Saturday 25th March 2017

Resource Clips


Posts tagged ‘silica’

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.

Infographic: The minerals behind solar energy

February 23rd, 2016

Posted with permission of Resource Works | February 23, 2016

“Mining is not antithetical to a green economy; it’s a necessity.” That’s how David S. Abraham expressed it in The Elements of Power. But it’s a point not always realized by some environmentally conscious people. Miners, of course, have an obligation to follow strict environmental standards. But without mining, green energy’s impossible.

Resource Works, a non-profit society that encourages “respectful, fact-based dialogue on responsible resource development in British Columbia,” produced this infographic looking at just one aspect of green energy, the minerals comprised in solar panels.

Most important is silica but even coal comes into play.

The minerals behind solar energy

Posted with permission of Resource Works.

September 3rd, 2015

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September 2nd, 2015

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MGX Minerals closes first tranche, issues clarification

July 22nd, 2015

by Greg Klein | July 22, 2015

Update: On July 22, following a review by the British Columbia Securities Commission, MGX issued a clarification that among other things retracted all previous references to historic mineral resources.

 

The first tranche of a private placement brought MGX Minerals CSE:XMG $289,999, the company announced July 21. Participants included Marquest FT Inc and the Marquest Asset Management Explorer Series Fund. The flow-through portion of $149,999 goes to the company’s flagship Driftwood Creek magnesium project in southern British Columbia.

While Driftwood works its way through the final stage of a mining lease application process, property acquisitions and project announcements have given the company a steady news flow over the last few months. In early July MGX completed surface sampling at White Moon and Captain, two recently acquired California magnesium properties about five kilometres apart.

Besides holding most of B.C.’s significant magnesite occurrences, MGX acquired the Longworth silica property in central B.C. earlier this month.

Read more about MGX Minerals.

July 8th, 2015

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July 8th, 2015

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MGX Minerals to acquire 100% of B.C. silica property and begin Phase I on California magnesium project

July 6th, 2015

by Greg Klein | July 6, 2015

Two July 6 announcements show MGX Minerals CSE:XMG advancing its industrial minerals portfolio. The company now plans to increase its stake to 100% of the Longworth silica property in British Columbia and begin exploration on its White Moon magnesium project in California.

MGX Minerals to acquire 100% of B.C. silica property and begin Phase I on California magnesium project

White Moon’s magnesite beds occur discontinuously
across approximately 800 metres in strike, MGX states.

MGX picked up White Moon, originally called Needles, just last month. Beginning July 13, MGX plans geochemical sampling of 40 historic trenches, mapping and outcrop sampling. Hoping to build and operate the United States’ only magnesium oxide wallboard production plant, the company plans a scoping study to assess infrastructure and potential plant locations.

MGX has engaged Jack Bal as a consultant to help advance its magnesium assets. Having raised over $50 million for junior resource companies, Bal was recently involved in mill permitting for CMC Metals’ (TSXV:CMB) Radcliffe gold project in California.

A purchase agreement with Zimtu Capital TSXV:ZC would increase MGX’s interest in the Longworth silica property to 100%. Replacing a 50% earn-in, the new deal would cost MGX 700,000 shares at a deemed price of $0.30. The road-accessible central B.C. property was considered one of the province’s top silica occurrences by the B.C. Geological Survey. MGX hopes to produce ferro-silicon, an essential alloy in iron and steel production.

The company also holds most of B.C.’s significant magnesite occurrences.

Late last month the company updated its Driftwood Creek magnesium project in southern B.C. and doubled a previous private placement offer up to two million shares at $0.30.

Read more about MGX Minerals.

Disclaimer: Zimtu Capital Corp is a client of OnPage Media Corp, the publisher of ResourceClips.com. The principals of OnPage Media may hold shares in Zimtu Capital.

September 26th, 2014

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