Vatic Undertakes Additional Seismic Data Analysis as IT Commences Its Initial Drilling Program
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 UNDERTAKES ADDITIONAL SEISMIC DATA ANALYSIS
AS IT COMMENCES ITS INITIAL DRILLING PROGRAM
Vancouver, BC, April 25, 2018 - Vatic Ventures Corp. (the "Company" or "Vatic") (TSX-V: VCV, OTCBB:
VTTCF, and FWB: V8V2) is pleased to announce that it has contracted for additional processing of data
from its initial seismic survey program (see press release dated July 26, 2017) to assist in the planning and
execution of its upcoming drilling program at its Saksrithai potash project located in the Khorat Basin ,
Thailand.
Vatic is focused on its upcoming drilling program at the Saksrithai potash project which will be undertaken by
Aztec Engineering Co. Ltd., an experienced and reputable drilling contractor who has extensive experience
drilling for potash in Thailand and Laos. Drill preparation and mobilization to the first drill site has
commenced and drilling is planned to commence by May 1, 2018.
The planned drilling program will comprise up to 10 holes and will commence with an initial 3 holes program
which should take approximately one month from start of drilling, depending upon penetration rates. Based
on information regarding the adjacent Dan Khun Thot project, Vatic expects to encounter the potash zone at
depths of up to some 300 meters and the initial holes will drilled to a planned depth of 350 meters.
The Khorat basin.
Located in northeast Thailand and extending partly into Laos, the Khorat basin is a large evaporite basin
which covers an area of some 130,000 km². Potash was discovered in the basin in the mid-1970s and Hite and
Japakasetr (1979)* stated that “the Khorat Plateau of northeastern Thailand and central Laos has outlined what may
develop into one of the world's largest potash deposits”. Within the basin, the potash deposits are generally gently
dipping and at shallow depth (150 to 350 m) with both sylvite and carnallite minerals present in the mixed
strata-bound salt horizons of the Upper Cretaceous Maha Sarakham formation.
Since the initial discovery of potash in the Khorat basin, a limited number of companies have been granted
potash exploration rights and at present there are three projects at an advanced stage of development. These
include APMC’s Bamnet Narong project in Chaiyaphum province, Thai Kali’s Dan Khun Thot project in
Nakhon Ratchasima province, both of which are under construction, and Italian Thai Developments’ South
Udon project in Udon Thani province. The Udon project was originally developed by Asia Pacific Resources
Ltd, a Canadian company credited with Thailand’s first commercial sylvanite discovery.
Four other companies, including Vatic’s Thai subsidiary Saksrithai Development Co. Ltd. (Saksrithai), have
been granted exploration licenses and the Saksrithai project is the only current project not controlled by Thai
or Chinese companies. Projects in the Khorat basin benefit from several competitive advantages over projects
of similar grade and scale elsewhere including excellent infrastructure including electricity, water, road and
rail, the shallow depth to the deposits and proximity to key markets which provides significant transportation
cost savings.
The Thai government is supportive of the development of the country’s potash resources and has set up a
steering committee to develop the industry. The committee has representatives from government and
companies involved in Thai potash industry including Saksrithai. In addition, the Thai Board of Investment
provides a range of investment promotion incentives to companies in the industry.
Qualified Persons
The technical information in this news release has been prepa red in accordance with Canadian regulatory
requirements set out in National Instrument 43 -101 and reviewed and approved by Pieter J. Bakker,
FAusIMM, a Qualified Person.
About Saksrithai Development Co. Ltd.
Saksrithai Development Co. Ltd. (Saksrithai) is a private Thai company which is the holder of two contiguous
Special Prospecting Licenses (SPLs) for potash exploration, issued in 2015.
The licenses encompass an area of 32 km 2 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 Dr. Gerry Wright acts as Saksrithai's Managing
Director.
ON BEHALF OF THE BOARD OF DIRECTORS.
Nasim Tyab, Director.
* Hite, Robert J. and Japakasetr Thawat. Potash Deposits of the Khorat Plateau, Thailand and Laos . Economic
Geology. Vol. 74. 1979. Pages 448-458.
ABOUT VATIC VENTURES CORP.
Vatic Ventures Corp (www.vaticventures.com) is a junior exploration company exploring and developing
potash licenses in Thailand.
"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.