Sanatana Provides Exploration Update on Its Watershed Property
10 Janeiro 2013 - 4:48PM
Marketwired Canada
Sanatana Resources Inc. (TSX VENTURE:STA) ("Sanatana" or the "Company") is
pleased to provide this exploration and operational update for the Watershed
Property.
Exploration Update
During the second half of 2012, the Company's exploration program focused on
fulfilling the terms of the option and joint venture agreement and testing
potential distal extensions of IAMGOLD Corporation's Cote Gold Deposit and the
Company's discovery on Clam Lake claim 3011820. The program comprised
exploration drilling of 5,410 metres, collecting 1,454 soil samples from across
the entire property and outcrop stripping, mapping and channel sampling over
selected sites.
Peter Miles, CEO of Sanatana, stated: "We are pleased with the significant
exploration progress we have made on the Watershed Property: not only have we
earned a minimum 50% interest in the property, but we have also encountered gold
mineralization in 25 of 27 holes drilled to date which is a strong indication of
the gold prospectivity of the Swayze Greenstone Belt. We look forward to
receiving results from our recently initiated infill drill program on Clam Lake
claim 3011820 as this will help us understand the magnitude of its
mineralization and how it relates to IAMGOLD's Cote Gold Deposit."
Drilling
The objective of the drill program was to test anomalies previously identified
through the Company's Induced Polarization (IP) geophysical work. The IP
anomalies tested were predominately well to the west of the Company's previously
successful drill program on claim 3011820, and included the Chain of Lakes, Clam
Lake claim 3018412, and Chester prospects.
SR-12-10 was collared in mineral claim 3017670 inclined 60 degrees and oriented
to the south some 300 m north of hole SR-12-09 (previously reported in a Company
news release dated June 19, 2012) on cut Line 3 testing an east - west trending
subsurface apparent resistivity anomaly (see Table 1). This concluded the drill
program for the Chain of Lakes area.
The drill was relocated to mineral claim 3018412 testing for extensions of the
gold mineralization from mineral claim 3011820 across to the western shore of
Clam Lake. Holes SR-12-11, SR-12-12 and SR-12-14 - 16 were drilled as a fence
along the western boundary of the mineral claim from north to south in
sequential order at between 50 to 100 m spacing with hole SR-11-13 collared 150
m east on a peninsular in the north-central area of the claim. Again, the
drilling was angled at 60 degrees to horizontal towards the south, allowing for
some slight drift to the west at times, except for hole SR-12-12 which was
drilled due north at 50 degrees as a scissor hole testing gold mineralization
encountered in hole SR-12-11.
Holes SR-12-17 - 21 were drilled south of the Chain of Lakes area on mineral
claim 3017674 targeting parallel IP anomaly trends 2.0 km southwest of the Clam
Lake claim 3011820. Hole SR-12-22 tested an isolated IP anomaly oriented
southeast - northwest in the Chester area within mineral claim 3017665. All the
drilling was angled at 60 degrees to horizontal towards the south, allowing for
some slight drift to the west at times. Locations and results of this drill
program are detailed in the tables below:
Table 1:
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Hole Line East North Projection Dip Azimuth Depth
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SR-12-10 L3 427,000 5,267,550 UTM Zone 17 -60 degrees 175 degrees 501m
SR-12-11 427,910 5,267,012 UTM Zone 17 -60 degrees 175 degrees 505m
SR-12-12 427,908 5,266,975 UTM Zone 17 -50 degrees 000 degrees 110m
SR-12-13 428,085 5,266,919 UTM Zone 17 -60 degrees 170 degrees 503m
SR-12-14 427,919 5,266,865 UTM Zone 17 -60 degrees 175 degrees 409m
SR-12-15 427,935 5,266,766 UTM Zone 17 -60 degrees 180 degrees 200m
SR-12-16 427,946 5,266,715 UTM Zone 17 -60 degrees 180 degrees 102m
SR-12-17 L3 427,000 5,265,050 UTM Zone 17 -60 degrees 180 degrees 559m
SR-12-18 L3 427,000 5,265,110 UTM Zone 17 -60 degrees 175 degrees 458m
SR-12-19 L4 427,200 5,265,335 UTM Zone 17 -60 degrees 175 degrees 537m
SR-12-20 L5 427,400 5,265,050 UTM Zone 17 -60 degrees 175 degrees 518m
SR-12-21 L7 427,800 5,264,700 UTM Zone 17 -60 degrees 175 degrees 501m
SR-12-22 L10 428,800 5,265,300 UTM Zone 17 -60 degrees 175 degrees 507m
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5,410m
Sporadic narrow intercepts of gold were encountered in most of the drill holes
(see Table 2) except for the two holes located well to the south (SR-12-21 and
22). The gold results were attributed to quartz veins along strike or parallel
to the Cote Gold Deposit - Clam Lake trend. Interpretation of the data implies
that these narrow zones of gold mineralization may represent stringers
peripheral to the main lode.
Table 2:
From To Length Au
Hole (m) (m) (m) (g/t) Au Cut (25g/t)
SR-12-10 164.5 165.0 0.5 0.5
SR-12-11 11.0 29.7 18.7 1.2 1.0
Including:
SR-12-11 11.0 12.0 1.0 3.4
SR-12-11 29.1 29.7 0.6 32.4 25.0
SR-12-11 401.9 402.4 0.5 1.0
SR-12-11 432.1 432.6 0.5 0.7
SR-12-12 42.7 45.4 2.7 0.5
Including:
SR-12-12 44.7 45.4 0.7 1.2
SR-12-12 59.0 60.0 1.0 0.9
SR-12-12 79.7 80.5 0.8 0.8
SR-12-12 108.7 109.4 0.7 4.5
SR-12-13 15.5 16.3 0.8 0.9
SR-12-13 139.8 140.6 0.8 14.5
SR-12-13 317.3 318.0 0.7 0.3
SR-12-13 370.0 370.6 0.6 0.4
SR-12-14 65.6 66.2 0.6 0.5
SR-12-14 91.2 91.9 0.7 0.3
SR-12-14 149.0 153.0 4.0 0.6
Including:
SR-12-14 152.0 153.0 1.0 1.8
SR-12-14 162.0 163.0 1.0 0.4
SR-12-15 6.0 7.0 1.0 0.4
SR-12-15 102.0 113.0 11.0 0.3
Including:
SR-12-15 107.0 107.7 0.7 1.4
SR-12-15 133.0 134.0 1.0 1.0
SR-12-16 80.7 81.4 0.7 0.8
SR-12-17 22.0 23.0 1.0 0.4
SR-12-17 53.0 54.0 1.0 0.7
SR-12-17 129.7 130.5 0.8 0.6
SR-12-17 230.0 231.0 1.0 0.4
SR-12-17 404.0 405.0 1.0 0.5
SR-12-18 307.0 311.8 4.8 1.0
Including:
SR-12-18 308.0 309.0 1.0 3.1
SR-12-19 476.0 477.0 1.0 0.4
SR-12-20 386.0 386.7 0.7 0.6
SR-12-21 No significant results
SR-12-22 No significant results
Notes:
1. True widths of intersections are unknown at this time.
2. Mineralized intervals are calculated using the weighted Au average based
on length of sample, a lower cut-off of 0.3 g/t Au and an upper cut-off
of 25.0 g/t Au, including low grade zones no greater than 20 metres in
length.
Soil Sampling
The regional soil-sampling program comprised 1,042 samples at a staggered grid
spacing of 400 metres collecting B horizon soil from till cover to test for gold
anomalism across the property. Interpretation of geochemical anomalies based on
statistical analysis of the complete dataset of assay results defined five areas
of anomalous gold in soil. A further 412 samples were collected from these areas
at a regular grid spacing of 100m. Re-analysis after incorporating the infill
data highlighted one area in the southeast of the property warrants follow up
with ground prospecting and this work is planned for the 2013 summer program.
Silver Butte Prospecting
Fresh mechanized outcrop stripping, mapping and channel sampling at the
pre-existing "Silver Butte" showing just off Highway 144 near the Mesomikenda
Lake turn-off in the eastern part of the property was commenced in 2012. Of
prime focus was the Northern Shear zone Au occurrence where hand stripping,
mapping and channel sampling early in the program revealed an interval of 8.4m @
1.63g/t Au within a 12m outcrop cut in two sections by a diabase dike.
Within the shear zone the rocks have been deformed to a mylonite fabric with
quartz involved with the deformation. There is an overprinting of sericite and
disseminated sulphides that exhibits a positive association with the gold
values. The Northern Shear trends southeast to northwest and is sub-vertical and
lies close to the interpreted gold trend in the area. Mechanized outcrop
stripping has so far revealed 150m of strike extent to the shear zone varying in
width from 5 to 15m. Gold assay results from channel sampling across the shear
zone at intervals of 25m along strike have not been fully collated at this time.
Operational Update
In late December 2012, Sanatana began an infill drilling program on Clam Lake
claim 3011820. The purpose of this approximately 5,000-metre program is to test
the continuity of the gold bearing intervals previously drilled and referred to
in the Company's news releases dated April 20 and June 19, 2012.
Results from this program are expected throughout the first and second quarter
of 2013.
About the Sampling
Drill samples were collected from split NQ2 drill core at a nominal 1 metre
interval breaking at major geological boundaries such that no sample interval
was less than 0.5 metres or greater than 1.5 metres. The samples were submitted
to AGAT Laboratories (AGAT), Sudbury, Ontario for drying, crushing and
pulverization in preparation for analysis of gold by Fire Assay and a suite of
trace elements by ICP methods at the Mississauga, Ontario facility. Gold assay
results measuring over 10 g/t are re-analyzed by Fire Assay using a gravimetric
finish.
AGAT is accredited by the Standards Council of Canada, the Canadian Association
for Laboratory Accreditation and QMI-SAI Global and is an ISO 9001 and 17025
certified analytical laboratory.
A rigorous QA/QC program was implemented as part of the sampling procedures
throughout the drill program. Duplicate, standard and blank samples were
inserted into the sample stream prior to being sent to the laboratory and the
adherence of results to strict parameters was monitored.
Soil samples of approximately 1kg were collected from the B horizon of till and
submitted to ALS Minerals Laboratory, Sudbury. Each sample was dried and sieved
to -63 micrometres and analyzed for Au by trace level 25g aqua regia ICP-MS
method and for 51 elements by aqua regia ICP-MS. Duplicate sample splits were
taken every 20 samples to check sample result variation. Internal lab standards
results were requested to assess sample precision. ALS is an ISO 9001:2008 and
17025 certified analytical laboratory.
Channel samples are collected over approximately 1m intervals from 2-3cm wide
channels cut with a motorized saw using twin diamond impregnated blades to a
depth of 5-10cm. The samples were submitted to SRX Assay Lab, Sudbury for 50g
Fire Assay gravity finish analysis for gold and multi acid digest ICP-MS
analysis for 51 other elements. Results of internal lab duplicates and standards
were requested to gauge sample result accuracy and precision. SRX is an ISO
9001:2008 and 17025 certified analytical laboratory.
About the Company
Sanatana Resources Inc. is a Canadian mineral exploration and development
company focused on its Watershed property in Ontario. Sanatana entered into an
option and joint venture agreement with Trelawney Augen Acquisition Corp.
(formerly Augen Gold Corp.) ("TAAC") which grants Sanatana an option to acquire
up to 51% of the Watershed property. On June 21, 2012 IAMGOLD Corporation
completed its acquisition of Trelawney Mining and Exploration Inc. and became
the sole indirect shareholders of TAAC. With an experienced management team and
board of directors, the Company has the ability required to identify, develop
and fund economic mineral properties. Sanatana is based in Vancouver and is
listed on the TSX Venture Exchange (TSX VENTURE:STA).
The technical portions of this news release were reviewed and approved by Troy
Gill, Exploration Manager for the Company, a "qualified person" as defined by
National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
SANATANA RESOURCES INC.
Peter Miles, President and Chief Executive Officer
Cautionary Statement Regarding "Forward-Looking" Information
Some of the statements contained in this press release are forward-looking
statements and information within the meaning of applicable securities laws.
Forward-looking statements and information can be identified by the use of words
such as "plans", "expects", "intends", "is expected", "potential", "suggests" or
variations of such words or phrases, or statements that certain actions, events
or results "may", "could", "should", "would", "might" or "will" be taken, occur
or be achieved. Forward-looking statements and information are not historical
facts and are subject to a number of risks and uncertainties beyond Sanatana's
control. Actual results and developments are likely to differ, and may differ
materially, from those expressed or implied by the forward-looking statements
contained in this news release. Accordingly, readers should not place undue
reliance on forward-looking statements. The Company undertakes no obligation to
update publicly or otherwise revise any forward-looking statements, except as
may be required by law.
FOR FURTHER INFORMATION PLEASE CONTACT:
Sanatana Resources Inc.
Mr. Peter Miles
President and Chief Executive Officer
604-408-6680 or Toll Free: 1-877-881-6680
604-408-6682 (FAX)
investor@sanatanaresources.com
www.sanatanaresources.com
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