SOURCE: Saturn Minerals Inc.

September 05, 2007 15:00 ET

Saturn Minerals Completes Surface Program on Wheelbarrow Property - Drilling to Commence on Silver-Lead-Zinc Targets

VANCOUVER, BC--(Marketwire - September 5, 2007) - Saturn Minerals Inc. (TSX-V: SMI) ("Saturn") has completed the first two phases of an exploration program being conducted on the Wheelbarrow Property located approximately 15 km NE of the town of Atlin in northwestern British Columbia. Access to the property is by paved and gravel roads from Atlin. The property is underlain by a suite of intrusive rocks of the Jurassic Fourth of July Batholith, and consists of four mineral claims totaling approximately 1500 hectares in area. Saturn optioned the property in December 2006 (see news release December 13, 2006), and since June 2007, has conducted an initial exploration program consisting of prospecting, rock and soil sampling, preliminary mapping and excavator trenching.

Approximately 690 rock and 70 soil samples were submitted to laboratory facilities of Assayers Canada, Vancouver, B.C., and Pioneer Laboratories Inc., Richmond, B.C., for standard 30-element ICP analyses. A selection of samples was submitted for fire assays of silver, lead, zinc and occasionally, gold and tungsten. Analytical results from approximately 200 samples are still pending.

Several preliminary targets, characterized by strong silver (Ag), lead (Pb) and zinc (Zn) mineralization and chlorite-clay alteration have been identified on the property during the first phase of exploration. The following list describes these targets:

- The Big Canyon North Structure (steeply dipping fault-shear zone in the western part of the property),

- The Big Canyon South Structure (sub-vertical fault/shear zone in the western part of the property, parallel to the Big Canyon North Structure),

- The Vulcan Area (a broad zone of abundant, strongly mineralized float in the central part of the property; no bedrock exposure),

- The Al Area (a zone similar to Vulcan in the south-eastern part of the property, no bedrock exposure)

- The Wolf Area (a zone of abundant, strongly mineralized float in the central part of the property; no bedrock exposure),

- The Brenda Target (steeply dipping, strongly mineralized zone in the eastern part of the property),

- The Wheelbarrow Target (predominantly low-grade mineralization of relatively wide extent in the north-eastern part of the property), and

- The Wallis Zone (a very poorly exposed area with patches of strongly mineralized float on the northern part of the property).

Rock samples from the mineralized zones (or from float material) returned moderately to very strongly elevated levels of Ag, Pb, Zn and minor copper (Cu) and tungsten (W). The most prominent results include:

- 551 g/mt (grams per tonne) Ag, 1.78% Pb, 0.41% Zn and 0.51 g/mt Au over 1.14 metres (Big Canyon North Structure),

- 4862 g/mt Ag, 41.7% Pb and 1.38% Zn in a grab sample from the Big Canyon South Structure, and

- 3022 g/mt Ag, 2.74% Pb, 1.82% Zn and 2.49 g/mt Au in a float sample from the Wolf Zone.

The second phase of the exploration program, accomplished by follow-up sampling, geological mapping and excavator trenching, was designed to determine true widths, to document lateral changes along individual mineral zones, to identify their extensions and to test selected float and soil anomalies. The results are summarized below:

1. The Big Canyon North Structure consists of a complex fault-shear zone, which accompanies a set of mafic dykes and is hosted by coarse-grained granodiorite. The structure is 3-5 metres wide and dips toward the NNW at an angle of 60-65 degrees. It is characterized by the moderate-to-strong chlorite-clay alteration and localized strong silicification. Mineralization consists predominantly of pyrite, arsenopyrite, galena and sphalerite. Below are results from four trenches cut across the structure:

------------------------------------------------------
Trench         Ag        Pb        Zn       True width
             (g/mt)      (%)       (%)       (metres)
------------------------------------------------------
SQ-TR1       290.5      0.92      0.29         2.69
------------------------------------------------------
including    551.1      1.78      0.41         1.14
------------------------------------------------------
SQ-TR2       356.1      0.66      0.27         2.72
------------------------------------------------------
including    455.6      0.82      0.27         1.95
------------------------------------------------------
SQ-TR3        96.5      0.26      0.21         3.32
------------------------------------------------------
including    314.2      0.76      0.26         0.82
------------------------------------------------------
SQ-TR4       143.9      0.30      1.14         2.88
------------------------------------------------------
including    185.7      0.35      1.43         2.03

The known extent of the structure on the property reaches 220 metres along its strike but the zone is concealed eastwards under a thick layer of fluvioglacial deposits.

2. The Big Canyon South Structure includes a system of fault/shear zones, mafic dykes and altered granodiorite with mineralization similar to its northern sister structure. The structure is up to 11-16 metres wide and includes three distinct zones, which are characterized by stronger deformation, alteration and heavier mineralization. The main, middle zone exposed in trench C-TR1 reaches 6.4 metres in width and averages 141.4 g/mt Ag, 1.07% Pb and 0.28% Zn. It includes a 0.66 metre interval which returned 1107 g/mt Ag, 9.48% Pb and 0.52% Zn. The South Structure is accompanied by a few thinner (up to 65 cm of true width) parallel zones of mineralization on both sides. The known length of the structure on the property reaches some 300 metres along strike and it is concealed under fluvioglacial gravelly sands.

3. Excavator trenching on the Vulcan Zone revealed several mineralized intervals within a complex zone over a total length of approximately 30 metres. The true width of the zone and its strike cannot be determined due to relatively poor exposure under a very thick layer of coarse talus. Mineralization consists of pyrite, galena, sphalerite, arsenopyrite and minor tetrahedrite, all accompanied by localized strong silicification and chlorite-clay alteration of the host quartz monzonite. Assays from the trenches are still pending but the float samples returned values up to 604 g/mt Ag, 1.5% Pb, 5.01% Zn and 1.8 g/mt Au. Historic trenches made nearby by Homestake (1988) exposed similar mineralized zones of up to 3.4 metres in width and with grades of 5.23 opt Ag, 0.9% Cu and 1.13% Pb. The previous operator documented their SW-NE strike.

4. The Brenda Structure includes a 1.8-2.0 metre thick mineralized zone which has been documented for approximately 450 metres along its strike. The zone strikes from SW to NE and dips at an angle of 60-65 degrees towards the SE. The mineralization consists of galena, sphalerite, and minor pyrite and barite. Pervasive chlorite-epidote alteration is frequently accompanied by strong silicification and commonly by carbonatization. Typical are strong Mn-Fe stains and encrustations along fractures. The Brenda Structure is associated with contacts between a thick quartz-feldspar porphyry dyke and the host diorite. Grab samples assayed up to 1109 g/mt Ag and 1.58% Zn. Several analytical results are still pending.

5. The Wheelbarrow Target consists of irregular, broad zones of a moderately-to-strongly fractured diorite, which displays distinct oxidation and local silicification. Incipient development of quartz stockwork occurs in places. The zone is characterized by moderately elevated Ag, Pb, Zn and Cu levels. Some thicker quartz veins contain abundant arsenopyrite and locally, coarse crystalline wolframite (up to 0.23% W in a grab sample). Significantly elevated are levels of bismuth (up to 0.37% Bi in a grab sample from quartz vein), molybdenum, tin and rare earth elements. The mineralogical character of this target and its geometry (both, most probably, are complex) are as yet poorly understood.

6. The Wallis Zone includes a set of relatively thin, steeply dipping quartz veins and surrounding zones of moderate-to-strong clay-chlorite alteration and silicification of the wall rock diorite. The zone hosts locally abundant arsenopyrite in quartz veins, disseminated pyrite, as well as minor galena and sphalerite. Assayed grab samples returned up to 127.1 g/mt Ag, 0.34% Cu, 0.14% Pb and 0.63% Zn. Common are significantly elevated levels of molybdenum. The zone strikes from NW to SE but its extent is not known. Laboratory results from soil lines are still pending.

7. Deep excavator trenching on the Al and Wolf Areas proved that the abundant float of strongly mineralized rocks had been transported by glacial and slope processes from the original sources. Thick overburden of glacial till, fluvioglacial deposits and talus exceeds 6 meters there. The sources of the rich mineralized float is not known yet and both areas require more prospecting at higher elevations. Float material from these areas assayed up to 1801 g/mt Ag, 3.63% Pb and 4.83% Zn (Al Area), and 3022 g/mt Ag, 2.74% Pb, 1.82% Zn and 2.49 g/mt Au (Wolf Area).

Diamond drilling is scheduled to begin in the first week of September. Drilling is designed to test selected mineralized zones at depth and where deeper overburden prevents further examination of the zones along strike. Drilling services will be provided by Kluane Drilling Ltd. of Whitehorse, Yukon.

Krzysztof Mastalerz, PhD, PGeo, a qualified person under 43-101 standards, has prepared and approved the technical information contained in this release.

SATURN MINERALS INC.

"Mike Elson"
Mike Elson, President

Forward-looking statements - statements included in this news release that are not historical facts may be considered "forward-looking statements." All estimates and statements that describe the Company's objectives, goals or future plans are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties where actual results could differ materially from those currently anticipated.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Contact:
    Saturn Minerals Inc.
    900, 555 - Burrard Street
    Vancouver, B.C.
    V7X 1M8
    Telephone: (604) 699-8604
    Fax: (604) 699-8605
    Website: www.saturnminerals.com