92 Resources has returned to Hidden Lake: New exploration phase for high-grade lithium hardrock until September
ZURICH, SWITZERLAND / ACCESSWIRE / August 16, 2016 / Today, Stephan Bogner from Rockstone Research published an update on 92 Resources Corp. (TSX-V: NTY). After a healthy correction in the senior and junior lithium space over the last few months, the market appears to be gaining traction again. Today, 92 Resources Corp. announced the start of the second exploration phase on its fully owned Hidden Lake Lihtium Property, located adjacent to Highway #4 and northeast of Yellowknife in Northwest Territories (“NWT”).
On the day announcing initial high-grade lithium assays from phase 1, the stock increased strongly from $0.10 to $0.27 CAD (+170%) under heavy volume (+25 million shares traded on June 7): The 5 samples returned high values of 1.64%, 2.45%, 2.69%, 2.89% and 3.06% Li2O
(average: 2.54% Li2O). The large Whabouchi Deposit in Québec from Nemaska Lithium Inc. averages 1.5% Li2O (similar first grab samples averaged 2.88% Li2O), to produce lithium carbonate at projected costs of $3,771 USD/t.
In late July, 92 Resources acquired a second lithium project, the Pontax Property in Québec, located 30 km south of the James Bay Deposit from Galaxy Resources Ltd., reported to contain indicated resources of almost 12 million tonnes averaging 1.3% Li2O at a 0.75% Li2O cut-off.
The full research report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/92Resources6en.pdf
English (web version):
German (PDF):
http://rockstone-research.com/images/PDF/92Resources6de.pdf
For Android smartphones, an APP is available from Rockstone Research in the GooglePlayStore.
Disclaimer: Please read the full disclaimer within the full research
report as a PDF as fundamental risks and conflicts of interest exist.
SOURCE: Rockstone Research
ReleaseID: 443839
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