Vancouver, August 2, 2017 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (FSE: R9G2) (OTCQB: RGDCF) is pleased to announce the appointment of David Ramsay to its Board of Advisors.
Adrian Lamoureux, President and CEO, stated: “As 92 Resources continues to advance and uncover the significant potential of our wholly-owned Hidden Lake Lithium Project, Mr. Ramsay strengthens our team in the key areas of senior level executive management, experience and leadership. He has taken an extremely active, hands-on approach within the Northwest Territories, which can further our continued development and success.”
David Ramsay has extensive elected public office experience in the Northwest Territories, including prominent cabinet positions in the Legislative Assembly of the NWT. Prior to November 2015, he was Minister of Industry, Tourism and Investment (which included the mining portfolio), Minister of Justice and Attorney General, and Minister Responsible for the NWT Business Development Corporation. His former roles included Minister of Transportation and Minister Responsible for the Public Utilities Board. David also served on the Legislative Assembly Board of Management from 2003-2015, as Vice President of the Pacific Northwest Economic Region (PNWER) from 2011 to 2014, and as President between 2014 and 2015.
Mr. Ramsay is a graduate of the University of New Brunswick where he obtained a Bachelor of Arts Degree in Political Science and History, specializing in Aboriginal Law and Self Government. He holds an Executive Certificate in Energy Planning from the University of Idaho.
As a long-term resident of the Northwest Territories, Mr. Ramsay has been involved with numerous businesses and was the recipient of the Young Entrepreneur Award from the Business Development Bank of Canada in 1996. He was first elected to public office in 1997 and served five years as a Yellowknife City Councillor, where he chaired the Corporate Services Committee and represented the City on the Diamond Task Force. Mr. Ramsay was elected to the Legislative Assembly in 2003, representing the riding of Kam Lake in Yellowknife.
Mr. Ramsay is a Director of Fortune Minerals Limited (TSX: FT) (OTCQX: FTMDF) and Denendeh Investment Incorporated, CEO of Arctic Mineral Resources, Advisory Board member of Arctic 360 and a Director of Northern Gateway Consulting.
“It is a very exciting time to be joining the Advisory Board at 92 Resources. I have been following the progress of the Hidden Lake Project with great interest and I am committed to helping 92 Resources advance the project, especially at the local level where the Company will benefit greatly from the guidance and support I can provide. The Northwest Territories has some of the best mining potential anywhere in the world and a political climate that is welcoming to exploration and investment. The Pontax and Golden Frac Projects also hold great promise for 92 Resources,” stated Mr. Ramsay.
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 three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC.
The Hidden Lake Lithium Property is strategically located within the heart of the Yellowknife Pegmatite District with 2016 exploration results returning 1.90% Li2O over 9 m and grab samples up to 3.3% Li2O. The Property is easily road accessible and its proximity to infrastructure provides for numerous development advantages.
The Pontax Property is located within Quebec’s lithium district, and covers several historic pegmatite occurrences that are adjacent to known spodumene bearing pegmatite(s). The underlying geology includes over 20 km strike length of the Pontax Greenstone Belt, which is also a favourable geological environment for gold occurrences.
The Golden Frac Sand Property covers more than a 4 km length of the Mount Wilson Formation, which consists of high purity, white, quartzite and friable sandstones. It’s strategic location in western Canada and proximity to infrastructure, provides competitive access to the oil and gas markets where high-quality frac sand is an essentially input. The adjacent Moberly Silica Sand Mine, owned and operated by Heemskirk Canada Ltd., produces a number of high-purity products and as of February 2017, became subject to a takeover bid by Northern Silica Corporation valued at $42.3 million AUD.
On Behalf of the Board of Directors,
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.