gt grade

Satori Reports Second High Grade Intercept at South Zone, Returning 8.79 g/t Au over 4.8 Metres

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to report the results from the second hole (TLSZ21-06) drilled at the South Zone, intersecting 8.79 gt Au over 4.8 metres, as part of Satori's Phase II drilling campaign at the 100% owned Tartan Lake Project, Flin Flon, Manitoba. TLSZ21-06 was the second of eight holes completed during Phase II of Satori's 2021 drilling campaign. Hole TLSZ21-06 intersected the South Zone approximately 50 metres down plunge of TLSZ21-05 (9.59 gt Au over 11.75 metres; see news release dated October 7, 2021) (Ref. Figure 1).

  • TLSZ21-06 averaged 8.79 g/t Au over 4.8 metres within a broader interval averaging 5.81 g/t Au over 8.80 metres in the South Zone;
  • A second zone of mineralization returned 14.11 g/t over 2.75 metres, including 37.41 g/t Au over 1.00 metre;
  • A third mineralized zone was intersected 8.0 meters from surface averaging 4.75 g/t Au over 3.00 metres; and
  • The South Zone remains open at depth, down plunge.

The South Zone mineralization strikes east-west with a sub-vertical dip and a steep plunge to the west similar to the plunging high grade system identified earlier this year at the Main Zone, approximately 200 metres to the northwest.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3276/99666_e851a5b534b1bb0d_001.jpg

Figure 1 South Zone Long Section showing grade distribution and location of Holes TLSZ21-05 and TLSZ21-06

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3276/99666_e851a5b534b1bb0d_001full.jpg.

Results of TLSZ21-06 at the South Zone are summarized together with TLSZ21-05 in Table 1.0

Table 1.0 - Significant Results - South Zone

Hole ID
From (m)
To (m)Interval (m)(1)Au (g/t)
TLSZ21-068.0012.754.753.00
Including9.0010.001.008.57
And159.75162.502.7514.11
Including159.75160.751.0037.41
And227.00235.808.805.81
Including231.00235.804.808.79
TLSZ21-05(2)190.30218.1027.804.76
Including194.00210.7516.757.48
198.00209.7511.759.59
Including198.00200.002.0024.23
and206.46209.753.2913.05

 

(1)Interval is measured down hole and does not reflect true width.
There is insufficient information to estimate true width at this time.
(2) Previously reported.

Jennifer Boyle, Chief Executive Officer commented, "These latest results at the South Zone confirm the Company's position that the current resource is under-drilled, and Tartan Lake offers unrealized discovery potential. Tartan Lake is located in one of Canada's most prolific mining districts and is accessible by road on a year round basis. Over the past 15 months our team identified, tested, and demonstrated the potential to expand the mineral resources at both the Main and South Zone targets, at depth. Drilling earlier this year extended the down plunge extent of the Main Zone mineralization by over 200 meters. The goals for the 2021 drilling program are to re-interpret the structural controls of mineralization at Tartan Lake, and begin to define and expand the high grade ore shoots at the Main and South Zones, both of which remain open at depth. We are now seeing similar results at the South Zone, with our initial holes extending the previously defined limits of the mineralization over 100 meters along plunge. Six of the seven holes completed to date intersected anomalous mineralization and we are very encouraged by the results returned."

FIELD PROGRAM UPDATE

Field crews are currently mapping lakeshore exposure at several prospective target areas elsewhere on the property. The dry summer conditions lowered the water table, exposing extensive outcrop at many locations that may not have been exposed in the past.

SAMPLING, QUALITY ASSURANCE AND QUALITY CONTROL

All diamond drill holes are NQ diameter (47.6 mm). Drill core is delivered to a secure logging facility at site where it is photographed, logged for geotechnical and geological data and marked up for splitting. Most samples are collected on 1.0 metre intervals, honouring litho-structural contacts with a minimum sample length of 0.3 metres and a maximum sample length of 1.5 metres. All logging, sampling and splitting is performed under the supervision of the P.Geo. managing the drill program. After logging and sample mark up, the core is split with one half of the core sent for analysis and the remaining half stored at site for future reference. Certified Reference Materials and Blanks are inserted into the sample stream at a rate of one blank and one certified standard for every twenty samples.

Samples are shipped in sealed containers to TSL Laboratories in Saskatoon, Saskatchewan for analyses. All samples are analyzed for gold using a 30 gram lead collection fire assay fusion with an atomic adsorption finish. In addition, certain selected samples are assayed using a 36 element multi-acid ICP-ES analysis method. Samples corresponding with any observed visible gold during logging are flagged for Metallic Screen analysis, as are any samples assaying greater than 5.0 g/t Au. All Quality Control results, including the laboratory's own control samples, are evaluated before public release.

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 the past producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba. Satori also holds a 100% interest in the New Delhi Project, an advanced polymetallic gold project in the Sudbury Mining District, Ontario.

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 from 250,000 tonnes of ore feed. Remaining infrastructure includes: 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. Mineralization at the mine is currently drill limited and open at depth.

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/99666

News Provided by Newsfile via QuoteMedia

The Conversation (0)
TSXV:BUD

Canadian Gold


Keep reading...Show less

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

Patagonia Gold Enters Into Option Agreement With Newmont Corporation

Patagonia Gold Corp. ("Patagonia" or the "Company") (TSX.V:PGDC) is pleased to announce that it has entered into a binding letter agreement dated 1 April, 2025 (the "Option Agreement") with Oroplata S.A., an Argentinean subsidiary of Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) ("Newmont"). The Option Agreement grants Newmont an option (the "Option") to acquire a 100% undivided interest in the Company's Tornado and Huracan gold and silver properties, including a separate exploration permit named "El Diablo" (collectively, the "Properties") in return for making aggregate cash payments of US$ 1,500,000, as described below.

Summary of the Terms of the Option Agreement

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
LaFleur Minerals (CSE:LFLR)

Analyst Report Cites Positive Momentum for LaFleur Minerals with Beacon Mill MOU

Description

A recent analyst update from Red Cloud Securities is emphasizing the significance of a newly signed memorandum of understanding (MOU) between LaFleur Minerals (CSE:LFLR) and Granada Gold Mine, which could accelerate LaFleur’s path to production. The report highlights the company’s progress toward restarting its 100 percent owned Beacon mill and in advancing its Swanson gold project, both located within the prolific Abitibi Gold Belt in Quebec, Canada.

Keep reading...Show less

Newmont Announces First Quarter 2025 Earnings Conference Call

Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM, PNGX: NEM) will release its first quarter 2025 results after North American markets close on Wednesday, April 23, 2025 . A conference call to discuss the results will be held at 5:30 p.m. Eastern Daylight Time the same day , which is 7:30 a.m. Australian Eastern Standard Time on Thursday, April 24, 2025 . A replay of the webcast will be available through the Company's website.

Conference Call Details

Webcast Details

Title: Newmont First Quarter 2025 Earnings Conference Call

URL: https://events.q4inc.com/attendee/482927766

The webcast materials will be available Wednesday, April 23, after North American markets close, under the Investor Relations section of the Company's website. Additionally, the conference call will be archived for a limited time on the Company's website.

About Newmont

Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. The Company's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, the Company has been publicly traded since 1925.

At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. To learn more about Newmont's sustainability strategy and initiatives, go to www.newmont.com .

______________________
1 For toll-free phone numbers, refer to the following link: https://www.netroadshow.com/events/global-numbers?confId=49005

Investor Contact – Global
Neil Backhouse
investor.relations@newmont.com

Investor Contact – Asia Pacific
Natalie Worley
apac.investor.relations@newmont.com

Media Contact – Global
Shannon Lijek
globalcommunications@newmont.com

Media Contact – Asia Pacific
Rosalie Cobai
australiacommunications@newmont.com

News Provided by Business Wire via QuoteMedia

Keep reading...Show less
AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

AGNICO EAGLE ANNOUNCES INVESTMENT IN RUPERT RESOURCES LTD.

Agnico Eagle Mines Limited logo (CNW Group/Agnico Eagle Mines Limited)

Stock Symbol: AEM (NYSE and TSX)

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
North Bay Resources Announces Discovery of Mass Tonnage Gold Deposit up to 149m  Grading 0.95 g/t Au, Fran Gold Project, British Columbia

North Bay Resources Announces Discovery of Mass Tonnage Gold Deposit up to 149m Grading 0.95 g/t Au, Fran Gold Project, British Columbia

North Bay Resources, Inc. (the " Company " or " North Bay ") (OTC: NBRI) is pleased to announce analyses and compilation of prior exploration work at the Fran Gold Project has resulted in the discovery of a mass tonnage gold deposit. This includes review of diamond drilling in 2001, 2005, 2006, 2012, and 2018 as well as geochemical, geophysical and 3D modelling data. Past exploration and development, including over 18,000m (55,000ft.) of diamond drilling, has shown very large intercepts of up to 149m (489 feet) of 0.95 gram per ton gold. The deposit area has been identified to be in excess of 1000m x 100m x 300m within a known strike length of 1700m. This represents an exploration potential of 79,500,000 tonnes at a specific gravity of 2.65. At an average grade of 0.8 grams per tonne the current potential is 2M ounces. There is sufficient data to immediately proceed with a NI 43-101 Compliant Mineral Resource Estimate . The Fran Gold Project is next to Centerra Gold's (TSX:CG) Mt. Milligan Project, with Reserves of 264Mt grading 0.3 gram per tonne gold and 0.2% copper and proximate to Artemis Gold's (TSXV:ARTG) Blackwater Mine, with Proven and Probable Reserves of 334Mt grading 0.8 grams per tonne gold. Both Mt. Milligan and the Blackwater Mine are two of the largest new mines in North America in the modern era. The Blackwater Mine has a Measured and Indicated Resource in excess of 10M ounces of gold.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×