Precious Metals

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the completion of its 2022 Phase I drill program at Tartan Lake. A total of 10 holes (2,900 metres) were completed. Seven holes targeted the McFadden showing, an area of intense quartz-carbonate-tourmaline veining hosted in intensely sheared and deformed volcanics, approximately 1.5 kilometres south of the Main Zone.

The remaining three holes targeted the down-plunge extension of the South Zone approximately 100 meters below hole TLSZ21-05 which intersected 9.59 g/t Au over 11.75 metres, the highest value intercept ever reported at the South Zone (See news release dated October 14, 2021).

Assays for the 2022 Phase I program are expected in June 2022. The Company is currently planning its 2022 Phase II field program, which will: (i) test the extent of the new hanging wall zone identified in hole TLMZ21-12, intersecting 47.56 g/t Au over 5.8 meters, within a wider interval averaging 23.76 g/t Au over 12.6 meters - (See news release dated December 6, 2021); and (ii) conduct a ground reconnaissance program to investigate surficial geology and access to the large chargeability conductor shown in the north-west portion of the recently completed IP data (See Figure 1 below).

Jennifer Boyle, Chief Executive Officer, states that "Our focus has been to increase the mineral resource at Tartan Lake with the objective of outlining the potential to host a million ounces. Our drilling to date has successfully extended both the Main and South Zone to depth, along plunge, reporting grades and interval widths that are among the best intercepts ever reported at Tartan Lake. Our next step is to demonstrate additional mineralization distal to the two known resource areas. Based on the available data, McFadden was the most advanced target, demonstrating similar lithologies to the known gold bearing areas with promising surface results. The winter IP survey identified additional untested drill targets within the claim block that we plan to systematically test as part of our continued exploration effort. The Tartan Lake mine shut down in 1989 when the price of gold fell below USD$400, leaving behind a developed ramp system to the known mineral resource. The project has never been systematically evaluated since the closure of the mine. Tartan Lake is located in the heart of the most significant VMS district in the world, where several, high grade copper- zinc-gold deposits have been discovered and mined."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3276/125236_18e529e24469d9e3_002.jpg

Figure 1: Induced Polarization Survey Tartan Lake Mine Project - Winter 2022

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3276/125236_18e529e24469d9e3_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/125236

News Provided by Newsfile via QuoteMedia

BUD:CA
Satori Resources

Satori Resources


Keep reading...Show less
Satori Resources: Developing the 100% Owned Tartan Lake Gold Mine Project, CEO Clip Video

Satori Resources: Developing the 100% Owned Tartan Lake Gold Mine Project, CEO Clip Video

Satori Resources Inc. (TSXV: BUD) (OTCQB: STRRF They're currently focused on a dual track program of evaluating the former operating high-grade gold mine. BTV chats with President & CEO, Jennifer Boyle to learn more.

If you cannot view the video above, please visit:

https://b-tv.com/satori-resources-developing-the-100-owned-tartan-lake-gold-mine-project-btv-investing-news-ceo-clips-60sec

Satori Resources Inc.(TSXV: BUD) (OTCQB: STRRF)

https://satoriresources.ca/

About CEO Clips:

CEO Clips is the largest library of publicly traded company CEO videos in Canada and the US. These 60 second video profiles broadcast on national TV and online via 12 financial sites including: Thomson Reuters, Bloomberg, Yahoo! Finance and Stockhouse.com.

BTV - Business Television/CEO Clips

Discover Companies to Invest in

www.b-tv.com

Contact: Trina Schlingmann (604) 664-7401 x 5 trina@b-tv.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/127152

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Satori Moves Drill Locations and Engages Investor Relations

Satori Moves Drill Locations and Engages Investor Relations

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce that drilling at the South Zone has now commenced at the Tartan Lake Gold Mine Project, after having completed diamond drilling at a remotesatellite target area (McFadden) located 1 kilometre south-east of the known Main ZoneSouth Zone deposit.

Ongoing drilling at South Zone is testing the down plunge extent of the known mineralization, where three holes are planned to target a potential high-grade chute within the South Zone at depths below Satori's previous drilling, along 150 meters of strike length.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Satori Commences Drilling and Preliminary Work for an IP Survey

Satori Commences Drilling and Preliminary Work for an IP Survey

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce that a drilling campaign and preliminary work to complete an IP survey are underway at the Tartan Lake project, Flin Flon, Manitoba.

The first 2,000 metres of a 5,000 metre drilling campaign has commenced at the McFadden Zone, a 30 metre by 40 metre stripped shear zone outcrop located 1 kilometre south-east of the known Main Zone deposit. Drilling at McFadden will precede the 3,000+ metre drill program planned to further test the Main Zone, the South Zone, and the interpreted new Hanging Wall Zone, which returned the second highest value intercept ever recorded at Tartan Lake at hole TLMZ21-12, intersecting 47.56 g/t Au averaged over 5.8 meters, within a wider interval averaging 23.76 g/t Au over 12.6 meters (See news release dated December 6, 2021).

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Satori Plans for Step Out Drilling Targeting Recent Interval of 47.56 g/t Gold over 5.8 Metres

Satori Plans for Step Out Drilling Targeting Recent Interval of 47.56 g/t Gold over 5.8 Metres

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce that it has received its Exploration Permit for the 100% owned Tartan Lake Project, Flin Flon, Manitoba, which is valid for a three-year period and allows for 155,000 meters of drilling. The Company plans to resume drilling early in this first quarter with a 5,000 metre phase II drill program that will include a series of deep holes testing the extent of the recently announced high grade mineralization in hole TLMZ21-12, which intersected an average 47.56 gt Au over 5.8 meters, within a wider interval averaging 23.76 gt Au over 12.6 meters. This is the second highest value intercept ever recorded at Tartan Lake with over 500 holes completed to date, and was one of the top 5 high grade drill intercepts reported last year according to Streetwise Reports (122821) (Counting Down Top Drill Holes of 2021 (streetwisereports.com). In addition to following up on the high grade intercept, the Company plans continue to expand the South Zone to depth, and to begin drill testing targets along the property's wide shear zone, outside of the current resource areas.

The high-grade mineralization intersected in hole TLMZ21-12 was found in the hanging wall of the Main Zone, and is associated with pyrite rich felsic volcanics, not the massive quartz-carbonate veins that typically denote high grade mineralization at both the Main and South Zones. The interval returned consistent gold grades throughout the entire interval (Ref. Table 1.0). This new mineralization is interpreted to be sub-vertical and is open in all directions. The association of the high grade intercept with a felsic volcanic unit, the absence of quartz-carbonate veining, the increased sulphide content, and the location in the hanging wall of the Main Zone, collectively, indicate that this may be a potential new zone of mineralization. This new zone lies to the west and is deeper than all the historical drilling tracing the Main Zone.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Satori Closes Private Placement Financing

Satori Closes Private Placement Financing

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce that it has closed its private placement offering for gross proceeds totaling $2,144,050. The Company issued 7,154,737 flow through common shares at a price of $0.19, and 5,231,000 common shares at a price of $0.15 per share.

The proceeds from the issuance of flow through common shares shall be used for exploration activities that qualify as Canadian Exploration Expenses under the Income Tax Act (Canada), and proceeds from the issuance of common shares shall be used for working capital.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Results of the Annual General Meeting

Results of the Annual General Meeting

Freegold Ventures Limited (TSX: FVL) (Frankfurt: FR4N) (OTCQX:FGOVF) (" Freegold " or the " Company ") is pleased to provide the results of the 2022 Annual General Meeting of Shareholders held on June 30, 2022 (the " Meeting ") and announces that all matters set out in the Management Information Circular dated May 16, 2022 (the " Circular ") were approved by the shareholders of the Company. A total of 96,220,856 shares were voted representing approximately 28.49% of the outstanding shares of the Company.

Freegold Ventures Limited Logo (CNW Group/Freegold Ventures Limited)

The following nine nominees were elected as directors of Freegold. The detailed results of the vote for the election of directors are set out below:

Nominee

# of Votes
For

% of Votes
For

# of Votes
Withheld

% of Votes
Withheld

Ron Ewing

95,557,011

99.31

663,845

0.69

Kristina Walcott

95,500,536

99.251

720,320

0.749

Alvin Jackson

95,263,691

99.005

957,165

0.995

David Knight

95,588,240

99,343

632,616

0.657

Gary Moore

82,186,891

85.415

14,033,965

14.585

Garnet Dawson

83,083,990

86.347

13,136,866

13.653

Gregory Hanks

95,588,962

99.343

631,894

0.657

Glen Dickson

81,101,224

84.287

15,119,632

15.713

Reagan Glazier

96,161,212

99.938

59,644

0.062

At the Meeting, the Company's shareholders also approved the appointment of Davidson & Company LLP, Chartered Professional Accountants as the auditors of the Company for the ensuing year.

Each of the matters voted upon at the Meeting is discussed in detail in the Circular, which is filed under the Company's profile at www.sedar.com .

About Freegold Ventures Limited

Freegold is a TSX listed company focused on exploration in Alaska and holds through leases the Golden Summit Gold Project, near Fairbanks , as well as the Shorty Creek Copper –Gold Project near Livengood. Drilling remains ongoing at Golden Summit.

Some statements in this news release contain forward-looking information, including without limitation statements as to planned expenditures and exploration programs. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include without limitation the completion of planned expenditures, the ability to complete exploration programs on schedule and the success of exploration programs. See Freegold's Annual Information Form for the year ended December 31st, 2021 filed under Freegold's profile at www.sedar.com for a detailed discussion of the risk factors associated with Freegold's operations.

SOURCE Freegold Ventures Limited

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/30/c3703.html

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
Bravada Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants and Updates Wind Mountain Program

Bravada Announces the Extension of the Expiry Date of Certain Common Share Purchase Warrants and Updates Wind Mountain Program

Bravada Gold Corporation (TSXV: BVA) (FSE: BRTN) (OTCQB: BGAVF) (the "Company" or "Bravada") reports that the Company will be extending the exercise period of a total of 6,434,000 share purchase warrants, all of which are exercisable at $0.12 per share (collectively, the "Warrants"). The Warrants were issued on July 23, 2018, pursuant to a private placement (see news release NR-07-18) and are scheduled to expire on July 23, 2022. The Company proposes to extend the expiry by one (1) year, and accordingly, the new expiry date for the warrants will be July 23, 2023.

All other terms and conditions of the Warrants remain unchanged. The Warrant extension is subject to acceptance by the TSX Venture Exchange.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Snowline Gold Encounters Widespread Mineralization in 340 Metre Step-Out at Its Valley Zone and Mobilizes Second Drill

Snowline Gold Encounters Widespread Mineralization in 340 Metre Step-Out at Its Valley Zone and Mobilizes Second Drill

  • Moderate to intense sheeted quartz veins throughout 415 m drill hole at Valley (V-22-007), with 26 instances of trace visible gold noted from 19 m to 388 m depth
  • Hole represents 340 m step-out along strike of system from 2021 discovery drilling
  • Second drill now active at Valley; its first hole (V-22-008) encountered sheeted quartz mineralization 460 m away from nearest drill hole
  • Drilling ongoing, with assay results and full drill core evaluations pending.

Snowline Gold Corp. (CSE:GD)(OTCQB:SNWGF) (the "Company" or "Snowline") is pleased to announce that it has encountered 415 m of nearly continuous mineralization downhole from bedrock surface in V-22-007 at its Rogue Project's Valley Zone in Canada's Yukon Territory. Hole V-22-007 was a 340 m step-out along-strike to the southeast of 2021 drill hole V-21-003 (which intersected 168.65 m averaging 1.25 gt Au from bedrock surface). A second drill rig mobilized to site and has completed drilling V-22-008, which intersected sheeted quartz veins 460 m from the nearest hole to date, further expanding the footprint of known mineralization at Valley

Snowline Gold Corp., Thursday, June 30, 2022, Press release picture

Snowline Chair and Director Craig Hart comments that "I've seen a lot of rocks and a lot of drill core from many intrusion-related gold systems, but these Valley intersections have the most intense vein densities I've ever seen. There are overprinting vein generations and varying vein orientations which is unusual and further indicates a very robust mineralizing system. To see these vein densities over significant widths is very encouraging. The numerous observations of visible gold and bismuthinite indicate that the system is mineralized, but of course the assay results are required before we get too excited." Dr. Hart is a globally recognized expert in intrusion-related gold systems.

News Provided by ACCESSWIRE via QuoteMedia

Keep reading...Show less
NEVADA SUNRISE CLOSES $1,500,000 PRIVATE PLACEMENT

NEVADA SUNRISE CLOSES $1,500,000 PRIVATE PLACEMENT

TSX Venture Exchange: NEV

Nevada Sunrise Gold Corporation ("Nevada Sunrise" or the "Company") (TSXV: NEV) (OTC: NVSGF) announced today the closing of its fully-subscribed non-brokered private placement first announced on June 8, 2022 and June 16, 2022 of 7,500,000 units (the "Units") at a price of $0.20 per Unit for gross proceeds of $1,500,000 (the "Offering"). Each Unit consists of one common share of the Company (a "Share") and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase an additional common share (a "Warrant Share") at an exercise price of $0.30 per Warrant Share for a period expiring two years following the closing date of the Offering.

News Provided by Canada Newswire via QuoteMedia

Keep reading...Show less
NEXUS GOLD Plans to Spinout Canadian Assets

NEXUS GOLD Plans to Spinout Canadian Assets

(TheNewswire)

Nexus Gold Corp.

Vancouver, Canada TheNewswire - June 28, 2022 Nexus Gold Corp. (" Nexus Gold " or the " Company ") (TSXV:NXS ) ( OTC:NXXGF ) ( FSE:N6E) announces its intent to spinout (the " Spinout ") the Company's existing Canadian projects (collectively, the " Canadian Projects "), which include the McKenzie Gold Project, located in Red Lake, Ontario, and the 13,000-hectare Cyclone Gold-Nickel-Copper project, located in the James Bay region, Quebec.

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
TomaGold reports the outcome of its annual meeting

TomaGold reports the outcome of its annual meeting

TomaGold Corporation (TSXV: LOT) (OTCQB: TOGOF) (" TomaGold " or the " Corporation ") is pleased to report the results of its annual general and special meeting of shareholders, which was held today on a hybrid basis. All the nominees listed in the Corporation's management proxy circular dated May 30, 2022, were re-elected as directors.

Shareholders holding 53,106,180 shares, or 33.04% of TomaGold's issued and outstanding shares were present or represented by proxy at the meeting.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×