VANCOUVER, BRITISH COLUMBIA – Jan. 19, 2015 – Select Sands Corp. (TSX VENTURE:SNS) is pleased to provide an update on its ongoing drill program on its Sandtown Frac Sand property (“Property”) located in northeast Arkansas, USA. The Property is underlain by the Ordovician St. Peter sandstone formation, which is the source of ‘Ottawa White’ frac sand selling into the major US oil and gas plays. There are several surface outcrop exposures of the St. Peter sandstone unit on the Property. 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)
Recent studies suggest that the demand for fine grade sands (particularly 100 Mesh) will continue to increase due to weather-related logistical challenges and unexpectedly high requirements stemming from changes to fracking design. The sandstone at the Property is considered to be of finer mesh than anticipated based on the visual inspection from the current drilling. Select Sands has drilled three diamond drill holes and is currently drilling the fourth. Drill hole ST14-03, 960 m to the east of the ST14-01 and ST14-02, intersected 80 feet (ft.) of St. Peter sandstone formation (the target zone) from surface. The first two drill holes (ST14-01 and ST14-02) drilled 28 ft. and 34 ft. of the St. Peter sandstone respectively. These drill holes were not completed to depth due to mechanical issue, but both holes ended in sandstone and remain open to depth. Please refer to the website (http://www.selectsandscorp.com/wp-content/uploads/2015/01/Drill-Hole-Plan-Sandtown.jpg) for the map showing the collar locations. Drill core samples have been sent to Stim-Labs (Oklahoma, USA) for analysis. The phase one reconnaissance drill program will test the depth and thickness of the sandstone and will provide an initial indication of mesh size of the frac sand on the Property. The Company will test the properties of frac sand as 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% content.
“Based on the estimated 20-30% reduction on spending in 2015 in US drilling activity, we anticipate that frac sand transportation costs will experience the largest cuts in the sector,” Rasool Mohammad, President & CEO, commented. “Sandtown is 650 rail-miles closer to the Permian and Eagle Ford (Texas) basins than the Wisconsin frac sand mines and can provide the transportation cost savings.”
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 is a Vancouver-based resource growth and development company. The Company has entered into a binding letter of agreement for an option to acquire a 100% undivided right, title, and interest in an approximately 520-acre prospective Tier 1 frac sand property (“Sandtown”) located in northeast Arkansas, USA.
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, grading 1.89 g/t gold and 1.48 g/t gold respectively. The gold deposit remains open to expansion in all directions.
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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.
Select Sands Corp.Rasool Mohammad, B.Sc. (Mining)
President & CEO