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92 Resources announces financing, summer field work at NWT lithium project

by Greg Klein | June 20, 2016

92 Resources announces financing, summer field work at NWT lithium project

Freshly bankrolled and following up on high-grade sampling, 92 Resources TSXV:NTY returns to Hidden Lake for a summer program of field work. The company has engaged Dahrouge Geological Consulting to begin mapping and channel sampling known pegmatites shortly. Among the targets will be the LU #12 pegmatite dyke, from which the company reported five samples grading 1.64%, 2.45%, 2.69%, 2.89% and 3.06% Li2O earlier this month.

Seven historic surface trench samples from LU #12 graded between 1.37% and 3.01%.

92 Resources also announced an infusion of $862,820 from exercised warrants. In April the company closed a private placement totalling $318,836.

The 1,600-hectare Hidden Lake project sits within the Yellowknife Pegmatite Belt, just north of Highway 4 and about 40 kilometres northeast of the city of Yellowknife.

Read interviews with Chris Berry and Jon Hykawy discussing energy metals.

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