Sanatana Identifies Significant New Gold-Copper Exploration Target
28 Novembre 2017 - 2:00PM
Sanatana Resources Inc. (“
Sanatana” or the
“
Company”) (TSX-V:STA) is pleased to provide this
exploration update to its shareholders.
During the months of September, October and
November, Sanatana was busy conducting exploration on the Jackfish
property. The exploration included a detailed airborne
magnetic survey utilizing Stratus Aeronautics' multi rotor UAV
platform. The survey covered an area of 5.6 square kilometres
over the core of the high priority targets on the Jackfish
property. Infill lines of VLF were collected by Company field
personnel over the Rudy #7 target and between the North and
Hematite Zones. The new geophysical data has greatly enhanced our
knowledge of both the overall structural setting and the numerous
individual mineralized showings on the property. A distinct
magnetic anomaly has also now been tied directly to a significant
copper soil anomaly previously identified on the property.
The coincidence of the soil anomaly with copper values up to 769
ppb combined with a grab sample of mineralized float from the area
that returned assay values of 14.9 g/t Au, 6.5% Cu, 7.5% Pb and 1%
Zn as well as the underlying magnetic signature has elevated the
status of this target to become a high priority for drill
testing.
Peter Miles, President and CEO, stated: “The
newly acquired geophysical data has increased our knowledge and
confidence in the exploration potential of the Jackfish property
and provides evidence of additional styles of mineralization that
may be present. We look forward to commencing a drill program
on our priority targets once final detailed geophysical modelling
is completed and it should be noted that the Jackfish property can
be drilled throughout the winter season.
“Sanatana continues to be active in the
identification and acquisition of additional mineral projects.”
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 that has optioned the Jackfish gold
property in northwestern Ontario. 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-V: STA).
SANATANA RESOURCES INC.
(signed) “Peter Miles”______________ Peter Miles
President and Chief Executive Officer
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.
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.
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