| Announcement Date: | 2022-03-09 |
|---|---|
| Announcement Type: | Deposit Estimation |
| Announcement Code: | NI43-101 |
| Company name: | Source Energy Services Ltd. |
| Project name: | Preston |
| Location: | United States |
| Commodities: | Silica |
| Highlight: | Updated mineral resource estimate at project |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | This Technical Report was prepared 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 7 active (9 total) 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 Preston Property is the focus of this Technical Report with the objective to present 2021 Indicated and Inferred mineral resource estimates. The 2021 resource estimates replace and supersede all previous SES Preston Mine and Property technical reports. The updated resources constitute a change to the mineral resources due to conventional mining depletion during 2021 |
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