- Satori Resources (BUD) has completed its first diamond drill hole at the Tartan Lake project in Manitoba
- The drill hole is the deepest that has been drilled at Tartan Lake to date
- It targeted the Main Zone mineralization that was previously detected in geophysical surveys
- The company plans to drill an additional four or five deep drill holes as planned, and will release drill results when available
- Satori Resources is a mining exploration company operating in Canada that is mainly engaged in the exploration, evaluation, and development of mineral properties
- Satori Resources Inc. (BUD) is steady, trading at $0.11 per share
Satori Resources (BUD) has completed its first diamond drill hole at the Tartan Lake project in Manitoba.
The drill hole is the deepest that has been drilled at Tartan Lake to date and targeted the interpreted down plunge continuation of the Main Zone mineralization at a depth of 700 meters from surface.
Jennifer Boyle, CEO of Satori, commented,
“We are obviously very pleased that our first hole intersected the Main Zone target as planned, intersecting a wide shear zone with quartz-carbonate-tourmaline-albite veining typical of the Main Zone mineralization. This confirms our belief that the Tartan Lake system extends to depth, and that further drilling is warranted.”
The Main Zone intersection encountered in the drill hole shows intense shearing with strongly foliated-deformed-crenulated tuffaceous volcanic rock. Alteration within the Main Zone includes fuchsite, tourmaline and iron carbonate.
Wes Hanson, P. Geo. and a director of the company, stated,
“We plan to continue our phase one drill program as planned, completing an additional 4 to 5 deep holes targeting the interpreted down plunge continuation of the Main Zone. We expect to complete drilling by the end of May when we will switch our focus to evaluating a number of undrilled geophysical targets associated with sheared volcanic rocks, a similar geological setting to the initial gold discovery at Tartan Lake.”
The Tartan Lake Project is located northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine, which produced 36,000 ounces of gold from 250,000 tonnes of ore feed from 1986 to 1989.
Satori Resources is a mining exploration company operating in Canada that is mainly engaged in the exploration, evaluation, and development of mineral properties.
Satori Resources Inc. (BUD) is steady, trading at $0.11 per share as of 1:02 pm ET.