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Sanatana Resources Announces Drill Program to Commence at the Jackfish Property
VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. (“Sanatana” or the “Company”) (TSX-V:STA) intends to undertake a 1,500 m
About this update from Gold Strike Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, March 15, 2018 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. (“Sanatana” or the “Company”) (TSX-V:STA) intends to undertake a 1,500 m drill program to test anomalous geochemical and structural targets with potential for gold and base metal mineralization on its Jackfish property, Northern Ontario. These drill targets arise from combining recently completed inversion modelling of geophysical data and property wide geochemical results and geological observations. Peter Miles, President and CEO, states, “Since assembling the property package in June last year, the Company has swiftly taken the Jackfish property from a collection of isolated and seemingly disparate gold showings held by separate claim holders, to a single project developing a regional framework to make sense of the separate styles of mineral showings and past mines and form a coherent exploration strategy to work towards discovery of economic significance. The planned initial drill program will begin to test these ideas, with success leading to further drilling and other exploration activities on this target and the many other targets remaining to be tested on the property.” In October 2017, Stratus Aeronautics completed a magnetic survey using cutting edge, drone (UAV) technology. This data was modelled by Campbell & Walker Geophysics using the UBC 3D inversion software and the Company received results of this work in January 2018. Abitibi Geophysics conducted a Horizontal Loop Electromagnetics (HLEM) survey in late December 2017 and this data was subsequently modelled through a 1D laterally constrained inversion (quasi-2D) process using invFDEM software produced by EMTOMO, with that work completed in early March 2018. The modeled HLEM data interprets a moderately conductive zone coincident with surface geochemical anomalies (of up to 769 ppm copper in soil and 14.9 g/t grab sample assay results) which is consistent with a structurally controlled alteration zone that cuts through magnetic lithological units. This zone will be the primary drill target in the planned drill campaign. Five separate bedrock anomalies will be drilled. The current geological framework as interpreted by the Company and its consultants, and reinforced by the geophysics notes that the majority of the mineral showings and historical mining in the district coinc...