- Satori Resources (BUD) has received results from the first hole in its Phase II drill program at Tartan Lake
- It is the longest high-grade intercept encountered to date from the South Zone
- Previous holes reported targeted the Main Zone mineralization 200 metres to the northwest
- Management is optimistic about these latest results
- Satori is a Toronto-based mineral exploration and development company
- Satori Resources (BUD) is trading at $0.14 per share
Satori Resources (BUD) has received results from the first hole in its Phase II drill program at Tartan Lake.
Drilling has been focused on the South Zone of Tartan Lake, which is located near Flin Flon, Manitoba.
Results from this first hole suggest the presence of continuous gold mineralization in the deposit area. It is the fifth diamond drill hole of the 2021 drill campaign, and the longest high-grade intercept encountered to date from the South Zone.
Jennifer Boyle, CEO of Satori, commented on the results.
“For the first time in decades this project is benefitting from a new team applying modern day techniques in a robust gold environment,” she remarked. “This intercept has exceeded our expectations and illustrates the expansive potential for Tartan Lake.”
Previous holes reported targeted the Main Zone mineralization 200 metres to the northwest.
Drilling targeted the steep plunge of high-grade mineralization in the South Zone, where hole TLSZ21-05 intersected 24.23 g/t gold over 2 metres at 150 metres from the surface.
Mineralization in the South Zone is essentially parallel to the Main Zone mineralization, which plunges steeply to the west. This initial hole suggests that the South Zone mineralization has the same orientation.
“We couldn’t be more pleased with the results of TLSZ21-05,” said Satori director and professional geologist Wes Hanson. “The South Zone represents a second opportunity to increase the mineral resource of the project, with both the Main Zone and the South Zone being accessible to the existing underground infrastructure.”
“Once additional results are received,” added Mr. Hanson, “we will evaluate our targeting and plan follow up holes to continue to demonstrate potential to increase the mineral resource.”
Satori is a Toronto-based mineral exploration and development company. Its primary property is the past-producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt of Manitoba.
Satori Resources (BUD) is trading at $0.14 per share.