- Satori (BUD) commences drilling and preliminary work for an IP survey
- The first 2,000 metres of a 5,000 metre drilling campaign has commenced at the McFadden Zone
- Drilling at McFadden will precede the 3,000 metre drill program planned to further test the Main Zone, the South Zone, and the interpreted new Hanging Wall Zone
- The drilling equipment currently on site has depth capacity for South Zone and McFadden Zone
- The survey shows several narrow resistive zones and corresponding IP chargeability anomalies
- Satori Resources Inc. (BUD) is trading at C$0.14 at 10:28 am ET
Satori Resources (BUD) has started a drill campaign and preliminary work to complete an IP survey at the Tartan Lake project, Flin Flon, Manitoba.
The first 2,000 metres of a 5,000-metre drilling campaign has commenced at the McFadden Zone; a 30 metre by 40 metres stripped shear zone outcrop located 1 kilometre southeast of the known Main Zone deposit.
Drilling at McFadden will precede the 3,000-metre drill program planned to test further the Main Zone, the South Zone, and the interpreted new Hanging Wall Zone, which returned the second-highest value intercept ever recorded at Tartan Lake at hole TLMZ21-12, intersecting 47.56 g/t Au averaged over 5.8 meters, into a broader interval averaging 23.76 g/t Au over 12.6 meters.
Satori plans to drill the Hanging Wall Zone and the Main Zone at greater depths with a drill rig with deep-drilling capacity.
The drilling equipment currently on-site has depth capacity for South Zone and McFadden Zone and allows Satori to access McFadden at this time by winter road.
Jennifer Boyle, Chief Executive Officer, states, “Drilling at McFadden provides Satori with the opportunity to make a potential discovery outside of the known Main Zone and South Zone deposits.”
“We are following up on a historical stripped area with surface expressions of extensive quartz-carbonate-tourmaline veining within a significant shear zone, similar to what we see at Main Zone and South Zone,” added Boyle.
It also informed the public about its completed first phase of a two-phase 45 line kilometre Induced Polarization survey.
The survey shows several narrow resistive zones and corresponding IP chargeability anomalies that could represent quartz veins within a sulphide enriched shear expression at McFadden.
The survey has also produced several anomalies elsewhere and has generated preliminary targets for drill testing. The grid covers the Main Zone, the South Zone, and nearby targets of Ruby Lake, McFadden and N229.
Satori is a Toronto-based mineral exploration and development company whose primary property is expanding the resource at the past-producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba.
Satori Resources Inc. (BUD) is trading at C$0.14 at 10:28 am ET.