VANCOUVER, BRITISH COLUMBIA--(Marketwired - Sep 11, 2014) - Saturn Minerals Inc. (TSX VENTURE:SMI)(SMK.F) ("Saturn" or the "Company") is pleased to announce the completion of the second phase of a 2D seismic program over Petroleum Exploration Permit 72 (the "Bannock Creek Property") consisting of 122,880 acres in the northern Williston Basin in eastern Saskatchewan. This program follows the recently completed programs at Little Swan and phase one of Bannock Creek. The current phase of acquisition using dynamite consists of two lines measuring 13.1 km and 9.8 km long in the dip direction was completed by GeoStrata Resources Inc., in conjunction with processing by Earth Signal and interpretation by Shadow Energy all of Calgary, Alberta.
The Seismic Survey, which compliments phase 1, was designed to confirm the presence of large-scale structural anomalies on the north central portion of the Bannock Creek Property. The Company is encouraged to announce that final interpretation of Lines #1 and #3 with the previous phase of data indicates that the seismic lines cross over several deep seated structures in the dip direction. Each of the fault bounded structures provides stacked structural relief at the Ordovician Winnipeg and Deadwood Sandstones and the Red River (Yeoman) Formation.
A larger closed structure was encountered at the Red River interval and evidence of stratigraphic traps also exists at the Precambrian Deadwood sandstone which pinches out against the basement structures. The encouragement expressed by Saturn is that the seismic interpretation compares directly to the analogous fault bounded "Tyvan" Oil pools, which produce, from the Red River (Yeoman) and Winnipeg Sands to the south in the same stratigraphic basin.
The Tyvan pools contain upwards of 15 Million barrels of recoverable light crude from each structure with individual wells producing at 150 Barrels of oil per day and some accumulating over 250,000 barrels each (Geoscout 2014). The normal faulting orientation visible on the seismic line will likely result in closures at these intervals based upon geological basement structural patterns in the region and as a result Saturn has identified a preliminary drilling location (link to map of structure); however currently the position being taken by Saturn is to perhaps acquire an additional line to indeed confirm closure prior to drilling.
All of this evidence is extremely encouraging to Saturn and the company plans to amend its previously designed seismic programs at Little Swan and remaining acquisition at Bannock Creek to concentrate specifically on the recently identified structures in order to confirm closed features in the strike direction as it prepares to drill its first expected exploration well at Bannock Creek. Additional regional data is still planned for Little Swan but an enhanced concentration effort will now occur at Bannock Creek.
The Company is presently finalizing the next phase of exploration for its oil & gas project which will include drilling of the Red River target at Bannock Creek and will announce final plans when completed.
Craig Boland, P. Geol. of Boland Exploration Consulting BEC is the Company's Qualified Person under 51-101 standards who has reviewed and approved the technical content of this release.
About Saturn Minerals Inc.
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
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