Claim Post Resources Inc. Applies for Mineral Exploration Work Permit
08 July 2014 - 11:15PM
Marketwired Canada
Claim Post Resources Inc. (TSX VENTURE:CPS) (the "Company") is pleased to
announce that the Company has applied for a Mineral Exploration Work Permit
through Manitoba Conservation and the Mineral Resources Division of Innovation,
Energy, and Mines (IEM). The Work Permit is valid for a one year period for
exploration work such as line cutting, exploration and geotechnical drilling.
Through the application of the Mineral Exploration Work Permit, IEM will conduct
Crown Consultation on the application mainly with Hollow Water First Nation and
the Villages of Seymourville and Manigotagan. Consultation is usually a 4 to 6
week process. Manitoba views the consultation process as helping build positive
relationships between the Government of Manitoba, Aboriginal Communities and
companies like Claim Post Resources.
The application for the Work Permit creates a formal process of Aboriginal
Consultation for mineral exploration activities in the Province of Manitoba. IEM
will facilitate the Manitoba Consultation process and will communicate any
requirements or conditions that arise from consultation or from other government
departments directly to Claim Post Resources. Consultation will seek input from
the Communities on concerns regarding potential adverse effect relating to the
exploration program and measures to mitigate those concerns.
An effective consultation process will allow the stakeholders to make informed
decisions about the potential effects on the exercise of treaty and aboriginal
rights without unduly delaying or discouraging investment in Manitoba's mineral
resources, which benefits all Manitobans, including Aboriginal people who live
and work near the areas of mineral exploration or development.
The President of Claim Post Resources, Charles Gryba, stated: "Over the past 12
months Claim Post Resources has engaged in a number of proactive informal
discussions with Hollow Water, Seymourville, cottage owners and a number of
Manitoba Government departments. In addition, our Project Engineer lives on the
Hollow Water reserve thus he is continuously meeting with the community members.
We are now entering the formal government process of conducting open houses with
both the First Nations and nearby recreational cottage communities."
Claim Post has recently posted (SEDAR, June 20th, 2014) a preliminary NI 43-101
Inferred Resource of 25,000,000 tonnes of high silica sand for the Seymourville
project. The market for natural frac sand continues to grow at a high rate in
North America (approximately 35% per annum) with production reaching about
42,000,000 tons in the US in 2013 and an additional Canadian domestic production
of about 2,500,000 tonnes. Raymond James in their June 30th, 2014 Research
Report estimates a year over year increase in proppants of 14,600,000 tons in
2014 with a further increase of 10,000,000 tons in 2015.
Claim Post is evaluating a transload facility at the Centre Port site in
Winnipeg which will provide unit train loading with access to CN, CPR and the
BNSF railroads. In addition Claim Post will provide bulk truck or container
service to the oil industry in Manitoba, Saskatchewan and the U.S. side of the
Williston Basin. Containers delivered to the well site are very economic within
a 600 km range from the Winnipeg transload facility.
Claim Post's Seymourville Frac Sand Deposit is approximately 1,000 km closer to
the Canadian market than the Wisconsin sand deposits; this indicates the
potential for significant transportation savings in addition to the Canadian
dollar differential. The Canadian oil and gas industry will continue to import
natural frac sand for the foreseeable future thus Seymourville sand will be
priced relative to imported sand plus the freight cost from Wisconsin to Canada.
Charles Gryba, P.Eng., is the Company Qualified Person for this press release.
Claim Post Resources Inc. is a Canadian based mineral exploration company and a
reporting issuer in Ontario, Alberta and British Columbia. The Company is
focused on becoming a leading provider of premium white silica sand proppant to
oil operations in the Williston Basin (both the Canadian and U.S. sides of the
Border), and to the entire Western Canadian Sedimentary Basin from its
Seymourville Frac Sand Project, located 200 km northeast of Winnipeg, Manitoba.
Claim Post also has mineral claims in the Timmins area for gold and base metal
exploration. There are 118,019,160 common shares of the Company currently issued
and outstanding.
Statements in this release that are forward-looking reflect the Company's
current views and expectations with respect to its performance, business, and
future events. Such statements are subject to various risks and assumptions,
some, but not necessarily all, are disclosed elsewhere in the Company's periodic
filings with Canadian securities regulators. Such statements and information
contained herein represent management's best judgment as of the date hereof
based on the information currently available; however actual results and events
may vary significantly.
The Company does not assume the obligation to update any forward-looking
statement. Neither TSX Venture Exchange nor its Regulation Services Provider (as
that term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the accuracy of this release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Claim Post Resources Inc.
Charles Gryba
President and Director
416-801-6366
Claim Post Resources Inc.
Peter Gryba
Corporate Affairs
416-203-3776
www.claimpostresources.com
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