Saturn Minerals Inc. Announces Update on Bannock Creek Oil Property
(firmenpresse) -
Saturn Minerals Inc. Announces Update on Bannock Creek Oil Property
September 15, 2015, Vancouver - Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) (Saturn or the Company) is pleased to announce that further to the news release dated September 02, 2015 the Company has finished a site visit to the locations to determine, among other things, ground conditions, crop status and access with the objective of initiating the drilling program. The Company discussed the accessibility to the drill locations with the Rural Municipality of Porcupine Plain (RM) and local landowners.
Due to large amounts of precipitation in the area over the past months, the Company and its partners will proceed with the logistics of the proposed drilling program as soon as the freeze up starts and the ground conditions allow for heavy-duty transport of trucks and equipment. The exploration area is near graveled roads, but it is necessary that all trucks and service providers have full and reliable access to the drilling locations.
The Company wants to prevent unnecessary costs and stay focused on the economics of an efficient drilling program. In discussions with the RM the Company was advised that upon freeze up the RM would be in a better position to allow side road transport and would work with the Company for access in utilizing the RMs road equipment to clear side roads. It is the intention of the Company to closely monitor ground conditions in the Bannock Creek area and maintain close communication with the RM and local landowners in order to initiate the drilling program in a timely manner.
-About Saturn Minerals Inc.
Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) is a junior Canadian energy company advancing a portfolio of oil and coal properties in Saskatchewan and Manitoba. The Company owns 376,800 acres of exclusive oil & gas rights in Saskatchewan and is advancing a number of oil exploration projects. Saturn has also made three shallow bituminous coal discoveries since 2009 with coal seams ranging in continuous vertical thickness from 9 to 89 meters. Saturn has a strategic ownership in Inowending Exploration & Development Corp., a First Nations owned exploration and development company co-founded by Saturn with a consortium of Saskatchewan First Nations active in Canadas prairie provinces.
To learn more, please contact the Company at +1 (604) 685-6989 or visit: www.saturnminerals.com
On Behalf of the Board of Directors
SATURN MINERALS INC.
s/ Stan Szary
-Chief Executive Officer
Suite 312 - 744 West Hastings St. Vancouver, B.C. Canada V6C 1A5
Tel: +1 (604) 685-6989 | Fax: +1 (604) 685-6961
www.saturnminerals.com
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
Leseranfragen:
Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) ist ein kanadisches Junior-Energieunternehmen, das eine Reihe von Erdöl- und Kohleprojekten in Saskatchewan und Manitoba erschließt
Datum: 15.09.2015 - 15:05 Uhr
Sprache: Deutsch
News-ID 420181
Anzahl Zeichen: 3082
contact information:
Town:
Wien
Kategorie:
Business News
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