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92 Resources set for helicopter survey at Pontax property

Prospectair Geosurveys will carry out the work via helicopter over all four claim blocks.
92 Resources set for helicopter survey at Pontax property
The survey will be done by helicopter and is expected to take four days

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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92 Resources Corp Timeline

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March 27 2018
The company completed a $10 million capital raising earlier this year.
October 06 2018
Northwest Nonferrous Australia Mining sold the project to De Grey in a transaction for which it will pay another $10.4 million in cash and $3 million in shares.
June 27 2018
In April this year, the group said it was fully funded for exploration at the project for the next 18 months

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