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Sanatana Resources Inc (2)
Symbol STA
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Sanatana completes 2024 drilling program at Oweegee

2024-09-12 17:40 ET - News Release

Mr. Peter Miles reports

SANATANA COMPLETES 2024 DRILL PROGRAM AT OWEEGEE DOME PROJECT IN BC'S GOLDEN TRIANGLE

Sanatana Resources Inc. has completed its 2024 drill program of 2,359 metres (m) in four holes at the Oweegee copper-gold porphyry project in Northern British Columbia. Assays are pending and will be reported when received and reviewed.

Sanatana's previous work on the Oweegee property successfully demonstrated that the company has identified a porphyry copper-gold system. The purpose of the 2024 drill program was to enhance understanding of where the potassic core of the system might lie. The program tested the Junction IP (induced polarization) anomaly with two holes (OW24-01 and OW24-02) that did not clearly explain the IP anomaly. Two additional stepout holes were drilled to the northwest of holes drilled in 2022 targeting extensions of known mineralization. The stepout holes (OW24-03 and OW24-04) successfully encountered altered intrusives and indicate stronger alteration to the northwest.

Sanatana has completed the 6,000-metre drilling and $6.6-million exploration expenditures requirements under its option agreement with ArcWest. In order for Sanatana to earn a 60-per-cent interest in the property, the company must pay $300,000 in cash and issue 700,000 common shares to ArcWest before Dec. 31, 2024.

Peter Miles, chief executive officer, commented: "We are encouraged by our 2024 drill program as it has given us valuable vectoring information that will guide future drill programs. We expect that the assay results will provide further guidance. The 2024 program marks our fourth consecutive year at Oweegee Dome, and we have achieved the exploration expenditure and drilling commitments that are critical to earning a majority interest in the property. We look forward to forming a joint venture with ArcWest and planning the next phase of exploration."

Expanding the Delta zone

Two recent drill holes have tested a geological concept in the Delta zone, revealing mineralized altered intrusions and intrusion breccia. This work has expanded the known mineralized area and enhanced the company's understanding of the geological system. Assay results will provide crucial information to guide future drilling toward the high-grade centre of the porphyry.

Drill holes OW24-03 and OW24-04 collared 200 m northwest of OW22-08 (the most mineralized hole drilled in 2022) and designed to test if this system extended in that direction:

  • Drill hole OW24-03, drilled to the southeast toward OW 22-08 at minus 500 dip, intersected mineralized intrusive from surface and exited into to Stuhini mudstones and volcanics at 384.5 m, encountering different intrusive phases mostly breccias interspersed with rafts of mudstones. The intrusives were variably altered and mineralized, with porphyry-style veining.
  • Drill hole OW24-04, drilled from the same collar, also to the southeast but at a steeper minus-750 dip, also encountered up to four separate intrusive phases, the majority brecciated, also with strong pervasive, texture destroying alteration and porphyry-style veins. The hole exited the intrusive into mudstone at 308 m.

In both holes, the intensity of alteration varied among invasive units. However, where alteration was strong, it exceeded levels observed in 2022, with increased potassium feldspar flooding and new biotite alteration evident in both floods and veins. These findings suggest the program is approaching the centre of the porphyry system, which lies north and west.

Assays are awaited and these will be used to confirm the observations made above from logging the drill core.

Testing the Junction IP anomaly

The 2022 drilling demonstrated that the exploration program had located a porphyry copper system and, in 2023, the company expanded the IP survey to locate the centre of this system. The survey identified a number of chargeability anomalies; the strongest and largest of these was named the Junction anomaly located to the south of drill hole OW22-08. Drill testing this target was one of the primary objectives of the 2024 drill program:

  • Drill hole OW24-01, drilled 1.2 kilometres (km) south of OW22-08, was designed to test the southern portion of the Junction IP anomaly and collared into Stuhini mudstone. The hole remained in this unit intercalated with sediments, ash and lesser volcanoclastics to the end of the hole.
  • Drill hole OW24-02, drilled 625 m south of OW22-08, was designed to test the northern part of the Junction IP anomaly and also collared into Stuhini mudstones. This hole exited the mudstones into a more volcanic dominated unit from 298 m to 822 m that showed propylitic alteration before exiting back into mudstone dominated units.

The company geologists report no obvious changes in geology to explain the IP anomaly. Samples have been sent for petrophysical testing to measure chargeability. The IP method detects the electric properties of the rock, which can often be associated with disseminated sulphides, but can also be related to clays and or brines caught in pore spaces, and other causes. The company will review and refine the IP model once the petrophysical results are received. The fact that the Junction IP anomaly was not caused by porphyry-style mineralization does not rule out that the other anomalies present in the survey might be caused by porphyry-style mineralization, however, it will be necessary to seek other layers of evidence before drill testing.

Drill hole locations

The attached table shows the 2024 drill hole locations.

Qualified person

The technical information in this news release was prepared under the supervision of Buddy Doyle, BAppSc, geology, FAusIMM, who has reviewed and approved the contents. 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 is a mineral exploration and development company with an experienced management team and board of directors. Sanatana is based in Vancouver and is listed on the TSX Venture Exchange (symbol STA).

Sanatana's principal project is the Oweegee Dome copper-gold porphyry property, which the company optioned from ArcWest Exploration Inc. (see the company's news release dated July 21, 2021). The Oweegee Dome copper-gold porphyry property is situated 40 km east of the KSM-Brucejack-Treaty Creek cluster of base and precious metal deposits and is underlain by similar geologic conditions, Stuhini Group (Triassic-age) host rocks, intrusions of the right age, alteration and porphyry-style copper-gold-silver-molybdenite mineralization.

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