Highlights: Teuton Resources Corp. , the project generator behind the approximately $560 million Treaty Creek project, has agreed to subscribe for a $600,000 private placement in Sanatana. The PP will consist of 4,000,000 units priced at $0.15 per unit comprising one share and one-half of a share purchase warrant exercisable at $0.20 for two years. The evaluation of Oweegee and the investment by Teuton provides a strong [...]
Highlights: The Tarn Zone, in the eastern part of the Skowill prospect, was reported to have copper mineralization in our September 16, 2021 news release. This has been confirmed by assay with the best sample returning 0.438% copper and 5.72% zinc . New airborne magnetic data shows the Tarn zone is coincident with a prominent magnetic high, shaped like a tadpole, these samples coming from the head and with the tail [...]
Highlights: The Molloy Zone has been identified as a distinct intrusive phase which hosts strong copper-gold porphyry style mineralization; sample 420022 returned the best values of 1.09% Cu, 3.8 g/t Au and 15.25 g/t Ag. The Molloy zone measures 42 metres at its widest point and 145 metres along strike until being concealed by talus and alpine heather to the southwest; 15 grab samples across this area averaged 0.34% Cu [...]
Sanatana Resources Inc. The Company has granted incentive stock options to a director and a contractor of the Company to purchase up to 600,000 common shares of the Company at a price of $0.16 per share. The stock options are exercisable on or before October 28, 2026 and vest in stages with 25% vesting immediately and the remainder to vest 25% every six months from the date of the grant. Of the options granted, 400,000 [...]
Peter Miles, President and CEO of Sanatana Resources Inc. is pleased to welcome Rose Zanic, CPA, CA to Sanatana's board of directors. Peter Miles, President and CEO, commented "Rose's background in corporate finance complements the current board's skill set. She will chair the audit committee and further enhance Sanatana's corporate governance practices." Ms. Zanic has over 25 years' of capital markets and corporate [...]
Highlights: Sanatana and ArcWest announce discovery of quartz-magnetite-specular hematite-chalcopyrite veining at the Skowill prospect, now named the Tarn zone. The Tarn zone is coincident with a 500m magnetic high, truncated on the north edge of the existing airborne magnetic survey. An airborne survey designed to complete coverage of the Skowill prospect with magnetics, EM and radiometrics is under way. The discovery of [...]
Highlights: Sanatana and ArcWest have confirmed the presence of at least two Cu-Au porphyry targets in the 31,077 hectare Oweegee Dome project in the initial exploration that started in August 2021. Geological mapping and sampling and geophysical surveys are focused on defining the Cu-Au porphyry drill targets for the planned 2022 field season. 3-D IP/RES ground geophysical survey commenced and field work completed over [...]
Sanatana Resources Inc. announces the resignation of Darcy Will, who has served as a member of its board of directors since July 2014. Sanatana's board and management thank Mr. Will for his years of service and wish him well. About the Company Sanatana Resources Inc. is a mineral exploration and development company focused on high-impact properties in Canada and the Western Pacific. With an award-winning technical team [...]
Highlights: Anomalous gold encountered in a shear hosted quartz vein. Consistent 1m to 5m of >0.5 g/t gold in all but one of the seven holes drilled to test this structure. Best assays include 6.35 g/t over 0.75m at surface, 2.45 g/t 55-56m in NS-21-04 and 2.08 g/t 54-55m in NS-21-05. First persistent mineralization ever discovered on the property. Drilling has shown 150m in strike 100m depth, open in all directions [...]
Highlights: Sanatana has signed an agreement to option up to 80% of ArcWest's Oweegee Dome porphyry copper-gold project. 2021 exploration expected to commence shortly. Exploration program to include geological mapping, geochemical sampling, geophysics and a first phase diamond drilling program. Sanatana Resources Inc. has entered into an agreement with ArcWest Exploration Ltd. to option up to 80% of ArcWest's Oweegee Dome [...]
Highlights: 3,113m completed in 23 holes on seven separate prospects Reporting on the first four holes with remaining six prospect results expected over next four to six weeks. All holes encountered quartz veins hosted in shear zones, potentially hosting gold Assays have been returned from the first prospect, "North Vein" with 2m at 2.24 g/t Au reported Sanatana Resources Inc. has completed its first pass scout drill [...]
Sanatana Resources. has appointed Tom Obradovich to the board of directors. Mr. Obradovich has extensive experience in mining exploration, development and financing and he is a graduate of the Haileybury School of Mines in Mining Technology and Advanced Field Geophysics. Peter Miles, Sanatana's CEO commented, "We are delighted that Tom Obradovich has accepted a board position with Sanatana. Tom's background in mining [...]
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