Seismic Survey Commences at Vatic’S Saksrithai Potash Project.
VATIC VENTURES CORP.
VATICVENTURES.COM
VATIC VENTURES CORP.
200-1008 HOMER STREET
VANCOUVER, BC V6B 2X1
CANADA
PHONE: 604-566-9399
FAX: 604-568-8500
EMAIL: [email protected]
SEISMIC SURVEY COMMENCES AT VATIC’S SAKSRITHAI POTASH PROJECT.
Vancouver, March 16, 2017. Vatic Ventures Corp. (NEX:VCV.H) (the Company) is pleased to
announce that it has now commenced the first phase of its exploration and development project for the
Saksrithai potash project in Thailand: a 2-D seismic survey of the license area.
The seismic programme is designed to demonstrate the continuity of the underlying geological structure
and provide information regarding the depth to, and thickness of, the potash -bearing layer. The
programme will consist of up to 40 line-kilometres of seismic survey.
The seismic contractor, Geocon Co. Ltd. (Geocon), has mobilised its crew and equip ment to the project
area and has completed a 1km test line to demonstrate the depth to the target horizons and determine
the optimum geophone spacing for the survey.
Geocon is a well-qualified seismic contractor with some 30 years in potash exploration, w ith particular
knowledge of the potash deposits within the Khorat evaporite basin where the Company’s Sakarithai
project is situated. Geocon has provided services to a number of potash projects in Thailand and Laos,
including Asia Pacific Resources’ successful project at Udon Thani, Thailand.
Dr. Gerry Wright, the Company’s CEO, commented “We are excited to commence the exploration of the
Saksrithai potash project. The seismic survey will enhance our technical knowledge of the project area
and facilitate planning for the initial drilling programme for the project”.
About Saksrithai Development Co. Ltd: Saksrithai Development Co. Ltd. (Saksrithai), is a private Thai
company which is the holder of two contiguous Special Prospecting Licences (SPLs) for potash
exploration, issued in 2015. The licenses encompass an area of 32 km2 in Nakon Ratchasima province,
northeast Thailand and are adjacent to Thai Kali Company’s Dan Khun Thod potash mine which is
currently under construction.
The Company’s 80% shareholding in Saksrithai has now been registered with the Thai Ministry of
Commerce. Vatic is entitled to nominate four of the five Directors of Saksrithai and Dr. Gerry Wright acts
as Saksrithai’s Managing Director.
ON BEHALF OF THE BOARD OF DIRECTORS
Dr. Gerry Wright,
CEO and Director.
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