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Source Energy Services Ltd.
Summary
| Project: | Sumner | |
|---|---|---|
| Deposit: | Sumner | |
| 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 Sumner deposit at the Sumner project. Updated inferred and Indicated Mineral Resource for the project. This Technical Report was prepared by APEX Geoscience Ltd. and Joh | |
| Resources: | (Resource): 23.73Mt (Ind.) and 103.72Mt (Inf.) at project | |
| CP/QP: | [Resources]: R Eccles, R Hough, S Nicholls, R Farmer (APEX Geoscience Ltd.; John T Boyd Company) | |
| ABSTRACT: | This Technical Report was prepared by APEX Geoscience Ltd. and John T. Boyd Company for Source Energy Services Ltd. (“SES”), a company headquartered in Calgary, Alberta, Canada that currently owns and operates 3 silica sand (or frac sand, or proppant) 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 Sumner Mine and the associated Sumner Property (“Sumner Property” or the “Property”) is the primary subject of this Technical Report, the intent and purpose of which is to prepare a mineral (silica sand) resource estimate for the Sumner Property. The Technical Report has been prepared in accordance with the Canadian Securities Administration’s National Instrument 43-101 with the mineral resource being estimated using the Canadian Institute of Mining, Metallurgy and Petroleum’s “Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines” dated November 23rd, 2003 and the “Definition Standards for Mineral Resources and Mineral Reserves” amended and adopted May 10th, 2014. The Effective Date of this Technical Report is 31 December 2017. In 2008, SES expanded – from operating trans-loading rail terminals – into frac sand mining and in 2013 opened its Sumner Open Pit Mine, Sumner Mine Wet Processing Plant, and Dry Processing Plant and Trans-Loading Facility. The Sumner Mine and Sumner Mine Wet Processing Plant are in Barron County, WI, directly south of paved U.S. Highway 8. | |
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