Sanatana Provides Exploration Update
11 Setembro 2019 - 9:56AM
Sanatana Resources Inc. (“Sanatana” or the “Company”) provides this
exploration update.
SOLOMON ISLANDS UPDATE:
Sanatana is pleased to announce that the
acquisition of the Tirua Project in the Solomon Islands has been
conditionally accepted by the TSX Venture Exchange.
Over the summer months, Sanatana field crews
have collected 504 soil samples. The samples are in the
process of being transported to Vancouver and results will be
reported once received by the Company.
The purpose of the sampling program was in part
to sample a magnetic anomaly interpreted to be a possible porphry
copper centre located 7 kms south-west of the focus of previous
exploration and in part to infill previously defined arsenic and
gold soil anomalies with the intent of generating drill
targets.
Buddy Doyle, President, states: “I was fortunate
to be able to visit the southern magnetic anomaly on my most recent
project visit. This underexplored area, approximately 7 kms south
of the bulk of the previous work, has been opened up by forestry
and is therefore more accessible than it has been in the
past. This part of the Tirua caldera is characterized by
large areas of argillic and phyllic alteration outcropping in the
streams which is consistent with our premise that this is a
lithocap profile over a porphyry centre. Several lines of
soil samples were taken from this area and the results may add
further evidence that this is a target of interest.”
EMPRESS PROPERTY UPDATE:
Sanatana has commenced a 400m drill program at
the Empress property located on the Northern shore of Lake
Superior, 18 km east of Terrace Bay via Highway 17, within the
Schreiber-Hemlo greenstone belt, Ontario.
The drill program is planned to test the sub
surface gold mineralization potential down dip of a previously
collected channel sample that returned results of 1.3 g/t Au over
16.2m (including 2.8m @ 5.3 g/t Au) that coincides with an IP
anomaly. The gold mineralization is hosted by a silicified,
sericitic and pyritic schist within the broader shear zone of the
Empress Structure.
The Empress property is under option from Alto
Ventures Ltd. (please see Sanatana’s news release dated June 20,
2019 for complete details)
The information in this news release was
prepared under the supervisions of Troy Gill, BSc. MAIG,
Exploration Manager for Sanatana. Mr. Gill is a Qualified Person
for the purposes of National Instrument 43-101 -- Standards of
Disclosure for Technical Projects and has reviewed and approved the
technical information disclosed in this news release.
About the Company
Sanatana Resources Inc. is a mineral exploration
and development company with an experienced management team and
board of directors. Sanatana is based in Vancouver and is
listed on the TSX Venture Exchange (TSX-V: STA).
SANATANA RESOURCES INC.
(signed) “Peter Miles”______________ Peter Miles
President and Chief Executive Officer
Cautionary Statement Regarding
“Forward-Looking” Information
Some of the statements contained in this news
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.
Neither TSX Venture Exchange nor its Regulations
Services Provider (as that term is defined in policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
For additional information on the Company, please contact:
Mr. Peter Miles, President and Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.
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