https://www.proactiveinvestors.com.au Proactiveinvestors RSS feed en Fri, 19 Oct 2018 17:49:49 +1100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - 92 Resources welcomes Darren Smith to board of advisors ]]> https://www.proactiveinvestors.com.au/companies/news/200706/92-resources-welcomes-darren-smith-to-board-of-advisors-200706.html Energy metals-focused firm 92 Resources Corp (CVE:NTY) told investors it had hired Darren L. Smith to its board of advisors.

With over 12 years’ experience in the mining industry, Smith currently works out of Quebec City, QC as a senior geologist and project manager with Dahrouge Geological Consulting.

His experience encompasses rare metals (tantalum, niobium, scandium), rare earth elements (REEs), lithium (pegmatite and brine), graphite, phosphate, fluorspar, uranium, cobalt, as well as base and precious metals.

He has provided technical oversight for PEA (preliminary economic assessment), PFS (pre-feasibility study), and FS (feasibility study) level project advancement and has set up and monitored complex metallurgical programs.

Most recently, he supervised the metallurgical program for the company’s Hidden Lake project, currently under option to Far Resources Ltd.

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Thu, 12 Jul 2018 11:21:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200706/92-resources-welcomes-darren-smith-to-board-of-advisors-200706.html
<![CDATA[News - 92 Resources kicks off week's exploration at Corvette property in Quebec ]]> https://www.proactiveinvestors.com.au/companies/news/200051/92-resources-kicks-off-week-s-exploration-at-corvette-property-in-quebec-200051.html 92 Resources Corp (CVE:NTY) said exploration had now kicked off at its Corvette property in the James Bay region of Quebec.

The work is focused on finding lithium and consists of two main components: channel sampling of the CV1 and CV2 pegmatites, along with potentially identifying additional targets.

The program is expected to take one week and will be immediately followed by a one-week prospecting program at the Pontax property in the same region.

The ground work at Pontax will focus on the numerous pegmatite targets yet to be assessed for their spodumene potential, as well as new gold targets generated from the recently completed heliborne high-resolution magnetic survey.

Corvette lies within the Lac Guyer greenstone belt, which is considered part of the larger La Grande Greenstone belt, in the James Bay Region.

92 bought the property based on a historic observation of spodumene noted on one of the claims.

The company followed-up on the ground in the fall of 2017 and discovered two spodumene-bearing pegmatites (CV1 and CV2), trending sub-parallel and in close proximity, with sample assays of 3.48% Li2O (lithium oxide) and 1.22% Li2O respectively.

The size potential, based on the outcrop exposure at surface, is also encouraging, with the CV1 pegmatite estimated to be between five and 30m in width and 150 m in length.

Corvette is also considered prospective for gold, with numerous high grade occurrences on adjacent properties along the same geological trend.

92 Resources currently holds four principal assets in Canada. These are the Corvette and Pontax lithium properties in Quebec, the Golden Frac Sand property in British Columbia and the  Hidden Lake lithium ]property, which is currently under option to Far Resources Ltd.

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Tue, 03 Jul 2018 08:39:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200051/92-resources-kicks-off-week-s-exploration-at-corvette-property-in-quebec-200051.html
<![CDATA[News - 92 Resources Corp identifies potential gold targets after airborne survey at Pontax property ]]> https://www.proactiveinvestors.com.au/companies/news/198798/92-resources-corp-identifies-potential-gold-targets-after-airborne-survey-at-pontax-property-198798.html Energy metals focused firm 92 Resources Corp (CVE:NTY) updated on developments at its Pontax property in the James Bay region of Quebec, where numerous targets have been identified after an airborne magnetic survey.

The group said a 1,094-line-km airborne survey has now been completed over the whole property, which comprises four claim blocks totalling 5,536 hectares.

Pontax also hosts favourable geologic setting for gold

Several large-scale structures were identified by the survey within the greenstone belt, which are thought to be highly prospective for gold mineralization.

As an immediate follow-up, the firm consolidated its land position in the emerging district with the acquisition (pending) of an additional 42 claims (about 2,236 hectares) contiguous to the main claim block and covering prospective gold targets.

Upon confirmation of the pending claims, Pontax will consist of 146 claims for around 7,772 hectares.

Also on the lithium front, within weeks, the firm will be mobilising field crews to the Pontax area to evaluate the spodumene content of historically mapped pegmatite outcrops, as well as potential pegmatites identified from satellite imagery.

Pontax remains underexplored for its lithium pegmatite potential and only limited exploration was completed historically.

The property lies between five and 30km southwest of, and on geologic trend from, Stria Lithium's Pontax lithium project.

Here, intersections have been found of 0.97% lithium oxide (Li2O) over 21 m (meters), including 1.43% Li2O over 13m.

As well as lithium, Pontax property also hosts a favourable geologic setting for gold, while the area has seen limited exploration on that front, noted 92 Resources.

Regional work completed last year by the Ministere des ressource naturelles identified numerous gold occurrences consisting of pristine gold grains in till samples, which were collected proximal to the western parts of the property.

92 Resources shares surged 11.11% to C$0.05 on the day.

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Wed, 13 Jun 2018 09:15:00 +1000 https://www.proactiveinvestors.com.au/companies/news/198798/92-resources-corp-identifies-potential-gold-targets-after-airborne-survey-at-pontax-property-198798.html
<![CDATA[News - 92 Resources' Golden Silica project has metallurgical silica and frac sand potential ]]> https://www.proactiveinvestors.com.au/companies/news/194366/92-resources-golden-silica-project-has-metallurgical-silica-and-frac-sand-potential-194366.html Energy metals firm 92 Resources Corp (CVE:NTY) said it had filed an NI 43-101 report for its Golden Silica property in British Columbia, adding that the property showed both frac sand and silica potential.

Last month, the firm revealed that as well as its high-purity silica, the property had the potential to supply the burgeoning frac sand industry.

In terms of metallurgical silica, the firm said that from a program in 2017, 22 of 60 samples assayed  greater than 99% SiO2 (silicon dioxide), including 10 samples, which were greater than 99.4%.

For the frac sand project, six of the 11 high-silica samples indicated the suitability for additional testing based on initial friability testing.

Similar to 2014 results, these samples produced a pure quartz sand from 20 to 100 mesh with sphericity measurements of 0.7 to 0.9 and roundness measurements from 0.4 to 0.6.

In short, based on preliminary results the samples passed certain specifications for frac sand proppant for purity, crush resistance and sphericity.

Frac sand is used in the oil and gas industry in fracking, the method used to exploit hydrocarbons, using liquids pumped in to fracture the rocks. 

It has been particularly widely used in the US oil industry - to exploit shale.

Metallurgical silica is used in the ever-growing solar panel industry.

Silicon dioxide (SiO2), also known as silica, has many applications, including microelectronics, computer chips and solar panels.

In early 2014, the firm acquired a 100% interest in an initial 807.77 hectares, next to the south boundary of the Mt Moberly mine and over Frenchman's Ridge.

The property has now been expanded six-fold to more than 5,000 hectares, to cover favourable ground with quartzite-sandstone exposures.

The newly expanded Golden Silica property now brackets or abuts both the operational Moberly Mine that is now producing frac sand, and the Horse Creek metallurgical silica mine, being developed by HiTest Sand Inc.

Shares were unchanged at C$0.080.

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Thu, 05 Apr 2018 11:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/194366/92-resources-golden-silica-project-has-metallurgical-silica-and-frac-sand-potential-194366.html
<![CDATA[News - 92 Resources set for helicopter survey at Pontax property ]]> https://www.proactiveinvestors.com.au/companies/news/193798/92-resources-set-for-helicopter-survey-at-pontax-property-193798.html Energy metals focused firm 92 Resources Corp (CVE:NTY) has pulled the trigger to begin an airborne magnetic survey at the Pontax property in the James Bay region of Quebec, which is expected to take four days.

Prospectair Geosurveys will carry out the work via helicopter over all four claim blocks in a bid to further define prospective pegmatite trends along with any gold targets.

With a tight 60 m (meter) line-spacing, a total of 1,805 line-km is planned to be completed.

Pontax covers the southwestern portions of a 100km long  area of meta-volcanics, considered to be part of the Eastmain River volcanic belt.

In addition to spodumene-bearing pegmatites, it is also considered prospective for gold.

The region is host to numerous gold occurrences, but only limited exploration has been completed at Pontax.

The property consists of 104 claims, totalling 5,536 hectares (ha), spread over four claim blocks, which are close to eachother.

It is between five and 30km from, and on trend, with Stria Lithium's Pontax lithium project where  intersections of 0.97% lithium over 21m, including 1.43% lithiumover 13 m, have been returned from a spodumene-bearing pegmatite swarm.

Shares are flat at C$0.085.

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Mon, 26 Mar 2018 09:07:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193798/92-resources-set-for-helicopter-survey-at-pontax-property-193798.html
<![CDATA[News - 92 Resources' Golden project has potential as frac sand supplier ]]> https://www.proactiveinvestors.com.au/companies/news/193646/92-resources-golden-project-has-potential-as-frac-sand-supplier-193646.html Energy metals firm 92 Resources Corp (CVE:NTY) revealed that as well as its high-purity silica, its Golden project in British Columbia has the potential to supply the burgeoning frac sand industry.

Frac sand is used in the oil and gas industry in fracking, the method used to exploit hydrocarbons, using liquids pumped in to fracture the rocks.  It has been particularly widely used in the US oil industry - to exploit shale.

As reported earlier this month, last summer a program of mapping and sampling of the Mount Wilson formation at the 100% owned project was completed to assess its potential for both high-purity silica and frac sand.

Highlight samples..

Highlights were that 22 of the 60 samples returned greater than 99% SiO2 (silicon dioxide), to a peak of 99.89% silicon dioxide, and the property confirmed its high-purity silica potential.

Today, 92 said that also 11 samples were chosen for possible frac sand determinations.

These were based on various criteria, including at least medium sand grain size, and visual estimates of friability.

After certain lab work, eight samples were considered sufficiently easy to disaggregate to continue testing, and then six samples passed all tests and produced frac sand sized grains with sufficient roundness and sphericity to be considered potentially saleable, said 92 Resources.

The best results were from two samples adjacent to the Mt. Moberly silica mine property with the remainder from the southern one-half of the Frenchman's Ridge deposit, the firm added.

In early 2014, the firm acquired a 100% interest in an initial 807.77 hectares, next to the south boundary of the Mt Moberly mine and over Frenchman's Ridge.

The property has now been expanded six-fold to over 5,000 hectares, to cover favourable ground with quartzite-sandstone exposures.

92 Resources shares stand at C$0.090 in Toronto.

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Thu, 22 Mar 2018 09:58:00 +1100 https://www.proactiveinvestors.com.au/companies/news/193646/92-resources-golden-project-has-potential-as-frac-sand-supplier-193646.html
<![CDATA[News - 92 Resources confirms high-purity silica at British Columbia project ]]> https://www.proactiveinvestors.com.au/companies/news/192625/92-resources-confirms-high-purity-silica-at-british-columbia-project-192625.html Energy metals firm 92 Resources Corp (CVE:NTY) has unveiled favourable findings from the  Golden frac sand and metallurgical silica project in British Columbia and increased its footprint in the area.

During last summer, a programme of mapping and sampling of the Mount Wilson formation was completed to assess its potential for both high-purity silica and frac sand.

Highlights were that 22 of the 60 samples returned greater than 99% SiO2 (silicon dioxide), to a peak of 99.89% silicon dioxide.

Meanwhile, 50 of the 60 samples returned greater than 98% SiO2 and there were low levels of iron contamination.

The company said that the majority of the samples were collected from the easily accessible Frenchman's Ridge deposit, where the Mount Wilson formation has been mapped over a strike length of around 1.2km, more than 400 metres width and is interpreted to be at least 50 metres thick.

"The results of the programme demonstrate the property hosts a mature quartzite characterised by high-quality and high-purity silica, which outcrops over a considerable strike lengths and thicknesses," said 92 Resources.

In addition, the results indicate considerable potential to address the high-purity silica market where silica serves, as an essential ingredient for use is polysilicon and various metallurgical applications, such as solar cells.

Due to the results, 92 said it had strategically expanded its tenure holdings south of Golden by around 1,800 hectares and the new lands cover the nearly 6km km long low-elevation outcrops of the Mount Wilson formation, it said.

The tenures are immediately east and south of the Horse Creek silica lease managed by HiTest Sand Inc, which is reportedly being developed as a silica source for a future refinery in Washington state.

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Mon, 05 Mar 2018 14:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/192625/92-resources-confirms-high-purity-silica-at-british-columbia-project-192625.html
<![CDATA[News - 92 Resources poised to start exploration at Corvette and Pontax lithium projects in Quebec ]]> https://www.proactiveinvestors.com.au/companies/news/190761/92-resources-poised-to-start-exploration-at-corvette-and-pontax-lithium-projects-in-quebec-190761.html 92 Resources Corp (CVE:NTY) revealed it was set for drilling and an airborne survey at its lithium pegmatite projects in the James Bay Region of Quebec.

The properties in question are the Corvette and Pontax lithium projects.

READ: 92 Resources brings in partner Far Resources, which could earn up to 90% of Hidden Lake

At Pontax, the firm said it was in the process of organising an airborne magnetic and electromagnetic (MAG-EM) survey for the property, which is considered to be part of the Eastmain River Volcanic Belt.

At Corvette, the firm has kicked off the permitting and notification process for an around 1,000 metre (m) - of four to six holes -  winter drill program.

Exploration there last autumn returned high-grade spodumene mineralisation from surface grab samples at what's called the CV1 pematite of up to 3.48 and 7.32% lithium oxide, the company said.

The CV1 pegmatite appears to measure up to around 30m across and 150m in length.

READ: 92 Resources' latest discovery highlights the potential for additional pegmatites at Hidden Lake

A second subparallel pegmatite, CV2, was also discovered during the program and returned 1.22% Li2O (lithium oxide) and 90 ppm (parts per million) tantalum oxide from a surface grab sample, further highlighting the prospective nature of the property.

Corvette is also considered prospective for gold, and although, not the focus of exploration, the potential for gold occurrences will also be assessed during the regional prospecting.

Last week, 92 Resources inked a deal, which gives Far Resources Ltd (CNSX:FAT) the right to earn-in up to 90% of its Hidden Lake lithium project in Canada.

Far Resources will become the operator, leaving 92 free to become more active with its other projects, said the latter.

"The company (92 Resources) will benefit from bringing in a financially and technically strong partner to further develop the project, and in the process will become a substantial shareholder of Far Resources with the ability to share in the project’s success," said 92.

 "We have shown that the Hidden Lake project has lots of great potential. Bringing in a partner like Far Resources gives us the ability to develop the project further at no out of pocket cost to us," said Adrian Lamoureux, the chief executive of 92 Resources.

READ: 92 Resources brings in C$1.14mln from placing

"If the project proves up as well as we hope, and Far Resources exercises its options, we will be a big part of that success through our remaining interest in the project and our share position in Far Resources."

On closing the deal, Far will pay $50,000 cash and issue $500,000 worth of its shares.

Shares zipped up over 13% in Toronto to C$0.12

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Mon, 29 Jan 2018 08:47:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190761/92-resources-poised-to-start-exploration-at-corvette-and-pontax-lithium-projects-in-quebec-190761.html
<![CDATA[News - 92 Resources brings in partner Far Resources, which could earn up to 90% of Hidden Lake ]]> https://www.proactiveinvestors.com.au/companies/news/190488/92-resources-brings-in-partner-far-resources-which-could-earn-up-to-90-of-hidden-lake-190488.html 92 Resources Corp (CVE:NTY) has inked a deal, which gives Far Resources Ltd (CNSX:FAT) the right to earn-in up to 90% of its Hidden Lake lithium project in Canada.

Far Resources will become the operator, leaving 92 free to become more active with its other projects, said the latter.

"The company (92 Resources) will benefit from bringing in a financially and technically strong partner to further develop the project, and in the process will become a substantial shareholder of Far Resources with the ability to share in the project’s success," said 92 Resources.

 "We have shown that the Hidden Lake project has lots of great potential. Bringing in a partner like Far Resources gives us the ability to develop the project further at no out of pocket cost to us," said Adrian Lamoureux, the chief executive of 92 Resources.

"If the project proves up as well as we hope, and Far Resources exercises its options, we will be a big part of that success through our remaining interest in the project and our share position in Far Resources."

On closing the deal, Far will pay $50,000 cash and issue  $500,000 worth of its shares.

To earn 60%, Far must spend $500,000 in exploration within  a year. It can then acquire an additional 10% for a total of 70% by issuing $250,000 worth of Far shares and spend $500,000 during the next year on exploration.

It then has  two more options of 10% each, so as to earn up to 90%, in  each case by issuing additional Far Resources shares to 92 Resources and expend additional amounts on the project within the year after each exercise.

Keith Anderson, chief executive of Far Resources added: “We like the potential of the Hidden Lake project. We think it fits in extremely well with our overall mineral development strategy. We look forward to working with 92 Resources as a partner and we have high hopes for Hidden Lake’s prospects."

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Tue, 23 Jan 2018 11:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/190488/92-resources-brings-in-partner-far-resources-which-could-earn-up-to-90-of-hidden-lake-190488.html
<![CDATA[News - 92 Resources' latest discovery highlights the potential for additional pegmatites at Hidden Lake ]]> https://www.proactiveinvestors.com.au/companies/news/189971/92-resources-latest-discovery-highlights-the-potential-for-additional-pegmatites-at-hidden-lake-189971.html 92 Resources Corp (CVE:NTY) said channel samples from its 2017 field program at the Hidden Lake lithium project topped out at 2.57% lithium oxide.

Its 2017 field program at Hidden Lake, in the Northwest Territories, focused on the evaluation of new targets in close proximity to the D12, HL1, HL3, and HL4 pegmatites, where up to 3.31% lithium oxide (Li2O) has been sampled in previous programs. This work included mapping and channel sampling of the HL6 and HL8 pegmatite bodies, which were discovered at the end of the 2016 field season with grab samples up to 1.86% Li2O.

The company said eight channel samples from the HL6 pegmatite assayed more than 1% lithium oxide, and the body remains a strong target for drill testing along with the D12, HL1, HL3, and HL4 pegmatites

Additionally, significant grades of tantalum pentoxide (Ta2O5) were discovered in the HL8 pegmatite, with a 5.1 metre channel grading 162 parts per million (ppm) Ta2O5 to a peak of 233 ppm.

The discovery of tantalum zones in the area is encouraging, the company said, and bolsters the project’s potential for tantalum, as well as for coupled zones of lithium and tantalum, to be discovered elsewhere on the property.

The company also reported the discovery of a new lithium-bearing pegmatite on the property, which it has designated at HL13, with 0.48% Li2O returned from initial sampling. This new pegmatite is relatively large with a length of roughly 200 metres and it shares a similar trend and character to that of HL1, HL3, HL4, and D12.

The discovery highlights the potential for additional pegmatites to exist on the property, with the total number of lithium-bearing pegmatites discovered at Hidden Lake now up to seven.

The company is in the process of planning an early 2018 drill program where the overarching objective will be to delineate sufficient tonnage/grade to support an initial mineral resource estimate for the project.

A portion of the program is expected to be funded through the C$140,000 grant awarded under the Northwest Territories Mining Incentive Program


 

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Fri, 12 Jan 2018 14:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189971/92-resources-latest-discovery-highlights-the-potential-for-additional-pegmatites-at-hidden-lake-189971.html
<![CDATA[News - 92 Resources highly encouraged by Hidden Lake DMS pilot plant results ]]> https://www.proactiveinvestors.com.au/companies/news/189828/92-resources-highly-encouraged-by-hidden-lake-dms-pilot-plant-results-189828.html Energy solutions group 92 Resources Corp (CVE:NYT) has posted further encouraging metallurgical results from its Hidden Lake lithium project in Canada.

The dense media separation (DMS) mini-pilot plant has now been completed and produced around 40kg of high-grade spodumene concentrate averaging 6.11% of lithium oxide (Li2O).

READ - 92 Resources unveils 'very encouraging' results from Hidden Lake lithium project

Whole-rock channel samples, amounting to 400kg of material, were collected from the recently completed summer field program and were used to feed the plant.

The pilot performed in line with expectations, the firm added.

The testwork continues to support that a final overall concentrate grade of between 6% and 6.5% of lithium oxide at high recovery (80 to 85%) is achievable using low-cost and conventional processing techniques.

Although high-grade concentrates at high recovery may be achievable using only a flotation method, a combination of dense media separation (DMS) and flotation is often the preferred approach for spodumene recovery.

READ - 92 Resources brings in C$1.14mln from placing

This is for various reasons, including that it's typically more cost-effective to operate, easier to control, and has a shorter operational start-up period.

92 Resources also noted that assays for tantalum from the various DMS product streams were pending.

The company currently holds three main assets in Canada -  the Hidden Lake lithium property, in the Northwest Territories, the Corvette lithium property, in Quebec, and the Golden frac sand property, in British Columbia.

Shares in the company fell almost 7% % to C$0.20.

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Wed, 10 Jan 2018 10:32:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189828/92-resources-highly-encouraged-by-hidden-lake-dms-pilot-plant-results-189828.html
<![CDATA[News - 92 Resources brings in C$1.14mln from placing ]]> https://www.proactiveinvestors.com.au/companies/news/189479/92-resources-brings-in-c114mln-from-placing-189479.html Energy solutions group 92 Resources Corp (CVE:NYT) said it had closed an oversubscribed private placing, bringing in C$1.141mln gross.

The firm issued over 11.4 mln units at 10 cents each.

Each unit comprised one share and one-half of a share purchase warrant, with each warrant entitling the holder to purchase one further share for up to 12 months for 15 cents.

Proceeds will be used to advance the firm's existing properties and for general working capital, it said.

92 Resources currently holds three main assets in Canada -  the Hidden Lake lithium property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, British Columbia.

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Wed, 03 Jan 2018 15:46:00 +1100 https://www.proactiveinvestors.com.au/companies/news/189479/92-resources-brings-in-c114mln-from-placing-189479.html
<![CDATA[News - 92 Resources Corp set to raise C$1mln via placing ]]> https://www.proactiveinvestors.com.au/companies/news/188971/92-resources-corp-set-to-raise-c1mln-via-placing-188971.html Energy solutions group 92 Resources Corp (CVE:NYT) is set to raise up to C$1mln via a private placing to advance the group's projects and for working capital.

It wants to issue 10mln units at 10 cents each, with each unit consisting of one share and one-half a share purchase warrant, exercisable into one further share for one year at 15 cents.

If the closing price of the shares is at or above 20 cents for ten consecutive days, 92 Resources may provide notice that the expiry date of the warrants has been accelerated and that those not exercised within 30 days will expire.

Also today, the company said it had granted 1.72mln incentive stock options to officers, directors and consultants.

The options are exercisable at 10 cents each for two years.

92 Resources currently holds three main assets in Canada -  the Hidden Lake lithium property, NWT, the Corvette Lithium Property, QC, and the Golden Frac Sand Property, British Columbia.

Shares in Toronto added 5% to C$0.10 on the day. 

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Mon, 18 Dec 2017 14:03:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188971/92-resources-corp-set-to-raise-c1mln-via-placing-188971.html
<![CDATA[News - 92 Resources unveils 'very encouraging' results from Hidden Lake lithium project ]]> https://www.proactiveinvestors.com.au/companies/news/188287/92-resources-unveils-very-encouraging-results-from-hidden-lake-lithium-project-188287.html The potential of energy solutions group 92 Resources Corp's (CVE:NYT) Hidden Lake lithium project in Canada continues to become more visible.

The firm reported encouraging results from metallurgical work on the pegmatites from the property.

Several flotations tests have now been completed on the whole rock material, the firm said.

They have returned high grade concentrates of  between 6.2% and 6.5% lithium at high overall recovery rates -  of between 82%  and 85%.

"The metallurgical program has advanced significantly further than we had initially anticipated at this stage," said 92 Resources' president and chief executive Adrian Lamoureux.

"We have now demonstrated the spodumene has low iron, is coarse grained, well liberated, and responds strongly to cost effective beneficiation techniques to produce high-grade concentrate at high-recoveries.

"Further, prior test work indicates lithium extractions for the concentrates at up to 97%."

The company boss added that he looked forward to  completing the remaining Phase II DMS (dense media separation) work and evaluating the next steps in the flowsheet development.

92 Resources added that a new  mini DMS pilot plant of around 500 kg was currently underway with the objective of producing enough middling material to demonstrate the complete beneficiation flowsheet.

In addition, the deportment of the chemical element tantalum will be tracked throughout the process to determine its potential to be recovered.

Shares added 5% in Toronto to C$0.10 each.

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Tue, 05 Dec 2017 09:15:00 +1100 https://www.proactiveinvestors.com.au/companies/news/188287/92-resources-unveils-very-encouraging-results-from-hidden-lake-lithium-project-188287.html
<![CDATA[News - 92 Resources assigned Legal Entity Identifier number to comply with EU regulations ]]> https://www.proactiveinvestors.com.au/companies/news/187534/92-resources-assigned-legal-entity-identifier-number-to-comply-with-eu-regulations-187534.html 92 Resources Corp. (CVE:NTY) said it has been assigned the Legal Entity Identifier, to comply with the European Union regulations that requires the use of the LEI as a barcode equivalent aimed at pinpointing systemic risks.

In a statement, the energy solutions company said it has been assigned the number 529900XDIJAIG9QO0I38.

READ: 92 Resources Corp encouraged by recent sampling at Corvette property

The LEI is a 20-digit alphanumeric code that is an internationally standardized and globally valid identifier for financial market participants.

The purpose of the LEI is to clearly and unequivocally identify contracting parties like companies, banks and investment funds and is used to comply with a variety of financial reporting requirements.

All companies listed on the German stock exchanges are required to have an LEI number by 3 January, 2018.

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Mon, 20 Nov 2017 14:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/187534/92-resources-assigned-legal-entity-identifier-number-to-comply-with-eu-regulations-187534.html
<![CDATA[News - 92 Resources Corp encouraged by recent sampling at Corvette property ]]> https://www.proactiveinvestors.com.au/companies/news/185131/92-resources-corp-encouraged-by-recent-sampling-at-corvette-property-185131.html 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.

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Thu, 05 Oct 2017 09:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/185131/92-resources-corp-encouraged-by-recent-sampling-at-corvette-property-185131.html
<![CDATA[News - 92 Resources expands lithium portfolio with three new Quebec properties ]]> https://www.proactiveinvestors.com.au/companies/news/184392/92-resources-expands-lithium-portfolio-with-three-new-quebec-properties-184392.html Energy solutions group 92 Resources Corp (CVE:NYT) has enhanced its lithium portfolio, with three new properties in Quebec.

The firm has bought three prospective hardrock lithium properties in the James Bay region -  Corvette, Eastmain, and Lac du Beryl - comprising a total of 115 mineral claims over 14,710 acres.

Under the terms of the acquisition agreement, in order to acquire a 100% interest in the Corvette, Eastmain and Lac du Beryl properties, the company is required to make total cash payments of C$45,000 and issue a total of 1.5 million warrants, exercisable into common shares of the company, at a price of 15 cents per share for a period of five years. The vendor will retain a 2% net smelter returns royalty on the properties.

READ - 92 Resources continues to de-risk Hidden Lake lithium project with excellent extraction results

"As we continue to aggressively advance our flagship Hidden Lake Lithium Project in NWT, we feel it is critical to maintain a pipeline of additional high-quality, early-staged, lithium pegmatite projects, each with potential as stand-alone opportunities," said Adrian Lamoureux, the chief executive of 92 Resources.

"We are very excited by these new additions to the company's already high-quality portfolio of assets."

Eastmain consists of 21 claims and is highlighted by a large pegmatite outcrop around 7km east to southeast and interpreted to be along-strike from the James Bay (Cyr) deposit of Galaxy Resources Ltd.

The James Bay deposit contains indicated resources of 11.75 million tonnes (mt) grading at 1.30% Li2O (lithium oxide) and inferred resources of 10.47 mt grading at 1.20% Li2O.

Meanwhile, in 2006, Virginia Gold Mines discovered a spodumene-bearing outcrop within what is now the Corvette Property.

No sample was collected at the time, and no follow-up work completed on the lithium. During 92 Resources' 2017 site visit, an outcrop measuring around 150 m by 30 m was discovered, and found to contain abundant coarse-grained spodumene crystals up to 1 metre in length.

The Lac du Beryl site consists of 18 claims and lies less than 16km from an existing powerline associated with one of the hydroelectric power generation stations of the James Bay region.

The project is highlighted by several prominent pegmatite outcrops, many of which display characteristic pathfinder minerals commonly associated with spodumene pegmatites.

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Thu, 21 Sep 2017 10:56:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184392/92-resources-expands-lithium-portfolio-with-three-new-quebec-properties-184392.html
<![CDATA[News - 92 Resources continues to de-risk Hidden Lake lithium project with excellent extraction results ]]> https://www.proactiveinvestors.com.au/companies/news/184161/92-resources-continues-to-de-risk-hidden-lake-lithium-project-with-excellent-extraction-results-184161.html Energy solutions group 92 Resources Corp (CVE:NYT) saw shares race up over 9% on Monday as it unveiled highly positive results from testwork on the pegmatites at its Hidden Lake lithium project in Canada.

Scoping testwork saw overall extraction of 97% achieved, the firm said.

This indicates that the industry standard lithium extraction techniques applied to typical spodumene concentrates could be applied to those concentrates produced from pegmatites at Hidden Lake, the Toronto- listed group said.

"We continue to be encouraged by these excellent results from the preliminary metallurgical program being carried out at SGS," said chief executive Adrian Lamoureux.

"The project has now been significantly derisked through the high-quality, low-iron spodumene confirmed to be present at Hidden Lake, as well the high lithium extractions that may be expected using standard methods."

Hidden lake lies within the central parts of the Yellowknife lithium pegmatite belt, along Highway 4, around 40 km  east of Yellowknife.

Today's news follows the production of the high-grade spodumene-montebrasite concentrate (6.16% lithium dioxide) produced during preliminary metallurgical testwork earlier this year.

After that, several scoping lithium extraction tests were completed in a bid to determine if the industry standard lithium extraction techniques applied to a typical spodumene concentrate would be effective.

Namely, that method is roasting followed by acid baking and water leaching.

Shares gained 9.09% to C$0.12.

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Mon, 18 Sep 2017 11:24:00 +1000 https://www.proactiveinvestors.com.au/companies/news/184161/92-resources-continues-to-de-risk-hidden-lake-lithium-project-with-excellent-extraction-results-184161.html