Vancouver, July 7, 2016 – 92 Resources Corp. (the “Company”) (TSXV: NTY) (FSE: R9G2) is pleased to announce that it has added by staking, another two contiguous claims totalling 57 hectares to the Hidden Lake Lithium Property (the “Property”) near Yellowknife, Northwest Territories. The claims are located approximately 300 meters east and west of the Shorty dyke, and cover potential subsurface extensions of the pegmatites seen in satellite imagery to the north.
Hidden Lake Lithium Property
The Hidden Lake Lithium Property now consists of five mineral claims, totaling approximately 1,657 hectares covering a known spodumene-bearing pegmatite. During May 2016 the company conducted a site visit of the Property to confirm historic sample results for the known spodumene-bearing, lithium pegmatites. The historic LU dyke D12 was examined and five samples collected from an area measuring approximately 30 by 150 meters. The five samples returned values of 1.64%, 2.45%, 2.69%, 2.89% and 3.06% Li2O, with an average grade of 2.54% Li2O. (see news June 7, 2016)
The Phase I summer exploration program including detailed mapping and systematic channel sampling of known pegmatites, is to begin shortly. The program will target the Spodumene rich LU dyke D12, which was sampled earlier in the spring (see news June 7, 2016), as well as prospective pegmatite dykes previously identified from aerial photography. Dahrouge Geological Consulting Ltd. of Edmonton, Alberta has been contracted to conduct the ground mapping and channel sampling of the Property.
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: firstname.lastname@example.org or visit www.92resources.com.
On Behalf of the Board of Directors,
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.