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Sanatana Resources Provides Update on Its Tirua Project in the Solomon Islands
VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. (“Sanatana” or the “Company”) is pleased to report that, after conductin
About this update from Gold Strike Resources Corp.
[{"type":"text","content":" VANCOUVER, British Columbia, April 16, 2019 (GLOBE NEWSWIRE) -- Sanatana Resources Inc. (“Sanatana” or the “Company”) is pleased to report that, after conducting a recent site visit to the Tirua Project, it has successfully completed all of the material prerequisites that are necessary to commence exploration including meetings with landholders, an environmental baseline study, setting up bank accounts and protocols for operating in the Solomon Islands. Mr. Peter Miles, President and CEO of Sanatana, states, “We expect to begin exploration by early May 2019 pending TSX-Venture Exchange approval. Over the past several months, Sanatana has moved the Tirua project from a concept to a fully licensed and permitted project and we look forward to beginning exploration on the property.” Sanatana's exploration team, headed by Mr. Buddy Doyle, has been reviewing existing data and making plans for an initial exploration program. Previous work focused on a small area of the Tirua project in particular following up on a drill intersection of 62m of 0.45% Cu (previously disclosed in news release dated October 24, 2018). Looking at the airborne magnetics the drilling mostly skirted the edge of a magnetic intrusion thought to be predominantly diorite. Interpretation of the airborne magnetics suggests that there are several larger igneous complexes and many smaller ones in the caldera that all provide exploration targets for potential porphyry-related mineralization. Only one has been drill tested and only on its northeastern periphery. Review of assay results from 4,988 soil samples previously collected over the northern and eastern portion of the caldera show a zone of anomalous elemental groupings south of the drilling that appears to demonstrate a porphyry centre with an alteration zone funneling out above it. This zone, which is 2.1km in diameter at surface, is depleted in Zn, Mn, Cr, Ni, V, Fe, Sc, and Li, mobile elements or elements associated with mafic minerals which are invariably altered and mobilized in porphyry systems. This same zone is elevated in Cu, Au, Bi, and Te. This zone has been named the Dilma Porphyry target. Although not significantly mineralized, two drill holes intersected the northwest half of this funnel and these are the only drill holes that showed pervasive potassic alter...