2016-06-07 06:33 ET - News Release Mr. Adrian Lamoureux reports 92 RESOURCES CORP. SAMPLES UP TO 3.06% LI2O AT HIDDEN LAKE, NWT 92 Resources Corp. has completed a reconnaissance visit of its wholly owned Hidden Lake lithium property. The property is located just north of NWT Highway 4, approximately 40 kilometres northeast of the city of Yellowknife, NWT. During May, 2016, the company retained Dahrouge Geological Consulting Ltd. of Edmonton, Alta., to conduct a site visit of the property and to confirm historic sample results for the known spodumene-bearing, lithium pegmatites. The historic LU dike D12 was examined and five samples were collected from an area measuring approximately 30 by 150 metres. The five samples returned values of 1.64 per cent, 2.45 per cent, 2.69 per cent, 2.89 per cent and 3.06 per cent dilithium oxide, with an average grade of 2.54 per cent Li2O. The dominant lithium-bearing mineral appears to be very coarse grained, light grey to light-greenish grey spodumene. The pegmatite continues both to the northeast and southwest of the sampled area. Samples were submitted to Activation Laboratories in Kamloops, where they were analyzed by sodium peroxide fusion ICP-OES (lithium ore analysis). The property is located within the central parts of the Yellowknife pegmatite belt, which extends from the Blaisdell Lake pegmatite series in the north about 45 km to the south near Harding Lake. The belt parallels the Prosperous Lake granite suite; pegmatites, related to this intrusive complex, are usually discordant and predominantly north-south to northeast-southwest elongate bodies. Within these zoned pegmatite fields, lithium-rich pegmatites tend to occur a similar distance from the source granite and are typically located farthest from the source granitoids. The largest pegmatite deposits often have structural controls that increase their tonnage or grade potential. Interpretation of air photos postdating recent forest fires has identified a number of ground targets for future exploration. Based on the recent site visit, the company is planning a field program that is anticipated to begin in mid-July, and will consist of mapping, identifying and exposing spodumene-bearing pegmatite dikes, and systematic channel sampling of those outcrops. According to Adrian Lamoureux, president and chief executive officer of 92 Resources: "We are extremely pleased that our initial site visit confirmed the exceptional potential Hidden Lake has to host a number of highly prospective spodumene-bearing pegmatites. The Yellowknife pegmatite belt may one day prove to be an important source of lithium, which will help fuel Canada's transition to a green energy economy." National Instrument 43-101 disclosure William Miller, PGeo, of Dahrouge Geological Consulting, a qualified person as defined by National Instrument 43-101, supervised the preparation of the technical information in this news release.
