Saskatchewan

Goldnev Resources Inc., Calgary, said it holds the PS00243 and PS00242 permits totaling 155,443 acres in the Pasquia Hills oil shale region of east-central Saskatchewan.

By OGJ editors
HOUSTON, Apr. 8
– Goldnev Resources Inc., Calgary, said it holds the PS00243 and PS00242 permits totaling 155,443 acres in the Pasquia Hills oil shale region of east-central Saskatchewan.

Goldnev previously invested $1.5 million in a core drilling exploration and development program that focused on the southern portion of its oil shale permits that resulted in its previously announced contingent resource estimate of 1.8784 billion bbl of oil distillate. It is preparing a prefeasibility study to confirm the commerciality and-or the conditions required for commerciality.

Goldnev plans a core drilling and exploration program on its northern permit in the fall of 2010.

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