92 Resources Corp.

TSX VENTURE : NTY


92 Resources Corp.

August 26, 2014 09:00 ET

92 Resources Corp. Completes First Phase Field Work at Zim Frac Property

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Aug. 26, 2014) - 92 Resources Corp. (TSX VENTURE:NTY) (the "Company") is pleased to announce that further to its news release dated August 20, 2014, it has completed a first phase work program on its 100% owned Zim Frac high purity/silica quartz property near the town of Golden in south-eastern British Columbia. The program is designed to obtain and test samples collected from a representative area of the silica occurrence in order to further assess its characteristics and properties for frac sand, as well as for high purity polysilicon-grade silica. Increasingly scarce, frac sand is in very high demand as an oil and gas reservoir enhancement material and high-grade silica is used for high value metallurgical applications.

Four 10 kilogram, and four 1 kilogram high-grade silica quartzite rock samples were taken from 4 sites, equally spaced over a 180 metre vertical distance from a central area of the north trending 1500 metre long by up to 400 metre wide, steeply east facing, stratigraphically nearly flat lying exposure of the Mt. Wilson formation occurring on the Zim Frac Property. The exposure continues under overburden in all directions and at depth. To the west it is overlain by a thin cover of mudstone. The samples were taken in close proximity to or at the same 2010 sample sites, all of which returned estimated grades exceeding 99% silicon dioxide.

The 10 kilogram samples have been sent to Stim-Lab Inc. in Oklahoma, USA, a recognized laboratory for determining the suitability of high grade silica sandstone and quartzite for frac sand. Stim-Lab will complete a staged series of tests to determine the suitability of the submitted material as a possible source of frac sand.

The 1 kilogram samples have been submitted to ALS-Metallurgical Laboratories in Kamloops, B.C., Canada to determine the actual silica grade of the samples plus detailed analyses of the part per million levels of 63 other elements to determine all or parts of the exposures suitability as a source of metallurgical grade silicon dioxide.

Leopold J. Lindinger, P.Geo., the Company's independent qualified person, completed the program.

Pending the return of positive results from the two laboratories of each sample, the Company will continue advancing the property based on the results received. It's expected that the next phase of exploration will include diamond drilling thru the formation, to fully test its continuity, homogeneity and suitability as a frac-sand and metallurgical silica source.

Background

The Company acquired a 100-per-cent interest in the 807.77 hectare Zim Frac silica property in early 2014. The property protects sizeable occurrences of the fine-grained, higher-purity white quartzite Mt. Wilson quartzite formation (MWQF).

The MWQF is recognized for hosting economic deposits of friable and lump quartzites grading greater than 99.5 per-cent silicon dioxide from two fully permitted and operating silica mines. During 1980 geologists from the Geological Survey of Canada mapped the Golden area with focus on the Mt. Wilson formation including the area covered by the Zim Frac claims (GSC map 1497A). In 2010, 14 samples collected from the area including 10 from the current property during a reconnaissance exploration program completed by previous operators returned whole rock estimated silica grades ranging from 98.835 per cent to 99.4 per cent, with 12 of the samples grading over 99 per cent. Locally, the MWQF exceeds 200 metres thick (Lindinger, 2010). The claims lie within three to five kilometres northeast of Golden, B.C., a regional transportation centre that is on the Trans-Canada Highway and includes major rail yard facilities.

The adjacent to the northeast the Moberly silica mine, owned and operated by Heemskirk, Canada is presently engineering a new silica frac sand plant to supplement its current production. 12 kilometers to the south, the Hunt Silica mine previously shipped polysilicon-grade silica to a silicon refinery in Washington State.

Silicon dioxide (SiO2), also known as silica, has many applications, depending on purity. High-grade silicon metal and polysilicon are used in many high-technology applications, including microelectronics, computer chips and solar panels.

Leopold Lindinger, P.Geo., a qualified person in accordance with NI 43-101, has reviewed and accepted the technical information in this news release.

On behalf of the Board of Directors,

Adrian Lamoureux, President & CEO

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