92 Resources Adds Claim Contiguous to Hidden Lake Lithium Property

April 25, 2016

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92 Resources (TSX:NTY) has added another 500 hectare contiguous claim to its Hidden Lake property near Yellowknife in the North West Territories.

As quoted in the press release:

The claim covers the continuation or potential extensions to known lithium bearing pegmatites at the property.

Hidden Lake Lithium Property

The Hidden Lake Lithium Property now consists of three mineral claims, totaling approximately 1,600 hectares covering a number of known spodumene-bearing pegmatites.  It is located just north of NWT Highway 4, approximately 40 km northeast of the city of Yellowknife, NT. The property is highly prospective for spodumene-bearing lithium pegmatites. The lithium potential of pegmatites within the Yellowknife area was first recognized in the mid-1950’s, when a number of the region’s pegmatites were sampled and found to contain highly anomalous concentrations of lithium.  As previously reported (Feb 29, 2016), 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%.

Click here for the full press release.

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Category: Energy