Drilling will target the 1 km x 2 km Junction IP anomaly.
The Junction IP anomaly was discovered during the Company's 2023 exploration program and is interpreted to be the source of porphyry mineralization intercepted in drill holes OW22-08 and OW22-09 completed in 2022 at the
Drilling at
Mineralization is hosted in a monomict diorite breccia, with strong, pervasive, sericite-pyrite alteration. The higher-grade intervals contain K-spar altered clasts and chalcopyrite bearing, porphyry-style vein fragments. Mineralization is observed in both the clasts and matrix of the breccias which indicates multiple mineralizing events.
The mineralized breccias are interpreted to be the upper realms of a larger porphyry system. The best explanation of the untested 1 km x 2 km Junction IP anomaly is that it is likely the porphyry body responsible for the Cu-Au-Ag-Mo bearing breccias intercepted in 2022.
About the Company
Sanatana's principal project is the Oweegee Dome copper-gold porphyry property which the Company optioned from
Contact:
Mr.
Chief Executive Officer
Tel: (604) 408-6680
Email: investor@sanatanaresources.com.
Cautionary Statement Regarding 'Forward-Looking' Information
Mineralization hosted on adjacent, nearby or geologically similar properties is not necessarily indicative of mineralization hosted on the Company's properties.
This news release includes 'forward-looking statements' and 'forward-looking information' within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements related to the fourth tranche of the Private Placement, the use of funds, and stock exchange approval for the overallotment.
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 including, but not limited to, regulatory approval for the Warrant Extension. 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.
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