92 Resources Corp. Receives Positive Frac Sand Results From Zim Frac Property, Golden, BC
Vancouver, BC / TNW-ACCESSWIRE / November 17, 2014 / 92 Resources Corp. (NTY-TSX.V) (the "Company") is pleased to provide an exploration update on its 100% owned Zim Frac silica property in southeastern British Columbia, Canada.
While more testing still remains, the multi-step physical testing and analyses being carried out so far by Stim Lab Inc., of Oklahoma, for frac sand determination, have delivered some excellent results.
In the most recent crush testing two of the four samples submitted have performed extremely well. The 5,000 psi crush test had sample Z14-01 producing 4.9% fines and Z14-03 producing 4.07% fines. These are considered very good results.
At the 7,000 psi crush, test sample Zim-14-01 tested to be a 6K with 10.5% fines generated at 7K (7000 PSI). Most frac sands begin to fail between 7000 and 9000 PSI and these results so far suggest very good performance that compares favourably with other "frac sand quality" supplies. Stim Lab is continuing with further testing and results will be reported as they become available.
In earlier steps of testing the two samples performed better than acceptable for both, sphericity (better than 0.6) and size classification. While photos of these samples are now available on the Company's website, the table below highlights the classification results from Stim Labs composite sieve analysis.
"With our earlier tests having already confirmed the high purity nature of the silica at the Zim Frac property, we are very encouraged with these results to date. They compare favourably with what we already know about the frac sand product being produced at the adjoining Moberly Mine, owned and operated by Heemskirk Canada Inc., and provide us the comfort level we need in order to advance to the next phase of work in order to better understand the known extent of the occurrence. Also, sample Zim14-01 is the uppermost of the samples near the top of the flat lying formation and represents the largest accessible area of the formation", stated Adrian Lamoureux, President & CEO.
Table 1. ISO 13503-2:2006/ API RP19C: 2008, Section 6, "Sieve Analysis", values as percentages (%).
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|US Standard Sieve No.|Sample |Sample |
|-----------------------------------------|
|Size Fraction |ZIM-14-01|ZIM-14-03|
|-----------------------------------------|
|16/30 |0.4 |0.6 |
|-----------------------------------------|
|20/40 |6.2 |3.2 |
|-----------------------------------------|
|30/50 |29.8 |25.6 |
|-----------------------------------------|
|40/70 |45.7 |56.6 |
|-----------------------------------------|
|70/140 |40.4 |29.3 |
|-----------------------------------------|
|ISO Mean Dia. (mm) |0.241 |0.239 |
|-----------------------------------------|
|Median Dia. (mm) |0.214 |0.214 |
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NOTE: Totals for above results exceed 100% due to overlapping size fractions.
Pending further positive results from Stim-Lab's complete evaluation, the Company intends to continue advancing the property's potential with a next phase of exploration to include diamond drilling through the formation, to fully assess its continuity, homogeneity and suitability as a frac-sand and metallurgical silica source.
Leopold Lindinger, P. Geo, a qualified person in accordance with NI 43-101, has reviewed and accepted the technical information in this news release.
About Frac Sands
"Frac sand" is high-purity silica/quartz sand with very durable and very round grains. A crush-resistant material produced for the petroleum industry and used in the hydraulic fracturing process (known as "fracking"). In a fracture, the sand props open a wide, highly permeable slot allowing oil and gas to more easily flow to the wellbore. Frac sand demand has exploded over the past several years with the growth of the shale oil industry and associated completion techniques, particularly horizontal drilling.
About 92 Resources Corp.
92 Resources is an emerging junior exploration company focused on acquiring and advancing strategic & prospective assets to the benefit of its shareholders. It is currently advancing its 100% interest in the 807.8 hectare Zim Frac claim group, a high purity silica / quartz property located in close proximity to Golden, British Columbia. The Zim Frac claim group comprises a sizeable quartzite occurrence that lies adjacent to, and on trend with, Heemskirk Canada's producing Moberly silica mine, and is within five kilometers of a major rail line and the Trans-Canada Highway.
Additionally, the Company is also compiling data and evaluating its Mitchell Lake uranium property located in the uranium rich Athabasca Basin, Saskatchewan, covering an area of 2,354 hectares.
For further information, please contact Adrian Lamoureux, Pres. & CEO at Tel: 604-676-9650, adrian@92resources.com , or visit www.92resources.com .
On behalf of the Board of Directors,
"ADRIAN LAMOUREUX"
Adrian Lamoureux, President & CEO
Tel: 604-676-9650
This News Release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results that may prove to be inaccurate as a result of exploration and other risk factors beyond its control, and actual results may differ materially from the expected results.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
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