Saturn Minerals Begins Drilling at Bannock Creek Exploration Well

- January 8th, 2016

Saturn Minerals (TSXV:SMI) has begun drilling at its Bannock Creek property.

Saturn Minerals (TSXV:SMI) has begun drilling at its Bannock Creek property.
As quoted in the press release:

Saturn has contracted with North Rim Exploration Ltd. and Axiom Exploration both of Saskatoon, Saskatchewan, to provide all logistical support and the drill for the drilling program. The Company’s Advisory Board member, Wayne Slemp, is on site for the entire drilling operation of the 9A-5 well. Mr. Slemp has over 43 years of experience in the oil and gas industry and 37 years directly related to drilling operations.
Saturn identified the well location from a 2D seismic program which was designed to identify and confirm closures for potential light oil traps in the stacked Red River, Winnipeg and Deadwood Formations of the Northeastern Williston Basin. The data confirmed the anticlinal four-way closure of the drillable prospect at the Company’s 120,000 acre Bannock Creek property.
The closure of this structure, which compares very favorably with existing producing light oil pools to the south of Bannock Creek and provides validation of Saturn’s exploration model, has resulted in Saturn selecting this drill target as the Company’s second exploration well which will be drilled and completed conventionally to a depth of less than 1,000 meters.

Click here for the full press release.

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