Sanatana’s Scout Drilling Reveals Continuous Gold-Bearing Structure North Shaft Prospect, Gold Rush Project, Timmins Ontario

- August 9th, 2021

Highlights: Anomalous gold encountered in a shear hosted quartz vein. Consistent 1m to 5m of >0.5 gt gold in all but one of the seven holes drilled to test this structure. Best assays include 6.35 gt over 0.75m at surface, 2.45 gt 55-56m in NS-21-04 and 2.08 gt 54-55m in NS-21-05. First persistent mineralization ever discovered on the property. Drilling has shown 150m in strike 100m depth, open in all directions. …

Highlights:

  • Anomalous gold encountered in a shear hosted quartz vein.
  • Consistent 1m to 5m of >0.5 g/t gold in all but one of the seven holes drilled to test this structure.
  • Best assays include 6.35 g/t over 0.75m at surface, 2.45 g/t 55-56m in NS-21-04 and 2.08 g/t 54-55m in NS-21-05.
  • First persistent mineralization ever discovered on the property.
  • Drilling has shown 150m in strike 100m depth, open in all directions.
  • Mineralization shows a Ag,Bi,Mo,Te and W , “Kirkland Lake” type element association.

Sanatana Resources Inc. (TSXV: STA) (“Sanatana” or the “Company”) has completed its first pass scout drill program on the Gold Rush project, located 25km west of Timmins. A total of 23 holes NQ diameter (3,113m) were completed on seven separate prospects. All holes intersected quartz veins, alteration and sulphides. There are numerous quartz vein hosted gold showings on the property and this scout program was designed as an initial test into the several most accessible prospects to help prioritise and focus future exploration on the project. The Company is releasing the results by prospect as results come to hand. Prospects that return the most interesting results will by prioritized for further work.

At the North Shaft Prospect, the company completed seven NQ diameter holes, drilled in a series of three fences 50m apart. Previous surface channel sampling had revealed a NW-SE structure hosting gold. The drilling targeted this structure with a hole drilled at 45 degrees dip, and a second hole drilled from the same setup at between 60-70 degrees dip designed to intersect the structure at a greater depth. The middle fence received a third hole that stepped back and tested the structure at an even greater depth. Additionally, two small AQ diameter man portable drill holes were completed. This prospect received the most attention as the drilling revealed a shear zone with quartz veins with albite and ankerite and sulphides, all good visual signs of mineralization.

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Figure 1. Plan View of the North Shaft Project

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The inset on top right shows location on the property, and the inset on bottom left shows representative cross sections. Drill holes with traces, Arrows point to location of quartz veins with >0.5 g/t Au assays

The assay results from all holes returned elevated gold from the quartz vein, the results greater than 0.5g/t Au are listed in Table 1 while the location of the drill holes and their orientation are set out in Table 2. The results defined a 1m to 5m wide vein that strikes over 150m from surface to 100m depth. It strikes from NW (310 degrees) to the SE (130 degrees). It is open in all directions and demonstrates the mineralized zone dips to the NE at about 60 degrees

Table 1 – Drill Hole Results Greater Than 0.5 g/t

Drill hole Core Size From To Interval Au (Gold)
NS-2021-01 NQ No significant result      
NS-2021-02 NQ 53m 54m 1m 0.67 g/t
    73m 74m 1m 0.74 g/t
NS-2021-03 NQ 48m 50m 2m 0.64 g/t
NS-2021-04 NQ 64m 68m 4m 1.49 g/t
NS-2021-05 NQ 54m 55m 1m 2.08 g/t
    57m 60m 3m 1.02 g/t
NS-2021-06 NQ 64m 65m 1m 0.96 g/t
NS-2021-07 NQ 108m 113m 5m 0.79 g/t
GR-21-01 AQ 52m 53m 1m 0.93 g/t
GR-21-02 AQ 59.85m 60.85 1m 1.08 g/t

Table 2: Location of the Drill Holes and Their Orientation.


Drill hole

Easting

Northing

Bearing

Dip

TD (m)
NS21-01 448702 5369995 215 45 123
NS21-02 448702 5369995 215 65 144
NS21-03 448661 5370023 215 45 119
NS21-04 448661 5370023 215 70 120
NS21-05 448743 5369966 215 45 120
NS21-06 448743 5369966 215 75 103
NS21-07 448720 5370020 215 45 165
Total         894
           
Drill hole Easting Northing Bearing Dip TD (m)
GR21-01 448640 369963 85 45 101
GR21-02 448765 5369882 35 45 80
Total         181

The Core was split in half by diamond saw in Timmins in 1 m intervals. Samples were then shipped by bonded freight to TSL Laboratories of Saskatoon (“TSL”) in small batches with appropriate chain of custody controls in place. On receipt, TSL’s sample preparation includes crush, riffle split and pulverize each core sample to generate a reject (70% at -10 mesh) and 250-gram pulp (95% at -150 mesh). A 30-gram aliquot of each pulp undergoes Au fire assay/AA analysis and another 0.25 gram aliquot undergoes ICP multielement analysis using multi-acid digestion. Over-limit gold results are re-assayed using fire assay/ gravimetric finish. TSL commits to internal QA/QC protocols that include inserting repeats, certified and in-house standards at regular intervals to provide quality analyses. TSL Laboratories is independent of Sanatana.

Sanatana also implements quality assurance and quality control (QA/QC) protocols on every 20th sample that include insertion of blanks and standards, and requesting pulp duplicates from the laboratory. The Company logs, samples and stores drill core at a secure facility in Timmins. Sample shipments are tracked using chain of custody protocol that ensures no samples are lost or tampered with during transit.

The multi-element ICP assays showed that the gold is associated with silver, with an average ratio of 5:1 Ag to Au. The elements bismuth, molybdenum, tellurium and tungsten are also correlated with the gold, as well as elevated >0.5% sulphur.

The drilling focused on the eastern structure at the North Shaft prospect exposed by the stripping campaign conducted earlier by the Company. The Company plans to return to the prospect with the light portable AQ size rig and to (a) search for strike extension of this vein, it is often the case that the grade can improve along the structure and at depth; and (b) drill test the yet to be tested western trend present at the prospect as confirmed by surface channel sampling

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.

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