Friday 26th April 2019

Resource Clips


Posts tagged ‘silica’

92 Resources increases its Quebec lithium-polymetallic potential with expanded acquisition

April 24th, 2019

by Greg Klein | April 24, 2019

An amended option with “no additional share, cash or work commitment” brings more land and greater prospects in northern Quebec’s James Bay region to 92 Resources TSXV:NTY. A 4,253-hectare increase to a previous 75% earn-in with Osisko Mining TSX:OSK now covers that company’s entire FCI property. Combined with 92’s adjacent and wholly owned Corvette project, the Corvette-FCI property now comprises three contiguous claim blocks in a 14,496-hectare parcel that stretches for over 25 kilometres along the Lac Guyer greenstone belt.

92 Resources increases its Quebec lithium-polymetallic potential with expanded acquisition

Past work at the newly acquired FCI West found 16 showings of base and precious metals along two parallel trends extending over 10 kilometres in length. Historic, non-43-101 assays from FCI West’s Golden Gap prospect included outcrop samples as high as 108.9 g/t gold, a 2003 drill interval of 10.5 g/t gold over seven metres and a channel sample of 14.5 g/t gold over two metres.

FCI West’s Tyrone-T9 prospect includes an historic, non-43-101 channel sample of 1.15% copper over 2.1 metres. Despite high-grade lithium showings at Corvette, FCI West has never been evaluated for the energy metal, the company stated.

Immediately south and west of 92’s new turf sits Azimut Exploration’s (TSXV:AZM) Pikwa property. Adjacently north of FCI West, Midland Exploration’s (TSXV:MD) 2018 field program on the Mythril project found outcrop and boulder samples grading 16.7% copper, 16.8 g/t gold and 3.04% molybdenum. 92 anticipates significant activity by multiple companies along the Lac Guyer greenstone belt this year “as the magnitude of the Mythril-style copper-gold mineralization unfolds.”

Regional infrastructure includes a powerline and the all-season Trans-Taiga Road 10 kilometres north of Corvette-FCI.

This year’s exploration program will follow evaluation of historic data, with work expected to wrap up in summer.

The amended option with Osisko would give 92 the additional claims by satisfying terms of the 75% earn-in on FCI East. That deal calls for an initial million shares, another million shares and $250,000 of work in year one, another $800,000 in year two and a further $1.2 million in year three, while Osisko acts as project operator. At that point the companies would form a 50/50 JV. Another $2 million in expenditures from 92 would raise the company’s stake to 75%. With FCI West now incorporated into that agreement, “no additional share, cash or work commitment is required by the company,” 92 emphasized.

The company retains a 100% interest in Corvette’s 172 claims.

92’s Quebec portfolio also includes the Pontax, Eastman and Lac du Beryl properties. Lithium-tantalum grab samples from Pontax have reached up to 0.94% Li2O and 520 ppm Ta2O5.

In British Columbia 92 holds the Silver Sands vanadium prospect and the Golden frac sand project. In the Northwest Territories, Far Resources CSE:FAT works towards a 90% earn-in on 92’s Hidden Lake lithium project.

92 closed a private placement of $618,000 last December.

Read more about 92 Resources here and here.

92 Resources plans 2019 advancement of Canadian energy metals projects

January 22nd, 2019

by Greg Klein | January 22, 2019

With a portfolio that features lithium projects in Quebec along with vanadium and frac sand properties in British Columbia, 92 Resources TSXV:NTY now has its new year agenda in preparation. Taking precedence will be the FCI claims, a recent acquisition that enhances the company’s adjacent Corvette lithium project in Quebec’s James Bay region.

92 Resources plans 2019 advancement of Canadian energy metals projects

High-grade channel sampling has brought
Corvette’s CV1 pegmatite to the drill-ready stage.

Under a 75% earn-in, 92 has a year one spending commitment of $250,000 on FCI. The company has been reviewing historic data while working with operator Osisko Mining TSX:OSK to plan a surface program for the spring and summer. Following that will be a new field campaign at Corvette to precede the first-ever drill program on the two bordering properties.

Encouraging developments from Corvette last year include channel sampling on the CV1 pegmatite that revealed lithium grading as high as 2.28% Li2O over 6 metres and 1.54% over 8 metres, along with tantalum results. The team discovered two more spodumene-bearing pegmatites that suggest a potentially large mineralizing system along strike and at depth, 92 reported. A substantial staking expansion to Corvette along with the FCI earn-in covers about 15 kilometres of potential strike.

Looking at other possible sources of Quebec lithium, 92 also has field programs planned for the Pontax, Eastman and Lac du Beryl properties. Pontax grab samples have graded up to 0.94% Li2O and 520 ppm Ta2O5.

Additionally, the 2019 agenda calls for surface sampling on the Silver Sands vanadium prospect acquired in B.C. last November. The property features regionally mapped rock units that potentially host vanadium-bearing horizons.

Last year 92 filed a 43-101 technical report for its Golden frac sand project in southern B.C., adjacent to Northern Silica’s high-grade Moberly silica mine.

In the Northwest Territories, 92 holds an interest in the Hidden Lake lithium project, the subject of a maiden drill program last year by Far Resources CSE:FAT. The latter company has completed 60% of a 90% earn-in from 92.

92 closed a private placement of $618,000 in late December.

Read more about 92 Resources.

92 Resources adds B.C. vanadium project to Quebec lithium package

November 20th, 2018

by Greg Klein | November 20, 2018

Expanding its portfolio of energy metals, 92 Resources TSXV:NTY moves into a vanadium exploration region in eastern British Columbia. The 3,735-hectare Silver Sands property sits directly east of Ethos Gold’s (TSXV:ECC) Pine Pass project, where a recent trenching program brought results including 0.48% V2O5 over 130 metres, part of a cumulative, non-continuous extent averaging 0.43% V2O5 over 218 metres. Ethos reports approximately 20 kilometres of subcrop strike distance on the property.

92 Resources adds B.C. vanadium project to Quebec lithium package

Silver Sands hosts similar features, 92 states. The company interprets the property’s rock types as “an adjacent thrust sheet, of analogous or identical lithologies” to those at Pine Pass, with both properties hosting “regionally mapped early Triassic-aged Spray River Group rocks (containing the Toad River and Grayling formations), which have been known to host vanadium-bearing horizons associated with phosphatic shales.

“Specifically, the project is host to the Lemoray phosphate prospect, a phosphatic horizon which has been historically noted in the academic literature, but its relation to vanadium mineralization has not yet been tested.”

92 hopes to begin initial field work once snow melts, says Neil McCallum of Dahrouge Geological Consulting.

92 president/CEO Adrian Lamoureux said the acquisition suits the company’s strategic plans. “With a focus on future energy metals such as lithium and frac sand, we have now positioned the company with a key vanadium asset in a mine-friendly jurisdiction. We will now evaluate and put together our winter exploration plans that should contain our Phase I drill program at the Corvette-FCI lithium project in Quebec.”

An option signed in September with Osisko Mining TSX:OSK gives 92 a 75% earn-in on the 10,000-hectare FCI claims adjacent to the flagship Corvette project. Corvette channel samples released that month averaged 1.35% Li2O, along with tantalum averaging 109 ppm Ta2O5.

Vanadium prices now approach an all-time high, having jumped over 550% since September 2016, Lamoureux added. Chinese steel accounts for most demand but vanadium-redox flow batteries offer additional future potential.

Pine Pass regional infrastructure includes Highway 97, the Canadian National Railway, transmission lines and natural gas pipelines.

92 gets Silver Sands by paying staking costs of $15,000, while the vendor keeps a 2% NSR.

In addition to Silver Sands and Corvette, the company holds three other Quebec lithium projects, Pontax, Eastmain and Lac du Beryl, as well as the Golden frac sand project in southern B.C.

Read more about 92 Resources.

Out crops opportunity

October 31st, 2018

Outcrops, pegmatites and spodumene mean lithium and tantalum for 92 Resources

by Greg Klein

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

92 Resources’ James Bay-region Corvette property features
drill-ready targets as well as 15 kilometres of potential strike to evaluate.

 

An early-stage but steadily advancing project shows 92 Resources TSXV:NTY focusing firmly on northern Quebec’s lithium. Successful field work so far has inspired two large property expansions, one in a deal with Osisko Mining TSX:OSK. Now with about 15 kilometres of potential strike length in one package, 92 hopes to prove up grade and tonnage to bring its Corvette property to an advanced level.

A series of outcrops reveals lithium along with tantalum occurring in spodumene-bearing pegmatite over at least two sub-parallel structures, explains Darren Smith. “We have drill-ready targets as well as lots of highly prospective ground to explore.” Having worked with the company for about two years through Dahrouge Geological Consulting and been a 92 advisory board member since July, he’s obviously enthusiastic about the project.

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

Surface showings have 92 Resources
optimistic about Corvette’s deeper potential.

And as a resident of Quebec City, he likes the jurisdiction too. “Quebec offers a lot of provincial support for mining,” Smith points out. “Also our Quebec projects fall within the James Bay Northern Quebec Agreement, which has structures in place for First Nations engagement and resource management.”

Corvette marked a change of direction for the company, after 92 optioned its Hidden Lake lithium property in the Northwest Territories to Far Resources CSE:FAT last January. Despite that project’s favourable sampling and metallurgical results, 92 saw even greater potential in its Quebec acquisitions. The theory found support from subsequent channel sampling grades and widths.

In September 92 released assays from 40 channel samples taken on the property’s CV1 pegmatite that averaged 1.35% Li2O. Tantalum showed up too, grading an average 109 ppm Ta2O5. Some highlights revealed:

  • 2.28% Li2O and 471 ppm Ta2O5 over 6 metres

  • 1.54% Li2O and 136 ppm Ta2O5 over 8 metres

  • 1.77% Li2O and 54 ppm Ta2O5 over 6 metres

  • 1.36% Li2O and 128 ppm Ta2O5 over 11 metres

  • 1.2% Li2O and 128 ppm Ta2O5 over 4 metres

  • 1.02% Li2O and 95 ppm Ta2O5 over 11 metres

About 50 metres north, the CV2 pegmatite showed:

  • 0.73% Li2O and 140 ppm Ta2O5 over 4 metres

  • 0.55% Li2O and 136 ppm Ta2O5 over 4 metres

True widths weren’t known.

Another promising development was the discovery of two more spodumene-bearing pegmatites. A grab sample grading 1.61% Li2O came from CV3, about 250 metres south of CV1. A 0.74% grab sample marked CV4, about three kilometres northeast and along strike of CV1.

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

Corvette outcrops can host a helicopter
as well as spodumene-bearing pegmatite.

“We’re looking for tonnage and grade, and the grade has been demonstrated to be quite favourable,” Smith says. “The program added more tonnage potential through the CV3 and CV4 pegmatites, which show there might be multiple parallel structures. Because we have large occurrences over a three-kilometre strike length, it is inferred that it could be decent depth and that’s how to build tonnage. So now we have a structure over three kilometres along strike with mineralized spodumene-bearing pegmatite at either end. This is very positive because pegmatites tend to occur in swarms and congregations.”

The potential strike could be much greater yet, thanks to recent property expansions. In August the company staked another 4,918 hectares, more than doubling Corvette’s size. The following month 92 announced a 75% earn-in on Osisko’s neighbouring FCI claims, adding 14,034 hectares to the project and putting a potential strike of 15 kilometres into one package.

“Satellite imagery suggests favourable-looking outcrops there as well, so we’re pretty excited about that. We now have a lot of strike length that remains to be evaluated on the joint venture with Osisko, as well as drill-ready targets on the CV1 and 2 pegmatites.”

With a $250,000 work commitment for year one, FCI might take precedence over CV1 and 2. Plans will be determined shortly by a committee made up of two reps from each company. Osisko will act as operator on FCI in accordance with a previous ownership agreement.

Outcrops, pegmatites and spodumene mean lithium for 92 Resources

An earn-in with Osisko Mining
expands Corvette’s size and potential.

Gold and base metals possibilities also merit attention. An earlier grab sample from FCI reported by Virginia Mines brought historic, non-43-101 results of 38.1 g/t gold, while another graded 0.3 g/t gold, 150 g/t silver, 1.89% copper, 11.15% lead and 1.45% zinc.

Interestingly, that was the report that tipped off 92 about Corvette’s lithium potential. Not focused on the energy metal, Virginia just briefly noted the presence of pegmatite. Intrigued, 92 made an initial one-day visit in October 2017 “and saw massive spodumene sparkling on this big outcrop,” remembers Smith. Grab samples revealed 0.8%, 3.48% and 7.32% Li2O from the then-unnamed CV1 pegmatite and 1.22% from CV2, which also returned 90 ppm Ta2O5.

Currently helicopter-accessible, the exploration area sits about 15 kilometres south of the all-season Trans-Taiga Road and transmission line.

92’s also been busy with lithium-bearing pegmatite on its Pontax project, roughly 260 crow-flying kilometres southwest of Corvette. A week of work curtailed by last summer’s forest fires brought one grab sample grading 0.94% Li2O and 520 ppm Ta2O5, while another taken 600 metres away showed 0.72% Li2O and 87 ppm Ta2O5. A third sample taken another 1.3 kilometres along strike assayed 631 ppm Ta2O5 and an anomalous 0.02% Li2O.

“The samples come from an area of large outcrops that likely connect. The samples are random and separated by a decent distance, so they’re probably representative,” says Smith. “It’s a very good secondary project that complements Corvette.”

The company holds two other James Bay-region properties hosting pegmatite, Eastmain and Lac du Beryl. Looking at an entirely different energy-related commodity, 92 filed a 43-101 technical report for the Golden frac sand project in southern British Columbia last April. Located adjacent to the Moberly silica mine where Northern Silica restarted operations last year, Golden “hits the criteria for grade, rail and other infrastructure, proximity to markets and commodity demand,” says Smith.

As for Corvette, “I think it has enormous potential. It has a lot of tonnage potential, it’s in a new area, the geology works and the next program could really make the difference. So it’s positioned with a maximum amount of upside. The Osisko deal is very positive too and they’re a good partner to have, so I think 92 is well-positioned to really maximize the value of this asset.”

92 Resources expands Quebec lithium potential with new pegmatite discovery

October 25th, 2018

by Greg Klein | October 25, 2018

While remaining focused on its flagship Corvette project, 92 Resources TSXV:NTY announced surface exploration results from another Quebec lithium property. A week of field work at the James Bay-region Pontax project found pegmatite hosting lithium along with tantalum. One outcrop grab sample graded 0.94% Li2O and 520 ppm Ta2O5, while another taken 600 metres away assayed 0.72% Li2O and 87 ppm Ta2O5. A third sample taken another 1.3 kilometres along strike revealed 631 ppm Ta2O5 and an anomalous 0.02% Li2O.

92 Resources expands Quebec lithium potential with new pegmatite discovery

Last summer’s field program found lithium-bearing pegmatite
at surface on 92 Resources’ Pontax property in northern Quebec.

The program followed a review of historic work, satellite imagery and last spring’s tightly spaced airborne magnetic survey. Satellite imagery suggests the presence of several outcrops which might indicate a larger body under thin overburden, the company stated.

Further prospecting brought samples grading up to 141 ppb gold. Forest fires limited work, leaving some geophysical targets yet to be assessed.

The 5,536-hectare property sits in a region hosting other lithium projects including Nemaska Lithium’s (TSX:NMX) Whabouchi mine now under construction about 90 kilometres east.

Last month 92 Resources announced channel sample results from Corvette, another James Bay-region project and the company’s flagship. Forty samples taken from the property’s CV1 pegmatite ranged between 0.02% and 3.85% Li2O, averaging 1.35%. CV1 samples also averaged 109 ppm Ta2O5, while CV2 pegmatite samples averaged 138 ppm Ta2O5.

CV3 and CV4, two recently discovered spodumene-bearing pegmatites, showed grab samples grading 1.61% Li2O and 0.74% Li2O respectively. The company has permitting underway for an initial drill program on CV1 and CV2, and plans follow-up surface work on CV3 and CV4.

Earlier last month 92 Resources signed a 75% option on adjoining claims that make up the eastern area of Osisko Mining’s (TSX:OSK) FCI property. The acquisition would place the entire pegmatite trend currently defined by Corvette’s four known pegmatites in one project.

In April 92 Resources filed a 43-101 technical report on the Golden silica property in eastern British Columbia.  The company has optioned its Hidden Lake lithium project in the Northwest Territories to Far Resources CSE:FAT, which earned an initial 60% on completing last summer’s 10-hole drill campaign.

And the mania continues

August 10th, 2018

How gold rushes helped make the modern world

by Benjamin Wilson Mountford/La Trobe University and Stephen Tuffnell/University of Oxford | posted with permission of The Conversation

How gold rushes helped make the modern world

Detail from an 1871 lithograph by Currier & Ives portraying the Californian goldfields in 1849.

 

This year is the 170th anniversary of one of the most significant events in world history: the discovery of gold at Sutter’s Mill in Coloma, California. On January 24, 1848, while inspecting a mill race for his employer John Sutter, James Marshall glimpsed something glimmering in the cold winter water. “Boys,” he announced, brandishing a nugget to his fellow workers, “I believe I have found a gold mine!”

Marshall had pulled the starting trigger on a global rush that set the world in motion. The impact was sudden—and dramatic. In 1848 California’s non-Indian population was around 14,000; it soared to almost 100,000 by the end of 1849, and to 300,000 by the end of 1853. Some of these people now stare back at us enigmatically through daguerreotypes and tintypes. From Mexico and the Hawaiian Islands; from South and Central America; from Australia and New Zealand; from Southeastern China; from Western and Eastern Europe, arrivals made their way to the golden state.

How gold rushes helped make the modern world

JCF Johnson’s Euchre in the Bush, circa 1867, depicts a card game
in a hut on the Victorian goldfields in the 1860s. (Oil on canvas
mounted on board, courtesy of the Art Gallery of Ballarat)

Looking back later, Mark Twain famously described those who rushed for gold as

a driving, vigorous restless population … an assemblage of two hundred thousand young men—not simpering, dainty, kid-gloved weaklings, but stalwart, muscular, dauntless young braves…

“The only population of the kind that the world has ever seen gathered together,” Twain reflected, it was “not likely that the world will ever see its like again.”

Arriving at Ballarat in 1895, Twain saw first-hand the incredible economic, political and social legacies of the Australian gold rushes, which had begun in 1851 and triggered a second global scramble in pursuit of the precious yellow mineral.

“The smaller discoveries made in the colony of New South Wales three months before,” he observed, “had already started emigrants towards Australia; they had been coming as a stream.” But with the discovery of Victoria’s fabulous gold reserves, which were literally Californian in scale, “they came as a flood.”

Between Sutter’s Mill in January 1848, and the Klondike in the late 1890s, the 19th century was regularly subject to such flooding. Across Australasia, Russia, North America and Southern Africa, 19th century gold discoveries triggered great tidal waves of human, material and financial movement. New goldfields were inundated by fresh arrivals from around the globe: miners and merchants, bankers and builders, engineers and entrepreneurs, farmers and fossickers, priests and prostitutes, saints and sinners.

How gold rushes helped make the modern world

A nugget believed to be the first piece of gold
discovered in 1848 at Sutter’s Mill in California.
(Smithsonian National Museum of American History)

As the force of the initial wave began to recede, many drifted back to more settled lives in the lands from which they hailed. Others found themselves marooned, and so put down roots in the golden states. Others still, having managed to ride the momentum of the gold wave further inland, toiled on new mineral fields, new farm and pastoral lands, and built settlements, towns and cities. Others again, little attracted to the idea of settling, caught the backwash out across the ocean—and simply kept rushing.

From 1851, for instance, as the golden tide swept towards NSW and Victoria, some 10,000 fortune seekers left North America and bobbed around in the wash to be deposited in Britain’s Antipodean colonies alongside fellow diggers from all over the world.

Gold and global history

The discovery of the precious metal at Sutter’s Mill in January 1848 was a turning point in global history. The rush for gold redirected the technologies of communication and transportation, and accelerated and expanded the reach of the American and British Empires.

Telegraph wires, steamships and railroads followed in their wake; minor ports became major international metropolises for goods and migrants (such as Melbourne and San Francisco) and interior towns and camps became instant cities (think Johannesburg, Denver and Boise). This development was accompanied by accelerated mobility—of goods, people, credit—and anxieties over the erosion of middle class mores around respectability and domesticity.

But gold’s new global connections also brought new forms of destruction and exclusion. The human, economic and cultural waves that swept through the gold regions could be profoundly destructive to Indigenous and other settled communities, and to the natural environment upon which their material, cultural and social lives depended. Many of the world’s environments are gold rush landscapes, violently transformed by excavation, piles of tailings and the reconfiguration of rivers.

How gold rushes helped make the modern world

The Earth, at the End of the Diggings.
(Courtesy, Ballaarat Mechanics’ Institute)

As early as 1849, Punch magazine depicted the spectacle of the earth being hollowed out by gold mining. In the “jaundice regions of California,” the great London journal satirised: “The crust of the earth is already nearly gone … those who wish to pick up the crumbs must proceed at once to California.” As a result, the world appeared to be tipping off its axis.

In the U.S. and beyond, scholars, museum curators and many family historians have shown us that despite the overwhelmingly male populations of the gold regions, we cannot understand their history as simply “pale and male.” Chinese miners alone constituted more than 25% of the world’s goldseekers, and they now jostle with white miners alongside women, Indigenous and other minority communities in our understanding of the rushes—just as they did on the diggings themselves.

Rushes in the present

The gold rushes are not mere historic footnotes—they continue to influence the world in which we live today. Short-term profits have yielded long-term loss. Gold rush pollution has been just as enduring as the gold rushes’ cultural legacy. Historic pollution has had long-range impacts that environmental agencies and businesses alike continue to grapple with.

At the abandoned Berkley pit mine in Butte, Montana, the water is so saturated with heavy metals that copper can be extracted directly from it. Illegal mining in the Amazon is adding to the pressures on delicate ecosystems and fragile communities struggling to adapt to climate change.

The phenomenon of rushing is hardly alien to the modern world either—shale gas fracking is an industry of rushes. In the U.S., the industry has transformed Williston, North Dakota, a city of high rents, ad hoc urban development and an overwhelmingly young male population—quintessential features of the gold rush city.

In September last year, the Wall Street Journal reported that a new gold rush was underway in Texas: for sand, the vital ingredient in the compound of chemicals and water that is blasted underground to open energy-bearing rock. A rush of community action against fracking’s contamination of groundwater has followed.

The world of the gold rushes, then, is not a distant era of interest only to historians. For better or worse, the rushes are a foundation of many of the patterns of economic, industrial and environmental change central to our modern-day world of movement.

Benjamin Mountford and Stephen Tuffnell’s forthcoming edited collection A Global History of Gold Rushes will be published by University of California Press in October 2018. A sample of their work can also be found in the forthcoming volume Pay Dirt! New Discoveries on the Victorian Goldfields (Ballarat Heritage Services, 2018).

Benjamin Wilson Mountford, David Myers Research Fellow in History, La Trobe University and Stephen Tuffnell, Associate Professor of Modern U.S. History, University of Oxford

This article was originally published on The Conversation. Read the original article.

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92 Resources finds high-quality silica potential in B.C. frac sand property, plans drilling for Quebec lithium

March 5th, 2018

by Greg Klein | March 5, 2018

With initial sampling results now in, an eastern British Columbia project shows greater potential to serve growing demand from both solar panel manufacturing and oil and gas exploration. During summer field work at its Golden project, 92 Resources TSXV:NTY collected 60 samples from the property’s Mount Wilson formation. Fifty samples surpassed 98% SiO2 and 22 exceeded 99%, peaking at 99.89%.

92 Resources finds high-quality silica potential in B.C. frac sand property, plans drilling for Quebec lithium

Still to come are frac sand results.

The assays also showed low levels of iron contamination, less than 0.1% Fe2O3 for 55 samples. Boron contamination also rated low, between 3 and 13 ppm. Final boron assays are expected soon, the company added.

Most of the samples came from the easily accessible Frenchman’s Ridge area, where the Mount Wilson formation has been mapped over a strike of about 1.2 kilometres and over 400 metres in width, with thickness interpreted to be at least 50 metres, the company reported.

Encouraged by the program, 92 Resources added another 1,800 hectares to Golden, bringing its size to about 5,000 hectares. The original property sits next to the Moberly silica mine, from where Northern Silica ships material 16 kilometres to a facility capable of processing frac sand and other high-grade silica products. 92 Resources’ new turf covers outcrops of the Mount Wilson formation adjacently east and south of HiTest Sand’s Horse Creek project, which 92 Resources states is reportedly being developed as a silica source for a potential refinery in Washington state.

Regional infrastructure includes highways, rail and power.

In January the company announced Far Resources CSE:FAT joined 92 Resources’ Hidden Lake lithium project under a 90% earn-in. The 1,849-hectare Northwest Territories property has revealed grab sample grades up to 1.86% Li2O, as well as channel sample assays of 1.58% Li2O over 8.78 metres, 2.57% Li2O over 0.75 metres and 233 ppm Ta2O5 over one metre.

Also in January 92 Resources announced plans for three properties acquired last fall in Quebec’s James Bay region. Permitting is now underway for a four- to six-hole, 1,000-metre campaign at the Corvette project, where grab samples from one pegmatite included 0.8%, 3.48% and 7.32% Li2O. Another pegmatite sampled 1.22% Li2O and 90 ppm Ta2O5. The company also sees gold potential in the 3,891-hectare property.

The Pontax project has airborne magnetics and electromagnetics planned for Q1, with summer field work to follow. The work will focus on potential pegmatite trends as well as gold targets on the 5,536-hectare property, which the company considers part of the Eastmain River Volcanic Belt.

In early January 92 Resources closed an oversubscribed private placement of $1.14 million.

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

First visit yields surface grades up to 7.32% on 92 Resources’ new Quebec lithium property

October 5th, 2017

by Greg Klein | October 5, 2017

First visit yields surface grades up to 7.32% on 92 Resources’ new Quebec lithium property

A single day of due diligence on a new acquisition brought high lithium values for 92 Resources TSXV:NTY. Selected grab samples from the Corvette property in northern Quebec assayed 0.8%, 3.48% and 7.32% Li2O at surface from one pegmatite outcrop and 1.22% from another, which also showed an anomalous tantalum result of 90 ppm Ta2O5.

The 3,891-hectare property comprises one of three prospective lithium acquisitions in Quebec’s James Bay region announced last month.

The two spodumene-bearing pegmatites, about 75 metres apart and trending sub-parallel, “highlight the prospective nature of the property,” 92 Resources stated. With only a small part of the property explored so far, the company has more prospecting as well as channel sampling planned before winter sets in.

In September the company announced a two-week program of prospecting and channel sampling at its flagship Hidden Lake lithium project in the Northwest Territories. Follow-up metallurgical results released the same month on a concentrate produced from Hidden Lake material showed an overall extraction rate of 97%.

92 Resources also has a 43-101 technical report planned for its Golden frac sand project in eastern British Columbia.

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

92 Resources adds three Quebec properties to its lithium portfolio

September 21st, 2017

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.

92 Resources advances NWT hardrock lithium metallurgy

September 18th, 2017

by Greg Klein | September 18, 2017

92 Resources advances NWT hardrock lithium metallurgy

Follow-up tests using standard methods brought high-grade lithium results for 92 Resources’ (TSXV:NTY) Hidden Lake project in the Northwest Territories. After further work on a spodumene-montebrasite concentrate of 6.16% Li2O produced in July, the company now reports an overall extraction rate of 97%. The tests consisted of roasting followed by acid baking and water leaching, industry-standard extraction techniques for lithium, 92 Resources stated.

The next stage calls for magnetic separation, heavy liquid separation and additional flotation on material collected during the current field program. So far work has used analytical reject material, but whole rock material will be preferred for Phase II, the company added.

Earlier this month a crew returned to the property, about 40 kilometres by road from Yellowknife, for a program of channel sampling and prospecting for additional pegmatites.

The summer agenda also included field work at the company’s Golden frac sand project in eastern British Columbia. The property sits adjacent to Northern Silica’s Moberly project, a former source of silica sand for the glass industry that’s now being redeveloped as a frac sand production and processing operation.

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