Softrock Minerals issues Progress Report
13 Juli 2016 - 2:00PM
PR Newswire (Canada)
CALGARY, July 13, 2016 /CNW/ - Nick Taylor, President of Softrock Minerals Ltd
(SFT on TSE-V) issued an update on the company's operations as
reported in detail on SEDAR and the company's website
(www.softrockminerals.com).
He stated that the audited annual report for 2015 showed a 230%
increase in annual revenue over the previous year to $63,560 followed by an unaudited first quarter of
2016 of an increase over the same quarter in 2015 of 27%.
He attributed the increases to the 2 and one-half percent GORR
Softrock holds in the first well on a 640 acre lease in the
Charlie Lake oilfield of northwest
Alberta and on which there is room
for 3 or more wells.
"The company plans in the next two quarters to expand its
Lithium and Potash Pertmits in Alberta and also to participate for 50% in
recompleting a Cardium oilwell in the Ferrier oilfield of
Western Alberta.
SOURCE Softrock Minerals Ltd.
Copyright 2016 Canada NewsWire
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