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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

Post by 110158on Oct 21, 2020 3:07pm
131 Views
Post# 31756277

News

News

Sanatana receives Gold Rush exploration permits

2020-10-21 09:18 ET - News Release

Mr. Peter Miles reports

SANATANA RECEIVES EXPLORATION PERMITS FOR THE GOLD RUSH PROJECT AND PROVIDES EXPLORATION UPDATE

Sanatana Resources Inc. has received exploration permits for the Gold Rush project in the Timmins region of Ontario allowing for mechanized drilling, mechanical stripping, pitting and trenching, and ground geophysical surveying requiring a generator.

Mr. Buddy Doyle, President, comments, "Our work to date, awaiting the permit, has been to locate, characterize and prioritize the numerous gold showings on the property. This work successfully identified old prospects, including some that have not seen any work since the 1930s, and located new showings. Our team is impressed by the number of showings carrying gold on the Project, which now number over 10. Only one, the de Santis shaft, has ever been drill tested, with shallow 30 m drill holes. This is remarkable given we are only 25 km away from Timmins.

Mr. Doyle continued "Now the permit is in hand we have arranged for an excavator to commence work, mobilized today, on the North Shaft area where we have recently received encouraging grab sample results. Trenching and channel sampling will follow. Tenders for the ground geophysics are in place. We are now able, for the first time, to apply modern exploration methods in a focused program to the entire group of claims."

Since the middle of August 2020, Sanatana ground crews have been prospecting, rock-chip sampling and have now established access routes using exiting trails to each prospect. More than 150 rock-chip samples have been taken from historical and newly identified zones of interest with lab results expectedly shortly. In addition Sanatana has recently completed a 50-metre spaced, drone-flown, magnetic geophysical survey over the Project.

Mr. Doyle is currently on site and is immediately initiating an expanded exploration program including mechanized stripping, channel sampling and ground based geophysics. The data from this program will be combined with the rock-chip sampling and drone based geophysical program results to define drill collar locations for a drill program expected to commence in January 2021.

The technical information in this news release was prepared under the supervision of Kevin Kivi P.Geo. Mr. Kivi is a Qualified Person for the purposes of National Instrument 43-101 - Standards of Disclosure for Mineral Projects and has reviewed and approved the technical information disclosed in this news release.

About the Company

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