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 [...]
Highlights: First-pass surface sampling and prospecting has identified numerous gold bearing and gold/silver bearing quartz vein systems on the Gold Rush property. Best result was a grab sample of 27.3 g/t Au from a brittle ductile shear at the North Shaft prospect. Best results from other prospects were 11.2 g/t Au @ North Vein, 8.41g/t Au @ DC [...]
Sanatana Resources Inc. today announced that IAMGOLD Corporation has waived its right of first refusal in connection with Sanatana's previously announced sale of its Watershed Royalty to Ely Gold Royalties Inc.. The receipt of the waiver from IAMGOLD is a key condition precedent to completion of the Royalty Sale, which is now expected to close in [...]
Sanatana Resources Inc. has, further to its news release of September 29, 2020, signed a definitive agreement to sell its Watershed Royalty 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 [...]