92 RESOURCES CORP. Updates Metallurgical Program for the Hidden Lake Lithium Project
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Trading Symbol: TSX.V: NTY
Frankfurt: R9G2 (WKN: A11575)
92 RESOURCES CORP.
Updates Metallurgical Program for the Hidden Lake Lithium Project
Vancouver, June 1, 2017 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (FSE: R9G2) is pleased to
provide an update on the Phase I preliminary metallurgical program for its wholly owned Hidden Lake
Lithium Project (the “Project” or “Property”), Northwest Territories. The Property is situated within the
central parts of the Yellowknife Lithium Pegmatite Belt, along Highway 4, approximately 40 km east of
Yellowknife.
The metallurgical program is the first applied to the pegmatites forming the Hidden Lake Project, and is
comprised of two phases; mineralogy, and mineral processing. The Company is pleased to report that
the Phase I mineralogy program is now well-advanced, with QEMSCAN and Electron Probe Micro
Analysis (EPMA) work completed on the four composite samples representing the HL1, HL3, HL4, and
D12 pegmatites.
Highlights include:
• Bulk mineralogy and liberation are very similar across all four pegmatite composites (HL1, HL3, HL4,
and D12)
• Spodumene is confirmed as the primary host of lithium
• Spodumene is coarse grained, with very good liberation characteristics
• Iron content of the spodumene is low, averaging 0.22% FeO
• Columbite group minerals are the primary host to the Ta, and may potentially be recoverable
• All work to date indicates that conventional flowsheet approaches for processing of spodumene
bearing pegmatites are applicable
The QEMSCAN and EPMA results are highly encouraging, with the liberation characteristics and bulk
mineralogy of all four pegmatite composites (HL1, HL3, HL4, and D12) confirmed to be very similar:
spodumene, feldspar and quartz, with minor muscovite and apatite. These findings indicate that all
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four pegmatites at Hidden Lake will have similar processing characteristics, and therefore, may be
combined into one master composite for future development work.
Further, the mineral spodumene is confirmed to be primary source of lithium present. Although, the
presence of lithium within the micas remains to be quantified by laser ablation, all indications are that
it is insignificant. The iron content of the spodumene is particularly low, averaging 0.22% FeO,
indicating that this specification will not be of concern for end-use.
Spodumene liberation is very good (~90% at a P80 of -425 µm). This indicates a strong potential for
recovery using dense media separation (DMS) and flotation techniques, which are common processing
methods applied to spodumene bearing pegmatites.
The tantalum is present as oxides, dominantly as columbite type minerals, and may potentially be
recoverable. Phase II testwork will further evaluate the potential recovery of the oxides.
Collectively, the Phase I data indicate that the pegmatites present on the Hidden Lake Property are
typical of spodumene bearing pegmatites occurrences in general, and that common and conventional
process flowsheets applied to such mineralization types will be applicable.
Analytical reject material is being used for the mineralogy program and is sufficient for the Phase II
scoping flotation testwork that will begin shortly. The flotation testwork will focus on identifying the
reagent scheme, as well as testing the ability to produce a spodumene concentrate without the need
for additional processing. However, whole rock will be required for the Phase II heavy liquid separation
(HLS) testwork. This material is targeted to be collected from the Property in the coming weeks.
NI 43-101 Disclosure
William Miller P.Geo. and Darren L. Smith, M.Sc., P.Geol. of Dahrouge Geological Consulting Ltd.,
Qualified Persons as defined by National Instrument 43-101, supervised the preparation of the
technical information in this news release.
About 92 Resources Corp.
92 Resources Corp 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
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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 Mt. Wilson Formation, which
consists of high purity, white, quartz 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.
For further information, please contact Adrian Lamoureux, President & CEO at Tel: 778 -945-2950, E-mail:
[email protected] or visit www.92resources.com.
On Behalf of the Board of Directors,
“ADRIAN LAMOUREUX”
Adrian Lamoureux, President & CEO
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.
Forward Looking Statements:
Statements included in this announcement, including statements concerning our plans, intentions and expectations, which
are not historical in nature are intended to be, and are hereby identified as, “forward-looking statements”. Forward-looking
statements may be identified by words including “anticipates”, “believes”, “intends”, “estimates”, “expects” and similar
expressions. The Company cautions readers that forward-looking statements, including without limitation those relating to
the Company’s future operations and business prospects, are subject to certain risks and uncertainties that could cause
actual results to differ materially from those indicated in the forward-looking statements.