Vancouver, March 28, 2017 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (FSE: R9G2) is pleased to announce that it has initiated a preliminary metallurgical program for its wholly owned Hidden Lake Lithium Project (the “Project” or “Property”), Northwest Territories. The Property is situated within the central parts of the Yellowknife Lithium Pegmatite Belt, along Highway 4, approximately 40 km east of Yellowknife.
The metallurgical program will be the first applied to the pegmatites forming the Hidden Lake Project, with the primary objective to demonstrate the amenability of the material to be processed through to potentially marketable spodumene concentrate.
The program will be comprised of two phases; mineralogy, and mineral processing. The mineralogy phase will aim to fully characterize the lithium bearing minerals (i.e. spodumene) and the gangue minerals (i.e. waste material), as well as the inherent mineral liberation characteristics. This information will form the foundation of the mineral processing phase, where the objective will be to separate the spodumene from the gangue, into a high-grade mineral concentrate.
In the mineralogy phase, material from the LU D12, HL1, HL3, and HL4 pegmatites will each be evaluated separately to confirm liberation and mineralogical characteristics. Assuming there are no significant differences among the four pegmatites, a single composite will be produced for the subsequent mineral processing testwork.
The mineral processing phase will include grindability, heavy liquid separation (HLS), magnetic separation, and flotation test work, with the objective of determining a preliminary flowsheet for the Project, as well as producing a small quantity of spodumene concentrate of potentially marketable quality.
Although lithium recovery is the primary focus of the test work, the potential for the recovery of tantalum bearing minerals into a secondary concentrate will also be evaluated.
The Company has retained the services of SGS Canada Inc. to carry out the program, with the test work to be completed at their Lakefield, ON facility over a period of several months. SGS has considerable experience in spodumene pegmatite processing as well as other lithium bearing minerals and rock types, making them ideally suited for the program.
NI 43-101 Disclosure
William Miller P. Geo., 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.
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 Mt. Wilson Formation, which consists of high purity, white, quartz 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: