Vatic Commences Potash Exploration Project IN Thailand.
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]
VATIC COMMENCES POTASH EXPLORATION PROJECT IN THAILAND.
Vancouver, February 21, 2017. Further to its News Release dated June 7th, 2016, Vatic Ventures Corp.
(the “Company”) (NEX: VCV.H) is pleased to announce the commencement of the Company’s Saksrithai
potash exploration project, in Nakon Ratchasima province, Thailand.
The first phase of the project will include an initial seismic survey of the project area and an initial drilling
programme. Other activities will include a community relations programme, regional geological review
and survey, satellite data interpretation, area mapping, a baseline environmental survey and preliminary
transportation and marketing studies.
The Company has engaged Mr. Jitisak Premanee, an experienced Thai geologist with expertise in potash
exploration in Thailand and Laos, as its Senior Geological Consultant. Mr. Premanee will supervise all
field programmes, as well as being responsible for the community information programmes.
Community information programme: The community information and consultation programme, to
discuss the project implications with the local communities, is already underway. The Company feels that
it is essential for local communities be fully appraised regarding the proposed exploration activities and
invited to provide their input and support for the project. The programme will continue throughout the
overall exploration period.
Initial seismic survey: The initial field programme, a 2-D seismic survey, will commence in early-March.
The programme will consist of up to 50 line -kilometres of seismic survey and the contractor will be
Geocon Co. Ltd, a very experienced seismic contractor with lengthy experience in potash exploration and
particular knowledge of the potash deposits within the Khorat evaporite basin. Geocon has provided
services to a number of potash projects in Thailand and Laos, including Asia Pacific Resources’
successful project at Udon Thani, Thailand.
The seismic survey will demonstrate the continuity of the underlying geological structure, as well as
estimates of the probable depth to, and thickness of, the potash-bearing layer.
Initial drilling programme: It is anticipated that the initial seismic program me can be completed
within a month and based on the results; the Company will finalise the scope of the initial drilling
programme. It is planned to complete some 3,000 metres of drilling, comprising ten drill holes averaging
about 300 metres deep. The drilling contractor will be Aztec Drilling Co. Ltd. (Aztec), one of the most
experienced drilling contractors in the region. Aztec has been involved in a number of potash projects
including the Asia Pacific Resources’ project, where it drilled some 150 drill holes.
Saksrithai Potash Exploration Project: As mentioned in the Company’s News Release of Jan.
19, 2017, the Company has acquired an 80% interest in Saksrithai Development Co. Ltd. (Saksrithai), a
private Thai company which is the holder of two contiguous Special Prospecting Licences (SPLs) for
potash exploration.
The project area is located in the western part of the Khorat Plateau which is underlain by a large potash
bearing evaporate basin of Cretaceous age.
The licences encompass an area of 32 km2 in Nakon Ratchasima Province and are adjacent to Thai Kali
Company’s Dan Khun Thod potash project.
Vatic’s CEO, Dr. Gerry Wright, commented “We are pleased to have commenced the first phase of the
exploration activities at the Saksrithai project and look forward to starting the field programmes in March.
The seismic survey will provide the sub-surface structural information to enable the Company to finalise
the scope of its initial drilling programme. The completion of these field programmes should enable the
Company to develop and preliminary resource estimate for the project”.
Qualified Person
The technical content of this release has been reviewed and approved by Dr. Gerry Wright, PEng., the
Company’s CEO and President.
ON BEHALF OF THE BOARD OF DIRECTORS
Dr. Gerry Wright,
CEO and Director.
"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
release." The information contained herein contains "forward-looking statements" within the meaning of
applicable securities legislation. Forward-looking statements relate to information that is based on
assumptions of management, forecasts of future results, and estimates of amounts not yet determinable.
Any statements that express predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance are not statements of historical fact and may be "forward -
looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that
could cause actual events or results to differ from those reflected in the forward -looking statements.
Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-
looking statements are made as of the date hereof and the Company does not assume any obligation to
update or revise them to reflect new events or circumstances. Actual events or results could differ
materially from the Company's expectations or projections.