Highlights: Solomon Islands Ministry of Mining grant a letter of intent over the 188 km sq Sutakiki mineral tenure, situated on the Island of Guadalcanal, Solomon Islands, 40km from the capital of Honiara and 7km from the >4m oz Au Gold Ridge mine. The property is considered prospective for copper gold porphyry-style mineralization. Previous work included results of up to 51m at 6.52 g/t gold in a skarn, and 354m of 0.13 [...]
Highlights: First-pass surface sampling and prospecting has identified numerous gold bearing and gold/silver bearing quartz vein systems on the Gold Rush property. Best result was a grab sample of 27.3 g/t Au from a brittle ductile shear at the North Shaft prospect. Best results from other prospects were 11.2 g/t Au @ North Vein, 8.41g/t Au @ DC and 5.06 g/t Au at Staten DC is a newly discovered gold bearing quartz vein [...]
Sanatana Resources Inc. today announced that IAMGOLD Corporation has waived its right of first refusal in connection with Sanatana's previously announced sale of its Watershed Royalty to Ely Gold Royalties Inc.. The receipt of the waiver from IAMGOLD is a key condition precedent to completion of the Royalty Sale, which is now expected to close in early December, 2020. The Transaction Sanatana will sell the Watershed [...]
Sanatana Resources Inc. has, further to its news release of September 29, 2020, signed a definitive agreement to sell its Watershed Royalty to Ely Gold Royalties Inc. . The Watershed Royalty was granted to Sanatana in connection with an asset purchase agreement between the Company and Trelawney Augen Acquisition Corp, now IAMGOLD Corporation , dated January 12, 2016, whereby IAMGOLD acquired a 100% interest in 46 mining [...]
Sanatana Resources Inc. has, further to its news release of September 29, 2020, signed a definitive agreement to sell its Watershed Royalty to Ely Gold Royalties Inc. The Watershed Royalty was granted to Sanatana in connection with an asset purchase agreement between the Company and Trelawney Augen Acquisition Corp, now IAMGOLD Corp, dated January 12, 2016, whereby IAMGOLD acquired a 100% interest in 46 mining claims in [...]
Sanatana Resources Inc. is pleased to announce it has received exploration permits for the Gold Rush Project in the Timmins Region of Ontario allowing for mechanized drilling, mechanical stripping, pitting and trenching and ground geophysical surveying requiring a generator. Mr. Buddy Doyle, President, comments, "Our work to date, awaiting the permit, has been to locate, characterize and prioritize the numerous gold [...]
Sanatana Resources Inc. has granted incentive stock options to directors, officers, employees and contractors of the Company to purchase up to 3,400,000 common shares of the Company at a price of $0.35 per share. The stock options are exercisable on or before September 30, 2025 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 [...]
Sanatana Resources Inc. has agreed to a part and parcel transaction, in which it will sell its Watershed Royalty to Ely Gold Royalties Inc. pursuant to the terms of an offer to purchase. The Watershed Royalty was granted to Sanatana in connection with an Asset Purchase Agreement between the Company and Trelawney Augen Acquisition Corp, now IAMGOLD Corporation , dated January 12, 2016, whereby IAMGOLD acquired a 100 [...]
Sanatana Resources Inc. is pleased to announce that it has appointed Mr. Jonathan Hill as the inaugural member of its advisory board. Peter Miles, Sanatana's CEO commented "Mr. Hill will be invaluable to our current technical team and board as we move forward to explore our Gold Rush and Tirua projects and as we consider other projects." Mr. Hill is a successful geologist and accomplished mining industry professional with [...]
Sanatana Resources Inc. is pleased to announce the appointment of Mr. Anthony Dutton to its board of directors as a non-executive director. Mr. Dutton is a seasoned business executive and entrepreneur with a successful track record as an early stage investor and business founder. He was most recently co-founder, CEO and director of Cannex Capital, a pioneering US cannabis company, before its acquisition of 4Front Holdings [...]
Sanatana Resources Inc. is pleased to announce that it has commenced exploration on its newly acquired Gold Rush project in the Timmins Region of Ontario. . As part of the Company's due diligence, consultant geologist Kevin Kivi, P.Geo visited the Gold Rush Project and took grab samples from the Lalonde East Shear zone to verify gold reported previously by prospectors. Nine grab samples of quartz, chlorite and sericite [...]
Sanatana Resources Inc. is pleased to announce that it has closed its previously announced private placement for aggregate gross proceeds to the Company of approximately $2,000,000. In connection with the Private Placement, Sanatana issued an aggregate 11,500,000 non-flow through units , at a price of $0.10 per Unit, for aggregate proceeds of $1,150,000 and 7,083,332 flow-through units , at a price of $0.12 per FT Units [...]
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