Highlights Seven NQ size holes and two AQ size hole completed on the North Shaft prospect. Brittle ductile shear zone with quartz veins intersected in all holes The main zone widens at depth, strikes for at least 200m and is open in all directions Core samples sent for assay Drill now targeting Elora prospect, an EM anomaly. Sanatana Resources. has [...]
Sanatana Resources has entered into a non-binding letter of intent with ArcWest Exploration Inc. to negotiate an earn-in and joint venture agreement on ArcWest's Oweegee Dome porphyry copper-gold project, located in BC's Golden Triangle. ArcWest's 100% owned Oweegee Dome project is located 45 km east of Seabridge Gold's KSM-Iron Cap porphyry Cu-Au [...]
Highlights Four holes completed in North Vein area All holes intersected quartz veins, alteration and sulphides Core samples sent for assay Drill now targeting North Shaft prospect. Sanatana Resources. is pleased to announce that G4 Drilling has completed four holes on its 2,353 hectare Gold Rush project, located 25km west of the Timmins. All holes [...]
Highlights: Received drill permits for its Gold Rush Project Signed drilling contract with G4 Drilling Canada Ltd. Drilling to commence immediately with a 3,000 metre program Sanatana Resources Inc. has received final drilling permits and signed a contract with G4 Drilling Canada Ltd. to immediately commence a 3,000m drilling program on the Gold [...]
Highlights Headline assay of 4.6 g/t Au / 1.7 m consists of two adjacent and continuous channel samples of 6.35g/t Au over 0.75 m and 3.27 g/t over 0.93m. Stripping uncovered two gold-bearing zones at the North Shaft prospect. The Eastern zone is a new discovery that trends 125° azimuth for over 100m with assays from trace to 6.35 g/t Au over 0.75 [...]
Highlights: Sanatana is planning a drill program to commence in March 2021 assuming COVID-19 protocols permit. Airborne drone magnetic survey completed at 50m spacing over the whole project. Magnetic data reveals three known gold prospects occur on N-S structures, on 340 degree trending NW-SE structures, or their intersection points. IP/Resistivity [...]
Highlights: Initial surface sampling and prospecting programs were completed in November 2020. This work identified numerous gold-bearing and gold/silver-bearing quartz vein systems on the Gold Rush property. Best gold result was from a grab sample of 59.2 g/t from a brittle ductile shear at the DeSantis prospect. Best gold results from other [...]
Sanatana Resources Inc. is pleased to announce that it has completed the second and final tranche of its non-brokered private placement of flow-through units of the Company previously announced on December 3, 2020 and, together with the first tranche closing of the Private Placement announced by the Company on December 10, 2020, a total of [...]
Sanatana Resources Inc. has closed of the sale of its 1% net smelter returns royalty that was announced on September 29, 2020 to Ely Gold Royalties Inc. The Watershed Royalty was granted to Sanatana in connection with an Asset Purchase Agreement between the Company and Trelawney Augen Acquisition Corp., now IAMGOLD Corporation, dated January 12 [...]
Sanatana Resources Inc. is pleased to announce that it has completed the first tranche of its non-brokered private placement of flow-through units of the Company previously announced on December 3, 2020. In this closing, Sanatana issued an aggregate 3,000,000 FT Units, at a price of $0.25 per FT Unit, for aggregate gross proceeds of $750,000. Each [...]
Sanatana Resources Inc. has arranged a non-brokered private placement of up to 5,000,000 flow-through units at $0.25 per FT Unit for gross proceeds of up to $1,250,000. Each FT Unit will consist of one flow-through common share in the capital of the Company, and one-half of one share purchase warrant. Each Warrant will entitle the holder to [...]
Highlights: Solomon Islands Ministry of Mining grant a letter of intent over the 188 km sq Sutakiki mineral tenure, situated on the Island of Guadalcanal, Solomon Islands, 40km from the capital of Honiara and 7km from the >4m oz Au Gold Ridge mine. The property is considered prospective for copper gold porphyry-style mineralization. Previous work [...]
