Saturn and Swift Report Coal Quality Results
Wed May 5, 2:55 PM
ca.news.finance.yahoo.com
VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 5, 2010) - Saturn Minerals Inc. (TSX VENTURE: SMI.V) ("Saturn") & Swift Resources Inc. (TSX VENTURE: SWR.V) ("Swift") (the "Companies"), have received the results of the proximate coal analysis from the winter drill program on the Armit property of their Saskatoba Project. Samples were collected from four drill holes which intersected coal intervals of significant thickness. Selection of the samples was based on visual examination of coal luster, specific gravity and admixture of mineral matter. All coal samples were submitted to Loring Laboratories Ltd. of Calgary, Alberta.
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Interval
---------------- Total Total Total
From To Moisture Ash Sulfur Calorific Value
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%(ar) %(ar) %(ar) kJ/kg kJ/kg
Drill Hole (metres)(metres) (i) (i) (i) (ar)(i) (ad)(ii)
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Arm09-A1-3 112.24 114.67 23.47 27.30 1.88 14,044 17,193
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114.67 117.11 24.34 22.97 1.34 14,751 17,989
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117.11 119.41 27.03 15.28 2.71 16,828 21,141
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119.41 121.92 22.08 29.51 1.79 13,486 16,205
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AR-C-1 109.12 112.78 25.90 23.46 1.05 14,345 18,260
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112.78 115.98 28.01 18.28 2.13 15,203 19,942
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115.98 118.57 26.87 18.69 0.98 15,487 19,842
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AR-B-1 111.65 113.93 19.79 52.05 3.62 6,954 8,520
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AR-X-1 104.03 106.07 32.59 30.11 4.10 10,011 14,298
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106.07 107.75 22.31 48.86 0.67 7,103 8.926
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(i)(ar) - as received
(ii)(ad) - air dried
The Companies' winter drill program proved the existence of two significant coal seams in the north-central part of the Armit property of the Saskatoba Project.
The thicker seam, (Lower Coal Seam) ranges in thickness from 9.45 to 9.72 metres and was intersected in two drill holes at depths ranging from 109 to 112 metres. These two drill holes are situated 220 metres apart. Two additional drill holes (situated 4,400 metres apart) returned coal intersections of 2.29 and 3.72 metres at depths of 104 and 112 metres and display stratigraphic correlation to the Lower Coal Seam.
The thinner seam, (Upper Coal Seam) ranges in thickness from 1.07 to 2.13 metres and was intersected in four drill holes at depths ranging from 98 to 103 metres.
Samples from the Lower Coal Seam returned calorific values from 13,486 to 16,828 kJ/kg "as received". Calorific values for "air dry" and "dry" samples ranged from 16,205 to 21,141 kJ/kg, and from 17,305 to 23,062 kJ/kg, respectively. Moisture content from the Lower Coal seam ranged from 23.47 to 28.01% and ash content ranged from 15.28 to 29.51% "as received". Total sulfur content varies from 0.98 to 2.17%. Visual examination of the core provided evidence that a significant part of the total sulphur content is related to common but random occurrences of pyrite/marcasite concretions.
Preliminary interpretation of the results from the winter drill program may indicate an association of the thicker coal seams with a system of paleovalleys which developed in the Armit area and subsequently filled-in by Cretaceous sediments.
The Companies are currently incorporating newly acquired geophysical (down-hole survey) and geological (lithofacies descriptions of drill core material) data into a modified exploration model to refine and identify additional drill targets in their Saskatchewan and Manitoba properties of the Saskatoba Project.
Dr. Krzysztof Mastalerz, P.Geo., the Companies' Qualified Person under NI 43-101 standards has reviewed and approved the technical content of this release.
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.
Contacts
Stan Szary
Saturn Minerals Inc. / Swift Resources Inc.
(604) 685-6989
(604) 685-6961 (FAX)
www.saturnminerals.com / www.swiftres.com |
