Major chart momentum in this hot energy play
Published: Wed, 09/20/17
 SMS alerts can make the difference between a profitable trade and a missed opportunity. Text “MOMO” to 555888 to receive our instant, reliable and free SMS alerts. Traders and Investors, We've got an exciting play lined up today. Get 92 Resources Corp (NTY: TSX) on your screen now. The chart is rock solid, the market cap & float is small, and Barchart.com rates it a strong buy. What better reasons to take notice of this trade opportunity right now. And 92 Resources Corp has seen a surge in volume in recent days after consolidating for months with ultra strong support. 92 Resources Corp (NTY: TSX) is a modern energy solution company, focused on acquiring and advancing strategic and prospective modern energy related projects. The Company currently holds three principal assets in Canada: the Hidden Lake Lithium Property, NWT, the Pontax Lithium Property, QC, and the Golden Frac Sand Property, BC. The Hidden Lake Lithium Property is strategically located within the heart of the Yellowknife Pegmatite District with 2016 exploration results returning 1.90% Li2O over 9 m and grab samples up to 3.3% Li2O. The Property is easily road accessible and its proximity to infrastructure provides for numerous development advantages. The Pontax Property is located within Quebec’s lithium district, and covers several historic pegmatite occurrences that are adjacent to known spodumene bearing pegmatite(s). The underlying geology includes over 20 km strike length of the Pontax Greenstone Belt, which is also a favourable geological environment for gold occurrences. The Golden Frac Sand Property covers more than a 4 km length of the Mount Wilson Formation, which consists of high purity, white, quartzite and friable sandstones. It’s strategic location in western Canada and proximity to infrastructure, provides competitive access to the oil and gas markets where high-quality frac sand is an essentially input. The adjacent Moberly Silica Sand Mine, owned and operated by Heemskirk Canada Ltd., produces a number of high-purity products and as of February 2017, became subject to a takeover bid by Northern Silica Corporation valued at $42.3 million AUD. The Hidden Lake Lithium Property consists of two mineral claims, totalling approximately 1,100 hectares. It is located just north of Highway 4, approximately 40 km northeast of the city of Yellowknife, NT. The property is highly prospective for spodumene-bearing lithium pegmatites. The lithium potential of pegmatites within the Yellowknife area was first recognized in the mid-1950’s, when a number of the region’s pegmatites were sampled and found to contain highly anomalous concentrations of lithium. Prior to 1955, small shipments of lithium ore were reported for two deposits within the region (Mulligan, 1965; p.6). It was also at this time that several pegmatites were identified at the Hidden Lake Property. The Pontax River Lithium Property consists of 104 mineral claims covering four blocks, totalling approximately 5,536 hectares (13,681 acres) near Eastmain, Quebec. The Pontax River Lithium Property encompasses the southwestern portions of an approximately 100 km long belt of meta- volcanics, which may be considered part of the Eastmain River Volcanic Belt. The Eastmain belt is host to numerous gold occurrences, while the region is centrally located to a number of high profile lithium deposits (Galaxy Resources James Bay Deposit, Nemaska’s Whabouchi Deposit, and Critical Element’s Rose Deposit). The Golden Frac Sand Property is located approximately 5 km from Golden, BC, Canada. With March 13, 2017’s increased land position 92 Resources’ total land holdings is 3,212 hectares. The Property hosts excellent infrastructure with ranch and logging roads present throughout the area, and railhead access in Golden. The Property covers more than 18 km strike length of the Mount Wilson Formation where high-grade silica has been confirmed from samples collected in 2014. The four samples collected average 98.6% SiO2 to peak of 99% SiO2, with low boron (~10 ppm), and low iron (0.28%). Preliminary testing on these samples indicates favourable frac sand characteristics, as well as metallurgical grade silica potential. The Property is immediately adjacent to the producing Mount Moberly Silica Mine, operated by Heemskirk Canada Ltd, which is currently undergoing a redevelopment towards frac sand production, with commercial operation targeted for the second half of 2017. Recently, in February 2017, Heemskirk was subject to a takeover bid by Northern Silica Corporation. The total transaction is valued at greater than $42.3 million ASD. Just a couple days ago the Company released news that they have achieved significant extraction results from one of their properties... ACHIEVES 97% LI EXTRACTION FROM CONCENTRATE PRODUCED FROM THE PEGMATITES AT HIDDEN LAKE Vancouver, September 18, 2017 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) is pleased to provide an update on the preliminary metallurgical program for its wholly owned Hidden Lake Lithium Project (the “Project” or “Property”), Northwest Territories, Canada. The Property is situated within the central parts of the Yellowknife Lithium Pegmatite Belt, along Highway 4, approximately 40 km east of Yellowknife. As follow-up to the high-grade spodumene-montebrasite concentrate (6.16% Li2O) produced during preliminary metallurgical testwork (see news release dated July 18, 2017), several scoping lithium extraction tests were completed. The objective was to determine if the industry standard lithium extraction techniques applied to a typical spodumene concentrate would be effective, that being; roasting followed by acid baking and water leaching. This scoping testwork was highly successful with an overall extraction of 97% achieved. This indicates that the industry standard lithium extraction techniques applied to typical spodumene concentrates will be similarly applicable to those concentrates produced from the pegmatites at Hidden Lake. Company President and CEO Adrian Lamoureux comments, “We continue to be encouraged by these excellent results from the preliminary metallurgical program being carried out at SGS. The Project has now been significantly de-risked 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”. Additional beneficiation work, including magnetic separation, heavy liquid separation, as well as further flotation, will be completed on whole rock material collected as part of the summer field program currently underway. The work completed to date has utilized analytical reject material, which has been sufficient for mineralogy as well as scoping flotation and extraction testwork; however, whole rock material is preferred for the Phase II work. NI 43-101 Disclosure Darren L. Smith, M.Sc., P. Geol., of Dahrouge Geological Consulting Ltd., a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release. To your success, --------------------------------------------------------------------------------------------------------
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