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).

The Company plans to drill the Hanging Wall Zone and the Main Zone at greater depths with a drill rig that has deep-drilling capacity. The drilling equipment currently on site has depth capacity for South Zone and McFadden Zone, and allows Satori to access McFadden at this time by winter road.

Jennifer Boyle, Chief Executive Officer, states "The McFadden Zone has been on our radar for quite some time. Drilling at McFadden provides Satori with the opportunity to make a potential new discovery outside of the known Main Zone and South Zone deposits. We are following up on a historical stripped area with surface expressions of extensive quartz-carbonate-tourmaline veining within a significant shear zone, similar to what we are seeing at Main Zone and South Zone. Our recently constructed snow-packed trail system to McFadden has provided more efficient access to four (4) drill pad set-ups, which may have otherwise been more difficult during summer months without helicopter support."

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3276/118129_b239233db4f8bac0_002.jpg
Figure 1: McFadden Zone Geology

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3276/118129_b239233db4f8bac0_002full.jpg

The Company further announces that it has completed the first phase of a two-phase 45 line kilometre Induced Polarization survey. The survey shows several narrow resistive zones and corresponding IP chargeability anomalies that could represent quartz veins within a sulphide enriched shear expression at McFadden.

The survey has also produced several anomalies elsewhere and has generated preliminary targets for drill testing. The grid covers the Main Zone, the South Zone, as well as nearby targets of Ruby Lake, McFadden and N229.

Cannot view this image? Visit: https://orders.newsfilecorp.com/files/3276/118129_b239233db4f8bac0_003.jpg
Figure 2: Satellite Image Tartan Lake Gold Mine Project

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/3276/118129_b239233db4f8bac0_003full.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/118129

News Provided by Newsfile via QuoteMedia

BUD:CA
The Conversation (0)
TSXV:BUD

Canadian Gold


Keep reading...Show less
Satori Commences Fall Drilling Campaign at Past Producing Tartan Lake Gold Mine, Flin Flon, Manitoba

Satori Commences Fall Drilling Campaign at Past Producing Tartan Lake Gold Mine, Flin Flon, Manitoba

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the commencement of its fall drilling campaign at the Tartan Lake Project, Flin Flon, Manitoba.

The Company plans to test the Hanging Wall Zone (in Main Zone) to extend the significant mineralization that was intersected in hole TLMZ21-12, which returned 47.56 g/t Au over 5.8 metres, within a broader interval that averaged 23.76 g/t Au over 12.6 metres (see news release dated December 6, 2021). This intercept isthe second highest value intercept ever recorded at Tartan Lake Main Zone and the Company believes that the physical differences in lithology and mineralization tenor suggest that this could represent the upper portion of a new zone in the hanging wall of the Main Zone trend.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Satori Reports 29.06 g/t Gold over 5.85 Metres in Latest South Zone Drill Holes

Satori Reports 29.06 g/t Gold over 5.85 Metres in Latest South Zone Drill Holes

Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") is pleased to announce the latest drill results from the spring exploration drilling at the 100%-owned Tartan Lake deposit near Flin Flon, Manitoba. Satori's winter drill program focused on shallow holes targeting extensions of the South Zone mineralization down plunge to the west and initial drilling of the McFadden target, a broad area of intense quartz carbonate veining located approximately 1,600 metres south of the South Zone.

Table 1.0 summarizes the drill results from the South Zone drill holes. The most significant intersection was reported in hole TLSZ22-21 which intersected 29.06 g/t Au over 5.85 metres and included 198.5 g/t Au over 0.80 metres. Coarse visible gold was observed in the drill core.

News Provided by Newsfile via QuoteMedia

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 Awaits Assays from 2022 Phase I Drilling Completed at Tartan Lake Gold Mine Project

Satori Awaits Assays from 2022 Phase I Drilling Completed at Tartan Lake Gold Mine Project

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).

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
Gold bar and nuggets with text reading "5 Top Canadian Mining Stocks This Week."

Top 5 Canadian Mining Stocks This Week: Adyton Shines with 61 Percent Gain

Welcome to the Investing News Network's weekly look at the best-performing Canadian mining stocks on the TSX and TSXV, starting with a round-up of Canadian and US data impacting the resource sector.

The S&P/TSX Venture Composite Index (INDEXTSI:JX) was up 0.96 percent on the week to 595.59 by 12:00 p.m. EDT on Friday. Meanwhile, the S&P/TSX Composite Index (INDEXTSI:OSPTX) was up 0.69 percent to 24,133.27 points.

The US Bureau of Labor Statistics released its Employment Situation Summary on Friday (October 4). It reported that September saw nonfarm payroll employment increase by 245,000, beating analysts' estimates of an increase of 140,000 jobs.

Keep reading...Show less
Awale Resources Limited (TSXV:ARIC)

Awale Resources Limited


Keep reading...Show less
  Golden Mile Resources

Further Highly Encouraging Results from Pearl Copper Project in Arizona, USA

Golden Mile Resources Ltd (“Golden Mile”; “the Company”; ASX: “G88”) is pleased to announce the portable X-Ray Fluorescent (pXRF) results from the preliminary field mapping at the Ford Prospect, contained within the Pearl Copper Project (“the Project”). The polymetallic Ford Mine mineralisation is exposed at the surface within an eight-metre wide fault zone. Within this zone is visible copper mineralisation within a broader, intensely iron oxide alteration zone.

Keep reading...Show less
Horizon Minerals Limited

First Ore Mined at Boorara Gold Project

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or the “Company”) is pleased to provide an update on the development of the Boorara Gold Project (“Boorara”).

Keep reading...Show less

Latest Press Releases

Related News

×