Approximately 8 line-kilometres of IP completed between July and late September 2022. Results have discovered four new high priority targets. IP when combined with soil geochemistry is an effective technique for discovery of porphyry systems. Initial drill results expected imminently. Sanatana Resources Inc. ) is pleased to provide an exploration [...]
Sanatana Resources Inc. has renegotiated the terms of the 2022 option payment for its Gold Rush North property. Sanatana will now pay $22,500 in cash and issue 130,000 common shares of the Company . Under the terms of the original option agreement, Sanatana was to pay $40,000 in cash and issue common shares of the Company with a value of $40,000 [...]
• Twelve holes totalling 3,679m completed • Copper mineralization observed in eight holes • Area of copper mineralization significantly expanded at Delta prospect • Mineralization hosted in hydrothermal intrusive breccias • Consistent with being in the upper parts of a copper-gold porphyry system • Assays awaited [...]
Drill rig arrived June 29, coring scheduled to start July 1 Camp construction complete 219 Ma age returned from Cu-Au bearing Molloy monzonite Three drill pads installed Low elevation sampling completed in unexplored area New copper-bearing altered intrusion discovered 1,000m away from Molloy monzonite ASTER survey highlights classic porphyry [...]
Sanatana Resources Inc. has completed the purchase of a gold exploration property in Ontario, as described in the Company's news release dated June 3, 2022. The Company has received TSX Venture Exchange approval for the underlying purchase agreement. Sanatana acquired a 100% interest in the Enid property, which comprises 41 mineral claims, in the [...]
Sanatana Resources Inc. has changed its auditor from BDO Canada LLP to Davidson & Company LLP effective June 13, 2022. Sanatana's board of directors accepted the resignation of the Former Auditor and appointed the Successor Auditor as the new auditor of the Company effective June 13, 2022, and to hold office until the close of the Company's next [...]
Sanatana Resources Inc. has granted incentive stock options to directors, officers, employees and contractors of the Company to purchase up to 2,550,000 common shares of the Company at a price of $0.20 per share. The stock options are exercisable on or before June 6, 2027 and vest in stages with 25% vesting immediately and the remainder to vest 25 [...]
Sanatana Resources Inc. has entered into an agreement with Robert Laviolette and John der Weduwen , arm's length parties to Sanatana, to acquire a gold exploration property in Ontario. Pursuant to the Agreement, Sanatana will acquire a 100% interest in the Enid property in the Timmins, Ontario region. The property comprises 41 mineral claims. The [...]
Sanatana Resources Inc. , further to its news releases of April 22, 2022 and May 12, 2022, has closed the second tranche of its non-brokered private placement . The second tranche consisted of 2,070,000 units of the Company at a price of $0.15 per Unit for gross aggregate proceeds of $310,500. Peter Miles, Sanatana's CEO commented, "We are [...]
Sanatana Resources Inc. is pleased to announce, further to its news release of April 22, 2022, that it has closed a first tranche of its non-brokered private placement . The first tranche consisted of 13,766,667 units of the Company at a price of $0.15 per Unit for gross aggregate proceeds of approximately $2,065,000. Each Unit issued in the first [...]
Sanatana Resources Inc. has retained Jeff Kyba as BC Exploration Manager, with an initial focus on the Company's Oweegee Dome property in BC's Golden Triangle. Mr. Kyba earned a degree in Earth and Ocean Science from the University of Victoria in 2007. Various field appointments with junior and mid-tier companies and the BC Geological Survey led [...]
A 5,000 m contract with Atlas Drilling has been signed and drilling will commence as soon as conditions allow, likely in later June The initial target will be the Molloy Zone, a monzonite intrusion with porphyry-style quartz-chalcopyrite stockwork veins which averaged 0.35% Cu, 0.829 g/t Au and 4.15g/t Ag from 15 samples collected in 2021 Contracts [...]
