018. In addition, field programs at the Eastman and Lac du Beryl properties are expected to be advanced.

A surface sampling program is also planned for the recently acquired Silver Sands Vanadium Property, located in the Pine Pass area of British Columbia and proximal to well-established power, highway, and railroad infrastructure. The Property is grassroots in nature and targets vanadium mineralization hosted within black shales associated with phosphate horizons. The regionally mapped rock units, which are known to host vanadium bearing horizons, have been identified on the Property although the vanadium potential has not been assessed.

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The Company currently holds four principal assets in Canada: the Corvette (plus FCI Option) and Pontax lithium properties in Quebec, the Golden Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, currently under option to Far Resources Ltd. The Company also recently acquired the Silver Sands Vanadium Property, BC.

NI 43-101 Disclosure

Darren L. Smith, M.Sc., P. Geol., of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

 

On Behalf of the Board of Directors,

“ADRIAN LAMOUREUX”

Adrian Lamoureux, President & CEO

 

 

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. 

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.

Vancouver, BC, December 28, 2018 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB: RGDCF) (FSE: R9G2) is pleased to announce that it has closed a non-brokered private placement financing (the “Private Placement”) for total gross proceeds of $618,000.

The Company has allotted and issued 12,360,000 units (the “Units”) at a price of $0.05 per Unit.  Each Unit is comprised of one flow-through common share and one-half of one non-transferable share purchase warrant, with each whole warrant entitling the holder to purchase one non-flow-through common share of the Company for a period of up to thirty-six months at a price of $0.10.

 

In addition, the Company shall pay finder’s fees of a total of $39,440 and issue an aggregate 860,800 finder’s warrants (the “Finders Warrants”).  Each Finders Warrant is exercisable into one common share for a period of up to thirty-six months at a price of $0.10.

 

The Company intends to use the proceeds from the Private Placement on advancing the Company’s existing Quebec properties.  All securities issued under the Private Placement are subject to a four-month and one-day hold period expiring on April 28, 2019.  The Private Placement is subject to TSX Venture Exchange approval.

 

About 92 Resources Corp.

92 Resources Corp is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The Company currently holds four principal assets in Canada: the Corvette and Pontax lithium properties in Quebec, the Golden Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, currently under option to Far Resources Ltd.

For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778-945-2950, E-mail: adrian@92resources.com or visit www.92resources.com.

 

On Behalf of the Board of Directors,

“ADRIAN LAMOUREUX”

Adrian Lamoureux, President & CEO

 

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. 

Forward Looking Statements:

Statements included in this announcement, including statements concerning our plans, intentions and expectations, which are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause actual results to differ materially from those indicated in the forward-looking statements.