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The Armit project is located in Saskatchewan and is a joint-venture between Saturn and Inowending Exploration & Development Corp. Saturn owns an 87.5% interest in the project with Inowending owning 12.5%. The Armit hosts the Leif coal discovery which was made by Saturn in 2009/2010 an encompases two potential coal seams of thicknesses ranging from 2m to 9.5m and beginning at depths of 100m to 110m. |
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The coal discovered on the Armit property ranges in calorific value from 8,000 btu/lb to 8,400 btu/lb (ad) with an average ash content of 22% (ar) and an average sulphur content of 1.6% (ar). No washability tests have been completed on the Armit coals. Current strike of the coal seam is approximately 4.5 km and is open to the northeast and southwest. |
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| The exploration model for the Armit project is a graben / paleo-valley target which represents a relatively stable depositional paleo-environment which under the correct conditions can potentially host a massive coal target. Saturn has completed over 3,000 line-km of gravity geophysical survey on the Armit project and intends to establish the graben / paleo-valley model over the course of ensuing exploration programs. |
