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92 Resources Corp

92 Resources says FCI property in Quebec will be an exploration focus in 2019

"We envision a strong year ahead in 2019 ..," said the group's CEO Adrian Lamoureux

Lithium symbol
92 Resources is on the hunt for lithium, among other things

92 Resources Corp (CVE:NTY) updated on exploration plans for 2019 where a big focus will be completing the Year-1 earn-in option on the FCI property in Quebec.

The Vancouver-headquartered company is working with operator Osisko Mining to outline a comprehensive surface program and is currently reviewing historic data, it said in Monday's statement.

Following the FCI work, 92 Resources intends to complete follow-up exploration on the adjacent and Corvette property in spring or summer. Last year, the property saw the discovery of new spodumene-bearing pegmatite occurrences as well as a more than doubling of the size of the property.

READ THE BIG PICTURE: 92 Resources is building a highly attractive portfolio of energy-related projects in mining-friendly jurisdictions

Meanwhile, continued exploration at Pontax (lithium) will also follow-up on the two spodumene-bearing pegmatites discovered in 2018.

In addition, field programs at the Eastman and Lac du Beryl properties are expected to be advanced.

A surface sampling program is also planned for the recently acquired Silver Sands grassroots vanadium property in the Pine Pass area of British Columbia.

A recent financing means the company is supported in its work plans for this year.

"We envision a strong year ahead in 2019 as we continue to advance and develop our project portfolio and further position the company for long-term success and increasing shareholder value," said president and CEO of  92 Resources Adrian Lamoureux.

Highlights for last year

Among the highlights of 2018 for the company were:

The consolidation of more than 15 km of trend prospective for spodumene-bearing pegmatite via the option deal with Osisko Mining Inc. for the FCI property.

Also, the successful maiden drill program at the Hidden Lake property, which was fully funded by its option partner Far Resources Ltd, and the successful surface exploration program at the flagship Corvette Lithium property.

Contact Giles at [email protected]

Follow him on Twitter @Gile74

Quick facts: 92 Resources Corp

Price: $0.04

Market: TSX-V
Market Cap: $3.51 m
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