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Source Energy Services Ltd.
Summary
| Project: | Blair | |
|---|---|---|
| Deposit: | Blair | |
| Location: | United States | |
| Commodities: | Silica | |
| Date: | 1/19/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing PEA | |
| Report details: | 19-1-2018: Source Energy Services Ltd. announces a Resource Estimation report for its Blair deposit at the Blair project. Updated inferred Mineral Resource for the project. This Technical Report was prepared by APEX Geoscience Ltd. (“APEX”) and John T. Bo | |
| Resources: | (Resource, Inf.): 27.57Mt Silica Sand at project | |
| CP/QP: | [Resources]: R Eccles, R Hough, S Nicholls, R Farmer (APEX Geoscience Ltd.) | |
| ABSTRACT: | This Technical Report was prepared by APEX Geoscience Ltd. (“APEX”) and John T. Boyd Company for Source Energy Services Ltd. (“SES”), a company headquartered in Calgary, Alberta, Canada. With over a decade of frac sand supply and logistics experience, SES is an integrated supplier and distributor of high quality frac sand in Western Canada and the United States with services that cover the entire proppant supply and logistics chain. Frac sand, or proppant, is used to harvest vast amounts of formerly inaccessible hydrocarbon through a hydraulic fracking process that liberates tight gas and petroleum. The most common proppant that is used to prop open the hydraulic fracture is a specific type of natural silica sand that is durable, rounded and spherical such that it has crush-resistant properties. SES currently owns and operates 3 silica sand mines and 9 trans-loading rail terminals. The mines are in the State of Wisconsin, U.S. and include the Sumner Mine in Barron County, and the Blair and Preston mines in Trempealeau County. The comprehensive rail distribution network is designed to deliver proppant to tight oil and gas exploration plays throughout the Western Canada Sedimentary Basin. The Blair Property is the primary focus of this Technical Report, for which the authors have presented an inferred mineral resource estimate. The Blair Inferred Silica (Frac) Sand Resource estimate has been prepared in accordance with the Canadian Securities Administration’s (“CSA’s”) National Instrument 43-101 (“NI 43-101”) and has been estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (“CIM”) “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 23rd, 2003 and CIM “Definition Standards for Mineral Resources and Mineral Reserves” amended and adopted May 10, 2014. | |
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