Saturn Minerals To Identify Final Drill Location at Bannock Creek, Mobilizes Seismic Program On Little Swan
JANUARY 27, 2014 – BHS2015-07
Bayhorse Silver Inc. (the “Company” or “Bayhorse“) reports that, Saturn Minerals Inc, “Saturn” the operator of the Little Swan light oil prospect in Saskatchewan in which the Company is farming in on, announces it has completed its previously announced 2D seismic program over Petroleum Exploration Permit 72 (the “Bannock Creek Property”) and that it has received final work permits to complete the seismic program on Petroleum Exploration Permit 71 (the “Little Swan Property”).
Little Swan Technical Report
Saturn has retained GeoStrata Resources Inc. of Calgary to complete the seismic program and has mobilized a work crew to commence work on the Little Swan Property.
Acquisition of data using dynamite on the Bannock Creek Property entailed three (3) lines totaling 30 km. This program brings total 2D seismic data acquired on the Bannock Creek Property to-date to 60 km in six (6) separate lines.
Saturn reports it is currently incorporating this latest seismic data into its existing model to better map a significant target within the Red River / Winnipeg Formations. This structure was first identified in earlier seismic programs and has been the principle focus of all ensuing seismic work which is intended to establish closure and size leading to a drill target. The structure on the Bannock Creek Property is approximately 1,920 acres in size and compares well to the analogous fault bounded “Tyvan” Oil pool in T13 R13W2 producing from the Red River (Yeoman) and Winnipeg Sands.
Saturn states that the interpretation of this data will be completed by Shadow Energy Inc. and announced along with a final drill location in approximately two (2) weeks from this news release.
Chris Barton, P.Geo., is Saturn’s Qualified Person under 51-101 standards who has reviewed and approved the technical content in Saturn’s news release.