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or Name
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Vatic Ventures Corp (4)
Symbol VCV
Shares Issued 23,477,033
Close 2018-07-23 C$ 0.145
Market Cap C$ 3,404,170
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Vatic Ventures delays drilling at Saksrithai

2018-07-23 13:34 ET - News Release

Dr. Gerry Wright reports

VATIC POTASH PROJECT UPDATE

Vatic Ventures Corp. mobilized for the initial drilling program at its Saksrithai potash project in early May, but the commencement of drilling has been impacted by continuing heavy rainfall in the project area. Localized flooding and deterioration of the unpaved roads within the rural licence areas have prevented access to the selected drilling locations. Accordingly, the company has released the drilling contractor and plans to reschedule commencement of drilling following the end of the rainy season (October/November) by which time the local farmers will have harvested their crops within the area.

In the meantime, the company continues its community relations programs to ensure co-operation and support from the various local and regional community stakeholders. The company is taking advantage of the delay to undertake additional seismic data interpretation in the area.

Dr. Gerry Wright, the company's chief executive officer, commented: "It is disappointing that the program has been delayed but the opportunity to complete additional review of the seismic data will enable the company to optimize our drill site targets. We are optimistic that the Saksrithai project will host a strategic potash resource, with a ready market in the immediate Southeast Asia region."

Qualified person

The technical content of this news release has been reviewed and approved by Pieter J. Bakker, MSc, FAusIMM, who is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Vatic Ventures Corp.

Vatic Ventures is a junior exploration company and continues to assess new opportunities and prospects.

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