Big picture - Why invest in 92 Resources Corp
92 Resources Corp Snapshot
The Corvette Property was acquired as part of a three-property land package agreement recently completed by the Company (see news releases dated September 21st, 2017). The Property consists of 76 claims for total of 3,891 hectares and was acquired for its lithium potential, and as a complementary asset to the Company’s flagship Hidden Lake Project in the Northwest Territories.
THE HIDDEN LAKE PROJECT
At Hidden Lake, the LU#12 pegmatite was mapped and sampled over an approximate exposure that measures 10 by 300 meters. Seven samples were collected from surface trenches, and contained between 1.37 and 3.01% Li2O. The very high grades of lithium were attributed to observed concentrations of coarse-grained spodumene. Crystals up to 36 inches long were noted, with visual estimates across the dyke(s) in some places of 20 to 35%.
THE GOLDEN FRAC SAND PROJECT
is located approximately 5 km from Golden, BC, Canada. With March 13, 2017’s increased land position 92 Resources’ total land holdings is 3,212 hectares. The Property hosts excellent infrastructure with ranch and logging roads present throughout the area, and railhead access in Golden. The Property covers more than 18 km strike length of the Mount Wilson Formation where high-grade silica has been confirmed from samples collected in 2014. The four samples collected average 98.6% SiO2 to peak of 99% SiO2, with low boron (~10 ppm), and low iron (0.28%). Preliminary testing on these samples indicates favourable frac sand characteristics, as well as metallurgical grade silica potential. The Property is immediately adjacent to the producing Mount Moberly Silica Mine, operated by Heemskirk Canada Ltd, which is currently undergoing a redevelopment towards frac sand production, with commercial operation targeted for the second half of 2017. Recently, in February 2017, Heemskirk was subject to a takeover bid by Northern Silica Corporation. The total transaction is valued at greater than $42.3 million ASD.
THE EASTMAIN PROJECT
The Eastmain Project consists of 21 claims, totalling 1,109 hectares, and is located less than 7 kilometres from the James Bay all-weather gravel highway. The project is highlighted by a large pegmatite outcrop located approximately 7 kilometres east to southeast and interpreted to be along-strike from the James Bay (Cyr) Deposit of Galaxy Resources Ltd.
LAC DU BERYL PROJECT
The Lac du Beryl Project consists of 18 claims, totalling 953 hectares, and is located less than 16 kilometres from an existing powerline associated with one of the hydroelectric power generation stations of the James Bay Region. The project is highlighted by several prominent pegmatite outcrops, many of which display characteristic pathfinder minerals commonly associated with spodumene pegmatites.
PONTAX RIVER PROJECT
The Property consists of 104 mineral claims covering four blocks, totalling approximately 5,536 hectares (13,681 acres) near Eastmain, Quebec. The Pontax River Lithium Property encompasses the southwestern portions of an approximately 100 km long belt of meta- volcanics, which may be considered part of the Eastmain River Volcanic Belt. The Eastmain belt is host to numerous gold occurrences, while the region is centrally located to a number of high profile lithium deposits (Galaxy Resources James Bay Deposit, Nemaska’s Whabouchi Deposit, and Critical Element’s Rose Deposit).
President, CEO and Director
Mr. Lamoureux has worked in the venture capital markets for the past 8 years, specializing in the design and implementation of market strategies and corporate development. Mr. Lamoureux has particular expertise in the mineral exploration and development sector. During his time working in the venture capital markets, Mr. Lamoureux has financed a number of successful private and public companies.
DUSAN BERKA, P. ENG.
Chief Financial Officer and Director
Mr. Berka is a graduate engineer with a M.Sc. (Dipl.Ing.) degree from the Slovak Technical University, Bratislava, Slovakia (1968) and a member of the Association of Professional Engineers and Geoscientists of B.C. since 1977. He has over 40 years international experience in Engineering, Marketing & Sales and Business Administration. He also has extensive experience in the management, marketing, promotion and administration of public companies as well as in the Corporate Communications, shareholders information, public relation and contract negotiations. During the past 34 years Mr. Berka has served as a Director and Officer of various public companies traded on the TSX and TSX Venture Exchanges and the NASDAQ System in USA.
PAUL CHUNG BSC, MBA, GEO.
Mr. Chung holds a Bachelor of Science Degree in Geology from the University of British Columbia and received a Masters of Business Administration in IT from Athabasca University.
Mr. Chung is experienced in project management and possesses extensive skills in bringing companies to the public markets and negotiating international transactions. As a director for numerous companies, Mr. Chung conducted operations throughout North and South America as well as China and is experienced in coordinating asset acquisition, financings, and marketing for multi-location international businesses.
As a geologist, Mr. Chung helped research and identified a suite of lithium projects including the Mariana brine in Argentina, the Avalonia project in Ireland and the Mavis Lake lithium/rare metals project in Ontario. These projects are now the core projects for International Lithium Corp and their strategic partner Jiangxi Ganfeng Lithium Co Ltd. of China.
Mr. Findlay has over 23 years of experience in the mining and resource sectors, having served in various senior sales and management roles with Atlas Copco, a global leader in the manufacture of mining, drilling, construction and industrial equipment, from 1988 through 2004. Mr. Findlay has since worked with various mineral exploration and oil and gas issuers, including Simba Energy Inc., Lateegra Gold Corp., First Mexican Gold Corp. and West Hawk Development Corp. He is an honours graduate from Haileybury School of Mines (1987).
Board of Advisors
Mr. Ramsay has extensive elected public experience in the Northwest Territories, including prominent cabinet positions in the Legislative Assembly of the NWT. Prior to November 2015, he was Minister of Industry, Tourism and Investment (which included the mining portfolio), Minister of Justice and Attorney General, and Minister Responsible for the NWT Business Development Corp., amongst many other positions and attributions.
Mr. Ramsay is a Director of Fortune Minerals Ltd. (TSX: FT OTCQX: FTMDF) and Denendeh Investment Inc., CEO of Arctic Mineral Resources, Advisory Board member of Arctis 360 and a Director of Northern Gateway Consulting.
Kelly Pladson has provided corporate governance and regulatory compliance services to many TSX Venture and CSE listed companies since 2009. She works closely with the company’s CEO and legal counsel in maintaining corporate records, managing the day to day operations of the company and ensuring the company’s filings with the securities commissions and exchanges are accurately filed and in accordance with their deadlines. Prior to 2009, Ms. Pladson was an investment advisor’s assistant for two years.
DARREN L. SMITH, M.Sc., P.Geol.
Darren is focused on high-level project management including program design, implementation, technical reporting (memo, assessment, NI 43-101), land management, and corporate disclosure. Darren has provided technical oversight for PEA, PFS, and FS level project advancement and has setup and monitored complex metallurgical programs. His experience includes carbonatite complexes and associated rare metals (tantalum, niobium, scandium), rare earth elements (REEs), lithium, graphite, phosphate, fluorspar, uranium, cobalt, as well as base and precious metals. In late 2009, Darren and his team discovered one of the world’s largest REE deposits (Ashram) and he has been instrumental in its advancement since this time, with a PEA completed (2012) and work ongoing in support of a PFS. During this time, Darren has also developed an in-depth knowledge of the REE market and its end-users.