About Sanatana Resources
Sanatana Resources (TSXV:STA) is a mineral exploration company with a focus on prospective gold and copper properties in Canada and the Western Pacific.
The Sanatana Resources management team has decades of combined experience in finance and mineral exploration. CEO Peter Miles has served as an advisor to a number of public and private companies in the natural resource sector, including Roughrider Uranium Inc. At the private stage, he financed Roughrider and was later instrumental in the Hathor Exploration Inc.’s acquisition of Roughrider by Hathor, which was later acquired by Rio Tinto plc in 2011 for US$654 million. President Buddy Doyle is a veteran geologist whose track record of success includes the discovery and evaluation of the Lihir Gold Mine in Papua New Guinea and the Diavik Diamond mine in Canada. Doyle is the recipient of the 2004 Hugo Dummitt award for Excellence in Diamond Exploration.
Recent appointee to Sanatana’s Board of Directors, Tom Obradovich, brings extensive knowledge of the Timmins area with his involvement in the successful exploration of the Young-Davidson Mine which was acquired by Northgate Minerals in 2005. Mr. Obradovich career spans 38 years in mining exploration, development and financing and he is a graduate of the Haileybury School of Mines in Mining Technology and Advanced Field Geophysics.
Gold Rush Project
Sanatana’s 2,200 hectare (Ha) Gold Rush project lies near Timmins, Ontario and consists of two claim blocks. It 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. It also lies 7km north of Melkior Resources’ Carscallen project, where recent drill assays showed 25.7 grams per ton (g/t) gold over 6 metres (m). Melkior and Kirkland Lake have recently staked and permitted property packages adjoining Sanatana Gold Rush Project to the south and east.
The well-known Timmins Gold Camp mining district has excellent infrastructure in place, including road access and grid power. The area has easy access via the Montcalm Mine Road which intersects Hwy 101, and several logging roads and trails extend north off of the Montcalm road to provide easy access to the east and west sides of the claim block.
Sanatana previously reported surface work at the North Shaft prospect where stripping uncovered two gold trends, a western trend that crossed the historic prospecting shaft. It trends west for at least 70m and it includes a 27.3 g/t grab sample and a channel sample of 1.94 g/t over 1m; and an eastern trend for over 100m with assays up to 6.35 g/t over 0.75m.
At Gold Rush South, historical work shows that the gold mineralization appears to be controlled by both north-south trending structures such as the DeSantis vein, and by east-west trending structures which have seen very little exploration such as the North Shaft Zone and the Lalonde East Shear.
The DeSantis vein has been mapped for 51.8 meters in length and has a width of 1.22 meters at surface, widening to 1.52 meters at depth. Historical sampling (1972) from the 38-meter level in the south drift returned assays ranging from 4.35 g/t gold to 18.0 g/t gold within the quartz vein. Historical grab sample assays (1983) from trenching returned up to 7.58 percent copper. Grab samples collected in 1998 from trenches to the south of the shaft returned assays up to 77.35 g/t gold.
Tirua Copper Gold Project – Sutakiki Project
The company also plans to explore the copper and gold potential of its Tirua project in the Solomon Islands, as well as the Sutakiki project, a unique partnership with Nuevo Cobre and Sanatana with potential evidence of an unrecognized Porphyry system.
Located north of Australia and east of Papua New Guinea, the Solomon Islands is a stable mining jurisdiction with all the benefits of its geological address in the mineral-rich Pacific Ring of Fire. It contains the Panguna – a world class Copper deposit and the Gold Ridge – a >3m ounce Gold deposit, as well as numerous other mineralized occurrences.
The Tirua copper gold project encompasses 282 square kilometres and includes a prospecting licence over a 16 kilometre wide caldera set in a world class and prolific copper-gold mining region.
The Solomon-PNG Copper-Gold belt contains combined resources of over 158 million ounces of gold, 26 million tonnes of copper and a significant portion of the world’s inventory in these metals.
To learn more about Sanatana Resources, go to https://www.sanatanaresources.com/
To learn more about the Timmins area and to view thw the Timmins map, go to https://digigeodata.com/area/timmins/