Sanatana Resources Inc. is pleased to announce that it has arranged a secured promissory note pursuant to which Cobra Mortgage Services Ltd. has loaned $800,000 to the Company. The Company expects to use the net proceeds from the Loan for exploration expenses and general and administrative expenses. The Promissory Note and all outstanding principal and accrued and outstanding interest are due on January 31, 2024. Interest [...]
Sanatana Resources announces the resignation of Tom Obradovich, who has served as a member of its board of directors since April 2021. Sanatana's board and management thank Mr. Obradovich for his service and wish him well. About the Company Sanatana Resources Inc. is a mineral exploration and development company focused on high-impact properties in Canada. With an award-winning technical team and experienced management [...]
Highlights Longest intercept to date from drill hole OW-2022-09, 196m at 0.20% copper equivalent, part of the Delta Ridge copper-gold mineralized zone Highest-grade intercept as previously reported in OW 2022-08, 112.18 m at 0.33% Cu equivalent Results highlight three separate areas of copper-gold mineralization: Delta Ridge, Molloy, Snowpatch Oweegee mineralized footprint expanded to a 2km by 4.5km area Multiple [...]
Sanatana Resources Inc. has, further to its news release of December 21, 2022, increased its previously announced non-brokered private placement of flow-through units of the Company to accommodate investor demand and has closed the Private Placement. The Private Placement was increased to raise aggregate gross proceeds of up to $550,000 through the sale of up to 5,500,000 FT Units at a price of $0.10 per FT Unit. Upon [...]
Sanatana Resources Inc. is pleased to announce a non-brokered private placement of up to 5,000,000 flow-through units of the Company for aggregate gross process of up to $500,000 and priced at $0.10 per FT Unit . Each FT Unit will consist of one common share which will be designated as a flow-through share pursuant to the Income Tax Act and one share purchase warrant . Each FT Unit Warrant will entitle the holder to [...]
112.18 m grading 0.17% Cu, 0.22 g/t Au, 1.10 g/t Ag from 58.4 m depth. Includes these higher-grade zones: 12 m grading 0.40% Cu, 0.35 g/t Au, 2.10 g/t Ag from 77 m depth 12.47 m grading 0.40 % Cu, 0.39 g/t Au, 1.34 g/t Ag from 157 m depth High-level porphyry style copper-gold mineralization confirmed in drill hole OW2022-08 Epithermal gold 4.32m grading 1.93g/t Au, 32.0g/t, Ag, 11.9g/t Te from 34.0m depth. Includes 2.1m [...]
Approximately 8 line-kilometres of IP completed between July and late September 2022. Results have discovered four new high priority targets. IP when combined with soil geochemistry is an effective technique for discovery of porphyry systems. Initial drill results expected imminently. Sanatana Resources Inc. ) is pleased to provide an exploration update on its 2022 IP program at the Oweegee Dome copper-gold porphyry [...]
Sanatana Resources Inc. has renegotiated the terms of the 2022 option payment for its Gold Rush North property. Sanatana will now pay $22,500 in cash and issue 130,000 common shares of the Company . Under the terms of the original option agreement, Sanatana was to pay $40,000 in cash and issue common shares of the Company with a value of $40,000 based on a share price equal to the greater of the 30-day volume weighted [...]
• Twelve holes totalling 3,679m completed • Copper mineralization observed in eight holes • Area of copper mineralization significantly expanded at Delta prospect • Mineralization hosted in hydrothermal intrusive breccias • Consistent with being in the upper parts of a copper-gold porphyry system • Assays awaited • Field program continues Sanatana Resources Inc. reports that it has [...]
Drill rig arrived June 29, coring scheduled to start July 1 Camp construction complete 219 Ma age returned from Cu-Au bearing Molloy monzonite Three drill pads installed Low elevation sampling completed in unexplored area New copper-bearing altered intrusion discovered 1,000m away from Molloy monzonite ASTER survey highlights classic porphyry mineralogical signature around Molloy zone Sanatana Resources Inc. has [...]
Sanatana Resources Inc. has completed the purchase of a gold exploration property in Ontario, as described in the Company's news release dated June 3, 2022. The Company has received TSX Venture Exchange approval for the underlying purchase agreement. Sanatana acquired a 100% interest in the Enid property, which comprises 41 mineral claims, in the Timmins, Ontario region. The Company paid cash of $10,000; issued 30,000 [...]
Sanatana Resources Inc. has changed its auditor from BDO Canada LLP to Davidson & Company LLP effective June 13, 2022. Sanatana's board of directors accepted the resignation of the Former Auditor and appointed the Successor Auditor as the new auditor of the Company effective June 13, 2022, and to hold office until the close of the Company's next annual general meeting of shareholders. There were no reservations in the [...]
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