VANCOUVER, BRITISH COLUMBIA – March 10, 2015 – Select Sands Corp. (TSX VENTURE:SNS) (the “Company”) is pleased to announce the completion of the resource-definition drill program at its Sandtown project in Northeast Arkansas (AR), USA. The Company has hired Little Rock, AR, based-consultants for the quarry permitting process, and the process has begun.
HIGHLIGHTS:
- Twenty drill holes completed
- Drill hole P-04 intersected 98 feet (ft.) or 29.8 metres (m) of potential frac sand, ending in the zone (drill limits reached)
- All drill holes except one intersected potential frac sand intervals, averaging 52 ft. (15.84 m )
- Current drilling is focused on the northern half (200 acres) of the 530-acre property
- Potential to find additional resources on the remaining property exists
- Quarry (mine) permitting application process has started
Twenty drill holes have been completed, of which all but one intersected thick zones of the St. Peter Sandstone (SST) formation. The St. Peter SST is host to Tier-1 frac sand deposits, a necessary mineral used in the extraction of shale oil/gas. Holes were drilled at approximately 600 ft (183 m) centres over an 810,000 square m area (200 acres). The total property size is 530 acres and potential to find additional resources on the property exists as the SST outcrops on the property outside the drilled area. The average thickness of the SST intersected during drilling is 52 ft. (15.84 m). Based on these intercepts and the apparent continuity of the SST across the property, the Company is targeting 8-10 million tonnes of frac sand. The Company cautions that this estimate of exploration potential is conceptual in nature and there has been insufficient work done to define a mineral resource at this stage. It is unclear if additional exploration will result in this target being defined as a mineral resource.
Samples collected from the drilling are being submitted for analysis. The Company expects to have the results incorporated in a resource report in about 4-6 weeks.
Please see drill hole plan map at the Company’s website : http://216.187.79.197/
The Company has also started the quarry/mine permitting process by hiring consultants from Little Rock, AR to complete the quarry/mine permitting process. Baseline data gathering for the permit application has started. The Company anticipates submitting the quarry/mine application within a few weeks. The Company expects to receive a final quarry/mine permit within 60 days after the application has been submitted.
The Company has released the Stim-Lab results (See SNS Feb 19, 2015 News Release) where the 40/70 and 100 mesh retuned 10K “crush” each meeting or exceeding the Tier-1 frac sand specifications as defined per the ISO 13503-2:2006/API RP 19C recommended practice for measurement of properties of proppants used in hydraulic fracturing and gravel-packing operations. These properties include sand sphericity and roundness, crush (K value), acid solubility, turbidity, and SiO2 (silicon dioxide) content.
The Stim-Lab results are posted on the Company’s website : http://216.187.79.197/
“We are steadily de-risking the project,” stated Rasool Mohammad “Sandtown’s competitive location advantage of 650 rail miles closer to Texas/Louisiana oil/gas plays over Wisconsin sand mines, plays well in the current low oil-price environment.”
Cameron Bartsch, M.Sc., P.Geo., of Tetra Tech EBA, a Qualified Person as defined by National Instrument 43-101, has reviewed the scientific and technical information disclosed in this News Release.
About Select Sands Corp.
Select Sands Sandtown property is underlain by the Ordovician St. Peter sandstone formation, the source of ‘Ottawa White’ Tier-1 frac sand selling into major US oil and gas basins. The Sandtown property is located 3.1 miles from Highway 167, has an active power line on the property, and is about 14.7 miles away from the nearest rail system (See December 4, 2014 News Release). Sandtown has a competitive location advantage of 650 rail miles closer to Texas/Louisiana oil/gas plays over Wisconsin sand mines.
The Company also owns high-grade gold deposits in the La Ronge Gold Belt, northern Saskatchewan, and holds other gold projects located in Ontario and Saskatchewan. The Company’s Preview SW Gold Deposit in Saskatchewan, Canada, has 158,300 Oz gold and 270,800 Oz gold in Indicated and Inferred Categories, 2.6 million tonnes grading 1.89 g/t gold and 5.7 million tonnes grading1.48 g/t gold respectively. The gold deposit remains open to expansion in all directions.
For more information about Select Sands Corp., please visit www.selectsandscorp.com or contact Rasool Mohammad, B.Sc. (Mining), President & CEO.
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.
FORWARD-LOOKING INFORMATION
This News Release includes forward-looking information and statements, which may include, but are not limited to, information and statements regarding or inferring the future business, operations, financial performance, prospects, and other plans, intentions, expectations, estimates, and beliefs of the Company. Information and statements which are not purely historical fact are forward-looking statements. Forward-looking information and statements involve and are subject to assumptions and known and unknown risks, uncertainties, and other factors which may cause actual events, results, performance, or achievements of the Company to be materially different from future events, results, performance, and achievements expressed or implied by forward-looking information and statements herein. Although the Company believes that any forward-looking information and statements herein are reasonable, in light of the use of assumptions and the significant risks and uncertainties inherent in such information and statements, there can be no assurance that any such forward-looking information and statements will prove to be accurate, and accordingly readers are advised to rely on their own evaluation of such risks and uncertainties and should not place undue reliance upon such forward-looking information and statements. Any forward-looking information and statements herein are made as of the date hereof, and except as required by applicable laws, the Company assumes no obligation and disclaims any intention to update or revise any forward-looking information and statements herein or to update the reasons that actual events or results could or do differ from those projected in any forward-looking information and statements herein, whether as a result of new information, future events or results, or otherwise, except as required by applicable laws.
CONTACT INFORMATION
Select Sands Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
604-639-4533
www.selectsandscorp.com
