satori laser

Satori Identifies New Zone at Tartan Lake with the Second Highest Grade Drill Hole in Tartan Lake History Intersecting 5.80 metres Averaging 47.56 g/t Gold

  • TLMZ21-12 intersected 5.80 metres averaging 47.56 g/t Au within a broader interval of 12.60 metres averaging 23.76 g/t Au
  • Intersection is interpreted to be a new zone of mineralization, sub-parallel to the Main Zone
  • TLMZ21-12 includes the second highest grade interval ever reported at Tartan Lake

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce additional results from the completed Phase One drill program at the 100% owned Tartan Lake property, Flin Flon, Manitoba.

TLMZ21-11 and TLMZ21-12 both targeted the down plunge continuation of the Main Zone mineralization, approximately 100 metres to the west of TLMZ21-01 (4.15 metres averaging 9.73 g/t Au) and 75 and 150 metres below the historic holes defining the resource limits.

Both holes intersected two distinct zones of mineralization. A hanging wall ("HW") zone, not observed in the earlier holes, completed 100 metres to the east, associated with quartz-feldspar intrusives, and was intersected 20-25 metres above the quartz-carbonate-tourmaline veins defining the Main Zone.

TLMZ21-12 intersected 5.80 meters averaging 47.56 g/t Au in the HW zone followed by a Main Zone intercept of 1.60 metres averaging 7.25 g/t Au (Ref. Figure 1.0 and Table 1.0). The Company advises that results of the standard screen metallic assays for the HW zone are pending. The Company believes that it is unlikely the screen metallic results will materially affect the reported results.

TLMZ21-11 intersected 5.25 metres averaging 2.25 g/t in the HW zone followed by 2.10 metres averaging 8.87 g/t Au in the Main Zone (Ref. Figure 1.0 and Table 1.0).

Jennifer Boyle, Chief Executive Officer, states that "These latest results clearly demonstrate that additional discovery potential exists at depth along the Main Zone plunge. Over 500 drill holes have been completed at Tartan Lake. To have one hole of a small drill program intercept the second highest grade ever reported at Tartan Lake is a very encouraging result. The hanging wall mineralization intersected in hole TLMZ21-12 may represent a new zone of gold mineralization that parallels the Main Zone. The signature quartz-carbonate veining is absent in the hanging wall zone. The high-grade mineralization is associated with felsic intrusives and increased sulphide content, which is further evidence suggesting that the hanging wall mineralization could reflect a new zone of mineralization. Additional drilling to evaluate the extent of the hanging wall mineralization at depth to the west is certainly a priority for 2022. We are currently finalizing a ground based induced polarity ("IP") survey of the Main, South, McFadden and Ruby Lake targets. We believe that the IP survey will identify additional, undrilled targets within the host shear zones. Our plan is to complete the IP survey in Q1-2022 and start a follow up drill program late in Q1-2022."

Table 1.0 - Summary of Results TLMZ21-11 and 12, TLSZ21-10

Target Hole ID From To Interval (1) Grade Zone
(metres) (metres) (metres) (Au g/t)
Main Zone TLMZ21-11 715.25 720.50 5.25 2.15 HW
and 732.15 738.95 6.80 5.53 Main
including 736.85 738.95 2.10 8.87
TLMZ21-12 769.00 781.60 12.60 23.76 HW
including 770.90 776.70 5.80 47.56
and 799.80 813.00 13.20 3.14 Main
including 805.40 807.00 1.60 7.25
South Zone TLSZ21-10 No significant values South

 

Table 2.0 - Tartan Lake Highest Value Intercepts - Project to Date

Rank Hole ID From To Interval (1) Grade Grade x Interval Zone
(#) (metres) (metres) (metres) (Au g/t) (gram meters)
1 NUG324 (2) 43.69 46.37 2.68 151.16 405.11 Main
2 TLMZ21-12 770.90 776.70 5.80 47.56 275.85 HW
3 NUG222 (2) 41.84 45.00 3.16 83.34 263.35 Main
4 NAP43 (2) 64.00 67.20 3.20 78.54 251.33 Main
5 NUG136 (2) 51.43 55.19 3.76 58.00 218.08 Main
6 NUG221 (2) 25.39 36.96 11.57 17.35 200.74 Main
7 NUG189 (2) 90.58 99.12 8.54 23.25 198.56 Main
8 NAP86 (2) 221.59 231.83 10.24 18.77 192.20 Main
9 NAP112W4 (2) 187.19 193.33 6.14 29.89 183.52 Main
10 NUG255 (2) 17.39 20.08 2.69 67.31 181.06 Main

 

(1) Interval is measured down hole. There is insufficient information to estimate true width at this time.
(2) Historical interval.

Figure 1 Longitudinal Section - Main Zone

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3276/106810_24abe33704360bfd_002full.jpg

Wes Hanson P.Geo., Director of Satori, is the qualified person who has reviewed and approved the contents of this press release.

ABOUT Satori Resources Inc. (TSXV: BUD)

Satori is a Toronto-based mineral exploration and development company whose primary property is expanding the resource at the past producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba.

The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989) which produced 36,000 ounces of gold before the mine was shut down due to, in part, the price of gold falling below USD$390. Remaining infrastructure includes: an indicated resource estimate of 240,000 ounces averaging 6.32 g/t Au (see news release February 23, 2017), an all-season access road, grid connected power supply, mill, mechanical, warehouse and office buildings, tailing impoundment and a 2,100 metre decline and developed underground mining galleries to a depth of 300 metres from surface. Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-west striking, steeply dipping shear zones up to 30 metres in width. The veins vary from several centimetres to several metres in width and gold grades vary from 1.0 to +100 g/t. Satori believes the mineral resources of the project are currently limited by drill coverage.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jennifer Boyle, B.A., LL.B.
President and Chief Executive Officer
Satori Resources Inc.
(416) 904-2714
jennifer@capexgroupinc.com

Mr. Pete Shippen
Chair, Satori Resources Inc.
(416) 930-7711
pjs@extramedium.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/106810

News Provided by Newsfile via QuoteMedia

The Conversation (0)
TSXV:BUD

Canadian Gold

Developing the Past-Producing Tartan Lake Gold Mine Near Flin Flon, Manitoba

Developing the Past-Producing Tartan Lake Gold Mine Near Flin Flon, Manitoba Keep Reading...
Gold nuggets with text: "5 Top Australian Mining Stocks This Week."

Top 5 Australian Mining Stocks This Week: African Gold Shines on Acquisition by Montage

Welcome to the Investing News Network's weekly round-up of the top-performing mining stocks listed on the ASX, starting with news in Australia's resource sector.Gold, rare earths, metals and iron ore are all in this week’s list, with each company’s share climbing on either M&A news or project... Keep Reading...
Frank Holmes, gold bars.

Frank Holmes: Next Gold, Silver Price Calls, Plus Top 2026 Asset

Frank Holmes of US Global Investors (NASDAQ:GROW) shares his forecast for gold and silver.He sees gold testing US$5,000 per ounce next year and then reaching US$7,000 by the end of US President Donald Trump's second term in office. "And I think that silver will be over US$100," he added.Don't... Keep Reading...
Electronic display showing gold price with upward trend indicators.

Gold’s Next Test: WGC Lists 3 Potential Price Scenarios in 2026 Outlook

Investors should brace for continued economic uncertainty and financial market volatility in 2026, the World Gold Council (WGC) warns in its 2026 outlook — and those circumstances could have various effects on gold. After a blistering 2025 that has so far seen the yellow metal hit more than 50... Keep Reading...
Piedra del Peñol, Antioquia, Colombia.

Exploring Investment Opportunities in Colombia’s High-grade Gold Resource

Colombia's mining sector is experiencing a renaissance, with the country's rich mineral resources attracting increasing attention from global investors. At the forefront of this resurgence is the Antioquia region, a historical gold-mining hub that continues to yield impressive results. This... Keep Reading...
PDAC 2026

Registration opens for PDAC 2026: The World’s Premier Mineral Exploration & Mining Convention

The Prospectors & Developers Association of Canada (PDAC) is pleased to announce that registration is now open for PDAC 2026, taking place March 1-4, 2026, at the Metro Toronto Convention Centre in Toronto. The world’s leading gathering for mineral exploration and mining will once again unite... Keep Reading...
Metals One

Placement to Institutional and Sophisticated Investors, Appointment of Joint Broker,Issue of Equity & TVR

Metals One (AIM: MET1, OTCQB: MTOPF), a critical and precious metals exploration and development company, is pleased to announce it has successfully raised gross proceeds of £4.4 million (before expenses) through a placing of new ordinary shares with institutional and sophisticated investors... Keep Reading...

Latest Press Releases

Related News