92 Resources Corp. Achieves 97% Li Extraction from Concentrate Produced from the Pegmatites at Hidden Lake

2017-09-18 / @fscwire

 

92 Resources Corp. Achieves 97% Li Extraction from Concentrate Produced from the Pegmatites at Hidden Lake



Vancouver, BC (FSCwire) - 92ResourcesCorp.(the"Company")(TSX.V:NTY)(FSE:R9G2)(OTCQB:RGDCF)ispleasedtoprovideanupdateonthepreliminarymetallurgicalprogramforitswhollyownedHiddenLakeLithiumProject(the"Project"or"Property"),NorthwestTerritories,Canada.ThePropertyissituatedwithinthecentralpartsoftheYellowknifeLithiumPegmatiteBelt,alongHighway4,approximately40kmeastofYellowknife.

Asfollow-uptothehigh-gradespodumene-montebrasiteconcentrate(6.16%Li2O)producedduringpreliminarymetallurgicaltestwork(seenewsreleasedatedJuly18,2017),severalscopinglithiumextractiontestswerecompleted.Theobjectivewastodetermineiftheindustrystandardlithiumextractiontechniquesappliedtoatypicalspodumeneconcentratewouldbeeffective,thatbeing;roastingfollowedbyacidbakingandwaterleaching.

Thisscopingtestworkwashighlysuccessfulwithanoverallextractionof97%achieved.ThisindicatesthattheindustrystandardlithiumextractiontechniquesappliedtotypicalspodumeneconcentrateswillbesimilarlyapplicabletothoseconcentratesproducedfromthepegmatitesatHiddenLake.

CompanyPresidentandCEOAdrianLamoureuxcomments,"WecontinuetobeencouragedbytheseexcellentresultsfromthepreliminarymetallurgicalprogrambeingcarriedoutatSGS.TheProjecthasnowbeensignificantlyde-riskedthroughthehigh-quality,low-ironspodumeneconfirmedtobepresentatHiddenLake,aswellthehighlithiumextractionsthatmaybeexpectedusingstandardmethods".

Additionalbeneficiationwork,includingmagneticseparation,heavyliquidseparation,aswellasfurtherflotation,willbecompletedonwholerockmaterialcollectedaspartofthesummerfieldprogramcurrentlyunderway.Theworkcompletedtodatehasutilizedanalyticalrejectmaterial,whichhasbeensufficientformineralogyaswellasscopingflotationandextractiontestwork;however,wholerockmaterialispreferredforthePhaseIIwork.

NI43-101Disclosure

DarrenL.Smith,M.Sc.,P.Geol.,ofDahrougeGeologicalConsultingLtd.,aQualifiedPersonasdefinedbyNationalInstrument43-101,supervisedthepreparationofthetechnicalinformationinthisnewsrelease.

About92ResourcesCorp.

92ResourcesCorpisamodernenergysolutioncompany,focusedonacquiringandadvancingstrategicandprospectivemodernenergyrelatedprojects.TheCompanycurrentlyholdsthreeprincipalassetsinCanada:theHiddenLakeLithiumProperty,NWT,thePontaxLithiumProperty,QC,andtheGoldenFracSandProperty,BC.

TheHiddenLakeLithiumPropertyisstrategicallylocatedwithintheheartoftheYellowknifePegmatiteDistrictwith2016explorationresultsreturning1.90%Li2Oover9mandgrabsamplesupto3.3%Li2O.ThePropertyiseasilyroadaccessibleanditsproximitytoinfrastructureprovidesfornumerousdevelopmentadvantages.

ThePontaxPropertyislocatedwithinQuebec'slithiumdistrict,andcoversseveralhistoricpegmatiteoccurrencesthatareadjacenttoknownspodumenebearingpegmatite(s).Theunderlyinggeologyincludesover20kmstrikelengthofthePontaxGreenstoneBelt,whichisalsoafavourablegeologicalenvironmentforgoldoccurrences.

TheGoldenFracSandPropertycoversmorethana4kmlengthoftheMountWilsonFormation,whichconsistsofhighpurity,white,quartziteandfriablesandstones.It'sstrategiclocationinwesternCanadaandproximitytoinfrastructure,providescompetitiveaccesstotheoilandgasmarketswherehigh-qualityfracsandisanessentiallyinput.TheadjacentMoberlySilicaSandMine,ownedandoperatedbyHeemskirkCanadaLtd.,producesanumberofhigh-purityproductsandasofFebruary2017,becamesubjecttoatakeoverbidbyNorthernSilicaCorporationvaluedat$42.3millionAUD.

Forfurtherinformation,pleasecontactAdrianLamoureux,President&CEOatTel:778-945-2950,E-mail:adrian@92resources.comorvisitwww.92resources.com.

OnBehalfoftheBoardofDirectors,

"ADRIANLAMOUREUX"

AdrianLamoureux,President&CEO

NeithertheTSXVentureExchangenoritsRegulationServicesProvider(asthattermisdefinedinthepoliciesoftheTSXVentureExchange)acceptsresponsibilityfortheadequacyoraccuracyofthisnewsrelease.

ForwardLookingStatements:

Statementsincludedinthisannouncement,includingstatementsconcerningourplans,intentionsandexpectations,whicharenothistoricalinnatureareintendedtobe,andareherebyidentifiedas,"forward-lookingstatements".Forward-lookingstatementsmaybeidentifiedbywordsincluding"anticipates","believes","intends","estimates","expects"andsimilarexpressions.TheCompanycautionsreadersthatforward-lookingstatements,includingwithoutlimitationthoserelatingtotheCompany'sfutureoperationsandbusinessprospects,aresubjecttocertainrisksanduncertaintiesthatcouldcauseactualresultstodiffermateriallyfromthoseindicatedintheforward-lookingstatements.



To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/92Resources09182017_0.pdf

Source: 92 Resources Corp. (TSX Venture:NTY, OTCQB:RGDCF)

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