western pacific minerals ltd.

Sanatana Reports on Gold Rush Project Geophysical Surveys

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 and CSAMT geophysical orientation surveys completed over North Shaft and North Vein prospects.
  • Both prospects "light-up" as conductors, and new conductors between the two prospects have added drill targets.
  • Further line cutting is underway over other prospects on the property and over historic OGS MegaTEM conductors.
  • A new company presentation is available on the website.

Sanatana Resources. (TSXV: STA) ("Sanatana" or the "Company") reports on its ongoing exploration program at the Gold Rush project near Timmins, Ontario having completed airborne drone, line-cutting and IP resistivity and CSAMT surveys.

Buddy Doyle, President, comments, "These surveys have provided excellent insight into the geology of the Gold Rush property, which will allow us to develop a drill program to target prospective areas. We plan to begin drilling in March 2021."

The drone magnetic survey was flown at 50m line spacings on a NE-SW grid by Stratus Aeronautics Inc. of Burnaby, BC. The survey was designed to aid in geological mapping. Results are shown in figure 1:

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2534/73543_45551c38f4e29a28_002.jpg

Figure 1 Magnetic data with structural interpretation

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/2534/73543_45551c38f4e29a28_002full.jpg

The survey highlights that eight quartz vein gold prospects on the Gold Rush property are associated with either N-S structures (which host the De Santis, De Santis South and Staten prospects) or with structures trending at 340 degrees (which host the North Vein and North Shaft prospects). Some prospects occur at the intersection of these two trends.

Magnetic data also highlights the E-W trending Massey-Turnbull fault as a broad linear magnetic low. Magnetic low anomalies can result from magnetite destruction by mineralizing fluids, and if so Massey-Turnbull becomes an attractive exploration target, especially where it intersects gold-bearing structures such as the 3 Mile quartz vein. The exploration paradigm is that structures with known gold mineralization become prospective along strike, especially where they jog, deflect or intersect other structures.

The Company also completed a line-cutting and IP/ resistivity survey on a five line, 100m-spaced 1.5km grid cut through forests and wetlands to survey the North Shaft and North Vein gold prospects. The objective was to conduct geophysical orientation surveys over these known gold-bearing quartz veins. The line-cutting and IP/resistivity survey was undertaken by Exsics Exploration Ltd. of Timmins, Ontario and the CSAMT survey was completed by Clearview Geophysics Inc. of Brampton Ontario.

Figure 2 shows the location of these surveys and a N2 plan view for the IP/ resistivity and a 75m depth slice for the CSAMT. There is no IP response over known quartz veins but both IP/ resistivity and CSAMT methods show a conductive response around the quartz veins. The IP / resistivity method shows a diffuse response as the method determines averages of bulk earth and CSAMT shows a sharper response more suitable for planning drill holes. Line cutting of infill 50m spaced lines is underway. The Company plans to undertake more CSAMT surveys to better define drill targets.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2534/73543_45551c38f4e29a28_003.jpg

Figure 2 IP/Resistivity. CSAMT plans.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/2534/73543_45551c38f4e29a28_003full.jpg

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 focused on high-impact properties in Canada and the Western Pacific. With an award winning technical team and experienced management and board of directors, Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (TSXV: STA).

Sanatana Resources INC.

(signed) "Peter Miles"______________

Peter Miles
Chief Executive Officer

For additional information on the Company, please contact Mr. Peter Miles, Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.

To be added to the email distribution list, please email ir@sanatanaresources.com with "Sanatana" in the subject line.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/73543

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Colorful mineral rocks with "5 Top Canadian Mining Stocks This Week" text.

Top 5 Canadian Mining Stocks This Week: St. Augustine Rises 67 Percent on Private Placement

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX, TSXV and CSE, starting with a round-up of Canadian and US news impacting the resource sector.

A new report released on Wednesday (June 11) by Canada’s Climate Institute suggests Canada risks missing out on a C$12 billion market for critical minerals should the government not enact policy to drive investment in Canada’s mining sector.

The report outlines a growing need for minerals like copper, cobalt, lithium, nickel, graphite and rare earths, all of which are found in Canada. These critical minerals are all used to produce goods needed for the energy transition, from photovoltaics to electric vehicles.

Keep reading...Show less
Canoe on the shore of Boundary Lake, Minnesota, with "Weekly Editor's Picks" text overlay.

Editor's Picks: Trump to Lift Minnesota Mining Ban, Dundee Buys Adriatic, China Tightens Rare Earth Grip

Here's a quick recap of some of the most impactful resource sector news items for the week.

The period saw the Trump administration move to reverse a Biden-era ban on copper and nickel mining near Minnesota’s Boundary Waters, while Dundee Precious Metals (TSX:DPM,OTC Pink:DPMLF) penned a deal for assets in Bosnia and Herzegovina and Serbia, and China exerted control over rare earth mines in Myanmar.

Keep reading...Show less
Juggernaut Exploration (TSXV:JUGR)

Juggernaut Files for Approval of Private Placement Financing

Juggernaut Exploration Ltd. (TSX-V: JUGR) (OTCQB: JUGRF) (FSE: 4JE) (the “Company” or “Juggernaut the Company is pleased to announce that it has filed documents with theTSX Venture Exchange (the “Exchange”) seeking conditional approval of its $0.64 unit (“Unit”) private placement financing (the “Financing”) for aggregate gross proceeds of $1.1 million.

The Financing consists of 1,718,731 Units, each Unit consisting of 1 common share of the Company and 1 common share purchase warrant, each warrant being exercisable at $0.84 for 5 years, subject to the right of the Company to accelerate the exercise period to 30 days if, after the 4-month hold has expired, shares of the Company close at or above $1.50 for 10 consecutive trading days. Proceeds of the Financing will be used for general corporate and operating purposes.

Keep reading...Show less
Empire Metals

Empire Metals Limited Announces Warrant Exercise

Empire Metals Limited ("Empire" or "the Company") (LON:EEE)(OTCQB:EPMLF), the AIM-quoted resource exploration and development company, announces that it has received notification from SP Angel Corporate Finance LLP, Nominated Adviser and Broker to the Company, of the exercise of a warrant over 70,000 new ordinary shares of no par value in the share capital of the Company (the 'New Ordinary Shares') at a price of £0.06 per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £4,200. The Company has also received notification from Shard Capital Stockbrokers, Broker to the Company, of the exercise of a warrant over 689,988 new ordinary shares of no-par value in the share capital of the Company (the 'New Ordinary Shares') at a price of £0.105 per share. Accordingly, the Company has today issued the New Ordinary Shares to the warrant holder for an aggregate cash value of £72,448.74.

Keep reading...Show less
Aston Bay (TSXV:BAY)

Aston Bay and American West Metals Announce Drilling Preparations Underway at the Storm Project, Nunavut, Canada

Camp opening and logistics have commenced with geophysics and drilling to follow in the coming weeks

Aston Bay Holdings Ltd. (TSXV:BAY)(OTCQB:ATBHF) ("Aston Bay" or the "Company") is pleased to announce the commencement of activities at the Storm Copper Project ("Storm" or the "Project") on Somerset Island, Nunavut. American West Metals Limited ("American West"), the Project operator, is conducting the exploration program. Aston Bay and American West have formed a 20/80 unincorporated joint venture with respect to the Storm Project property, with Aston Bay maintaining a free carried interest until a decision to mine is made upon completion of a bankable feasibility study.

Keep reading...Show less
Osisko Metals (TSXV:OM)

Osisko Metals Intersects 0.33% Cu Over 258 Metres at Gaspé

Includes 15.6 Metres Averaging 1.47% Cu and 8.5 g/t Ag

E Zone Skarn Returns 29.7 Metres Averaging 1.92% Cu and 15.2 g/t Ag

Keep reading...Show less

Latest Press Releases

Related News

×