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Sanatana Resources Inc V.STA

Alternate Symbol(s):  SADMF

Sanatana Resources Inc. is a mineral exploration and development company. Its projects include Oweegee Dome Project, Gold Rush Project, and Santoy Property. The Oweegee Dome Project is a Copper-Gold porphyry project beside the highway in British Columbia’s (BC’s) Golden Triangle. The Oweegee Dome Project is a 31,077-hectare (ha) project. The Gold Rush Project is located 25 kilometers (km) west-northwest (WNW) of the city of Timmins, Ontario, 11 km north north-west (NNW) of Pan American Silver’s Timmins West Mine. The property consists of two optioned blocks: the north block of 41 cells (875 Ha) situated in west-central Turnbull Township and the south block of 76 cells (1,525 Ha) situated in west-central Turnbull and Carscallen Townships. The Santoy property is located on the northern shores of Lake Superior, about 20 km east of Terrace Bay via Highway 17, Ontario and comprises 24 cell mining claims covering an area of about 446.5 ha. Its other properties include Fortune, and Empress.


TSXV:STA - Post by User

Bullboard Posts
Comment by ChestRockwellon Jan 09, 2015 2:55pm
122 Views
Post# 23303255

RE:RE:RE:RE:IMG fired the VP that got them into Cote Lake

RE:RE:RE:RE:IMG fired the VP that got them into Cote Lake
>>>>COTE GOLD will be a massive money maker when gold goes back up and this is already started.<<<<<

Cote is a tough nut - it's not economic at current Au prices. It also lacks grade continuity if you agree with the likes of Brent Cook, who, I seem to remember stating that the mineralization is errratic and unevely distributed throughout the deposit - this presents quite a few challenges in a mining scenario (ie) which trucks to you direct to the mill.....which trucks do you direct to the dump?
 
But to say that IMG is not interested in maintaining Cote as an important part of its mineral inventory would be exttremely naive. IMG is well aware that large gold deposits, especially those in mining friendly jurisdictions, are few and far between. If gold brealks out and IMG mgnt does not deal with STA in a meaningful way; one that settles this dispute once and for all......they'll be accountable to shareholders.
Bullboard Posts