Highlights: Initial surface sampling and prospecting programs were completed in November 2020. This work identified numerous gold-bearing and gold/silver-bearing quartz vein systems on the Gold Rush property. Best gold result was from a grab sample of 59.2 g/t from a brittle ductile shear at the DeSantis prospect. Best gold results from other prospects were 27.3 g/t @ North Shaft, 11.2 g/t @ North Vein, 8.41g/t @ DC, 6.45 [...]
Sanatana Resources Inc. is pleased to announce that it has completed the second and final tranche of its non-brokered private placement of flow-through units of the Company previously announced on December 3, 2020 and, together with the first tranche closing of the Private Placement announced by the Company on December 10, 2020, a total of 4,800,000 FT Units were sold and issued under the Private Placement, for aggregate [...]
Sanatana Resources Inc. has closed of the sale of its 1% net smelter returns royalty that was announced on September 29, 2020 to Ely Gold Royalties Inc. The Watershed Royalty was granted to Sanatana in connection with an Asset Purchase Agreement between the Company and Trelawney Augen Acquisition Corp., now IAMGOLD Corporation, dated January 12, 2016, whereby IAMGOLD acquired a 100% interest in 46 mining claims in Chester [...]
Sanatana Resources Inc. is pleased to announce that it has completed the first tranche of its non-brokered private placement of flow-through units of the Company previously announced on December 3, 2020. In this closing, Sanatana issued an aggregate 3,000,000 FT Units, at a price of $0.25 per FT Unit, for aggregate gross proceeds of $750,000. Each FT Unit consisted of one flow-through common share in the capital of the [...]
Sanatana Resources Inc. has arranged a non-brokered private placement of up to 5,000,000 flow-through units at $0.25 per FT Unit for gross proceeds of up to $1,250,000. Each FT Unit will consist of one flow-through common share in the capital of the Company, and one-half of one share purchase warrant. Each Warrant will entitle the holder to purchase one non-flow-through common share in the capital of the Company at a [...]
Highlights: Solomon Islands Ministry of Mining grant a letter of intent over the 188 km sq Sutakiki mineral tenure, situated on the Island of Guadalcanal, Solomon Islands, 40km from the capital of Honiara and 7km from the >4m oz Au Gold Ridge mine. The property is considered prospective for copper gold porphyry-style mineralization. Previous work included results of up to 51m at 6.52 g/t gold in a skarn, and 354m of 0.13 [...]
Highlights: First-pass surface sampling and prospecting has identified numerous gold bearing and gold/silver bearing quartz vein systems on the Gold Rush property. Best result was a grab sample of 27.3 g/t Au from a brittle ductile shear at the North Shaft prospect. Best results from other prospects were 11.2 g/t Au @ North Vein, 8.41g/t Au @ DC and 5.06 g/t Au at Staten DC is a newly discovered gold bearing quartz vein [...]
Sanatana Resources Inc. today announced that IAMGOLD Corporation has waived its right of first refusal in connection with Sanatana's previously announced sale of its Watershed Royalty to Ely Gold Royalties Inc.. The receipt of the waiver from IAMGOLD is a key condition precedent to completion of the Royalty Sale, which is now expected to close in early December, 2020. The Transaction Sanatana will sell the Watershed [...]
Sanatana Resources Inc. has, further to its news release of September 29, 2020, signed a definitive agreement to sell its Watershed Royalty to Ely Gold Royalties Inc. . The Watershed Royalty was granted to Sanatana in connection with an asset purchase agreement between the Company and Trelawney Augen Acquisition Corp, now IAMGOLD Corporation , dated January 12, 2016, whereby IAMGOLD acquired a 100% interest in 46 mining [...]
Sanatana Resources Inc. has, further to its news release of September 29, 2020, signed a definitive agreement to sell its Watershed Royalty to Ely Gold Royalties Inc. The Watershed Royalty was granted to Sanatana in connection with an asset purchase agreement between the Company and Trelawney Augen Acquisition Corp, now IAMGOLD Corp, dated January 12, 2016, whereby IAMGOLD acquired a 100% interest in 46 mining claims in [...]
Sanatana Resources Inc. is pleased to announce it has received exploration permits for the Gold Rush Project in the Timmins Region of Ontario allowing for mechanized drilling, mechanical stripping, pitting and trenching and ground geophysical surveying requiring a generator. Mr. Buddy Doyle, President, comments, "Our work to date, awaiting the permit, has been to locate, characterize and prioritize the numerous gold [...]
Sanatana Resources Inc. has granted incentive stock options to directors, officers, employees and contractors of the Company to purchase up to 3,400,000 common shares of the Company at a price of $0.35 per share. The stock options are exercisable on or before September 30, 2025 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 [...]
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