Saturn Minerals Summarizes Summer Exploration Program on the Armit Property, Eastern Saskatchewan

Saturn Minerals Inc. (TSX VENTURE:SMI)(FRANKFURT:SMK) ("Saturn" or the
"Company") is pleased to summarize results from the Company's 2011 summer
exploration program on the Armit property in eastern Saskatchewan. The summer
exploration program was designed to better assess stratigraphy and structural
potential for hydrocarbons, test accessible coal targets of
low-order/low-potential geophysical signatures and further investigate Devonian
carbonate formations with respect to potential hosts for atypical
mineralization. The exploration program consisted of ten vertical diamond drill
holes totaling approximately 1,120 metres. Access to geophysical targets was
severely limited due to poor surface conditions restricting drilling to the
narrow periphery of the Red River Silica Road located in the northern parts of
the Armit property.


Coal Extension

Coal exploration was largely restricted to the shoulders of the Red River Silica
Road which lies largely beyond the interpreted boundaries of the Leif Coal Basin
as discovered in the central parts of the Armit property. Despite limited
access, the Company was able to test a single secondary coal target within the
projected trend of the Leif Coal Basin and successfully intersected a 7.5 metre
thick coal seam at a depth of approximately 107 metres located approximately 1.5
km southwest of the Lief Coal Basin discovery area which intersected a 9.5 metre
thick coal seam at similar depth in 2009/2010. This new discovery supports a
significant potential extension of thick coals in the Leif Coal Basin. The
Company intends to test winter-access geophysical targets of higher priority
associated with the Leif Coal Basin this winter. 


An additional few drill sites were designed to test potential "connector areas"
which are characterized by gravity signatures slightly lowered than background
and located between low-order/low-potential gravity targets near the Red River
Silica Road. Importantly, drilling proved the presence of coal bearing
formations at depths ranging from 75 to 110 metres in these areas. Coal bearing
formations consist of predominant sands and muds with minor carbonaceous muds,
numerous root-cast (paleosoil) horizons and thin coal seams. Associated black
carbonaceous sands are attributed to early erosion of the original coal/peat
layers. Drill hole #9 tested a single secondary coal target beyond the Leif Coal
Basin and intersected faulted and steeply dipping sediments of the Cretaceous
succession without coal and/or carbonaceous sediment present. Drill hole #10
tested an unorthodox target which was characterized by a strong negative gravity
anomaly but was situated in an area characterized by thicker overburden. This
drill hole intersected a thick succession of the Lower Colorado black shales at
shallow depth, which is characterized by relatively low density and resulted in
a similar airborne gravity signature as other typical coal targets.


Hydrocarbon Potential

The 2011 summer exploration program was also designed to verify reservoir
properties and the integrity of potential Devonian hydrocarbon structural and
stratigraphic traps. As previously reported by the Company, a significant
section of drill core recovered from the Armit property in 2009/2010 displayed
impregnations of degraded hydrocarbons. The results of the 2011 summer
exploration program demonstrates fair to excellent reservoir properties of the
selected Devonian rock formations. Results also indicate that within the limits
of the tested areas the integrity of potential structural and/or stratigraphic
traps have been significantly degraded by post-Devonian karstic and tectonic
processes. No further signs of hydrocarbons were encountered within the
intersected Devonian formations necessitating a return to those areas of the
Armit property which have displayed hydrocarbon presence to further assess
potential origin at depth.


Atypical Mineralization

An additional objective of the 2011 summer exploration program was to evaluate
the Devonian carbonate formations as potential hosts of the Mississippi Valley
type lead-zinc-silver mineralization. Devonian carbonate rocks encountered
beneath the Cretaceous coal-bearing formation on the Armit property display
numerous signs of sulphide mineralization, as well as show significant
development of secondary porosity which makes the Devonian succession a
potential host of low-temperature accumulations of lead-zinc-silver ores similar
in character to the Pine Point deposit which was discovered in similar settings
in the northern portion of the Western Canadian Sedimentary Basin. The 2011
summer exploration program encountered several small-scale pyrite and marcasite
mineralization zones locally with traces of sphalerite in fractured carbonate
rocks. The Company intends to further assess the nature of this atypical
mineralization in the winter.


Dr. Krzysztof Mastalerz, P.Geo., the Company's Qualified Person under NI 43-101
standards 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 two
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 continues to build strategic relationships throughout Saskatchewan &
Manitoba to pursue new opportunities and advance current projects in the Western
Canadian Sedimentary Basin.


SATURN MINERALS INC. 

On Behalf of the Board of Directors

Stan Szary, Chief Executive Officer
Saturn Minerals Inc. (TSXV:SMI)
Graphique Historique de l'Action
De Mai 2024 à Juin 2024