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Saturn Minerals & Swift Resources Receive Airborne Geophysical Report, Drill Targets Identified
Saturn Minerals & Swift Resources Receive Airborne Geophysical Report, Drill Targets Identified
About this update from Saturn Oil & Gas Inc.
[{"type":"text","content":"\nSaturn Minerals & Swift Resources Receive Airborne Geophysical Report,\nDrill Targets Identified\n\n\n Sep. 17, 2009 (Filing Services Canada) -- Swift Resources Inc. (SWR - TSX Venture), (\"Swift\") & Saturn Minerals Inc. - SMI: TSX.V (\"Saturn\") (the \"Companies\"), have received the final report from Fugro Airborne Surveys describing the results of the 3,208 line-kilometre airborne geophysical survey of the Companies' coal dispositions near the town of Hudson Bay, Saskatchewan, and quarry applications (for coal) in Manitoba.Fugro's GEOTEM Electromagnetic survey collected geophysical data from the Companies' large land holdings believed to be highly prospective for coal deposits similar to those discovered by Goldsource Mines Inc. (GSX: TSX.V). The drilling of GEOTEM targets on adjacent properties by Goldsource have established Fugro's GEOTEM system as a powerful mapping tool for coal exploration in the area.Data from the GEOTEM survey has provided a substantial amount of additional data over the Companies' properties, including the delineation of several high-priority targets that exhibit a similar geophysical signature to existing coal discoveries in the area.Additionally, preliminary comparison of certain targets identified from a ground-based gravity survey conducted over the Companies' properties (News Release, April 15, 2009) display similarities to high-priority targets as identified in the Fugro GEOTEM report.The Companies have commissioned an independent NI 43-101 report which will describe existing public data, the results of the ground-based gravity geophysical survey completed by the Companies in early 2009, and the final interpretive report from Fugro Airborne Surveys. This NI 43-101 report will serve to identify and target all potential coal hosting sub-basins on the Companies properties, which will be the focus of the Companies' 2009 drill program. The Companies' have been granted 41-diamond drill permits from the Saskatchewan Ministry of Environment, received in early 2009 (News Release, May 15, 2009). These drill permits remain in effect and in good standing for one year from the date of the grant. Additional drill applications will be submitted to the Saskatchewan and Manitoba governments, respectively, for targets identified on the Companies' coal dispositions and applications as identified from the GE...