VANCOUVER, BRITISH COLUMBIA — March 17, 2015 – Select Sands Corp. (TSX VENTURE:SNS) (the “Company”) is pleased to announce results of a second diamond drill hole (ST14-03) which is 3150 feet (ft.) or 960 meters (m) east of the first hole ST14-02 at its Sandtown project in Northeast Arkansas (AR), USA.
- Drill hole ST14-013 hit from surface to 69 feet (ft.) or 21 metres (m) depth “Tier 1” high purity/ high crush frac sand
- ST14-03 is 3150 ft (960 m) east of the ST14-02 where Company reported from surface to 32 ft high purity and high crush silica
- Crush results of ST14-03 are 30/50 mesh 7K; 40/70 mesh 9K and 100 mesh of 10K
- The high purity (99% SiO2) silica is suitable for ‘industrial use’
- 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 expand the deposit on the remaining property exists
- Quarry (mine) permitting application process has started
Drill hole ST14-03 sample 0-69 feet (0-21 m) was analysed by Stim-Lab for sieve analysis, crush resistance, silica content (SiO2%) sphericity and roundness, acid solubility and turbidity, all of which meet or exceed API “Tier-1” specifications for frac sand. The sample returned (0-69 ft.) 11% of 30/50 mesh, 33% of 40/70 mesh and 59% of 100 mesh (70/140). Crush test returned 7K for 30/50 mesh, 9K for 40/70 mesh and 10K for 100 meshes. Please see the Stim-Lab results on the company’s website at: http://www.selectsandscorp.com/
Drill hole ST14-03 has confirmed the high crush and high purity silica potential on the property. The deposit is suitable to be used as Tier-1 frac sand in the oil and gas industry; as well, the pure silica nature of the deposit makes it suitable for industrial uses. Along with the oil and gas, the Company is looking for customers in the industrial markets. The industrial market has made a comeback in the US due to lower energy prices in North America.
It’s not unusual that the silica mines sell into industrial as well as oil and gas. US Silica for example sold 4.1 million tons (equal to the same amount sold to oil and gas market) in the industrial and speciality market, generating $199 million revenue in 2014 from the industrial and speciality market sales. The US industrial and speciality silica industry has combined annual revenue of $23 billion.
The St. Peter sandstone (SST), which underlies the property, is host to Tier-1 frac sand mines, a necessary mineral used in the extraction of shale oil/gas as well industrial silica mines. The total property size is 530 acres, and potential to expand the deposit on the property exists as the SST outcrops outside the drilled area.
The Company is working on the N1 43-101-compliant resource calculation to be released upon completion within 4-6 weeks. The Company also 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.
Please see drill hole plan map at the Company’s website: http://www.selectsandscorp.com/
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://www.selectsandscorp.com/
“Part of the future sand production sale for the industrial uses cannot be ruled out due to Sandtown proximity to Houston, Texas, a major industrial hub and port,” stated Rasool Mohammad. “Sandtown also offers transportation cost savings to the oil and gas market, as it is 650 rail miles closer to Texas/Louisiana oil and gas plays over Midwest US sand mines.”
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.
Select Sands Corp.
Rasool Mohammad, B.Sc. (Mining)
President & CEO
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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.