Scout Drilling Reveals Continuous Gold-Bearing Structure North Shaft Prospect, Gold Rush Project, Timmins Ontario

Highlights:

  • Anomalous gold encountered in a shear hosted quartz vein

  • Consistent 1m to 5m of >0.5 g/t gold in all but one of the seven holes drilled to test this structure.

  • Best assays include 6.35 g/t over 0.75m at surface, 2.45 g/t 55-56m in NS-21-04 and 2.08 g/t 54-55m in NS-21-05

  • First persistent mineralization ever discovered on the property

  • Drilling has shown 150m in strike 100m depth, open in all directions

  • Mineralization shows a Ag,Bi,Mo,Te and W, “Kirkland Lake” type element association.

VANCOUVER, British Columbia, August 9, 2021, Sanatana Resources Inc. (TSX-V: STA) (“Sanatana” or the “Company”) has completed its first pass scout drill program on the Gold Rush project, located 25km west of Timmins. A total of 23 holes NQ diameter (3,113m) were completed on seven separate prospects. All holes intersected quartz veins, alteration and sulphides. There are numerous quartz vein hosted gold showings on the property and this scout program was designed  as an initial test into the several most accessible prospects to help prioritise and focus future exploration on the project. The Company is releasing the results by prospect as results come to hand. Prospects that return the most interesting results will by prioritized for further work.

At the North Shaft Prospect, the company completed seven NQ diameter holes, drilled in a series of three fences 50m apart. Previous surface channel sampling had revealed a NW-SE structure hosting gold. The drilling targeted this structure with a hole drilled at 45 degrees dip, and a second hole drilled from the same setup at between 60-70 degrees dip designed to intersect the structure at a greater depth. The middle fence received a third hole that stepped back and tested the structure at an even greater depth. Additionally, two small AQ diameter man portable drill holes were completed. This prospect received the most attention as the drilling revealed a shear zone with quartz veins with albite and ankerite and sulphides, all good visual signs of mineralization.

Figure 1. Plan View of the North Shaft Project

North Shaft Prospect Drill Plan

North Shaft Prospect Drill Plan

The inset on top right shows location on the property, and the inset on bottom left shows representative cross sections. Drill holes with traces, Arrows point to location of quartz veins with >0.5 g/t Au assays

The assay results from all holes returned elevated gold from the quartz vein, the results greater than 0.5g/t Au are listed in Table 1 while the location of the drill holes and their orientation are set out in Table 2. The results defined a 1m to 5m wide vein that strikes over 150m from surface  to 100m depth. It strikes from NW (310 degrees) to the SE (130 degrees). It is open in all directions and demonstrates the mineralized zone dips to the NE at about 60 degrees

Table 1 – Drill Hole Results Greater Than 0.5 g/t

   
Drill   hole   
   
Core   Size   
   
From    
   
To    
   
Interval   
   
Au   (Gold)   
   
NS-2021-01   
   
NQ   
   
No   significant result    
   
   
   
   
   
   
   
NS-2021-02   
   
NQ   
   
53m   
   
54m   
   
1m   
   
0.67   g/t   
   
   
   
   
   
73m   
   
74m   
   
1m   
   
0.74   g/t   
   
NS-2021-03   
   
NQ   
   
48m   
   
50m   
   
2m    
   
0.64   g/t    
   
NS-2021-04   
   
NQ   
   
64m   
   
68m   
   
4m   
   
1.49   g/t    
   
NS-2021-05   
   
NQ   
   
54m    
   
55m   
   
1m   
   
2.08   g/t    
   
   
   
   
   
57m   
   
60m   
   
3m   
   
1.02   g/t   
   
NS-2021-06   
   
NQ   
   
64m   
   
65m   
   
1m   
   
0.96   g/t   
   
NS-2021-07   
   
NQ   
   
108m    
   
113m   
   
5m   
   
0.79   g/t   
   
GR-21-01   
   
AQ   
   
52m   
   
53m   
   
1m   
   
0.93   g/t   
   
GR-21-02   
   
AQ   
   
59.85m   
   
60.85   
   
1m   
   
1.08   g/t   

 

Table 2: Location of the Drill Holes and Their Orientation.

   
Drill   hole   
   
Easting   
   
Northing   
   
Bearing   
   
Dip   
   
TD   (m)   
   
NS21-01    
   
448702   
   
5369995   
   
215   
   
45   
   
123   
   
NS21-02    
   
448702   
   
5369995   
   
215   
   
65   
   
144   
   
NS21-03    
   
448661   
   
5370023   
   
215   
   
45   
   
119   
   
NS21-04    
   
448661   
   
5370023   
   
215   
   
70   
   
120   
   
NS21-05   
   
448743   
   
5369966   
   
215   
   
45   
   
120   
   
NS21-06   
   
448743   
   
5369966   
   
215   
   
75   
   
103   
   
NS21-07   
   
448720   
   
5370020   
   
215   
   
45   
   
165   
   
Total    
   
894   
   
Drill hole    
   
Easting   
   
Northing   
   
Bearing   
   
Dip   
   
TD (m)   
   
GR21-01    
   
448640   
   
369963   
   
85   
   
45   
   
101   
   
GR21-02    
   
448765   
   
5369882   
   
35   
   
45   
   
80   
   
Total   
   
   
   
   
   
   
   
   
   
181   

The Core was split in half by diamond saw in Timmins in 1 m intervals. Samples were then shipped by bonded freight to TSL Laboratories of Saskatoon (“TSL”) in small batches with appropriate chain of custody controls in place. On receipt, TSL’s sample preparation includes crush, riffle split and pulverize each core sample to generate a reject (70% at -10 mesh) and 250-gram pulp (95% at -150 mesh). A 30-gram aliquot of each pulp undergoes Au fire assay/AA analysis and another 0.25 gram aliquot undergoes ICP multielement analysis using multi-acid digestion. Over-limit gold results are re-assayed using fire assay/ gravimetric finish.  TSL commits to internal QA/QC protocols that include inserting repeats, certified and in-house standards at regular intervals to provide quality analyses. TSL Laboratories is independent of Sanatana.

Sanatana also implements quality assurance and quality control (QA/QC) protocols on every 20th sample that include insertion of blanks and standards, and requesting pulp duplicates from the laboratory. The Company logs, samples and stores drill core at a secure facility in Timmins. Sample shipments are tracked using chain of custody protocol that ensures no samples are lost or tampered with during transit.

The multi-element ICP assays showed that the gold is associated with silver, with an average ratio of 5:1 Ag to Au. The elements bismuth, molybdenum, tellurium and tungsten are also correlated with the gold, as well as elevated >0.5% sulphur.

The drilling focused on the eastern structure at the North Shaft prospect exposed by the stripping campaign conducted earlier by the Company. The Company plans to return to the prospect with the light portable AQ size rig and to (a) search for strike extension of this vein, it is often the case that the grade can improve along the structure and at depth; and (b) drill test the yet to be tested western trend present at the prospect as confirmed by surface channel sampling

The technical information in this news release was prepared under the supervision of Kevin Kivi P.Geo. Mr. Kivi 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 the Company

Sanatana Resources Inc. is a mineral exploration and development company focused on high-impact properties in Canada and the Western Pacific. 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 (TSX-V: STA).

SANATANA RESOURCES INC.

(signed) “Peter Miles

Peter Miles, Chief Executive Officer

For additional information on the Company, please contact Mr. Peter Miles, Chief Executive Officer at (604) 408-6680 or email investor@sanatanaresources.com.

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Cautionary Statement Regarding “Forward-Looking” Information

Some of the statements contained in this news release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such 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, occur 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 differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, 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 Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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