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.
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 firstname.lastname@example.org