leadf
logo-loader
viewSanatana Resources Inc.

Sanatana Resources reports high-grade gold, silver sample results from its Gold Rush project in Ontario

The company said first-pass surface sampling and prospecting has identified numerous gold bearing and gold/silver bearing quartz vein systems on the Gold Rush property

Sanatana Resources Inc. -
Sanatana Resources said it is channel sampling the North Shaft prospect ahead of an initial drill program scheduled for 1Q 2021

Sanatana Resources Inc (CVE:STA) Thursday announced that initial grab sample results from its Gold Rush project in Ontario’s Timmins region have returned grades as rich as 27.3 grams per tonne (g/t) gold and 53.5 g/t silver.

The company noted that first-pass surface sampling and prospecting has identified numerous gold bearing and gold/silver bearing quartz vein systems on the Gold Rush property. It also revealed that it has identified a new gold-bearing quartz vein named "DC".

Sanatana Resources President Buddy Doyle said in a statement: "The Gold Rush project represents a unique opportunity within 25km of the Timmins gold camp, where there is a notable concentration of untested gold and gold/silver bearing quartz vein systems. The lack of exploration can be in part explained by historic fractured and piecemeal ownership. Sanatana is both the first company to hold the area under one entity, and the first company to apply a systematic modern exploration approach for precious metals to the large 4km by 7km Gold Rush project."

READ: Sanatana Resources on hunt for gold and copper in Ontario and Solomon Islands

The company added that it has moved to systematic channel sampling at the North Shaft prospect ahead of an initial drill program scheduled for 1Q 2021, with work continuing until freeze up.  

Sanatana has begun close-spaced airborne drone magnetic survey and surface geophysics program in order to explore the more than 90% of the Gold Rush project that remains covered in both boreal forest and glacial till, noting that 12 discreet quartz vein systems have been located in the less than 10% of the project that has been exposed in outcrop.

Sanatana Resources said the focus of its initial exploration activity was to locate, characterize and prioritize the numerous quartz vein systems on the property, noting that samples greater than 5.0 g/t gold have been recovered from the Staten, North Vein, North Shaft and DC prospects.

It added that results are pending from the Leduc, De Santis, De Santis South prospects with several prospects, including 3-mile and NW, not yet sampled.

The 2,200 hectare Gold Rush project near Timmins, Ontario is just 11 kilometres (km) north-west of Pan American Silver’s Timmins West mine where over 750,000 ounces of gold have been produced to date.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Sanatana Resources Inc.

Price: 0.19 CAD

TSX-V:STA
Market: TSX-V
Market Cap: $8.92 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Sanatana Resources Inc. named herein, including the promotion by the Company of Sanatana Resources Inc. in any Content on the Site, the Company...

FOR OUR FULL DISCLAIMER CLICK HERE

Nano One launches M2CAM and named as one of the TSX Venture top 50 companies

Nano One (CVE: NNO- OTC: NNOMF) CEO Dan Blondal joined Steve Darling from Proactive to share news, Nano One has been named of the TSX Ventures top 50 companies. Blondal shares with Proactive what that means for the company and he also shares with Proactive how their proprietary coated single...

14 hours, 23 minutes ago

2 min read