ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

SMI Saturn Oil And Gas

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type
Saturn Oil And Gas TSXV:SMI TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Saturn Minerals Reports Low-Sulfur Coals From Thunder Discovery in Manitoba

07/05/2012 3:00pm

Marketwired Canada


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: http://media3.marketwire.com/docs/TCSSI.pdf.


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.




----------------------------------------------------------------------------
            Sample Interval   Moisture    Ash Sulfur     Calorific Value    
        --------------------------------------------------------------------
Seam       From     To  Width     (ar)   (ar)   (ar)   (ar)   (ad)      (ad)
        --------------------------------------------------------------------
              m      m      m        %      %      %  kJ/kg  kJ/kg BTU/lb(i)
----------------------------------------------------------------------------
Upper      15.3   18.3    3.0    33.16  22.25   0.94 12,067 18,052     7,760
Thunder    18.3   20.0    1.7    35.99  14.92   0.93 13,948 21,781     9,364
           20.0   24.3    4.3    30.41  28.86   1.31 12,038 17,297     7,433
----------------------------------------------------------------------------
           27.0   29.0    2.0        poor core recovery - not sampled       
                             -----------------------------------------------
           29.0   31.6    2.6    37.55  13.93   0.95 13,818 22,127     9,512
Lower                        -----------------------------------------------
Thunder    31.6   31.9    0.3         mineral partings - not sampled        
                             -----------------------------------------------
           31.9   35.0    3.1    28.38  31.25   2.93 10,009 13,975     6,008
           35.0   43.6    8.6    31.75  15.66   2.49 15,357 22,502     9,674
----------------------------------------------------------------------------
(i) approximate calculated value (kJ/kg x 0.4299 = BTU/lb)                  



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

1 Year Saturn Minerals Inc. Chart

1 Year Saturn Minerals Inc. Chart

1 Month Saturn Minerals Inc. Chart

1 Month Saturn Minerals Inc. Chart