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92 Resources Corp

92 Resources kicks off new exploration work on promising gold, lithium targets in Quebec

The Corvette-FCI property is comprised of the 100%-owned Corvette claim block and the FCI East and West claim blocks optioned from Osisko Mining

gold nuggets
Initial exploration at the Golden Gap and Lac Bruno targets revealed positive gold results

92 Resources Corp (CVE:NTY) (OTCMKTS:RGDCF) has begun exploration at its Corvette-FCI property in Quebec, the company announced on Monday.

The early-stage exploration project is located in the James Bay region of Quebec around 10 kilometres south of an all-season road and powerline.

Corvette-FCI is comprised of the Corvette claim block, 100%-owned by 92 Resources, and the FCI East and West claim blocks optioned from Osisko Mining Inc.

READ: 92 Resources expands option agreement with Osisko to include further 83 claims

The new exploration program will focus on prospecting as well as rock and soil sampling along the Golden Gap and Lac Bruno prospects, where initial exploration work revealed positive gold results. Both prospects are situated on prospective trends and extend across the property over a distance of around 20 kilometres.

A copper trend that has only seen limited exploration work will also be explored, 92 Resources said in a statement. According to the company, the trend is host to a number of copper occurrences that grade up to 3.4% copper in grab samples.

The junior explorer will also explore the lithium trend across the FCI East claim block, where prior work indicates a well-mineralized system with a strong tantalum component, the company said.

The 14,500-hectare Corvette property consists of 172 wholly owned claims and a further 111 claims (FCI East and FCI West) held under option from Osisko for up to a 75% interest.

Exploration work is expected to last four weeks and consist of a four-person field crew managed out of Quebec.

In addition to Corvette-FCI, 92 Resources holds the Pontax lithium-gold property in Quebec, the Golden Frac Sand property in British Columbia and the Hidden Lake lithium property in the Northwest Territories, as well as several other assets in Canada.

Contact Angela at [email protected]

Follow her on Twitter @AHarmantas

Quick facts: 92 Resources Corp

Price: $0.03

Market: TSX-V
Market Cap: $2.2 m
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