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CPS Canadian Premium Sands Inc

0.28
0.005 (1.82%)
24 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Canadian Premium Sands Inc TSXV:CPS TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.005 1.82% 0.28 0.27 0.30 0.28 0.28 0.28 4,000 18:02:38

Claim Post Resources Inc. Sends Bulk Sample to SGS Lakefield

12/03/2014 1:00pm

Marketwired Canada


Claim Post Resources Inc. (TSX  VENTURE:CPS) (the "Company") announces that it
has retained SGS Mineral Services of Lakefield, Ontario to do bench scale test
work for the Seymourville silica sand deposit. The high grade silica sand
deposit is located 200 north-east of Winnipeg, Manitoba just off of paved
Highway 304 on the east shore of Lake Winnipeg. (The "Seymourville Deposit") 


The Seymourville Deposit is being evaluated for use as a natural sand proppant
("frac sand") for the oil and gas industry. As part of the Claim Post plan to
advance the Seymourville frac sand project to production, a 1000 kilogram sample
of sand from 20 individual sonic drill holes was delivered to the SGS Lab in
Lakefield, Ontario, from secure storage in Winnipeg. The sand will be composited
with 25% stored at Lakefield, 25% returned to Winnipeg and 50% metallurgical
tested and ultimately processed into 1 kg samples for test marketing frac sand
to oil and natural gas companies.


Gossan Resource Ltd. in 2009 processed three sonic holes for frac sand analysis.
Test-work by PropTest Labs, of Cyprus, Texas testwork showed that the
Seymourville sand meets all API ISO specs for frac sand. The sand tested in the
8,000 to 10,000 psi compressive strength range. Based on glass metallurgical
test work (Manitoba Open File, OF 96-7 by Jack Kriens) as well as more recent
Gossan assaying, the Seymourville Deposit consists of 99% pure silica sand
within a 3% to 10% clay matrix. The current SGS metallurgical testing program
has the following objectives:




1.  Calculation of the average percentage clay and silica sand content based
    on a representative 100 kg composite sample made up from the 20 sonic
    drill holes (3.5 inch diameter). This will allow the determination of
    the average bulk density of the clay-silica mixture required for NI 43 -
    101 compliant tonnage calculations plus an analysis of the types of
    clay.
      
2.  Determination of scrubbing times to remove clay with microscope
    evaluation of the sand grains to ensure cleanliness at the various size
    ranges. Drying and magnetic separation will be done prior to completion
    of a detailed screen analysis of the 100kg sample for estimation of the
    tonnage split for each frac sand size range.
      
3.  Upon finalization of the flow sheet, preparation of several 1kg samples
    for each frac sand size range (including 20/40, 30/50, 40/70 and 70/140
    gradations) for shipment to the PropTester laboratory in Texas or
    alternatively StemLabs for API ISO test work.
      
4.  Once the API testwork results are known; the remaining 400kg of the bulk
    sample would be processed into 1 kg samples for the pre-marketing of
    "Manitoba White" frac sand to oil and natural gas companies.
      
5.  To further de-risk to project; environmental base line and clay
    dewatering testwork will be a major part of the SGS work. The frac sand
    plant is designed with closed circuit water usage; clay will be
    thickened, filtered and trucked dry back to pits for long term storage.



The President of Claim Post Resources, Charles Gryba, stated: "We are
concentrating on de-risking the Seymourville project in stages. We have
contracted an independent NI 43 101 Report plus now have retained SGS to process
a representative 500kg sample to industry standard natural frac sand
specifications for pre marketing frac sand. The clay and environmental testwork
will allow Claim Post to complete a preliminary design of the frac sand mining
and milling operation plus allow us to do a more accurate scoping study. Our
upcoming sonic drill program will be designed to confirm the SGS flow sheet as
well as increase resource confidence and tonnage." 


Charles Gryba P.Eng. is the Company's Qualified Person for this press release. 

Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia. The Company is
focused on becoming a leading provider of premium white silica sand proppant to
oil operations in the Williston Basin (both the Canadian and U.S. sides of the
Border), and to the natural gas plays in the Montney and Horn River basins along
the Alberta - British Columbia border from its Seymourville Frac Sand Project,
located 200 km northeast of Winnipeg, Manitoba. Claim Post also has mineral
claims in the Timmins area for gold and base metal exploration. There are
96,452,164 common shares of the Company currently issued and outstanding.


Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly. 


The Company does not assume the obligation to update any forward-looking
statement. Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Claim Post Resources Inc.
Charles Gryba
President and Director
416-801-6366


Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776
www.claimpostresources.com

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