canada post timmins

Second Update on Sanatana's Drill Program at Gold Rush Project, Timmins, Ontario

Highlights

  • Seven NQ size holes and two AQ size hole completed on the North Shaft prospect.
  • Brittle ductile shear zone with quartz veins intersected in all holes
  • The main zone widens at depth, strikes for at least 200m and is open in all directions
  • Core samples sent for assay
  • Drill now targeting Elora prospect, an EM anomaly.

Sanatana Resources. (TSXV: STA) ("Sanatana" or the "Company") has completed nine holes (1,075 m) on the North Shaft prospect situated on its 2,353 hectare Gold Rush project, located 25km west of the Timmins. All holes intersected quartz veins, alteration and sulphides.

North Shaft Prospect

Sanatana previously reported surface work at the North Shaft prospect where stripping uncovered two gold trends, a Western trend that crossed the historic prospecting shaft. It trends at 2600 for at least 70m and it includes a 27.3 g/t grab sample and a channel sample of 1.94 g/t over 1m; and an Eastern trend at 1250 for over 100m length with assays up to 6.35 g/t over 0.75m.

Sanatana has focused on drill testing the eastern trend with G4's NQ size core rig. The first hole targeted 50m below the 6.35 g/t sample which occurs in a 4m zone of above >1g/t channel samples. The first drill hole delivered immediate encouragement intersecting a zone of ductile shear and brittle quartz carbonate veins with albite and sulphides 10.7m wide (true width), demonstrating a widening at depth. The next hole drilled from the same location was steepened to drill beneath the first and again intersected the shear with quartz veins now some 24m true width . This pattern of drilling, one shallow dipping hole one steeper dipping hole was used to step out, 50m to west and 50m to the east. For the final hole the drill returned to the original middle section to target the main shear at greater depth. It extended the shear to 100m below the surface with it still open at depth. The drilling shows the shear dips 650 to the north steepening to 750 at depth. The main shear is open in all directions. Drilling also encountered other shear zones apart from the main shear.

Figure 1 shows a plan of the drilling and table 1 lists the collar locations, bearing and dips. A photograph is also included showing an example of the shear and quartz veins.

A second scout drill rig has also been operating at the North Shaft prospect, testing the Eastern trend from the southern side. This drilling also encountered the shear and demonstrated it continues further to the east. The combined drilling shows that the Eastern trend continues for at least 200m strike length and is open to the east and the west. The mineralization is hosted in the intrusive rocks of the Kamakscotia gabbro complex and these consist of gabbro, granodiorite and a fine grained feldspar porphyry. Logging and sampling of the core is nearing completion and samples are being sent to the laboratory in 100-sample batches. The laboratory reports to expect a two- to three-week turnaround.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2534/82254_1580a92c440b1933_001.jpg

Figure 1. Plan View of the North Shaft drilling

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2534/82254_1580a92c440b1933_001full.jpg

Table 1: Location of the Drill Holes and Their Orientation.

Drill hole EastingNorthingBearingDipTD (m)
NS21-01 448702536999521545123
NS21-02 448702536999521565144
NS21-03 448661537002321545 119
NS21-04 448661537002321570120
NS21-05448743536996621545120
NS21-06448743536996621575103
NS21-07448720537002021545165
      
Total 894
      
Drill hole EastingNorthingBearingDipTD (m)
GR21-01 4486403699638545101
GR21-02 4487655369882354580
      
Total181

 

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/2534/82254_1580a92c440b1933_002.jpg

Photograph 1: An example of the main shear zone from Drill hole NS21-07.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/2534/82254_1580a92c440b1933_002full.jpg

Elora Prospect

The G4 NQ drill rig has now moved to test a geophysical target on the central eastern part of the Gold Rush property. A MegaTEM airborne survey, flown by the Ontario geological survey, revealed several EM anomalies on the property. The Elora prospect was selected for drill testing as one of the stronger responses and line cutting and a Max-Min EM ground survey were conducted. Two parallel Max Min responses that extend over 800m N-S were revealed in the survey. The drill will be positioned to test this anomaly.

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.

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 (TSX-V: 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/82254

News Provided by Newsfile via QuoteMedia

The Conversation (0)
Textured copper ribbons weave over a black background.

​Copper​ Market Hit by Major Supply Squeeze as LME Inventories Drop

One of the sharpest copper supply crunches in recent memory is rattling global commodities markets, as inventories at the London Metal Exchange (LME) plummet and the spot price soars.

Bloomberg reported that as of Monday (June 23), copper for immediate delivery was trading at a premium of US$345 per metric ton over three month futures, the widest spread since a record squeeze in 2021.

That dramatic price divergence reflects the market’s acute concerns over access to physical copper, with readily available inventories on the LME falling by around 80 percent this year alone.

Keep reading...Show less
Many copper bobbins and warehouse copper pipes.

Top 10 Copper-producing Companies

Copper miners with productive assets have much to gain as supply and demand tighten.

In May 2024, the copper price hit a new all-time high of US$10,954 per metric ton (MT) on the London Metal Exchange and US$5.20 per pound on the COMEX on the back of increasing demand and growing supply concerns.

Copper is one of the most important resources for the energy transition. However, in recent years, demand for the red metal has outpaced mining supply. While construction and electrical grids have long been major markets for copper, today the rise in demand for electric vehicles, EV charging infrastructure and energy storage applications are emerging drivers of copper consumption.

Another trend driving future copper demand is the rapid urbanization in the Global South, as rural populations migrate to cities, putting pressure on electricity grids.

Keep reading...Show less
White Cliff Minerals

John Hancock to join White Cliff Minerals Board

Astrotricha Capital SEZC appointed Advisors

White Cliff Minerals Limited (“WCN” or the “Company”) (ASX: WCN; OTCQB: WCMLF) is pleased to announce that John Hancock will join the Board of White Cliff Minerals effective 1 August 2025.

Keep reading...Show less
Gavel on books with "5 Top Canadian Mining Stocks This Week" text overlay.

Top 5 Canadian Mining Stocks This Week: Royalties Jumps 183 Percent on Legal Win

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.

Friday (June 20) was the last day for the spring session of Canada’s parliament before its summer break.

On the agenda for the day was a vote on bill C-5, “The One Canadian Economy Act,” which was introduced on June 5.

Keep reading...Show less
Cyprium Metals

Nifty Copper Project Virtual Site Visit

Cyprium Metals Limited (ASX: CYM, OTC: CYPMF) (Cyprium or the Company) invites shareholders to join an investor webinar and live Q&A hosted by Executive Chairman Matt Fifield on Tuesday 24th June 2025. Investors will be guided on a virtual site visit of the Nifty Copper Complex showcasing the sulphide and heap leach resources and extensive brownfield infrastructure.

Keep reading...Show less
Mining Execs Call for Clarity as Canada Eyes Faster Permitting Timelines for Critical Minerals Projects

Mining Execs Call for Clarity as Canada Eyes Faster Permitting Timelines for Critical Minerals Projects

Faster permitting timelines for critical minerals projects could be a welcome game changer for junior mining and resource development companies, but clarity will be key to any meaningful reforms.

This was the sentiment among executives from junior mining companies in a recent panel discussion on Bill C-5, the Canadian government’s new major projects bill that will essentially fast track permitting for “national-interest” projects, including those essential to the country's critical minerals strategy.

The bill proposes the establishment of a Major Projects Office meant to be the single permitting agency for qualified projects that will cut permitting timelines from the typical five years down to two years.

Keep reading...Show less

Latest Press Releases

Related News

×