North America Frac Sand Inc (NAFS)

[lukin4winners]

News: CALGARY, Alberta, Feb. 04, 2016 (GLOBE NEWSWIRE) -- North America Frac Sand Inc. (“NAFS” or the “Company”) (OTCQB:NAFS) (www.NAFSINC.ca) is pleased to announce the appointment of Green Engineering Ltd. (“GEL” or “Green Engineering”) to complete a NI 43-101 report on North America Frac Sand (CA) Ltd.’s 30,000 acres of mineral leases located 30 kilometers west of Saskatoon, Saskatchewan (the “Eagle Creek property”). The Company earlier announced a Share Purchase Agreement with Canadian Sandtech Inc (“CSI”) and is expected to conclude the acquisition of North America Frac Sand (CA) Ltd. by February 29, 2016.


In order to facilitate the acquisition, the previous owner of the Eagle Creek, CSI transferred ownership of the Eagle Creek property to North America Frac Sand (CA) Ltd., a wholly owned subsidiary of CSI, in late 2015. There has been significant exploration activity on 1,680 acres of the Eagle Creek property. Since 2008, CSI has drilled 173 holes on the Eagle Creek property. 149 of the drill holes were 300-foot spacing. 7 drill holes and 17 backhoe holes were 600-foot spacing. The average sand thickness per hole was 10.5 feet and the size of the tested area was approximately 12.9 million square feet. With respect to frac sand, there are approximately 75 lbs. of frac sand per cubic foot.

It is the intent of GEL in the NI 43-101 Resource Report to categorized estimated tonnages of mineral sand.