Click here to close now.


News Feed Item

Rainmaker Resources Ltd. Acquires Bray Frac Sand Property, Arkansas; Receives Highly Encouraging Test Results

CALGARY, ALBERTA -- (Marketwired) -- 06/19/14 -- Rainmaker Resources Ltd. (TSX VENTURE: RMG) ( "Rainmaker") is pleased to announce that it has entered into a binding Letter Agreement with Arkansas Silica LLC ("ASL") to acquire an Option to Purchase the 304-acre Bray Frac Sand property, located in NE Arkansas. ASL has entered into an Option to Purchase Agreement (the "Option") with the landowners, dated May 30, 2014. This Option gives ASL the right to purchase the property outright for US$1,100,000 on or before January 5, 2015.

Highly encouraging results have been received from testing on sand samples obtained during a preliminary test drill program.

Prior to negotiating the terms, Company management and technical representatives visited the property on several occasions to test and sample the property. This included a two day drill program, using an inexpensive water well rig, to drill three test holes. The three drill holes demonstrated sand thicknesses of 80 ft., greater than 90ft. and greater than 120 ft. respectively. Analytical work on two composite samples yielded results that were better than the industry standard recommended values for all parameters. Details are presented below.

The Company will now commence a comprehensive sonic drill program with the objective of completing an NI 43-101 compliant resource estimate.

Test Drilling:

The drilling consisted of three mud-rotary holes to test the thickness of the sand formation, and to collect sand material for subsequent testing. The three holes were all collared in sand, and intersected sand as follows:

Hole B-1  depth to base of sand 80 feet
Hole B-2  hole stopped at 120 feet, still in sand
Hole B-3  lost circulation at 100 feet, still in sand at 90 feet.

Two composite sand samples were prepared from the drill cuttings, and were submitted to Stim-Lab, Inc in Duncan, Oklahoma. The samples were dried, weighed and washed through a 200 mesh screen. The two composites were then tested for sphericity, roundness, acid solubility, bulk density, apparent density and crush resistance (K-value). The procedures followed were as stated in ISO 13503-2:2006/API RP19C:2008.

The sieve test yielded the following results:

                   Percentage of sand within size fraction

Size fraction                        Composite 1                 Composite 2
20/40                                        6.1                         5.7
30/50                                       28.4                        26.2
40/70                                       58.0                        56.2
70/140                                      33.0                        35.3

Note - these percentages add up to more than 100% because the ranges of the size fractions overlap.

It was decided that the full testing would proceed on the 30/50 size for Composite 1, and on the 40/70 size for Composite 2. Results as are follows:


API test
                     Comp 1         Comp 2
                 30/50 size     40/70 size                             Notes
Sphericity              0.8            0.7   minimum recommended value = 0.6
Roundness               0.7            0.7   minimum recommended value = 0.6
Acid                                           maximum recommended value for
 solubility           1.45%          1.30%    30/50 = 2.0%, for 40/70 = 3.0%
Bulk density     1.45 g/cm3     1.42 g/cm3
 density         2.63 g/cm3     2.64 g/cm3
                                          highest stress value generating no
K-value                  6K             8K    more than 10% crushed material

Director of Rainmaker, Alan Young, P.Eng, commented, "This sand is an excellent quality frac sand that exceeds all the key attributes as outlined by the ISO/API standards referenced above, for the specified sand sizes. These attributes will make the sand a solid technical contender for use in either US or Canadian fracture stimulation applications. We are confident that the additional delineation wells will serve to prove up the extent and potential value of the play."

Letter Agreement:

ASL will assign its interest in and to the Option in consideration of payment of $175,000 and the issuance of 2,500,000 shares of Rainmaker's capital stock, payable in five installments over a four year period from the effective date of the agreement. In addition, Rainmaker will pay ASL a royalty of $1.00 per short ton of frac sand extracted, processed, sold and delivered.

Bray Property:

The Bray Frac Sand property is located in Izard County, north-central Arkansas, and has excellent access from State highways. The property is approximately 30 miles north of the city of Batesville, AR. Rail access is available in Batesville, with several potential loading sites present. The currently operating Bluebird Sand LLC frac sand operation is located approximately 5 miles southwest of the Bray property.

The property is underlain by the St Peter Sandstone, of Ordovician age, and is homogeneous pure quartz sand. The St Peter sandstone (also known as the Ottawa sand in commercial operations) is considered to be a major source of frac sand within the United States, especially in Wisconsin. The Arkansas Geological Survey reports that in the nearby Mt. Pleasant area the sand ranges from 135 - 150 feet in thickness. On the Bray property, drilling by Rainmaker has demonstrated thicknesses in excess of 120 feet. Bluebird Sand LLC produces frac sand from the same formation.

Rainmaker President and CEO, Rick Patmore commented, "The Bray Frac Sand property is ideally situated to service the Eagle Ford, Fayetteville and New Albany shale plays. The Ottawa sands are of a top pedigree of frac sand in this industry. We look forward to briskly moving this project toward development for the benefit of all shareholders. With Mexico now lifting their moratoriums this is another avenue Rainmaker could have for a client base. We are very excited about this opportunity as we believe that the size of this property could turn Rainmaker into a real contender in this arena for years to come."

The transaction is subject to acceptance by the TSX Venture Exchange.

Chris M. Healey, P.Geo, a Director of Rainmaker, is the qualified person responsible for the technical content of this release.

On behalf of the Board of Directors

Rick Patmore, President and CEO, Rainmaker Resources Ltd.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this News Release. WARNING: The Company relies on litigation protection for "forward looking" statements. Actual results could differ materially from those described in the news release as a result of numerous factors, some of which are outside the control of the Company. This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

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 has been named a "Bronze Sponsor" of SYS-CON's @DevOpsSummit Silicon Valley, which will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. provides open-source software ELK turned into a log analytics platform that is simple, infinitely- scalable, highly available, and secure.
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
According to Forrester, public cloud platforms are evolving, blurring the lines between Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) in order to satisfy the needs of enterprises and widen their appeal to developers. In The Forrester Wave™: Enterprise Public Cloud Platforms, Q4 2014, Forrester evaluates the 16 most significant Enterprise Public Cloud Platforms and details how each vendor fulfills the 19 evaluation criteria points.
Today, we are in the middle of a paradigm shift as we move from managing applications on VMs and containers to embracing everything that the cloud and XaaS (Everything as a Service) has to offer. In his session at 17th Cloud Expo, Kevin Hoffman, Advisory Solutions Architect at Pivotal Cloud Foundry, will provide an overview of 12-factor apps and migrating enterprise apps to the cloud. Kevin Hoffman is an Advisory Solutions Architect for Pivotal Cloud Foundry, and has spent the past 20 years b...
Data loss happens, even in the cloud. In fact, if your company has adopted a cloud application in the past three years, data loss has probably happened, whether you know it or not. In his session at 17th Cloud Expo, Bryan Forrester, Senior Vice President of Sales at eFolder, will present how common and costly cloud application data loss is and what measures you can take to protect your organization from data loss.
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, foc...
The cloud has reached mainstream IT. Those 18.7 million data centers out there (server closets to corporate data centers to colocation deployments) are moving to the cloud. In his session at 17th Cloud Expo, Achim Weiss, CEO & co-founder of ProfitBricks, will share how two companies – one in the U.S. and one in Germany – are achieving their goals with cloud infrastructure. More than a case study, he will share the details of how they prioritized their cloud computing infrastructure deployments ...
DevOps delivers remarkable results. But does it help all of IT? Can traditional ‘mode 1’ IT benefit as much as innovative ‘mode 2’? How about the rest of your business? Or have you just shifted your bottleneck? And if so, what can you do about it? Improving dev and ops is necessary, but not sufficient. It often just shifts the burden sideways (e.g., to PMs, SQA, InfoSec, DBAs, NOC, etc.), upstream (to the PMO, Controller, Business Liaison, etc.), or downstream (to TechPubs, Service Desk, Traini...
Decisions about budgets and resources are often made without IT even having a seat at the table. As technologist we understand the value of DevOps - but do your business counterparts? If they don't, your DevOps initiatives could lose funding before they start. In her session at DevOps Summit, Jeanne Morain, Strategist / Author at iSpeak Cloud, LLC, will provide insights on how to bridge the gap between business and technology leaders. Attendees will learn prescriptive guidance on balancing wor...
Interested in leveraging automation technologies and a cloud architecture to make developers more productive? Learn how PaaS can benefit your organization to help you streamline your application development, allow you to use existing infrastructure and improve operational efficiencies. Begin charting your path to PaaS with OpenShift Enterprise.
The modern software development landscape consists of best practices and tools that allow teams to deliver software in a near-continuous manner. By adopting a culture of automation, measurement and sharing, the time to ship code has been greatly reduced, allowing for shorter release cycles and quicker feedback from customers and users. Still, with all of these tools and methods, how can teams stay on top of what is taking place across their infrastructure and codebase? Hopping between services a...
SYS-CON Events announced today that Machkey International Company will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Machkey provides advanced connectivity solutions for just about everyone. Businesses or individuals, Machkey is dedicated to provide high-quality and cost-effective products to meet all your needs.
Clutch is now a Docker Authorized Consulting Partner, having completed Docker's certification course on the "Docker Accelerator for CI Engagements." More info about Clutch's success implementing Docker can be found here. Docker is an open platform for developers and system administrators to build, ship and run distributed applications. With Docker, IT organizations shrink application delivery from months to minutes, frictionlessly move workloads between data centers and the cloud and achieve 2...
SYS-CON Events announced today that Interface Masters Technologies, provider of leading network visibility and monitoring solutions, will exhibit at the 17th International CloudExpo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Interface Masters Technologies is a leading provider of high speed networking solutions focused on Gigabit, 10 Gigabit, 40 Gigabit and 100 Gigabit Ethernet network access and connectivity products. For over 20 ye...
As enterprises capture more and more data of all types – structured, semi-structured, and unstructured – data discovery requirements for business intelligence (BI), Big Data, and predictive analytics initiatives grow more complex. A company’s ability to become data-driven and compete on analytics depends on the speed with which it can provision their analytics applications with all relevant information. The task of finding data has traditionally resided with IT, but now organizations increasingl...