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Sanatana Resources Inc V.STA

Alternate Symbol(s):  SADMF

Sanatana Resources Inc. is a mineral exploration and development company. The Company is engaged in the acquisition, exploration and development of exploration and evaluation assets. Its principal project is the Oweegee Dome copper-gold porphyry property. The Oweegee Dome copper-gold porphyry property is situated 40 km east of the KSM - Brucejack - Treaty Creek cluster of base and precious metal deposits and is underlain by similar geologic conditions, Stuhini Group (Tiassic age) host rocks, intrusions of the right age, alteration and porphyry style copper, gold, silver, and molybdenite mineralization. Its Santoy property is located on the northern shores of Lake Superior, 20 km east of Terrace Bay via Highway 17, Ontario, which covers an area of 551 hectares (1,362 acres) made up of 32 cell mining claims. Its Gold Rush Project is located 25 kilometers (km) west-northwest (WNW) of the city of Timmins, Ontario. Its other properties include Fortune and Empress.


TSXV:STA - Post by User

Bullboard Posts
Comment by HotSnoton Dec 07, 2007 4:18pm
320 Views
Post# 13987610

RE: CLOSE @ $1.26

RE: CLOSE @ $1.26As i mentioned in an earier post here at around 11am... this is part of the news release "This first batch weighed 339.18 kg and is from 21 SEPERATE SAMPLES of split NQ2 size drill core from the discovery drill hole. " Doesnt that mean that they drilled a hole and then picked and chose what samples to send for assay's? Is that not why it was not a 1 ton sample? The results show there are definitly diamonds there and these results seem very similar to what PGD just pulled out....i thought this was appropriately evaluated at the .90-1.00 it was trading at untill for some reason it just sky rocketed. I dont understand how the diamond equivilant of grab samples from a drill hole got this thing to a day high of 1.80+. Anyone care to explain it to me? Maybe diamonds are mined differently then gold, silver etc.... but you still have to go through a ton of something to get what you want out of the ground on a per ton basis. These first set of results definitly dont show that....perhaps the next ones will. Please dont accuse me of bashing this stock....perhaps theres something i missed here. Id like to know for the future so if i got it wrong, please by all means, let me know.
Bullboard Posts

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