Sign up Australia
Proactive Investors - Run By Investors For Investors

92 Resources Corp encouraged by recent sampling at Corvette property

On the one-day site visit, two large pegmatites were discovered, and four grab samples were collected.
92 Resources Corp encouraged by recent sampling at Corvette property
Lithium is a buzz commodity at the moment - especially for its use in batteries

Energy solutions group 92 Resources Corp (CVE:NYT) has been encouraged by a site visit to its 100% owned Corvette property in Quebec, where sampling has returned 3.48% and 7.32% lithium dioxide.

Although only a small area was evaluated during the one-day site visit, two large, sub-parallel pegmatites were discovered, and four grab samples were collected.

"With only one day of targeted prospecting and sampling, we have outlined two spodumene pegmatites both in close proximity and confirmed that significant grades of lithium are present," said  Adrian Lamoureux,  the chief executive.

The Corvette property was acquired as part of a three-property land package agreement recently completed.

It consists of 76 claims for total of 3,891 hectares and was acquired for its lithium potential, and as a complementary asset to its flagship Hidden Lake project in the Northwest Territories.

From the larger pegmatite, three  samples assayed 0.80%, 3.48%, and 7.32% lithium.

From the second pegmatite, a single grab sample was collected. This pegmatite was also spodumene bearing and returned 1.22% lithium, as well as anomalous tantalum of 90 ppm (parts per million), the firm said.

92 Resources Corp currently holds three principal assets in Canada -  the Hidden Lake lithium property in the North West Territories, the Pontax Lithium property in Quebec, and the Golden Frac Sand Property in British Columbia.

View full NTY profile View Profile

92 Resources Corp Timeline

Related Articles

cobalt on the periodic table
March 06 2018
Avondale is 13km from the company’s Fifield Project in New South Wales and previous exploration work focused on whether the deposit was rich in platinum group metals.
Drilling rig at Mt Venn project
May 09 2018
The project is 30 kilometres west of the Gruyere gold deposit in the Eastern Goldfields district of Western Australia.
Gold bars
July 18 2018
The drill results had returned wide zones of mineralisation, the company said

No investment advice

The information on this Site is of a general nature only. It does not take your specific needs or circumstances into consideration, so you should look at your own financial position, objectives and requirements and seek financial advice before making any financial decisions. You acknowledge and understand that neither the Company, its related bodies corporate, the information providers or their affiliates will advise you personally about the nature, potential value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter. You should read our FSG and any other relevant disclosure documents and if necessary seek persona advice prior to making any investment decision.

You understand and agree that no Content (as defined below) published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person.

You understand that in certain circumstances the Company, its related bodies corporate, the information providers or their affiliates may have received, or be entitled to receive, financial or other consideration in connection with promoting, and providing information about, certain entities on the Site and in communications otherwise provided to you.

You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate. From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

Before you act on any general advice we provide, please consider whether it is appropriate for your personal circumstances.

© Proactive Investors 2018

Proactive Investors Australia PTY LTD ACN:132787654 ABN:19132787654.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use