92 Resources

  • HOME
  • CORPORATE
    • CORPORATE INFO
    • LEADERSHIP
    • DISCLAIMER
  • PROPERTIES
    • CORVETTE – FCI
    • PONTAX
    • EASTMAIN
    • LAC DU BERYL
    • GOLDEN SILICA
    • SILVER SANDS
    • HIDDEN LAKE
  • NEWS
    • NEWS 2019
    • NEWS 2018
    • NEWS 2017
    • NEWS 2016
    • NEWS 2015
    • NEWS 2014
  • INVESTORS
  • CONTACT
Tuesday, 28 January 2014 / Published in 2014, News

RIO GRANDE ACQUIRES STRATEGIC SILICA PROPERTY IN SOUTHEASTERN BC

January 28, 2014, Vancouver, British Columbia:  Rio Grande Mining Corp. (RGV: TSX.V) (the “Company”) is pleased to announce that it has entered into an agreement to purchase a 100% interest in the Zim Frac silica claim (the “Zim Frac Claim”) located near the town of Golden in south-eastern British Columbia. The property comprises an area of 807.77 hectares that covers over 4 kilometers of the favourable Mt. Wilson Quartzite Formation (MWQF), known to consist of fine-grained higher purity white quartzite.

The MWQF is recognized for hosting economic deposits of friable and lump quartzites of greater than 99.5% silicon dioxide with two fully permitted and operating silica mines.  The Geological Survey of Canada mapped the Golden area with focus on the Moberly silica camp, which included the Zim Frac Claims in 1980 (GSC Map 1497A).  In 2010 fourteen samples collected from the property during a reconnaissance exploration program by previous operators ranged from 98.835% to 99.4%, with twelve of the samples grading over 99%. Locally, the MWQF is estimated to be at least 200 meters thick (Lindinger, 2010). The claims lie within 3 to 5 km northeast of Golden, British Columbia, a regional transportation center that is on the Trans Canada Highway and includes a major rail yard facility.

The adjacent Moberly silica mine is presently engineering a new silica frac sand plant to supplement their current production. The Hunt Silica mine, which lies 12 kilometers to the south, has previously shipped polysilicon grade silica to a silicon refinery in Washington State.

The Company is purchasing a 100% interest in the Zim Frac Claims from Zimtu Capital Corp. and Cannon Bridge Capital Corp., two arm’s length vendors, in consideration for the issuance of 1,000,000 common shares to each, for a total of 2,000,000 common shares, and subject to a 2% NSR. The terms of the sale are subject to the acceptance of the TSX Venture Exchange.

The company is proposing a bulk sampling program and two shallow drill holes in order to confirm the MWQF’s depth and thickness within the property.

Adrian Lamoureux, President & CEO stated, “Many industry experts see the silica sector having strong growth potential as demand increases from solar panels and other high tech applications”.

The Company is also pleased to announce the appointment of Thomas Hasek, P. Eng. to the “Board of Advisors”.  Mr. Hasek is a geologist with over 40 years in the mining industry. The technical information in this news release has been reviewed and accepted by Thomas Hasek, P. Eng., a Qualified Person in accordance with NI 43-101.

About Silica  

Silicon dioxide (SiO2), also known as silica, has many applications, depending on purity. High-grade silicon metal and polysilicon are used in many high tech applications including microelectronics, computer chips, and solar panels.

On behalf of the Board of Directors,

“ADRIAN LAMOUREUX”

Adrian Lamoureux
President & CEO

For more information please contact the Company at 1 604 669 9330 or email

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. Statements made in this news release that are not historical facts are “forward-looking statements”, and readers are cautioned that any such statements are not guarantees of future performance, and that actual developments or results, may vary materially from those in these “forward-looking” statements.

Recent Posts

  • Gaia Metals Corp. Initiates a Review and Re-Processing IP-Resistivity Data Using Modern Techniques for Historical Surveys Completed at Corvette-FCI, Quebec

    Vancouver, December 11th, 2019 – Gaia Metals Co...
  • Gaia Metals Corp. Closes Non-Brokered Private Placement

    Vancouver, December 2, 2019 – Gaia Metals Corp....
  • 92 Resources Corp. Announces Effective Date of Consolidation and Name Change

    Vancouver, October 15, 2019 – 92 Resources Corp...
  • 92 Resources Corp. Announces Share Consolidation and Name Change

    Vancouver, October 4, 2019 – 92 Resources Corp....
  • 92 Resources Corp. erprobt 4,72 % Li2O und meldet mehrere Entdeckungen von hochgradigem Lithiumpegmatit bei Corvette-FCI (Quebec)

    Vancouver, 24. September 2019. 92 Resources Cor...

Archives

  • December 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • April 2018
  • March 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • March 2017
  • February 2017
  • January 2017
  • November 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • January 2016
  • November 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014

Categories

  • 2014
  • 2015
  • 2016
  • 2017
  • 2018
  • 2019
  • News
  • Uncategorized

Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org

Copyright © 2017 92 Resources Corp

TOP
French French German German English English