Satori (BUD) has drilled 5.80 m averaging 47.56 g/t gold in a new zone at Tartan Lake in Manitoba.
The result stems from the completed phase one drill program on the property.
TLMZ21-11 and TLMZ21-12 targeted the down plunge continuation of the Main Zone approximately 100 m west of TLMZ21-01 (4.15 m averaging 9.73 g/t gold) and 75 and 150 m below the historic holes defining the resource limits.
Both holes intersected a new hanging wall (HW) zone associated with quartz-feldspar intrusives 20-25 m above the quartz-carbonate-tourmaline veins defining the Main Zone.
TLMZ21-12 intersected 5.80 m averaging 47.56 g/t gold in the HW zone followed by a Main Zone intercept of 1.60 m averaging 7.25 g/t gold.
TLMZ21-11 intersected 5.25 m averaging 2.25 g/t gold in the HW zone followed by 2.10 m averaging 8.87 g/t gold in the Main Zone.
Tartan Lake’s indicated resource estimate totals 240,000 ounces averaging 6.32 g/t gold (February 2017).
Tartan Lake highest-value intercepts to date
Jennifer Boyle, Satori’s CEO, stated,
“These latest results clearly demonstrate that additional discovery potential exists at depth along the Main Zone plunge. Over 500 drill holes have been completed at Tartan Lake. To have one hole of a small drill program (TLMZ21-12) intercept the second-highest grade ever reported at Tartan Lake is a very encouraging result. The hanging wall mineralization intersected in hole TLMZ21-12 may represent a new zone of gold mineralization that parallels the Main Zone. The signature quartz-carbonate veining is absent in the hanging wall zone. The high-grade mineralization is associated with felsic intrusives and increased sulphide content, which is further evidence suggesting that the hanging wall mineralization could reflect a new zone of mineralization.
Additional drilling to evaluate the extent of the hanging wall mineralization at depth to the west is certainly a priority for 2022. We are currently finalizing a ground-based induced polarity survey of the Main, South, McFadden and Ruby Lake targets. We believe that the IP survey will identify additional undrilled targets within the host shear zones. Our plan is to complete the IP survey in Q1 2022 and start a follow-up drill program late in Q1 2022.”
Satori is a Toronto-based mineral exploration and development company expanding the Tartan Lake Gold Mine in Manitoba.
Satori (BUD) is up by 12 per cent and is currently trading at $0.14 per share as of 12:24 pm EST.