Duvernay Frac Sand

Project Details

Location

Alberta Duvernay

Access

Primary and secondary highway access

AMI Silica

www.amisilica.com

Technical Reports

November 6, 2019 EDMONTON, ALBERTA. Athabasca Minerals Inc. (“AMI” or the “Corporation”) (TSX Venture: ABM) is pleased to announce that it has filed its Technical Report prepared in accordance with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) for the White Rabbit Property associated with AMI’s Duvernay Premium Domestic Sand Project (“Duvernay Project”).

Subsequent to the Press Release dated September 10, 2019 outlining the findings of the NI 43-101 Technical Report for the White Rabbit Property, AMI has received Long-Term Conductivity and Permeability results from Stim-Lab, Inc. (“Stim-Lab”). The results received from Stim-Lab suggest high suitability for use as a hydraulic fracturing proppant and remain encouraging based on positive feedback from several potential customers. This reinforces AMI’s objective to provide local Canadian premium domestic sand.

A breakdown of the associated Permeability and Conductivity results are as follows:

PermeabilityMesh Sizes
30 / 50
Mesh
40 / 70
Mesh
40 / 140
Mesh
50 / 140
Mesh
70 / 140 Mesh
Permeability (Darcy) @ 2000 psi6936201813
Permeability (Darcy) @ 4000 psi532714149.4
Permeability (Darcy) @ 6000 psi35209.39.96.5
Permeability (Darcy) @ 8000 psi20125.66.44.2
      
ConductivityMesh Sizes
30 / 50
Mesh
40 / 70
Mesh
40 / 140
Mesh
50 / 140
Mesh
70 / 140 Mesh
Conductivity (md-ft) @ 2000 psi1285666360328243
Conductivity (md-ft) @ 4000 psi971501256251177
Conductivity (md-ft) @ 6000 psi622353167179120
Conductivity (md-ft) @ 8000 psi3522159811376

Further to the resource delineation program conducted in Q2-2019 that supports the NI 43-101, AMI completed in October-2019 six additional sonic core holes on the White Rabbit property, ranging from 55 feet to 63 feet in depth. This latest supplemental drilling enables AMI to advance its mine plan, facility design and plant location for an efficient integrated operation.

Also, in late October-2019, AMI completed its first phase of delineation drilling for its proposed Montney in-Basin Premium Sand Project. Subject to analysis of these phase-1 results, the Corporation will proceed with a second phase of delineation drilling and subsequently preparing a NI 43-101 Technical Report in the first half of 2020.

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