Saturday 21st October 2017

Resource Clips



92 Resources adds three Quebec properties to its lithium portfolio

by Greg Klein | September 21, 2017

While work continues on the flagship Hidden Lake project in the Northwest Territories, 92 Resources TSXV:NTY expanded its holdings with three more lithium prospects. All located in Quebec’s James Bay region, the newcomers total 5,953 hectares, with each property showing pegmatite outcrop.

92 Resources adds three Quebec properties to its lithium portfolio

An outcrop on the Corvette acquisition shows coarse-
grained spodumene crystals with lengths up to a metre.

The 3,891-hectare Corvette property hosts an outcrop measuring about 150 metres by 30 metres showing abundant coarse-grained spodumene crystals up to one metre in length, the company stated. Other potential pegmatite outcrops along trend are priorities for follow-up work.

Sitting less than 12 kilometres from an all-weather highway, Corvette covers the eastern continuation of the Guyer greenstone belt, offering precious metals potential as well.

On the 1,109-hectare Eastmain property, 92 Resources interprets a large pegmatite outcrop to be along strike from ASX-listed Galaxy Resources’ James Bay deposit. An all-weather highway passes less than seven kilometres away.

The 953-hectare Lac du Beryl property features several pegmatite outcrops, “many of which display characteristic pathfinder minerals commonly associated with spodumene pegmatites,” the company added. Lac du Beryl sits 16 kilometres from a transmission line.

Three days earlier 92 Resources reported a 97% overall extraction rate on a spodumene-montebrasite concentrate produced from Hidden Lake material. The tests used industry-standard techniques, the company stated. Phase II tests are planned while a two-week channel sampling program wraps up.

In eastern British Columbia, the company also holds the Golden frac sand project, which underwent a 10-day field program this summer.

Read Isabel Belger’s interview with 92 Resources CEO Adrian Lamoureux.

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