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Sanatana Resources Inc (2)
Symbol STA
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Sanatana drills 44.9 m at 0.55% CuEq at Oweegee

2024-11-11 19:52 ET - News Release

Mr. Peter Miles reports

SANATANA DRILL PROGRAM EXTENDS KNOWN MINERALIZATION AT OWEEGEE DOME PORPHYRY COPPER-GOLD PROJECT IN BC'S GOLDEN TRIANGLE

Sanatana Resources Inc. has received assays from its four-hole, 2,359-metre (m) drill program at the Oweegee copper-gold porphyry project in Northern British Columbia. Copper-gold mineralization intercepted in the 2024 drilling expands the footprint of the porphyry and confirms this Triassic-aged system has been affected by postemplacement faulting that has displaced portions of the system.

Drilling at OW24-03 and OW24-04 successfully targeted extensions to the known mineralization at Delta and extended the mineralized zone by 120 m to the northwest. Assay results are summarized in table No. 1. Location and collar information for the 2024 drill holes is provided in table No. 2.

Drill holes OW24-03 and OW24-04 were collared 220 m northwest and at a 200 m higher elevation than the most successful 2022 drill holes (see news release of Dec. 19, 2022). The 2024 holes were drilled from the same pad, with OW24-03 oriented toward the 2022 holes at an azimuth of 1,200 degrees and a dip of minus 50 degrees. OW24-03 collared in volcanics and drilled into breccias and intrusives to 90 m and then Stuhini mudstones for the next 107 m. This zone of mudstone is interpreted to be either a thrust slice or a large xenolith. The drill then encountered intrusives and intrusive breccias with Cu-Au (copper-gold) tenors similar to those seen in 2022, which increases the footprint of mineralized body to the northwest. The drill hole exited the intrusives and intrusive breccias at 384.5 m into Stuhini mudstones and volcanoclastics, and terminated at a depth of 453 m.

Drill hole OW24-04 was drilled with the same azimuth at a steeper dip of minus 75 degrees. This hole encountered volcanics, intrusives and breccias to 314.42 m, where it exited into the Stuhini mudstones and volcanclastics. The hole encountered gold elevated zones hosted in diorite/monozonite monolithic intrusive breccias similar to mineralization in OW24-03 and the 2022 holes, and extends this rock type further to the northwest. Of note, the copper mineralization observed to date at Delta is hosted in a monolithic diorite/monzonite breccia, but is contained within and has a smaller footprint than the breccia, coinciding with more intense phyllic alteration with a K-spar flood. The copper zone sits within a large gold zone (more than 0.1 gram per tonne (g/t)) that extends up to 50 m past the copper zone. The gold zone in OW24-04 is interpreted to be such a gold halo, which would imply a copper zone is nearby.

Drill holes OW24-01 and OW24-02 tested the one-by-two-kilometre (km) Junction IP (induced polarization) geophysical anomaly and did not return significant intercepts. Physical properties of the drill core will be used to reconcile and refine geophysical model to improve future use of IP data.

Peter Miles, chief executive officer, commented: "Our 2024 drilling results continue to demonstrate that Oweegee Dome is a porphyry system that can produce significant copper and gold grades. We intend to form a 60:40 joint venture with Arcwest, and further exploration will be focused to the north and west of our current drilling towards where we believe the porphyry centre lies."

Buddy Doyle, president, said: "The holes drilled to test the Junction IP anomaly showed us the system does not extend south. Drill holes OW24-03 and OW24-04 extended the known rock host alteration and mineralization to the northwest, where it dives under cover of the younger Hazelton group of rocks. We now think the alteration and mineralization we see at surface at Delta is only the southeast corner of a larger system that extends under thin cover (Hazelton). The task is now to explore under those cover rocks and get to the heart of the system."

Assay methods and QA/QC (quality assurance/quality control)

The whole core was trucked from the project after a quick log to be detail logged and sampled at Nugget Expediting's yard and facilities. A diamond saw was used to split HQ diameter core in half, with one-half of the core put back in the core box and the other half sampled. Samples where cut at a nominal two m interval. One standard, one blank and one duplicate sample were added to each batch of 40 samples and then sent by freight to the MSA laboratory in Prince George by chain of custody.

For gold, 500-gram (g) aliquots of the pulverized core where subject to photon assay. A separate, 30 g aliquot, was split off for 56 multielements using ICP (inductively coupled plasma), four-acid digestion. The added standards were too small for the photon assay but were used in the ICP. The standards, duplicate and blanks returned results within the expected tolerances of the method as were the internal standards used by the laboratory. Fire assays are pending; if they are significantly different from the photon assays, which is not expected, this will be reported.

Qualified person

The technical information in this news release was prepared under the supervision of Buddy Doyle, BAppSc, geology, FAusIMM. 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.

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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