Thursday 19th September 2019

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92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

by Greg Klein | September 10, 2019

Sample assays from two new discoveries have this company “ecstatic” about its James Bay-region Corvette-FCI project. Coming at the end of last summer’s 23-day field program, the findings have 92 Resources TSXV:NTY obviously enthusiastic about the property’s New Lorraine and Elsass prospects.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

The highlight of 92’s summer campaign, this New Lorraine
sample graded 8.15% copper, 1.33 g/t gold and 171 g/t silver.

Some highlights from a New Lorraine outcrop include:

  • 8.15% copper, 1.33 g/t gold and 171 g/t silver

  • 1.55% copper, 0.14 g/t gold and 20.9 g/t silver

  • 0.23% copper, 3.55 g/t gold and 37.7 g/t silver

Located about 2.3 kilometres east along trend, Elsass hosts three outcrops over an approximately 350-metre strike that’s about 60 metres wide. Some Elsass samples feature:

  • 3.63% copper, 0.64 g/t gold and 52.3 g/t silver

  • 2.68% copper, 0.2 g/t gold and 43.9 g/t silver

  • 1.86% copper, 1.12 g/t gold and 32.6 g/t silver

Both prospects form part of the larger Maven trend, formerly called the Southern trend, and sit on the property’s FCI West claim block. With similar rock types and mineralization, the company considers the area between the two prospects highly prospective.

92 Resources hits high-grade copper-gold-silver with new Quebec discoveries

A sample of chalcopyrite mineralization
characterizing Elsass outcrops.

Proclaiming himself “ecstatic” with the results, president/CEO Adrian Lamoureux said, “With over eight kilometres of under-explored prospective trend and no drilling completed to date, we have literally only scratched the surface of this trend’s potential.”

The four-person crew from Dahrouge Geological Consulting collected 680 rock samples, as well as 211 soil samples up-ice from the Lac Bruno prospect. About three-quarters of the program explored the project’s FCI-East and FCI-West blocks, under a 75% option from Osisko Mining TSX:OSK. The remainder of the work targeted 92’s 100%-held Corvette claims. 

The project sits within the Lac Guyer Greenstone Belt, part of the La Grande Greenstone Belt, about six to 18 kilometres south of the Trans-Taiga Road and adjacent powerline.

The Maven trend hosting New Lorraine and Elsass also includes new discoveries at the Black Forrest and Hund showings. A Black Forrest sample graded 1.13% copper, 0.05 g/t gold and 19.5 g/t silver. Hund featured 3.28% copper, 0.78 g/t gold and 30.1 g/t silver.

Historic work on Maven’s Lac Smokycat-SO, Golden Gap and Tyrone T-9 showings have also brought high grades, although in non-43-101 reports. Together, the prospects suggest a potential copper-gold-silver trend stretching more than eight kilometres, 92 stated.

Still to come are regional assays, along with lithium-tantalum results. Channel samples released last year from Corvette’s CV1 pegmatite graded up to 2.28% Li2O and 471 ppm Ta2O5 over six metres.

Other 92 properties in Quebec include Eastman, Lac du Beryl and Pontax. Grab samples from Pontax featured up to 0.94% Li2O and 520 ppm Ta2O5.

In British Columbia 92 holds the Golden frac sand project adjacent to Northern Silica’s Moberly silica mine, as well as the Silver Sands vanadium prospect. In the Northwest Territories the company has a 40% stake in the Hidden Lake lithium project, where all 10 holes of last year’s 1,079-metre drill program hit grades above 1% Li2O.

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