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Enter Symbol
or Name
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CA



Sanatana Resources Inc
Symbol STA
Shares Issued 150,729,834
Close 2018-09-10 C$ 0.03
Market Cap C$ 4,521,895
Recent Sedar Documents

ORIGINAL: Sanatana intercepts 3,140 ppm Cu at Jackfish

2018-09-10 19:35 ET - News Release

Received by email:

File: Sanatana - news release dated September 10, 2018 - Corporate Update (6).docx

/
  TSX.V:  STA 
 NEWS RELEASE

908 - 925 West Georgia Street
Vancouver, BC  V6C 3L2

Ph:  604.408.6680
Fax:  604.608-9500  investor@sanatanaresources.com
www.sanatanaresources.com

 
 SANATANA PROVIDES CORPORATE UPDATE
Vancouver, British Columbia, Canada, September 10, 2018. Sanatana Resources Inc. ("Sanatana" or the "Company": TSX-V: 
--->STA) is pleased to provide this corporate update to its shareholders.
Corporate Update
During the summer months Sanatana conducted an initial six-hole, 930-metre drill program and additional exploration at
---> its Jackfish property in Northern Ontario.  Elevated levels of copper (up to 3,140 ppm) were intercepted that appear 
--->to explain the copper soil anomaly that was being tested and these assay results, along with the nature of the mineral
--->ization observed in the core, are thought to be indicative of Volcanogenic Massive Sulphide (VMS) mineralization poten
--->tial within the broader geological sequence in the area.
Peter Miles, President and CEO, states "Having just completed the Company's first drill program at one target area of 
--->the copper soil anomaly, there are many more high priority targets to follow up on the Rudolph Wahl ("Wahl") and Alto 
--->Ventures Ltd. ("Alto") option properties and the Company's 100% owned Santoy property. The geology of the region prese
--->nts opportunities for a variety of styles of mineralization, each requiring further investigation and drill testing if
---> warranted, as part of the Company's ongoing exploration program.  Sanatana continues to be active in the identificati
--->on and acquisition of prospective mineral exploration properties in Canada and other geologic terranes of known high p
--->rospectivity."
Future work plans may include continued drilling of priority geochemical and geophysical targets identified on other p
--->arts of the Jackfish property, in particular; the Section 6E gold showing along the Empress Mine shear zone on the Com
--->pany's Empress property (held under option from Alto), the gold bearing quartz vein uncovered by stripping at the Rudy
---> #7 shear zone (held under option from Wahl), and additional exploration of the strong bedrock electromagnetic conduct
--->or identified from regional airborne geophysics on the Company's recently acquired Santoy property.  For further detai
--->ls on the Jackfish property and the Santoy property, see the Company's news releases dated February 7, 2017 (the "Febr
--->uary News Release") and January 11, 2018, respectively (copies of which are filed on the Company's SEDAR profile at ww
--->w.sedar.com).
The option agreement between Sanatana, as optionee, and Wayne Richards, Francine Richards and James Hamel (referred to
---> for convenience as the "Richards Group") as optionor, has been terminated.  The option agreement with the Richards Gr
--->oup is further described in the February News Release and was part of the three option agreements comprising the Jackf
--->ish property. The other two option agreements comprising the Jackfish property are being amended. Specifically, the op
--->tion agreements with Wahl and Alto have been amended as summarized below.
Option Agreement Amendments
As announced in the Company's news release dated August 9, 2018 and further to the Company's February News Release, th
--->e Company has entered into mineral option amending agreements (the "Amending Agreements") with each of Alto and Wahl a
--->mending two option agreements related to the Wahl and Alto option properties (the "Original Agreements").
The Amending Agreements, which are subject to the approval of TSX Venture Exchange ("TSX-V"), allow Sanatana to postpo
--->ne certain cash payment, the issuance of certain shares in the capital of the Company (the "Shares") and certain explo
--->ration expenditure to be incurred as part of the consideration for the acquisition of 100% interest in the mineral cla
--->ims contemplated in the Original Agreements.  Pursuant to the Amending Agreements, the Company: (i) will defer the pay
--->ment of cash consideration in the aggregate amount of $100,000 and the exploration expenditure to be incurred in the a
--->mount of $50,000 for six months to December 21, 2018; (ii) has deferred the issuance of 1,500,000 Shares for approxima
--->tely one and a half months (such Shares have now been issued); and (iii) will, subject to the approval of TSX-V, issue
---> 150,000 additional Shares to Wahl and 200,000 additional Shares to Alto.
The technical information in this news release was prepared under the supervisions of Troy Gill, BSc. MAIG, Exploratio
--->n Manager for Sanatana. Mr. Gill is a Qualified Person for the purposes of National Instrument 43-101 - Standards of D
--->isclosure for Technical Projects and has reviewed and approved the technical information disclosed in this news releas
--->e.
About the Company
Sanatana Resources Inc. is a mineral exploration and development company that has optioned the Jackfish gold property 
--->in northwestern Ontario. With an experienced management team and board of directors, the Company has the ability requi
--->red to identify, develop and fund economic mineral properties. Sanatana is based in Vancouver and is listed on the TSX
---> Venture Exchange (TSX-V: STA).

  SANATANA RESOURCES INC.
  (signed) "Peter Miles"
  Peter Miles
President and Chief Executive Officer
 For additional information on the Company, please contact:  Mr. Peter Miles, President and Chief Executive Officer at
---> (604) 408-6680 or email investor@sanatanaresources.com.
  Cautionary Statement Regarding "Forward-Looking" Information
  Some of the statements contained in this news release are forward-looking statements and information within the mean
--->ing of applicable securities laws. Forward-looking statements and information can be identified by the use of words su
--->ch as "plans", "expects", "intends", "is expected", "potential", "suggests" or variations of such words or phrases, or
---> statements that certain actions, events or results "may", "could", "should", "would", "might" or "will" be taken, occ
--->ur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of 
--->risks and uncertainties beyond Sanatana's control. Actual results and developments are likely to differ, and may diffe
--->r materially, from those expressed or implied by the forward-looking statements contained in this news release. Accord
--->ingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to 
--->update publicly or otherwise revise any forward-looking statements, except as may be required by law.
  Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX V
--->enture Exchange) accepts responsibility for the adequacy or accuracy of this release.





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