- Satori Resources (BUD) has received an exploration permit for its Tartan Lake Project in Manitoba
- The permit on its 100-percent-owned property, is valid for three years.
- It allows for 155,000 metres of drilling
- The Toronto-based mineral resource exploration company plans to resume drilling in the current quarter, with a 5,000-metre phase II drill program
- The drill program will include a series of deep holes testing the extent of recently-announced high grade mineralization
- Satori Resources is unchanged, trading at $0.14 at 10:04 a.m. EST
Satori Resources (BUD) has received an exploration permit for its Tartan Lake Project in Manitoba.
The permit on its 100-percent-owned property, is valid for three years.
It allows for 155,000 metres of drilling.
The Toronto-based mineral resource exploration company plans to resume drilling in the current quarter, with a 5,000-metre phase II drill program.
The upcoming drill program will include a series of deep holes testing the extent of recently-announced high grade mineralization, which intersected an average 47.56 grams per tonne of gold over 5.8 metres, within a wider interval averaging 23.76 grams per tonne over 12.6 metres.
This is the second highest value intercept ever recorded at Tartan Lake with over 500 holes completed to date, and was one of the top five high grade drill intercepts reported last year.
The company also plans continue to expand the South Zone to depth, and to begin drill testing targets along the property’s wide shear zone, outside of the current resource areas.
“We are looking forward to following up on the spectacular high grade results reported in TLMZ21-12. Our phase one drill program at the Main and South Zones delivered on every one of our stated objectives. We demonstrated continuity of the mineralized system at depth, down plunge, and we are thrilled that of the twelve holes drilled, two reported intersections which ranked as the second highest results ever at both the Main and South Zone deposits. We have a strong balance sheet going into 2022 and the phase 2 drilling in Q1 is intended to expand the high-grade Hanging Wall Zone intersected in TLMZ21-12,” said Satori President and CEO Jennifer Boyle.
The 2,670-hectare Tartan Lake Project includes the past-producing Tartan Lake Mine and is located in the Flin Flon Greenstone Belt, Manitoba.
Satori Resources is unchanged, trading at $0.14 at 10:04 a.m. EST.