Announces Airborne MAG-‐EM Survey at Pontax, and Drill Permitting at Corvette Properties in Quebec
Suite 1400 – 1111 W. Georgia St.
Vancouver, BC, V6E 4M3
Tel: (778) 945 2950
www.92resources.com
Trading Symbol: TSX.V: NTY
OTCQB: RGDCF
Frankfurt: R9G2 (WKN: A11575)
92 RESOURCES CORP.
Announces Airborne MAG-‐EM Survey at Pontax, and Drill Permitting at Corvette Properties in
Quebec
Vancouver, January 29, 2018 – 92 Resources Corp. (the “Company”) (TSX.V: NTY) (OTCQB:
RGDCF) (FSE: R9G2) is pleased to provide an update on the 2018 exploration plans for its 100%
owned Corvette and Pontax lithium pegmatite projects, located in the James Bay Region of
Quebec.
Corvette Property
The Company has initiated the permitting and notification process for an approximate 1,000 m
winter drill program at its Corvette Property, within the Guyer Greenstone Belt, in the James
Bay Region of Quebec. The fall 2017 exploration at Corvette returned high-‐grade spodumene
mineralization from surface grab samples, at the CV1 Pegmatite, of up to 3.48 and 7.32% Li2O
(see news release dated October 5, 2017).
The CV1 pegmatite at surface appears to measure up to approximately 30 m across and 150 m
in length. A second subparallel pegmatite, CV2, was also discovered during the program and
returned 1.22% Li2O and 90 ppm Ta2O5 from a surface grab sample, further highlighting the
prospective nature of the Property.
A four to six-‐hole winter drill program for ~1,000 m is planned, which will focus on the initial
delineation of the strike length and depth extent of both the CV1 and CV2 pegmatites. In
addition, the Company plans to complete a regional summer prospecting program to follow-‐up
on potential pegmatites identified from satellite imagery and other targeting tools.
The Corvette Property is also considered prospective for gold, with numerous high-‐grade
occurrences located on adjacent properties along the same geological trend. Although, not the
focus of exploration, the potential for gold occurrences on the Corvette Property will also be
assessed during the regional prospecting.
2
Pontax Property
The Company is in the process of organizing an airborne magnetic and electromagnetic (MAG-‐
EM) survey for its Pontax Property, which covers the southwestern portions of an
approximately 100 km long belt of meta-‐volcanics, considered part of the Eastmain River
Volcanic Belt.
The airborne survey will help define structural corridors which may further define prospective
pegmatite trends, as well as developed gold targets. The region is host to numerous gold
occurrences; however, only limited exploration has been completed on the Company’s
property. The airborne survey is anticipated to be completed in the first quarter of 2018, ahead
of a planned summer ground program.
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 four
principal assets in Canada: the Corvette and Pontax lithium properties in Quebec, the Golden
Frac Sand Property, BC, and the Hidden Lake Lithium Property, NWT, currently under option to
Far Resources Ltd.
The Corvette Property consists of 76 claims, totaling 3,891 hectares, and is located less than 12
kilometres south of the Trans-‐Taiga all-‐weather gravel road, situated within the Guyer
Greenstone Belt. The Property has been the subject of only limited historic exploration focused
on the gold potential; however, the recent discovery of high -‐grade spodumene-‐bearing
pegmatite (3.48% and 7.32% Li2O) of appreciable size on the Property demonstrates a strong
potential for lithium.
The Pontax Property consists of 104 claims, totalling 5,536 ha, spread over 4 claim blocks
located in close proximity. The Property lies between 5 and 30 kilometres southwest of, and on
trend, from Stria Lithium’s Pontax Lithium Project where drill intersections of 0.97% Li2O over
21 m (DDH 09-‐555-‐05), including 1.43% Li2O over 13 m, have been returned from a
spodumene-‐bearing pegmatite swarm.
The Hidden Lake Lithium Property is strategically located within the heart of the Yellowknife
Pegmatite District with recent channel sampling by the Company returning 1.90% Li2O over 9
m, and grab samples up to 3.3% Li2O. The Property is easily road accessible providing numerous
development advantages.
The Golden Frac Sand Property is located near the community of Golden, BC, and covers more
than an 18 km strike length of the Mount Wilson Formation, which consists of high-‐purity,
white, quartzite, and friable sandstones. To date, only limited exploration and test work has
been completed on the Property by the Company; however, it has returned high-‐silica (98.3-‐
3
99% SiO2) with low boron (~10 ppm) and iron (0.28%). The Property is immediately adjacent to
the producing Mount Moberly Silica Mine, operated by Heemskirk Canada Ltd,
Management cautions that past results or discoveries on adjacent properties may not
necessarily be indicative to the presence of mineralization on the Company’s properties.
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.
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.