Select Sands Corp.
TSX VENTURE : SNS

December 04, 2014 10:00 ET

Select Sands Announces Start of Test Drilling at Arkansas, U.S., Frac Sand Property and Announces Zig Vitols Joining the Company's Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 4, 2014) - Select Sands Corp. ("Select Sands" or the "Company") (TSX VENTURE:SNS) is pleased to announce the commencement of a drill program on its Sandtown property in Northeast Arkansas, USA. The property is underlain by the Ordovician St. Peter sandstone formation, which is the source of 'Northern White' frac sand selling into the major US oil and gas plays. There are several surface outcrop exposures of the St. Peter sandstone unit on the Property. The property sits 3.1 miles from a highway, has an active power line, and a rail system runs about 14.7 miles away.

The phase one / reconnaissance drill program will test the depth / thickness of the sandstone and will determine the grade i.e. mesh sizes of the frac sand. The company will test the properties of frac sand as per the ISO 13503-2:2006/API RP 19C Recommended Practice for Measurement of Properties of Proppants Used in Hydraulic Fracturing and Gravel-packing Operations. These properties include sand sphericity and roundness, crush (K Value), acid solubility, turbidity and SiO2% content.

The company is also pleased to announce that Mr. Zigurds R. "Zig" Vitols has joined the company' Board of Directors. Mr. Vitols has served as the President, Mid-South Division, of Martin Marietta Material, Inc. Martin Marietta, an American-based company and a member of the S&P 500 Index, is a leading supplier of aggregates and heavy building materials, with operations spanning 32 states, Canada and the Caribbean. Mr. Vitols worked as the Northeast Regional Manager for W. R. GRACE & Co, a publicly traded company which produces specialty chemicals and materials and operates in over 40 countries. Mr. Vitols has a Masters of International Business (MBA) from Heriot Watt University, Edinburgh, Scotland & studied Civil Engineering Technology at Mohawk College, Hamilton, Canada.

"Zig will assist in planning the Company's rail distribution network as per his previous experience with Union Pacific, Burlington Northern Santa Fe, and Kansas City Southern Railroads," Select Sands President and CEO Rasool Mohammad commented. "Besides logistics & distribution, Zig's other areas of expertise, such as Joint Ventures, Business Development, Operational Cost Optimization, Competitive Market Positioning and International Responsibilities, will help advance the Company's frac sand project in Arkansas."

Mr. Vitols will be replacing Leonard Jaroszuk, who has resigned from the company's board. The Company thanks Mr. Jaroszuk for his work as a director at Select Sands.

The Company is pleased to announce that it will also be issuing up to 1 million options at $0.15 to certain officers and directors.

Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech EBA, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical information disclosed in this News Release and has approved its dissemination.

About Select Sands Corp.

Select Sands is a Vancouver-based resource growth and development company. The company recently has entered into a binding letter of agreement for an option to acquire a 100% undivided right, title and interest in an approximately 520-acre prospective Tier 1 frac sand property located in northeast Arkansas, USA. The property is next to a major highway; power line is on the property and a rail-line is nearby. Select Sands has a 22% equity stake in CanFrac Sands Ltd. CanFrac Sands is a private company producing frac sand in the Western Canada Sedimentary Basin. The Company also owns high-grade gold deposits in the La Ronge Gold Belt, northern Saskatchewan, and holds other gold projects located in Ontario and Saskatchewan.

For more information about Select Sands Corp., please go to www.selectsandscorp.com.

Neither 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 Release.

FORWARD-LOOKING INFORMATION

This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.

Contact Information

  • Select Sands Corp.
    Rasool Mohammad, B.Sc. (Mining)
    President & CEO
    604 639-4533
    604 685-3765 (FAX)
    www.selectsandscorp.com