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Source Energy Services Ltd.

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Summary

Project:

Sumner

Deposit:Sumner
Location:United States
Commodities:Silica
Date:3/22/2019
Report Code:NI43-101
Report Type:Resource Estimation
Project Stage:Active Mining & Production
Report details:22-3-2019: Source Energy Services Ltd. announces a Resource Estimation report for its Sumner deposit at the Sumner project. Updated mineral resource estimate at project. This Technical Report was prepared by APEX Geoscience Ltd. and John T. Boyd Company f
Resources:(Resource): 47.99Mt (Ind.) and 41.72Mt (Inf.) Silica Sand at project
CP/QP:[Resources]: Roy Eccles, Steven J. Nicholls (APEX Geoscience Ltd.)
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. 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. 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 Sumner Property is the focus of this Technical Report with the objective to present 2018 indicated and inferred silica sand resource estimates. The 2018 resource estimates, and this Technical Report, replaces and supersedes previous SES Sumner Mine and Property Technical Reports (Eccles et al., 2017). The 2018 Sumner resources constitute a change to the mineral resources due to conventional mining depletion and utilizes additional auger drillhole work conducted by SES on the Sumner Property.

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