Vatic Prepares FOR the Initial Drilling Programme FOR the Saksrithai Potash Project, Following Review of Processed Seismic Data.
VATIC VENTURES CORP.
VATIC VENTURES CORP.
1500-1040 WEST GEORGIA STREET
VANCOUVER, BC V6E 4H1
CANADA
PHONE: (778) 373-6972
FAX: (604) 689-1288
EMAIL: [email protected]
VATIC PREPARES FOR THE INITIAL DRILLING PROGRAMME FOR THE SAKSRITHAI
POTASH PROJECT, FOLLOWING REVIEW OF PROCESSED SEISMIC DATA.
Vancouver, BC, July 26, 2017 - Vatic Ventures Corp. (the "Company" or "Vatic") (NEX VCV.H
and Frankfurt: V8V) is pleased to announce that, further to its News Release dated April 25,
2017, it has now received and reviewed the processed seismic survey data from the recently
completed field programme. This data will form the basis for the initial drilling programme at its
Saksrithai potash exploration project, Thailand.
The seismic contractor, Geocon Limited, completed a total of some 27.5 line-kilometres of
survey within the 32 km2 licence area and the raw field data has now been processed by
Velseis Processing Pty Ltd., in Australia. Data quality is good and the initial review of the data
demonstrates structural continuity with the adjacent Dan Khun Thot potash project, which is
presently under construction.
In the Khorat basin, potash is found near the top of the lower salt horizon , which is
generally encountered between 200 to 350 metres below the surface.
The seismic data indicate a number of areas where the reflectors are relatively horizontal and
these areas will be the focus for the initial drill holes. Also, as expected, some post-depositional
‘domal’ structures are evident within the licence block and other projects within the Khorat basin
have shown that the presence of such structures can lead to enrichment of the potash grade in
the surrounding area.
This seismic data will form the basis for planning the hole locations for the Phase 1 drilling
programme scheduled to commence by late-October, at the end of the current wet season in
the region. The initial drill holes will enable calibration of the seismic data to give more detailed
information regarding depth and thickness of the underlying structures. In addition, up to 12 line-
km of additional seismic survey will be undertaken to finalise the drilling plan.
Aztec Engineering Co., Ltd. has been selected as the contractor for the programme and,
together with the Company’s technical consultants and the seismic contractor, will advise on the
final drilling plan.
Dr. Gerry Wright, the Company’s CEO, commented that the initial seismic survey has produced
valuable sub-surface and structural information, enabling the Company to prepare for its initial
drilling programme, which will allow Vatic to begin quantifying the potential potash resource
within its licence area.
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 Nakhon Ratchasima province, northeast Thailand
and are adjacent to the Thai Kali Company’s Dan Khun Thot potash mine which is currently
under construction. Asean Potash Chaiyaphum Plc’s Bamnet Narong mine, also under
construction, is located some 40 km from the Saksrithai project.
The Company holds an 80% shareholding in Saksrithai and D r. Gerry Wright acts as
Saksrithai's Managing Director.
Qualified Person
The technical content of this release has been reviewed and approved by Mr. Derrick Strickland,
PGeo., a qualified person as defined by National Instrument 43-101.
ON BEHALF OF THE BOARD OF DIRECTORS.
Dr. Gerry Wright, CEO and Director.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company and
continues to assess new opportunities and prospects.
"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.