| Saturn Minerals Inc. Announces Drilling of Bannock Creek Oil Exploration Well | |
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 7, 2016) - Saturn Minerals Inc. (TSX VENTURE:SMI)(SMK.F) ("Saturn" or the "Company") is pleased to announce that further to the Company's news release dated December 14, 2015, the Bannock Creek property ground conditions have enabled the Company to move a rig and crew to the property. The oil exploration well 9A-5-44-8w2 ("9A-5") has now been spudded and drilling is underway. Saturn Minerals Inc. (TSX VENTURE:SMI)(SMK.F) 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 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
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Saturn Minerals Inc.
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EXPLORATION STAGE |
CODE : SMI.V |
ISIN : CA80410K1012 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Saturn Min. is a gold and copper exploration company based in Canada. Saturn Min. holds various exploration projects in Canada. Its main exploration properties are GEM, BEAVIS, SASKATOBA and OVERFLOWING in Canada. Saturn Min. is listed in Canada. Its market capitalisation is CA$ 30.5 millions as of today (US$ 23.5 millions, € 20.3 millions). Its stock quote reached its highest recent level on June 26, 2008 at CA$ 0.81, and its lowest recent point on September 17, 2010 at CA$ 0.05. Saturn Min. has 145 210 000 shares outstanding. |