Sanatana samples 1.7 metres of 4.6 g/t gold at Gold Rush Project, Ontario
Sanatana Resources Inc. [STA-TSXV; SADMF-OTC] reported final assays from 213 channel samples collected at the North Shaft prospect on the Gold Rush Project, 25 km west of Timmins, northeast Ontario.
Headline assay of 4.6 g/t gold over 1.7 metres consists of two adjacent and continuous channel samples of 6.35 g/t gold over 0.75 metres and 3.27 g/t over 0.93 metres. Stripping uncovered two gold-bearing zones at the North Shaft prospect. The Eastern Zone is a new discovery trending 125 degrees azimuth (ESE) for over 100 metres with assays from trace to 6.35 g/t gold over 0.75 metres. The Western Zone trends 260 degres (west) for 70 metres and includes a 27.3 g/t grab sample (reported earlier) and a channel sample of 1.94 g/t gold over 1 metre.
Both zones are open along strike. Follow up exploration is warranted. North Shaft is the first of eight known gold prospects on the property to be explored in detail by Sanatana.
Buddy Doyle, President, commented, “The North Shaft prospect is just one of at least eight mineralized prospect zones on the Gold Rush. With less than 7% of the Gold Rush properties exposed in outcrop, we are pleased to see broad zones of mineralization in these channel samples.”
The western trend is centred around the historic North Shaft, where Sanatana earlier reported a grab sample containing 27.3 g/t gold. Gold Zone W shear zone continues for some 70 metres and is open along strike at 260 degrees azimuth (WSW) and untested with depth. The zone is 1-2 metresd wide, with the best channel sample returning 1.94 g/t over 1 metre.
Gold Zone E is a new discovery hosted by gabbro and exposed in two stripped areas. In outcrop, Gold Zone E is a shear zone is 2-5 metres wide. The best gold results are from two adjacent 6.35 g/t gold and 3.27 g/t gold channel assays that combine for 4.6 g/t gold over 1.7 metres. Gold Zone E is open along strike and at depth.
Further work at North Shaft will include more ground geophysics and scout drilling below gold-bearing channel samples, where the zones intersect, and along strike.
Sanatana entered into a shares-for-debt agreement with an arm’s length creditor to settle $70,000 of debt by issuing 350,000 shares at a deemed price of $0.20 per share to the creditor.