Saturn Minerals Reports Low-Sulfur Coals From Thunder Discovery in Manitoba
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 05/07/12 -- Saturn Minerals Inc. (TSX VENTURE: SMI)(FRANKFURT: SMK) ("Saturn" or the "Company") is pleased to announce the results of the laboratory coal quality analysis from the Thunder Coal discovery on the Company's Overflowing Property, Manitoba. Six representative coal samples were submitted to Loring Laboratories Ltd. of Calgary, Alberta for coal proximate analysis, sulfur content and calorific value. Samples were taken from both the Upper and Lower Thunder Seams, and lengths of the sampled intervals ranged from 1.7 to 8.6 meters.
To view "Thunder Coal Seam Sample Intervals" representation, please click the following link: .
Coal samples from the Upper Thunder Coal Seam are characterized by significantly low sulfur values, relatively low ash content and moderate to high calorific values making its coals some of the best ranking coals discovered in western Manitoba to date. The discovery of the Upper Thunder Coal Seam is also one of the shallowest drill intersections of significant coal seams encountered in western Manitoba and eastern Saskatchewan to date. The upper layer of the Lower Thunder Coal Seam is also characterized by sulfur content less than 1.0%, low ash content and high calorific value.
The reported analytical results from the Thunder Coal discovery support the expectation that the coals being identified within the easternmost marginal regions of the sedimentary basin originated in a paleo-environmental zone characterized by very limited marine influences and, thus, represent coal accumulations of potentially higher quality (low content of both, sulfur and ash) as compared to more westerly locations in the basin. Due to north-eastern structural rise observed in the basin its marginal zones are also expected to host the shallowest coal seams in the basin. The Company intends to investigate the exploration implications of this depositional model in relation to the Overflowing Property and other areas in western Manitoba.
The Company also announces that three reconnaissance exploration holes were completed on the Red Earth property in eastern Saskatchewan. These holes were designed to verify geology encountered and calibrate geophysical data acquired previously for the property. All drill holes penetrated strata of the coal bearing formation targeted though no significant coal thicknesses were intersected. Saturn and Jameson Resources Ltd. ("Jameson") have agreed to extend the Red Earth permits to evaluate the exploration results. As a result of the exploration expenditures, Jameson has earned a 20% interest in the Red Earth property.
Dr. Krzysztof Mastalerz, P.Geo, is the Company's Qualified Person under 43-101 standards who has reviewed and approved the technical content of this release.
About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX VENTURE: SMI)(FRANKFURT: SMK) is a junior Canadian energy & resources company advancing a portfolio of energy and resource assets in Saskatchewan, Manitoba and British Columbia. The Company has made three bituminous coal discoveries at its Saskatoba Project since 2009, including one of the thickest coal seams encountered in Canada at 89 metres thickness. The Company also has strategic ownership in Inowending Exploration & Development Corp., a First Nations-owned exploration and development company active in Canada's prairie provinces.
On Behalf of the Board of Directors
SATURN MINERALS INC.
Stan Szary, Chief Executive Officer
NEITHER THE 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 NEWS RELEASE
Contacts:
Saturn Minerals Inc.
Stefan Szary
+1 (604) 685-6989
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Datum: 07.05.2012 - 14:00 Uhr
Sprache: Deutsch
News-ID 143336
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VANCOUVER, BRITISH COLUMBIA
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Mining & Metals
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