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Saturn Minerals Inc.

Publié le 23 avril 2013

Announces Results of Seismic Program on Saskatchewan Oil and Gas Property

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News Release | April 23, 2013
 
Saturn Minerals Inc. Announces Results
of Seismic Program on Saskatchewan Oil & Gas Property

April, 23, 2013, Vancouver � Saturn Minerals Inc. (TSX.V: SMI) (FSE: SMK) (�Saturn� or the �Company�) is pleased to announce the completion of the first phase of a 2D seismic survey (the �Seismic Survey� or �Survey�) over oil & gas Exploration Permit 71 (the �Little Swan Property�) in the northern Williston Basin in eastern Saskatchewan.  The 15 km long vibroseis line in the strike direction was completed by GeoStrata Resources Inc. of Calgary, Alberta under the supervision of Vector Exploration Corp.

The Seismic Survey was designed to test the presence of large-scale structural anomalies on the northwest section of the Little Swan Property as interpreted from a 2012 airborne gravity and electro-magnetic survey.  The Company is pleased to announce that preliminary processing of the Seismic Survey results indicate that the seismic line crosses over three significant basement structures.  Each of the structures positively impacts several sedimentary formations above the Precambrian basement including Ordovician sandstones and the complete Ordovician to Devonian carbonate succession.  These results support the Company�s geological model for identifying potential oil bearing traps in the northern Williston Basin that may be related to nearby oil shows and oil seeps.  The Company is very encouraged by these results and plans to follow up with additional 2D seismic and drilling.

Documented live oil shows in nearby well bores and oil seeps at surface in eastern Saskatchewan, including Saturn�s 2010 oil seep discovery (see Saturn News Release, October 26, 2011), in conjunction with the structural features imaged on the seismic line contribute to the potential of the northern Williston Basin and provide Saturn with confidence of encountering oil bearing traps containing economic accumulations of light oil within the sedimentary package underlying the Little Swan Property.  Vector Exploration Corp. will also be providing a full geophysical and geological interpretation of the newly acquired seismic data as required by the Petroleum & Natural Gas Regulations of Saskatchewan.

In addition to the Little Swan Property held under oil & gas exploration permit 71, Saturn also holds the Bannock Creek Property under oil & gas exploration permit 72 which together encompass 370,000 acres of exclusive oil & gas rights in the northern Williston Basin.  The properties are subject to an agreement with Vector Exploration Corp. (see Saturn News Release, November 27, 2012) whereby Vector Exploration has a 5% interest in the properties.


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 370,000 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.

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


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


 

Saturn Minerals Inc.   Suite 325-744 West Hastings Street, Vancouver, BC   V6C 1A5   Tel:  (604) 685-6989
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Saturn Minerals Inc. Acquires 100% Interest

in the Saskatoba Coal Project

Saturn Minerals Inc, 744 West Hastings, , Suite 325, Vancouver, British Columbia V6C1A5

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Saturn Minerals Inc.

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CODE : SMI.V
ISIN : CA80410K1012
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Saturn Min. est une société d’exploration minière d'or et de cuivre basée au Canada.

Saturn Min. détient divers projets d'exploration au Canada.

Ses principaux projets en exploration sont GEM, BEAVIS, SASKATOBA et OVERFLOWING au Canada.

Saturn Min. est cotée au Canada. Sa capitalisation boursière aujourd'hui est 30,5 millions CA$ (23,5 millions US$, 20,3 millions €).

La valeur de son action a atteint son plus haut niveau récent le 26 juin 2008 à 0,81 CA$, et son plus bas niveau récent le 17 septembre 2010 à 0,05 CA$.

Saturn Min. possède 145 210 000 actions en circulation.

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Financements de Saturn Minerals Inc.
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26/07/2016Announces Flow Through Private Placement
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23/01/2014Announces Private Placement Grants Stock Options
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Nominations de Saturn Minerals Inc.
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02/05/2011Appoints Silvia Quandt & Cie. AG as Designated Sponsor for X...
Projets de Saturn Minerals Inc.
15/08/2013Announces Seismic Program on Bannock Creek Oil & Gas Propert...
23/04/2013Announces Results of Seismic Program on Saskatchewan Oil and...
10/07/2012Der Aktionar - Saturn Minerals: Emerging Resource Explorer
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07/03/2012(Saskatoba)Commences Drilling in Saskatchewan and Manitoba, Saskatoba C...
01/03/2012Acquires 100% of Little Swan Oil & Gas Property in Eastern S...
12/01/2012(Saskatoba)Announces Saskatoba 2012 Winter Exploration Program
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16/08/2011(Saskatoba)TSX.V: SMI - Acquires 100% Interest in the Saskatoba Coal Pr...
29/03/2011(Overflowing)Makes New Coal Discovery at Saskatoba Project, 88.98 Metre L...
01/03/2011(Overflowing)Mobilizes Drill Program on Overflowing Property, Summarizes ...
27/01/2011(Saskatoba)Completes 1,351 line-km Airborne Gravity Survey, 3,248 Hecta...
Communiqués de Presse de Saturn Minerals Inc.
01/02/2016All Eyes on Saturn Minerals' Williston Basin Drilling
27/01/2016Saturn Minerals Inc. Announces Update on Bannock Creek Drill...
14/12/2015Saturn Minerals Inc. Announces Update of Bannock Creek Oil E...
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30/09/2015Saturn Minerals Inc. Granted Approval for an Oil Exploration...
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06/08/2015Saturn Receives Final Approval and Closes Flow-Through and N...
28/07/2015Saturn Minerals Inc. Announces Flow-Through and Non Flow-Thr...
15/07/2015Land Values Are Set To Skyrocket In This New Oil Region
31/03/2015Completes Seismic Program at Little Swan Saskatchewan Oil & ...
03/03/2015Low Oil Prices Present An Opportunity Here
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24/02/2015Saturn Minerals Announces Additions to Advisory Board
11/02/2015Oil’s Survival Of The Fittest: Interview With Saturn Mineral...
10/02/2015Reports Updated Seismic Interpretation From its Saskatchewan...
10/02/2015Saturn Minerals Reports Updated Seismic Interpretation From ...
27/01/2015Saturn Minerals Completes Seismic Survey on Bannock Creek Oi...
05/11/2014Saturn Minerals Executes LOI on Farm Out of Saskatchewan Wil...
16/10/2014Saturn Minerals Inc. Receives Final Approval and Closes Seco...
10/10/2014Saturn Minerals Inc. Announces Additional Seismic and Drilli...
11/09/2014Saturn Minerals Inc. Identifies Large Structure Among Severa...
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15/08/2014Saturn Minerals Inc. Announces Private Placement For Saskatc...
27/05/2014Saturn Minerals Inc. and Vector Exploration Corp. Announce a...
14/05/2014Saturn Receives Final Approval and Closes Flow-Through and O...
10/04/2014Saturn Minerals Inc. Retains FronTier Merchant Capital Group...
14/06/2013Recent Media Coverage
13/02/2013Announces Seismic Program on Saskatchewan Oil & Gas Properti...
18/10/2012Receives Airborne Results
04/10/2012Saturn Minerals Discovers Oil Source Rock During Coal Explor...
04/10/2012Discovers Oil Source Rock During Coal Exploration
24/04/2012Financial Coverage
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25/05/2011Appoints Dr. Krzysztof Mastalerz, PhD, P.Geo., to Board of D...
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