The Saskatoba Coal Project is located along the Saskatchewan/Manitoba border, encompassing 10 properties totalling 120,000 hectares (1,200 sq. km).  The project is situated in the immediate area of several recent coal discoveries of previously unknown coal intersections of varying thickness from 10m to 100m.

The Saskatoba Coal Project is a joint-venture with Saturn Minerals Inc. (SMI: TSX.V).  Swift maintains a 40% interest in the project with Saturn maintaining the remaining 60%.  Saturn is the operator of the project.

Project Maps (click to enlarge)

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The Durango Coal Trend

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The Saskatoba Project is situated within the 'Durango Coal Trend', a northwest/southeast belt extending throughout the Canadian provinces of Saskatchewan and Manitoba. Regional infrastructure is excellent.  The Town of Hudson Bay is located near the center of the project area, from which Provincial Highway 9 and a CN railroad transect.  The CN railroad provides access to the port of Churchill, Manitoba.  A 230kv power line is also in place in addition to significant water resources.

2009-2010 Exploration Program

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From all available public data, the coal deposits in the Hudson Bay region in respect to coal thickness, coal quality and deposit geometry are unique and have specific implications on an effective exploration model.  The importance of structural controls in exploration, combined with explicit geophysical signatures, are determining factors in the successful discovery of coal hosting sub-basins.  Given these controls, the 2009-2010 exploration of the Saskatoba Coal Project will be conducted in four-phases:

Phase 1 - Ground based gravity survey in Saskatchewan (complete, news release)

Phase 2 - Airborne Fugro GEOTEM survey over the entire Saskatoba Project (complete, news release)

Phase 3 - Technical Report incompassing geophysical data with recommended drill program (complete, news release)

Phase 4 - Drill Program (underway)

2009-2010 Drilling

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Data obtained from the geophysical exploration of the Saskatoba properties have returned anomalies in transient electromagnetic field (GeoTEM) consistent with those obtained over known bodies of coal at near-by deposits.  The ground gravity survey carried out on the Armit and Erwood blocks also returned gravity anomalies consistent with the presence of coal.  The larger of these anomalies are coincident with some of the anomalies identified by the GeoTEM survey.  As per these results, Saturn has initiated a drill program to test those areas on the Armit and Erwood blocks identified as anomalous.  Further drilling on targets identified on the Manitoba blocks of the Saskatoba project will be drill tested following receipt of requisite permits.