Thursday 17th August 2017

Resource Clips


Posts tagged ‘frac sand’

Hedging his energy bets

July 24th, 2017

Adrian Lamoureux of 92 Resources pursues green lithium and fossil-fuel frac sand

by Isabel Belger

Isabel Belger

Isabel Belger

Isabel: I would like to introduce the CEO of 92 Resources TSXV:NTY Adrian Lamoureux. Hi Adrian, it is a pleasure to talk to you again. To get started I would like to ask you to tell us a little bit about your background and how you became CEO of 92 Resources.

Adrian: Hi Isabel, thank you for having me. I had been active with finance and investor relations for public companies for about a decade before I received my opportunity to run one. Raising capital and marketing helped me form very strong opinions on how a company should be run, so I was always looking to move up the corporate ranks.

Isabel: 92 Resources has two lithium projects. One is in the Northwest Territories and one is in Quebec. What makes these projects so valuable?

Adrian: Lithium is not only a commodity for today, but rather a commodity for tomorrow. We see today’s strong demand as just the beginning, with a global push towards green energy. Simply put—lithium is the way of the future.

Isabel: What are the highlights on these projects so far?

Adrian: Hidden Lake, NWT, has been successful right from the get-go. Last summer we pulled a sample high of 3.08% Li2O and a channel sample of 1.9% Li2O over 9.02 metres. Most recently we conducted a metallurgical program, where we produced a 6.16% Li2O concentrate.

Adrian Lamoureux of 92 Resources pursues green lithium and fossil-fuel frac sand

Initial metallurgical tests suggest the suitability of conventional
processing methods for pegmatites from Hidden Lake. The 1,100-
hectare property has nearby highway access leading to Yellowknife,
about 40 kilometres west.

Isabel: 92 Resources also has a frac sand project in British Columbia. I am not sure if everyone knows what frac sand is and is used for. Could you give a brief introduction to the application and demand, as well as of course about your project itself?

Adrian: The Golden frac sand property is ideally situated. Our project sits immediately adjacent to a frac sand [deposit] and rail access. Some of the biggest oil basins in North America are shale, and the best method of extraction is through fracking. Sand is forced down horizontal wells under high pressure, bracing cracks within the shale open, which is where the oil can be liberated and pumped out. The demand for frac sand has continued to grow in light of a slip in oil prices. This is attributed to re-fracking of older wells, a higher rig count and increased frac sand intensity on a per-well basis.

Isabel: What is the most exciting thing happening right now at 92 Resources?

Adrian: We’re having success on multiple fronts. I feel we are at the right place at the right time.

Isabel: What are the plans for the rest of 2017 and what are the next milestones for 92 Resources?

Adrian: Our plans are focused, continued growth through acquisition and development. We need to move vertically with current demand and always be looking to where future demand should be.

Isabel: What do you like about the mineral exploration business?

Adrian: I like being able to take an idea or concept and turn it into something real, something that shareholders and hopefully the world can benefit from.

Isabel: What is your favourite commodity and why?

Adrian: Lithium is my favourite. This green energy commodity is changing the world as we know it.

Isabel: Thank you very much for your time, Adrian.

Adrian Lamoureux

Adrian Lamoureux,
92 Resources CEO

Bio

Adrian Lamoureux has worked in the venture capital markets for the past eight years, specializing in the design and implementation of market strategies and corporate development. He has particular expertise in the mineral exploration and development sector. During his time working in venture capital markets, Lamoureux has financed a number of successful private and public companies.

Fun facts

My hobbies: European football

My favourite airport: Schiphol, Amsterdam

My favourite tradeshow: PDAC in Toronto

My favourite commodity: Lithium

With this person I would like to have dinner: Cristiano Ronaldo

If I could have a superpower, it would be: Invisibility

My role model: My father

Read more about 92 Resources’ Hidden Lake lithium project and Golden frac sand project.

Initial metallurgy looks positive for 92 Resources’ NWT lithium project

July 18th, 2017

by Greg Klein | July 18, 2017

Encouraging metallurgical results have come early for 92 Resources’ (TSXV:NTY) Hidden Lake project. Preliminary beneficiation tests for the road-accessible Northwest Territories property suggest favourable liberation characteristics and “amenability to simple and conventional spodumene mineral processing methods,” the company announced July 18. The lab conducted five flotation tests on a composite sample from four pegmatites on the Northwest Territories project. A standard flowsheet was used.

Initial lithium metallurgy brings 92 Resources a 6.16% concentrate at 79% recovery for NWT project

Backed by encouraging lab work, 92 Resources reactivates
its Hidden Lake camp this summer for another field program.

Results brought a “high-grade” spodumene concentrate of 6.16% LiO2 at 79% recovery, with an average spodumene lithium content of 3.8% lithium (or about 8.2% LiO2), close to the maximum theoretical limit, 92 Resources stated.

A low iron content also suggests the high quality of Hidden Lake spodumene. In a further advantage to mineral processing, the company added, tests confirmed the property’s dominant mica to be muscovite with low levels of lithium. Muscovite with high lithium levels “would dilute the lithium content of a final concentrate, as typically the lithium content would be significantly less than that of spodumene.”

“This initial work demonstrates the high-lithium/low-iron nature of the spodumene at Hidden Lake, as well as its favourable upgrading characteristics, both of which are highly attractive attributes of the project,” said president/CEO Adrian Lamoureux.

Phase II beneficiation tests will include magnetic separation, heavy liquid separation and further flotation on material collected during the upcoming summer field program.

Channel sampling last year tested four of the property’s six known lithium-bearing spodumene dykes, bringing assays up to 1.58% Li2O and 31 ppm Ta2O5 over 8.78 metres.

In January the company filed a 43-101 technical report for Hidden Lake. The 1,659-hectare property has year-round road access to Yellowknife, about 40 kilometres southwest.

92 Resources also keeps busy with its Golden frac sand project in eastern British Columbia, adjacent to Heemskirk Canada’s Moberly silica mine. Last month’s 10-day field program at Golden will provide data for a 43-101 technical report.

In northern Quebec, 92 Resources also holds the 5,536-hectare Pontax River lithium project.

The company closed an oversubscribed $895,199 private placement in February and received a $140,000 award under the NWT Mining Incentive Program in June to offset Hidden Lake expenditures.

92 Resources president/CEO Adrian Lamoureux comments on potential markets for the company’s eastern B.C. frac sand project

July 6th, 2017

…Read more

92 Resources begins frac sand field work while advancing lithium metallurgy

June 6th, 2017

by Greg Klein | June 6, 2017

With a crew already en route, 92 Resources TSXV:NTY has a 10-day exploration program about to begin on its Golden frac sand project in eastern British Columbia. A team from Dahrouge Geological Consulting will undertake further mapping and sampling for a 43-101 technical report. While the company’s focus remains the Hidden Lake lithium project in the Northwest Territories, 92 Resources sees potential in another energy-related commodity.

92 Resources begins frac sand field work while advancing lithium metallurgy

“Despite fluctuating oil and gas prices, North American demand for frac sand is exceptionally robust and there remains a nearly non-existent domestic supply of high-quality proppant within Canada,” said president/CEO Adrian Lamoureux.

Close to the Alberta border and with nearby roads, the property’s located five kilometres from Golden, B.C., on the Canadian Pacific main line. Adjacent to the property is Heemskirk Canada’s Moberly project, a former producer of silica sand for the glass industry that’s now being redeveloped as a frac sand production and processing operation. The parent company, Heemskirk Consolidated, is the object of a takeover bid by Northern Silica, held by Taurus Resources No. 2 Fund.

Running through the 3,211-hectare Golden property is an 18-kilometre strike of the Mount Wilson formation, described as hosting high-purity, white, quartzite and friable sandstones. Four samples collected in 2014 showed silica content averaging 98.6% SiO2, with low boron and iron values. “Preliminary testing on these samples indicates favourable frac sand characteristics, as well as metallurgical-grade silica potential,” 92 Resources stated.

Last week the company announced initial results from Phase I metallurgical tests for its Hidden Lake lithium property in the NWT. Early findings suggest material from the hard rock project might be suitable for a conventional flowsheet. As the program goes into Phase II, potential tantalum recovery will be examined as well. 92 Resources filed a 43-101 technical report on the property in January.

The company also holds the 5,536-hectare Pontax lithium property in northern Quebec.

92 Resources advances metallurgy for NWT hard rock lithium

June 1st, 2017

by Greg Klein | June 1, 2017

Phase I mineralogy studies have 92 Resources TSXV:NTY confident that its Hidden Lake lithium project in the Northwest Territories could be amenable to a conventional flowsheet. QEMSCAN and Electron Probe Micro Analysis on a composite sample from each of four pegmatites showed similar results, confirming spodumene as the primary host of lithium. The coarse-grained spodumene shows very good liberation characteristics and low iron content, the company stated.

92 Resources advances metallurgy for NWT hard rock lithium

The 1,659-hectare Hidden Lake project has all-weather
road access to Yellowknife, 45 kilometres southwest.

Spodumene liberation “indicates a strong potential for recovery using dense media separation and flotation techniques, which are common processing methods applied to spodumene-bearing pegmatites,” 92 Resources added.

The program also found potential for tantalum recovery, which will be further assessed in Phase II. About to begin, the program will conduct flotation tests to determine the reagent scheme and assess the ability to produce spodumene concentrate without additional processing.

Last year’s channel sampling targeted four of six known lithium-bearing spodumene dykes, with the best result showing:

  • 1.58% Li2O and 31 ppm Ta2O5 over 8.78 metres

  • (including 1.78% Li2O and 31 ppm Ta2O5 over 6.93 metres)

The company filed a 43-101 technical report on Hidden Lake in January.

92 Resources’ portfolio also includes the 5,536-hectare Pontax lithium prospect in northern Quebec and the 3,211-hectare Golden frac sand project in southeastern British Columbia.

In February the company closed an oversubscribed private placement of $895,199.

92 Resources president/CEO Adrian Lamoureux notes the advantages of southeastern British Columbia’s relative proximity to oil and gas plays

April 20th, 2017

…Read more

92 Resources begins metallurgical tests on NWT lithium

March 28th, 2017

by Greg Klein | March 28, 2017

A Northwest Territories lithium project gets its first-ever metallurgical studies as 92 Resources TSXV:NTY announced a two-phase program on March 28. The 1,659-hectare Hidden Lake property underwent channel sampling last year on four of six known lithium-bearing spodumene dykes, with the best intercept showing:

  • 1.58% Li2O and 31 ppm Ta2O5 over 8.78 metres

  • (including 1.78% Li2O and 31 ppm Ta2O5 over 6.93 metres)
92 Resources begins metallurgical tests on NWT lithium

Hidden Lake’s metallurgical tests follow
last year’s successful sampling program.

The met program’s first phase examines the property’s spodumene and waste materials, leading to a mineral processing phase intended to separate the two and produce a high-grade concentrate.

Material from four pegmatites will be evaluated separately and, if no significant differences are found, a single composite will undergo processing tests. Those tests would include grinding, heavy liquid separation, magnetic separation and flotation. Plans then call for a preliminary flowsheet and a small amount of potentially marketable spodumene concentrate.

The program will also evaluate potential tantalum recovery.

Hidden Lake has all-weather road access to Yellowknife, 45 kilometres southwest. Carrying out the tests will be SGS Canada, which has considerable experience in spodumene pegmatite processing, 92 Resources stated.

In northern Quebec, 92 Resources has initial lithium exploration planned for Pontax, a 5,536-hectare property in a district known for spodumene-bearing pegmatites as well as gold potential.

Earlier this month the company expanded its Golden frac sand project from 807 hectares to 3,211 hectares. The southeastern British Columbia property sits adjacent to the Moberly silica sand project, now being redeveloped into a frac sand operation and among the assets sought by Northern Silica in its takeover bid for Heemskirk Consolidated.

Late last month 92 Resources closed an oversubscribed private placement of $895,199.

92 Resources expands B.C. frac sand property adjacent to takeover target

March 13th, 2017

by Greg Klein | March 13, 2017

A 2,404-hectare addition to 92 Resources’ (TSXV:NTY) Golden frac sand property brings the total to 3,211 hectares next to a silica sand mine in southeastern British Columbia.

“A domestic or western Canadian frac sand deposit with suitable quality would benefit from more advantageous transportation and exchange rate costs over foreign competitors,” said 92 Resources president/CEO Adrian Lamoureux. “We believe these to be important factors in the recent takeover of the neighbouring Moberly silica sand mine.”

92 Resources expands B.C. frac sand property adjacent to takeover target

Next door to the Golden property, Heemskirk Canada’s Moberly project produced silica sand for high-quality glass manufacture for over 30 years. It’s now being redeveloped as a frac sand production and processing operation. Meanwhile Heemskirk’s parent company, Heemskirk Consolidated, is subject to a takeover bid by Northern Silica, a subsidiary of Taurus Resources No. 2 BC, that’s expected to close next month.

Golden’s expansion gives the property over 18 kilometres of strike along the Mount Wilson formation, which consists of high-purity, white quartzite, 92 Resources stated. With only initial prospecting, sampling and testing done so far, results from the most recent program in 2014 show silica content grading 98.3% to 99% SiO2. In two of four samples, over 65% of material fell in the 40- to 170-mesh range. “The two adequate size fraction samples passed 6,000 PSI compressibility testing, each producing 8.1% fines,” the company added.

92 Resources has mapping, sampling and drilling now in the planning stages for Golden.

Besides a product used in oil and gas exploration, 92 Resources pursues a clean energy commodity at two lithium properties. In January the company filed a 43-101 for its Hidden Lake project in the Northwest Territories, which hosts at least six lithium-bearing spodumene dykes. Channel samples on four of them averaged 1.03% Li2O, with one hitting a peak of 3.31%. Ground magnetics, along with liquid separation and flotation tests, have been recommended for the project.

The 1,659-hectare property has all-weather access to Yellowknife, 45 kilometres southwest.

92 Resources also anticipates initial exploration this year on its 5,536-hectare Pontax property in Quebec’s James Bay region.

Last month the company closed an oversubscribed private placement of $895,199.

92 Resources files 43-101 for NWT lithium project, outlines 2017 plans

January 24th, 2017

by Greg Klein | January 24, 2017

Crediting itself with a successful 2016, 92 Resources TSXV:NTY greeted the new year with a 43-101 technical report for its Hidden Lake lithium project and outlined plans for two other “new energy” properties. Besides the Northwest Territories’ Hidden Lake, the company holds the Pontax lithium property in northern Quebec and the Golden frac sand property in southeastern British Columbia.

92 Resources files 43-101 for NWT lithium project, outlines 2017 plans

With sample bags ready for the lab, a
geologist documents the Hidden Lake project.

Last year’s channel sampling at the Hidden Lake flagship tested four of at least six known lithium-bearing spodumene dykes, with the 308 samples averaging 1.03% Li2O. Forty-nine channels averaged over 0.5%, with the average grade and length for the 49 coming to 1.16% over 5.29 metres. One sample hit a peak of 3.31% Li2O.

Encouraged by the results, the report’s author proposed a ground magnetics survey, along with liquid separation and flotation tests to confirm samples are suitable for producing a spodumene concentrate. Should work prove successful, the next phase would call for drilling and further metallurgy.

The 1,659-hectare property has both helicopter access and an all-weather road connection to Yellowknife, 45 kilometres southwest.

The 5,536-hectare Pontax property, in a district known for spodumene-bearing pegmatites and geology favourable to gold occurrences, has initial exploration expected this year. The company also intends to develop opportunities around its 808-hectare Golden frac sand property, adjacent to Heemskirk Canada’s Moberly silica mine.

92 Resources raised a total of $1.49 million last year.

Back on the autobahn

November 2nd, 2015

Twelve Zimtu Capital companies bring their exploration opportunities to Europe

by Greg Klein

Next Page 1 | 2

Overseas investors once again get to meet Canadian juniors in person, as prospect generator Zimtu Capital TSXV:ZC and 11 of its holdings visit four European cities from November 5 to 11. Now in the event’s fifth year, company reps will hold conferences in Munich, Geneva, Zurich and Frankfurt to largely institutional audiences, demonstrating the wide-ranging interest in exploration opportunities.

“Essentially it’s a commitment by Zimtu and all the participating companies to keep the European investor informed about what the companies are doing, to meet the management and form a relationship with the guys who are going to be making the decisions, effectively spending their money,” says Zimtu president Dave Hodge.

Twelve Zimtu Capital companies bring their exploration opportunities to Europe

The Zimtu bus arrives as crowds enter
Munich’s Edelmetallmesse in 2014.

“Many of the investors who are still interested in the sector had made great money in the past and experienced tremendous upside in some stocks. Certainly the Canadian junior market is very unique globally and provides that opportunity for the European investor to speculate on discovery.”

Describing himself as a “grizzled veteran of the Zimtu bus,” Chris Berry acts as MC, moderator and keynote speaker. The president of House Mountain Partners and co-editor of the Disruptive Discoveries Journal says, “I like to go back and get a sense of what institutional investors in those cities are thinking about, not just about commodity markets but central bank policies and the macro economy.”

His talk will briefly review the perspectives he offered last year then “challenge the audience” with four questions to consider in 2016. “It’s really more of a discussion than a lecture and I hope there’s a lot of pushback and debate. That gets people thinking and hopefully planning for better times next year.”

While the downturn’s all too obvious, several Zimtu holdings have made impressive strides over the last year. Some of the more remarkable stories include the creation of ALX Uranium TSXV:AL after Lakeland Resources and Alpha Exploration won overwhelming shareholder approval to combine their companies. The result is a distinguished team overseeing one of the Athabasca Basin’s largest and most prospective portfolios.

Competing for flagship status are a number of drill-ready projects including Kelic Lake, where a rig’s currently at work. Gibbon’s Creek has a ground gravity survey underway to follow up on last winter’s 2,550-metre program on a property hosting some of the Basin’s highest radon levels. The company’s Carter Lake and Hook Lake properties feature around 15 kilometres of untested corridors on strike with the Patterson Lake South, Arrow and Spitfire discoveries. Other drill-ready projects include Newnham Lake and Lazy Edward Bay, a 60% stake in the Carpenter Lake joint venture and an 80% share of the Gorilla JV.

Well financed for additional campaigns, the ALX team has been poring over property data to further establish priorities.

Twelve Zimtu Capital companies bring their exploration opportunities to Europe

Commerce Resources addresses last year’s Munich conference.

Focusing on a rare earths project with relatively simple mineralogy, Commerce Resources TSXV:CCE continues to make progress with drilling, metallurgy and community engagement as its Ashram deposit in northern Quebec moves towards pre-feasibility. Last month the company increased rare earth elements recovery from 71% to 76% at a high grade of 42% total rare earth oxides, while also simplifying the plant’s flowsheet. The most impressive concentrates so far have graded 48.9% TREO at 63% recovery and 45.7% TREO at 71% recovery.

Following high-grade, near surface assays from the winter/spring drill program, Commerce has a summer/fall campaign targeting around 32 holes for 3,000 metres. A new infrastructure model indicates cost-cutting potential. The company’s commitment to social responsibility won an award from l’Association de l’exploration minière du Québec.

In British Columbia, Commerce’s Blue River tantalum-niobium project achieved its preliminary economic assessment in 2011.

Recognizing that the great nickel deposits of Sudbury, Norilsk, Thompson and Raglan occur in clusters, Equitas Resources TSXV:EQT acquired the recently assembled Garland project in Labrador, 30 kilometres from Voisey’s Bay. Then, for the first time, Equitas subjected Garland to modern geophysics. Now a drill program under the supervision of Voisey’s veteran Everett Makela has 12 VTEM anomalies targeted.

With over $3.8 million raised since September, the company continues drilling while awaiting initial assays.

Inspired by China’s allure for the beauty and practical qualities of B.C. jade, Electra Stone TSXV:ELT intends to create a vertically integrated nephrite jade mining, trading and marketing platform. The company began by acquiring properties as well as expertise, and has so far confirmed jade at two of six projects before winter conditions ended exploration.

Eager to make contact with potential buyers, Electra bought and shipped an 18-tonne cargo of jade to Shanghai in September and is now preparing a second shipment. The company also produces chalky geyserite, or aluminum silica, from a Vancouver Island quarry. The product’s U.S. customer collaborated with Electra on a drill program last summer to study the project’s expansion potential.

Next Page 1 | 2