|By Marketwired .||
|January 17, 2014 06:30 PM EST||
TORONTO, ONTARIO -- (Marketwired) -- 01/17/14 -- Claim Post Resources Inc. (TSX VENTURE: CPS) (the "Company") announces that it has retained P&E Mining Consultants Inc. ("P&E") of Brampton, Ontario to complete a NI 43-101 Resource Estimate Technical Report on Claim Post's Seymourville Frac Sand Project located 200km north-east of Winnipeg, Manitoba just off Highway 304 on the east shore of Lake Winnipeg. (The "Seymourville Deposit".)
The Seymourville deposit is the on shore extension of the Black River Formation mined for high purity silica from 1928 to 2003 on Black Island. A thin layer of glacial till effectively hid the sand deposit located within a 25 meter high, flat topped hill. Government geologists identified the deposit from a road cut. The drilling of 12 diamond drill holes in the 1980's plus trenching of shallow outcropping sand, led to the publishing of a historical 45 million ton resource of silica sand (Manitoba Open File Report OF 96-4). The sand was evaluated to a historical Feasibility Study level in 1996 as SiO2 feed for 500 tons per day plate glass plant (Manitoba Open File, OF 96-7). Caution, A qualified person has not done sufficient work to classify the historical estimate as current mineral resources; the issuer is not treating the historical estimate as current mineral resources.
Claim Post has purchased or optioned 734 hectares of Quarry Leases covering most of the Seymourville sand deposit from Char Crete Ltd and Gossan Resources Ltd. Gossan completed three drill campaigns, totaling 58 drill holes from 2004 to 2008 on the Gossan portion of the sand leases. The 2008 drill program was 25 sonic drill holes, 3.5 inches in diameter, drilled to a maximum 30 meter depth. In 2009, Gossan processed sand from 3 sonic drill holes to frac sand size ranges and retained the PropTester Labs in Texas to complete a range of API ISO test work for potential marketing to the oil and gas industry as a proppant. Sand from the remaining 22 sonic drill holes has been in locked storage in Winnipeg since 2008. Four of the government drill holes were drilled on the Char Crete leases; the remaining 8 holes were drilled for general exploration of the sand deposit.
The President of Claim Post Resources, Charles Gryba, stated: "We are concentrating on de-risking the Seymourville frac sand project. We want to independently compile all of the Gossan and Government drilling into a single data base prior to starting our own sonic drill program to confirm and expand the size of the resource. We have just completed a Lidar survey that gives us a 0.5 meter interval contour map which allows the 70 drill hole collar elevations and locations to be plotted accurately on a base map. It is anticipated that P&E would be able to calculate an Indicated resource. We expect to have the P&E technical report press released before the end of Q1 2014."
The historical metallurgical testwork for glass manufacturing indicates that the Black River Formation sand stone has been mainly disintegrated into individual sand grains surrounded entirely by clay. Simply scrubbing off the clay or washing the sand with water results in pure white, round sand grains grading over 99% pure SiO2 ideal for processing into frac sand. We are in the process of structuring a program to de risk the processing side of the Seymourville project.
The market for natural frac sand continues to grow at a high rate. The State of Wisconsin alone produces about 75% of all the US frac sand. Production has grown from 22 million tons in 2011, to 31 million tons in 2012 and to 38 million tons in 2013. The Vice President of Union Pacific Railroads at the September 2013 Frac Sand Conference in Minneapolis predicted, based on their extensive studies that the U.S market will be 70 million tons of frac sand by 2017.
Claim Post's Seymourville frac sand deposit is about 1,000 km closer to the Canadian market than Wisconsin sand deposits; this indicates the potential for significant transportation savings.
Charles Gryba P.Eng is the Company Qualified Person for this press release and Gene Puritch P. Eng. P&E will be the Independent Qualified Person.
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 the Williston Basin (both the Canadian and U.S. sides of the Border), and natural gas operations in the Montney and Horn River basins along the Alberta - British Columbia border from its Seymourville Frac Sand Project, located northeast of Winnipeg, Manitoba. Claim Post also has mineral claims in the Timmins area for gold and base metal exploration. There are 95,092,164 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.
Claim Post Resources Inc.
President and Director
Claim Post Resources Inc.
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 21, 2016 04:45 AM EDT Reads: 368
Fifty billion connected devices and still no winning protocols standards. HTTP, WebSockets, MQTT, and CoAP seem to be leading in the IoT protocol race at the moment but many more protocols are getting introduced on a regular basis. Each protocol has its pros and cons depending on the nature of the communications. Does there really need to be only one protocol to rule them all? Of course not. In his session at @ThingsExpo, Chris Matthieu, co-founder and CTO of Octoblu, walk you through how Oct...
Oct. 21, 2016 04:30 AM EDT Reads: 3,062
DevOps is speeding towards the IT world like a freight train and the hype around it is deafening. There is no reason to be afraid of this change as it is the natural reaction to the agile movement that revolutionized development just a few years ago. By definition, DevOps is the natural alignment of IT performance to business profitability. The relevance of this has yet to be quantified but it has been suggested that the route to the CEO’s chair will come from the IT leaders that successfully ma...
Oct. 21, 2016 04:30 AM EDT Reads: 16,193
Major trends and emerging technologies – from virtual reality and IoT, to Big Data and algorithms – are helping organizations innovate in the digital era. However, to create real business value, IT must think beyond the ‘what’ of digital transformation to the ‘how’ to harness emerging trends, innovation and disruption. Architecture is the key that underpins and ties all these efforts together. In the digital age, it’s important to invest in architecture, extend the enterprise footprint to the cl...
Oct. 21, 2016 04:15 AM EDT Reads: 1,697
Almost everyone sees the potential of Internet of Things but how can businesses truly unlock that potential. The key will be in the ability to discover business insight in the midst of an ocean of Big Data generated from billions of embedded devices via Systems of Discover. Businesses will also need to ensure that they can sustain that insight by leveraging the cloud for global reach, scale and elasticity.
Oct. 21, 2016 04:00 AM EDT Reads: 10,923
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Oct. 21, 2016 03:30 AM EDT Reads: 3,727
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
Oct. 21, 2016 03:15 AM EDT Reads: 3,834
One of biggest questions about Big Data is “How do we harness all that information for business use quickly and effectively?” Geographic Information Systems (GIS) or spatial technology is about more than making maps, but adding critical context and meaning to data of all types, coming from all different channels – even sensors. In his session at @ThingsExpo, William (Bill) Meehan, director of utility solutions for Esri, will take a closer look at the current state of spatial technology and ar...
Oct. 21, 2016 03:15 AM EDT Reads: 1,642
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his session at @DevOpsSummit 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will show how customers are able to achieve a level of transparency that enables everyon...
Oct. 21, 2016 02:30 AM EDT Reads: 1,204
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an Internet of Things implementation? In his session at @ThingsExpo, James Kirkland, Red Hat's Chief Arch...
Oct. 21, 2016 02:00 AM EDT Reads: 5,897
SYS-CON Events announced today that Interface Masters Technologies, a leader in Network Visibility and Uptime Solutions, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading vendor in the network monitoring and high speed networking markets. Based in the heart of Silicon Valley, Interface Masters' expertise lies in Gigabit, 10 Gigabit and 40 Gigabit Eth...
Oct. 21, 2016 01:45 AM EDT Reads: 3,257
As software becomes more and more complex, we, as software developers, have been splitting up our code into smaller and smaller components. This is also true for the environment in which we run our code: going from bare metal, to VMs to the modern-day Cloud Native world of containers, schedulers and microservices. While we have figured out how to run containerized applications in the cloud using schedulers, we've yet to come up with a good solution to bridge the gap between getting your conta...
Oct. 21, 2016 01:30 AM EDT Reads: 1,346
The IoT industry is now at a crossroads, between the fast-paced innovation of technologies and the pending mass adoption by global enterprises. The complexity of combining rapidly evolving technologies and the need to establish practices for market acceleration pose a strong challenge to global enterprises as well as IoT vendors. In his session at @ThingsExpo, Clark Smith, senior product manager for Numerex, will discuss how Numerex, as an experienced, established IoT provider, has embraced a ...
Oct. 21, 2016 01:30 AM EDT Reads: 863
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, will discuss why and how ReadyTalk diverted from healthy revenue an...
Oct. 21, 2016 01:15 AM EDT Reads: 2,909
DevOps theory promotes a culture of continuous improvement built on collaboration, empowerment, systems thinking, and feedback loops. But how do you collaborate effectively across the traditional silos? How can you make decisions without system-wide visibility? How can you see the whole system when it is spread across teams and locations? How do you close feedback loops across teams and activities delivering complex multi-tier, cloud, container, serverless, and/or API-based services?
Oct. 21, 2016 12:30 AM EDT Reads: 903