Swift Resources & Saturn Minerals Complete Airborne Geophysical Survey
Wed Jul 15, 2:32 PM
ca.news.finance.yahoo.com
Vancouver, British Columbia CANADA, July 15, 2009 /FSC/ - Swift Resources Inc. (SWR - TSX Venture), ("Swift") & Saturn Minerals Inc. (SMI-TSX Venture)("Saturn") (the "Companies"), announce the completion of a 3,208 line-kilometre airborne geophysical survey by Fugro Airborne Surveys over the Companies' coal dispositions near the town of the Hudson Bay, Saskatchewan, and coal application properties in Manitoba.
The survey was completed over the Companies' Armit, Erwood, Mistatim, Red Earth and Pasquia properties (Saskatchewan), and Armit, Muskeg, Overflowing and Turnberry properties in Manitoba.
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usetdas.com The survey entailed the acquisition of GEOTEM Electromagnetic Magnetic geophysical data over areas believed to be highly prospective for coal. The successful drilling of GEOTEM targets on adjacent properties by Goldsource Mines Inc. (GXS: TSX-V) and Westcore Energy Ltd. (WTR: TSX-V) have resulted in the discovery of coal intersections up to 100 metres in vertical thickness. These discoveries have established the GEOTEM system as a powerful stratigraphic mapping tool for coal exploration in the Hudson Bay region.
Fugro Airborne Surveys is currently completing specialized geophysical processing and interpretation of all data obtained from the Companies' properties. This data, combined with data obtained by a ground-gravity geophysical survey completed by the Companies in early 2009 (see News Release April 15, 2009), will be incorporated into a NI 43-101 report to identify and target all potential coal hosting sub-basins, which will be the focus of the Companies' 2009 drill program.
SATURN MINERALS INC. SWIFT RESOURCES INC. "Mike Elson"
President
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.
For more information, please contact Saturn Minerals Inc./Swift Resources Inc. Stan Szary, Director (604) 685-6989
Source: Swift Resources Inc. (SWR - TSX-V) Maximum News Dissemination by Filing Services Canada Inc. * www.usetdas.com |
