Select Sands Acquires 457 Acres 3 Miles Northwest of Sandtown Project, Northeast Arksansas, US
Vancouver, BC – Select Sands Corp. (TSX-V:SNS / OTCQX: SLSDF) (the “Company”) today announced its wholly-owned subsidiary American Select Corp. has completed the purchase of an additional 457 acres of property approximately three miles from its 520 acre Sandtown location. Referred to as the Bell Farm, the Company believes that the property is underlain by the St. Peters formation based on certain information available to the Company and information in the public domain. The St. Peter Sandstone formation is a source of Northern White Tier-1 frac sand. The Company plans to do further work to determine the quality and quantity of sand, if any, contained within the property boundary. The Company is not able to confirm at this time whether this property will have an economically viable amount of sand. The total purchase price was approximately $950,560 USD which included agent’s fees of $36,560 USD.
Mark Horan, P.Eng. of Tetra Tech, Inc. (NASDAQ: TTEK), a Qualified Person as defined by National Instrument 43-101, has reviewed and approved the scientific and technical disclosure in this News Release.
About Select Sands Corp.
Select Sands Corp. is an industrial Silica Product company developing Northern White, Tier-1, silica sand property located in Arkansas, U.S.A. Select Sands’ Arkansas property has a significant logistical advantage of being closer to oil and gas markets located in Texas, Oklahoma, New Mexico, and Louisiana when compared to northern sources such as those in Wisconsin.
For more information about Select Sands Corp., please visit www.selectsandscorp.com or contact:
President & CEO.
Phone: (604) 639-4533
Certain information set out in this news release constitutes forward-looking information. Forward looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “intend”, “could”, “might”, “should”, “believe” and similar expressions. In particular, this news release contains forward-looking statements in respect of among other things, the plans for work to be completed on the acquired property. Forward-looking statements are based upon the opinions and expectations of management of the Company as at the effective date of such statements and, in certain cases, information provided or disseminated by third parties. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, and that information obtained from third party sources is reliable, they can give no assurance that those expectations will prove to have been correct. Readers are cautioned not to place undue reliance on forward-looking statements included in this document, as there can be no assurance that the plans, intentions or expectations upon which the forward-looking statements are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. These risks and uncertainties include, among other things, risk factors set forth in the Company’s Management’s Discussion and Analysis for the period ended September 30, 2016 under the heading “Risks and Uncertainties”, a copy of which is filed on SEDAR at www.SEDAR.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. These statements are made as at the date hereof and unless otherwise required by law, the Company does not intend, or assume any obligation, to update these forward-looking statements.
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 adequacy or accuracy of this Release.