Sanatana Resources Inc. has granted incentive stock options to directors, officers, employees and contractors of the Company to purchase up to 2,550,000 common shares of the Company at a price of $0.20 per share. The stock options are exercisable on or before June 6, 2027 and vest in stages with 25% vesting immediately and the remainder to vest 25% every six months from the grant date. Of the options granted, 1,650,000 [...]
Sanatana Resources Inc. has entered into an agreement with Robert Laviolette and John der Weduwen , arm's length parties to Sanatana, to acquire a gold exploration property in Ontario. Pursuant to the Agreement, Sanatana will acquire a 100% interest in the Enid property in the Timmins, Ontario region. The property comprises 41 mineral claims. The Company will pay cash of $10,000; 30,000 common shares in the capital of the [...]
Sanatana Resources Inc. , further to its news releases of April 22, 2022 and May 12, 2022, has closed the second tranche of its non-brokered private placement . The second tranche consisted of 2,070,000 units of the Company at a price of $0.15 per Unit for gross aggregate proceeds of $310,500. Peter Miles, Sanatana's CEO commented, "We are mobilizing to Bell 2 Lodge today in preparation for our upcoming 2022 exploration [...]
Sanatana Resources Inc. is pleased to announce, further to its news release of April 22, 2022, that it has closed a first tranche of its non-brokered private placement . The first tranche consisted of 13,766,667 units of the Company at a price of $0.15 per Unit for gross aggregate proceeds of approximately $2,065,000. Each Unit issued in the first tranche consisted of one common share of the Company and one-half of one [...]
Sanatana Resources Inc. has retained Jeff Kyba as BC Exploration Manager, with an initial focus on the Company's Oweegee Dome property in BC's Golden Triangle. Mr. Kyba earned a degree in Earth and Ocean Science from the University of Victoria in 2007. Various field appointments with junior and mid-tier companies and the BC Geological Survey led him throughout British Columbia and Australia. His experience spans [...]
A 5,000 m contract with Atlas Drilling has been signed and drilling will commence as soon as conditions allow, likely in later June The initial target will be the Molloy Zone, a monzonite intrusion with porphyry-style quartz-chalcopyrite stockwork veins which averaged 0.35% Cu, 0.829 g/t Au and 4.15g/t Ag from 15 samples collected in 2021 Contracts secured with drilling, helicopter, geophysical and camp providers [...]
Highlights: Teuton Resources Corp. , the project generator behind the approximately $560 million Treaty Creek project, has agreed to subscribe for a $600,000 private placement in Sanatana. The PP will consist of 4,000,000 units priced at $0.15 per unit comprising one share and one-half of a share purchase warrant exercisable at $0.20 for two years. The evaluation of Oweegee and the investment by Teuton provides a strong [...]
Highlights: The Tarn Zone, in the eastern part of the Skowill prospect, was reported to have copper mineralization in our September 16, 2021 news release. This has been confirmed by assay with the best sample returning 0.438% copper and 5.72% zinc . New airborne magnetic data shows the Tarn zone is coincident with a prominent magnetic high, shaped like a tadpole, these samples coming from the head and with the tail [...]
Highlights: The Molloy Zone has been identified as a distinct intrusive phase which hosts strong copper-gold porphyry style mineralization; sample 420022 returned the best values of 1.09% Cu, 3.8 g/t Au and 15.25 g/t Ag. The Molloy zone measures 42 metres at its widest point and 145 metres along strike until being concealed by talus and alpine heather to the southwest; 15 grab samples across this area averaged 0.34% Cu [...]
Sanatana Resources Inc. The Company has granted incentive stock options to a director and a contractor of the Company to purchase up to 600,000 common shares of the Company at a price of $0.16 per share. The stock options are exercisable on or before October 28, 2026 and vest in stages with 25% vesting immediately and the remainder to vest 25% every six months from the date of the grant. Of the options granted, 400,000 [...]
Peter Miles, President and CEO of Sanatana Resources Inc. is pleased to welcome Rose Zanic, CPA, CA to Sanatana's board of directors. Peter Miles, President and CEO, commented "Rose's background in corporate finance complements the current board's skill set. She will chair the audit committee and further enhance Sanatana's corporate governance practices." Ms. Zanic has over 25 years' of capital markets and corporate [...]
Highlights: Sanatana and ArcWest announce discovery of quartz-magnetite-specular hematite-chalcopyrite veining at the Skowill prospect, now named the Tarn zone. The Tarn zone is coincident with a 500m magnetic high, truncated on the north edge of the existing airborne magnetic survey. An airborne survey designed to complete coverage of the Skowill prospect with magnetics, EM and radiometrics is under way. The discovery of [...]
+600,00 %
-97,67 %
