Welcome!

News Feed Item

REPEAT: Claim Post Completes Initial NI 43-101 Inferred Resource Estimate of 25 Million Tonnes of Silica Sand/Clay Matrix at Seymourville Project on Approximately 20% of the Project License Area

TORONTO, ONTARIO -- (Marketwired) -- 05/07/14 -- Claim Post Resources Inc. (TSX VENTURE: CPS) (the "Company") the Company is very pleased to announce that P&E Mining Consultants Inc. has estimated the Seymourville Project NI 43-101 Inferred Resource Estimate at 15 million cubic meters or at a bulk density of 1.73 tonnes per cubic meter; 25 million tonnes at a composite grade of 94% Si02. The sand composite is a mixture of 99% pure silica sand with a matrix of clay, fine silica, iron minerals etc. which will be removed when processed as frac sand. This high grade silica sand deposit is located 200 km north-east of Winnipeg, Manitoba just off of paved Highway 304 on the east shore of Lake Winnipeg (the "Seymourville Project").

The Seymourville project is being evaluated for use as a natural sand proppant "frac sand" for the oil and gas industry. The initial NI 43-101 resource estimate is the first key step to advance the Seymourville frac sand project to production. Preliminary screening at SGS labs in Lakefield Ontario indicates approximately 80% of the sand/clay matrix is in the frac sand size range of 20 to 140 mesh. SGS testwork will also investigate the recovery of the minus 140 mesh silica and perhaps clay minerals such as kaolinite.

The President of Claim Post Resources, Charles Gryba, stated: "We are very pleased with this report; it confirms that we have a very substantial silica sand resource, which we can grow with additional drilling. The next step in de-risking the project is contracting an independent Preliminary Economic Assessment in order that we can evaluate the potential economics of the project once the SGS - API testwork is completed. Based on the resources delineated in this report, and if one assumes a mine life of 20 years, we are now in a position to evaluate the economics of a mine - processing plant with a production capacity of around 1 million tonnes per year of frac sand."

Claim Post previously announced (March 11th, 2014 Press Release filed on SEDAR) that a 1,000 kilogram representative sample of sand from 20 individual sonic drill holes was delivered to the SGS Lab in Lakefield Ontario for bench scale metallurgical test work which was followed by, API ISO frac sand test work. Ultimately the remainder of the sand was processed into 1 kg samples for test marketing frac sand to oil and natural gas operators.

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. U.S. frac sand production has grown from 20 million tonnes in 2011, to 28 million tonnes in 2012 and to about 40 million tonnes in 2013. The Vice President of Union Pacific Railroads at the September 2013 Frac Sand Conference in Minneapolis, based on their extensive studies, forecast that the U.S market will be 67 million tonnes of frac sand by 2017.

Claim Post's Seymourville frac sand deposit is approximately 1,000 km closer to the Canadian market than Wisconsin sand deposits; this indicates the potential for significant transportation savings. Claim Post is evaluating a transload facility at the Centre Port site in Winnipeg which will provide unit train loading and access to CN, CPR and the BNSF railroads plus provide bulk truck or container service to the oil industry in Manitoba, Saskatchewan and the U.S. side of the Williston Basin.

Charles Gryba P.Eng. is the Company Qualified Person for this press release. Eugene Puritch, P.Eng. President of P&E Mining Consultants Inc. and an independent Qualified Person, has reviewed and approved the technical content of 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 entire Western Canadian Sedimentary Basin 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.

Contacts:
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

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Building custom add-ons does not need to be limited to the ideas you see on a marketplace. In his session at 20th Cloud Expo, Sukhbir Dhillon, CEO and founder of Addteq, will go over some adventures they faced in developing integrations using Atlassian SDK and other technologies/platforms and how it has enabled development teams to experiment with newer paradigms like Serverless and newer features of Atlassian SDKs. In this presentation, you will be taken on a journey of Add-On and Integration ...
There are 66 million network cameras capturing terabytes of data. How did factories in Japan improve physical security at the facilities and improve employee productivity? Edge Computing reduces possible kilobytes of data collected per second to only a few kilobytes of data transmitted to the public cloud every day. Data is aggregated and analyzed close to sensors so only intelligent results need to be transmitted to the cloud. Non-essential data is recycled to optimize storage.
"I think that everyone recognizes that for IoT to really realize its full potential and value that it is about creating ecosystems and marketplaces and that no single vendor is able to support what is required," explained Esmeralda Swartz, VP, Marketing Enterprise and Cloud at Ericsson, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Interoute has announced the integration of its Global Cloud Infrastructure platform with Rancher Labs’ container management platform, Rancher. This approach enables enterprises to accelerate their digital transformation and infrastructure investments. Matthew Finnie, Interoute CTO commented “Enterprises developing and building apps in the cloud and those on a path to Digital Transformation need Digital ICT Infrastructure that allows them to build, test and deploy faster than ever before. The int...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership abi...
The essence of cloud computing is that all consumable IT resources are delivered as services. In his session at 15th Cloud Expo, Yung Chou, Technology Evangelist at Microsoft, demonstrated the concepts and implementations of two important cloud computing deliveries: Infrastructure as a Service (IaaS) and Platform as a Service (PaaS). He discussed from business and technical viewpoints what exactly they are, why we care, how they are different and in what ways, and the strategies for IT to transi...
Without a clear strategy for cost control and an architecture designed with cloud services in mind, costs and operational performance can quickly get out of control. To avoid multiple architectural redesigns requires extensive thought and planning. Boundary (now part of BMC) launched a new public-facing multi-tenant high resolution monitoring service on Amazon AWS two years ago, facing challenges and learning best practices in the early days of the new service.
Niagara Networks exhibited at the 19th International Cloud Expo, which took place at the Santa Clara Convention Center in Santa Clara, CA, in November 2016. Niagara Networks offers the highest port-density systems, and the most complete Next-Generation Network Visibility systems including Network Packet Brokers, Bypass Switches, and Network TAPs.
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
SYS-CON Events announced today that Outlyer, a monitoring service for DevOps and operations teams, has been named “Bronze Sponsor” of SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Outlyer is a monitoring service for DevOps and Operations teams running Cloud, SaaS, Microservices and IoT deployments. Designed for today's dynamic environments that need beyond cloud-scale monitoring, we make monitoring effortless so you ...
My team embarked on building a data lake for our sales and marketing data to better understand customer journeys. This required building a hybrid data pipeline to connect our cloud CRM with the new Hadoop Data Lake. One challenge is that IT was not in a position to provide support until we proved value and marketing did not have the experience, so we embarked on the journey ourselves within the product marketing team for our line of business within Progress. In his session at @BigDataExpo, Sum...
Virtualization over the past years has become a key strategy for IT to acquire multi-tenancy, increase utilization, develop elasticity and improve security. And virtual machines (VMs) are quickly becoming a main vehicle for developing and deploying applications. The introduction of containers seems to be bringing another and perhaps overlapped solution for achieving the same above-mentioned benefits. Are a container and a virtual machine fundamentally the same or different? And how? Is one techn...
Keeping pace with advancements in software delivery processes and tooling is taxing even for the most proficient organizations. Point tools, platforms, open source and the increasing adoption of private and public cloud services requires strong engineering rigor - all in the face of developer demands to use the tools of choice. As Agile has settled in as a mainstream practice, now DevOps has emerged as the next wave to improve software delivery speed and output. To make DevOps work, organization...
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.