Raytec receives second permit

Vancouver-Raytec Metals Corp. has announced the receipt of its second exploration permit from the government of Saskatchewan on the company’s KP452 potash claim in south central Saskatchewan. The permit grants the right to explore approximately 36,113 acres of prospective potash ground. “We are very pleased with the pace at which we are receiving the permits,” said Brian Thurston, Raytec president. “At this rate, we may be able to receive all of our exploration permits by the end of the summer, giving us the ability to formulate a comprehensive potash exploration and drilling program for the fall of 2008 and 2009.” Raytec is awaiting permits on its KP455, KP466, KP467, and KP500 claims, which are contiguous with the KP441 potash claim. In all, Raytec is seeking to explore some 250,000 acres in the province.