92 Resources Corp. To Initiate Summer Work Program at Hidden Lake Lithium Property, NWT; Raises $862,820
(firmenpresse) -
92 Resources Corp. To Initiate Summer Work Program at Hidden Lake Lithium Property, NWT; Raises $862,820
Vancouver, June 20, 2016 - 92 Resources Corp. (the Company) (TSXV: NTY) (FSE: R9G2) is pleased to announce that an exploration program including detailed mapping and systematic channel sampling of known pegmatites, will begin shortly at the companys wholly owned Hidden Lake Lithium Property. The Property is located just north of NWT Highway 4, approximately 40 kilometers northeast of the city of Yellowknife, NWT.
The Phase I program will target the Spodumene rich LU dyke D12, which was sampled earlier in the summer (see news June 7, 2016), as well as prospective pegmatite dykes previously identified from aerial photography. The company has contracted Dahrouge Geological Consulting Ltd. of Edmonton, Alberta to conduct the ground mapping and channel sampling of the Property.
Adrian Lamoureux, President and CEO of 92 Resources commented: We are pleased to initiate a follow up program to our recent reconnaissance site visit, when five samples were collected, yielding values ranging from 1.64% to 3.06 % Li2O, with an average grade of 2.54% Li2O. This certainly indicates the exceptional potential Hidden Lake has to host a number of highly prospective spodumene bearing pegmatites.
Other - $862,820 raised from warrants exercise
The Company is pleased to announce that to date, it has received proceeds of $862,820 from the exercise of 10,252,700 warrants. The Company would like to take this opportunity to thank our shareholders and investors for this strong show of support.
NI 43-101 Disclosure
William Miller, P. Geo., 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: adrian(at)92resources.com or visit www.92resources.com.
On Behalf of the Board of Directors,
ADRIAN LAMOUREUX
Adrian Lamoureux, President & CEO
92 Resources Corp.-
Suite 1400 - 1111 W. Georgia St.
Vancouver, BC, V6E 4M3
Tel.: (778) 945 2950 Fax: (604) 689 8199
www.92resources.com
Börsenkürzel: TSX-V: NTY
Frankfurt: R9G2 (WKN: A11575)
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, forwardlooking statements. Forwardlooking statements may be identified by words including anticipates, believes, intends, estimates, expects and similar expressions. The Company cautions readers that forwardlooking statements, including without limitation those relating to the Companys 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 forwardlooking statements.
Leseranfragen:
An emerging junior explorer focused on acquiring and advancing underexplored and overlooked energy assets on a global scale. Currently advancing it’s 100% interest in the Zim Frac claim group, a high purity silica / quartz property in southeastern British Columbia.
" alt="Laguna Blends selected for Inclusion in The Canadian Securities Exchange Quarterly Magazine Datum: 20.06.2016 - 09:56 Uhr
Sprache: Deutsch
News-ID 478628
Anzahl Zeichen: 3459
contact information:
Town:
Wien
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 372 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"92 Resources Corp. To Initiate Summer Work Program at Hidden Lake Lithium Property, NWT; Raises $862,820
"
steht unter der journalistisch-redaktionellen Verantwortung von
92 Resources Corp. (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
