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.
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