Sanatana Commences Exploration on the Gold Rush Project and Receives Positive Check Sample Assays
17 Août 2020 - 2:45PM
Sanatana Resources Inc. (“Sanatana” or the “Company”) is pleased to
announce that it has commenced exploration on its newly acquired
Gold Rush project (the “Gold Rush Project”) in the Timmins Region
of Ontario. (See news release of July 7, 2020).
As part of the Company's due diligence,
consultant geologist Kevin Kivi, P.Geo visited the Gold Rush
Project and took grab samples from the Lalonde East Shear zone to
verify gold reported previously by prospectors. Nine grab
samples of quartz, chlorite and sericite veins mineralized with
sulphides were collected and hand-delivered to ALS Minerals in
Thunder Bay, Ontario for analysis. Six samples reported over 1 g/t
Au and two reported 4.01 g/t Au and 5.06 g/t Au. Three other
grab samples are anomalous in gold and did not report significant
values. Grab samples are selective samples meant to confirm
the presence of gold. Grab samples are not indicative of the
average grade of mineralization. It is encouraging that the
first samples collected by Sanatana from the property report
appreciable gold.
Peter Miles, CEO, states "We are pleased to be
back actively working in the field and with both the successful
closing of our recent private placement and positive results from
our due diligence check sampling of the property we look forward to
a busy exploration season."
The Company is currently advancing the
permitting required for the next phases of drilling and other
exploration work. Mr. Buddy Doyle is currently on site at the
Gold Rush Project planning exploration which will include
prospecting, mapping, geophysics and channel sampling leading to an
initial drill program once permits are in place.
Samples were assayed for gold by ALS
Laboratories using method Au-AA-23, in which a 30-gram pulp is
analyzed by fire assay with Atomic Absorption finish, a method best
suited for trace-level gold analysis from 0.05 to 10 g/t Au in
rock. ALS Laboratories is an independent laboratory accredited to
ISO/IEC 17025:2017 for specific analytical procedures. The
laboratory has robust quality control and quality assurance
protocols in place and reports analysis of two gold standard
samples and and two blank samples in the small batch of samples
submitted by Sanatana. The company QP implemented secure chain of
custody procedures and relied on Laboratory QA/QC for analytical
precision and accuracy.
The technical information in this news release
was prepared under the supervision of Kevin Kivi P.Geo. Mr. Kivi is
a Qualified Person for the purposes of National Instrument 43-101 –
Standards of Disclosure for Mineral 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
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, Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.
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