19:40:29 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Sanatana Resources Inc (2)
Symbol STA
Shares Issued 75,650,822
Close 2023-10-04 C$ 0.05
Market Cap C$ 3,782,541
Recent Sedar Documents

Sanatana Resources completed IP program at Oweegee

2023-10-04 13:49 ET - News Release

Mr. Peter Miles reports

SANATANA IDENTIFIES 1KM BY 2KM CHARGEABILITY ANOMALY AT THE OWEEGEE DOME PROJECT, GOLDEN TRIANGLE, BC

Sanatana Resources Inc. has provided an exploration update on completion of the 2023 IP (induced polarization) program at the Oweegee Dome copper-gold (Cu-Au) porphyry project located beside pavement and power in British Columbia's Golden Triangle.

For this work, Sanatana contracted Dias Geophysical's distributed array deep IP (DCIP) survey system. This system provides full, high-quality and high-resolution 3-D (three-dimensional) resistivity and induced polarization models of the subsurface.

The 2023 IP program was completed between late August and mid-September and comprised 8.5 line kilometres of IP geophysical surveying. This program expands and improves surveys completed in 2021 and 2022. The primary goal of the 2023 survey was to test mineralization discovered in 2022 on the east side of Bear Valley and to close off the Junction anomaly discovered in 2022.

Remarkably, the 2023 program greatly enlarged the Junction anomaly which now extends over 1,000 metres (m) wide, 2,000 m along strike and extends to depth limits of the survey (about 800 m below surface).

Peter Miles, Sanatana's chief executive officer, commented: "Sanatana's 2023 IP program aimed to close off the Junction anomaly and test for geophysical porphyry response on the east side of Bear Valley which is largely obscured by postmineral cover. We are very pleased to see the results, especially the 1,000-metre-by-2,000-metre footprint of the Junction anomaly which now becomes a primary drill target for our planned 2024 drill program."

Buddy Doyle, president, said: "IP is an important geophysical tool and its use has led to numerous examples of exploration success both within the Golden Triangle and elsewhere. The Junction anomaly is a compelling drill target. Previous drilling at Delta Ridge targeting the Crescent IP anomaly gave us long intersections of Cu-Au-Ag-Mo [copper-gold-silver-molybdenum] mineralization consistent with being in the upper levels of a significant porphyry system. We interpret this to be the head of the system and the Junction anomaly to be the main body of the system. I look forward to drill testing this target in 2024."

The technical information in this news release was prepared under the supervision of Buddy Doyle, BApp (Sc geology), MAUSIMM. Mr. Doyle is a qualified person for the purposes of National Instrument 43-101 (Standards of Disclosure for Mineral Projects) and has reviewed and approved the technical information disclosed in this news release.

About Sanatana Resources Inc.

Sanatana Resources is a mineral exploration and development company focused on high-impact properties in Canada. With an award-winning technical team and experienced management and board of directors, Sanatana is based in Vancouver and is listed on the TSX Venture Exchange.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.