Montney In-Basin Frac Sand

Project Details

Location

Northwest Alberta and Northeast British Columbia

Access

Primary and secondary highway access

Size

Over 150,000 contiguous hectares

AMI Silica

www.amisilica.com

Athabasca Minerals Inc. has purchased 49.2% ownership of a private Alberta corporation (“Privco”) that owns the Montney In-Basin frac sand project (“MIB Project”) located in the vicinity of Dawson Creek and Fort St John. The MIB Project broadens the strategic growth and advancement of the Corporation’s wholly-owned subsidiary, AMI Silica Inc, in becoming the ‘in-basin’ leader for the supply of Premium Domestic Sand and frac sand solutions. STIM-LAB Inc. and Loring Laboratories Ltd. completed testing on a 70/170 fraction size domestic sand, which had sphericity of 0.7, roundness of 0.6, acid solubility of 2.3%, Silicon Dioxide (SiO2) content of 98.5%, and a crush value of 8K. These preliminary results indicate that the MIB Project sand aligns with API Standard 19C, which provides the specifications for sands used in hydraulic fracturing. The Montney basin represents over 50% of the entire frac sand demand in Canada. 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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