Welcome To The Lion Energy Corp, formally Raytec Metals Corp. HUB On AGORACOM
Edit this title from the Fast Facts Section
Message: Provides Update on Seismic Program
| April 23, 2009 |
| Raytec Provides Update on Seismic Program |
| VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2009) - Raytec Metals Corp. (the "Company") (TSX VENTURE:RAY) is pleased to provide an update on its seismic program. Raytec has concluded its 2-D seismic program on the Company's 100% owned Spar Property totaling 145,000 acres of contiguous ground within the extensive Middle Devonian Prairie Evaporite formation of south-central Saskatchewan. Raytec engaged the services of Kinetix Inc. to conduct the program in advance of proposed drilling. Upon commencement, the program progressed with minimal delays during the early weeks of November 2008. Due to extreme weather conditions in December the crew was provided with an extended break. Data collection continued after the break and has now been completed. Processing of the data is now underway and results are currently being delivered for interpretation. Full interpretation and evaluation of the high resolution 2-D seismic profiling is scheduled for completion in May. About Raytec: Raytec Metals Corp. is a well-financed Canadian exploration company focused on the acquisition of near-term precious metals assets. The Company holds over 180,000 acres of potash permits in Saskatchewan, Canada - the largest producing region for potash in the world. The Company also holds a 15% interest in Sulphur Solutions Inc., an emerging fertilizer company developing state-of-the-art patented technology for the production of micronized sulphur fertilizer. The Company is further diversified with iron ore projects in Ontario, and uranium joint venture projects in the Athabasca Basin of Saskatchewan. On behalf of the Board, RAYTEC METALS CORP. Brian Thurston, President and CEO |
Loading...
Loading...
New Message
Please
login
to post a reply