viewSanatana Resources Inc.

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

The company said the initial surface sampling and prospecting programs have identified numerous gold-bearing and gold/silver-bearing quartz vein systems on the Gold Rush property

Sanatana Resources Inc. -
Sanatana Resources says an initial drill program on the Gold Rush project is scheduled to begin this quarter

Sanatana Resources Inc (CVE:STA) reported assay results from 3Q and 4Q 2020 sampling at its Gold Rush project in the Timmins region of Ontario, which included 59.2 grams per tonne (g/t) gold and  41.7 g/t silver as well as a sample from the North Shaft prospect in excess of 100 g/t silver.

The company noted that the initial surface sampling and prospecting programs, completed in November, identified what it called numerous gold-bearing and gold/silver-bearing quartz vein systems on the Gold Rush property.

“It is remarkable that with less than 10% of the Gold Rush property exposed in outcrop, eight prospective gold and gold/silver quartz vein systems have been located and sampled,” Sanatana Resources President Buddy Doyle said in a statement.

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

He added: “We look forward to our initial drill program that will test a number of these prospects. We expect to generate other geophysical drill targets once full results are received from our ongoing IP and CSAMT surveys.”

Sanatana said the program’s focus was to locate, characterize and prioritize the numerous quartz vein systems on the property. 

It added that the quartz vein systems, in general, show a 5:1 silver to gold ratio, while the gold-bearing veins on the Gold Rush project show elevated bismuth, molybdenum, tellurium and the DeSantis and Staten prospects also have significant copper.

Sanatana also announced that line cutting and IP and CSAMT geophysical surveys are ongoing in preparation for an initial drill program scheduled to begin this quarter, subject to COVID-19 restrictions, which will target the gold bearing vein systems as well as test the geophysical targets that will be generated from the geophysical program.

The company’s 2,200 hectare Gold Rush project is located 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.

Sanatana Resources also owns the Tirua copper-gold project, which encompasses 282 square kilometres in the Solomon Islands north of Australia and includes a prospecting licence over 16km, in addition to the Santoy project on the northern shores of Lake Superior.

Contact Sean at sean@proactiveinvestors.com

Quick facts: Sanatana Resources Inc.

Price: 0.19 CAD

Market: TSX-V
Market Cap: $8.92 m

Add related topics to MyProactive

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


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...


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...

15 hours, 10 minutes ago

2 min read