Business
Sanatana Resources Appoints Board Chair and President and Initiates Exploration in Ontario
VANCOUVER, British Columbia, June 05, 2019 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. ("Sanatana" or the "Company": TSX-V: STA) is pleased to announce that Mr.
About this update from Gold Strike Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, June 05, 2019 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. (\"Sanatana\" or the \"Company\": TSX-V: STA) is pleased to announce that Mr. Buddy Doyle has been appointed President and Mr. Ian Smith has accepted an offer to become Chairman of the Board of the Company. Mr. Doyle and Mr. Smith bring Sanatana a wealth of relevant experience in geology and mining engineering. Mr. Peter Miles will remain CEO of the Company. Mr. Peter Miles, CEO, states \"Buddy and Ian's extensive knowledge and experience working in the PNG-Solomon Islands region at Lihir and Panguna will be invaluable to Sanatana as we begin exploration on our Tirua project. I look forward to working with them both as we move forward.\" Mr. Buddy Doyle, President, states \"I'm excited to be back exploring in the prolific PNG Solomon Islands region and I look forward to working on our Tirua project.\" Mr. Ian Smith, Chairman of the Board, states \"It is both a privilege and exciting to be on the experienced Sanatana team working on the exploration of the Tirua project which is located in the prolific Ring of Fire Belt that has spawned such world-class epithermal and porphyry deposits as Lihir and Panguna among others.\" Sanatana is also pleased to announce that field work has commenced on the Company’s 100% owned Santoy property in northwest Ontario. There is no recorded drilling within the property. A two-week reconnaissance ground geophysics program is being undertaken to define two discrete airborne electromagnetic (“EM”) conductors on the ground with the aim of fine tuning a drill program later in the season to test the subsurface anomalies. Very low frequency (“VLF-EM”) traverses will be completed at intervals along both conductors to pin down the trends on the ground to assist with planning the locations for drill holes to provide the best opportunity to intersect the conductive source at depth. The Santoy property lies within the western part of the Schreiber-Hemlo greenstone belt covering 479 hectares and is underlain by a folded and foliated sequence of mafic to felsic volcanics with minor units of ultramafics and metasediments. There are two discrete strongly conductive units in the greenstone belt sequence delineated in the publicly available Ontario Geological Survey airborne electromagnet...