Sanatana Resources (TSXV:STA) Completes 2024 Drill Program at Oweegee Dome Project, with Some Results Pending

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Sanatana Resources (TSXV:STA) has completed its 2024 drilling program at the Oweegee Dome Project in Northern British Columbia’s Golden Triangle. The program involved 2,359 meters of drilling across four holes, with results still pending.

Peter Miles, CEO, commented in a press release: “We are encouraged by our 2024 drill program as it has given us valuable vectoring information that will guide future drill programs. We expect that the assay results will provide further guidance. The 2024 program marks our fourth consecutive year at Oweegee Dome and we have achieved the exploration expenditure and drilling commitments that are critical to earning a majority interest in the property. We look forward to forming a joint venture with ArcWest and planning the next phase of exploration.”

Previous exploration had already identified a porphyry copper-gold system at Oweegee. The 2024 drilling aimed to better understand the location of the potassic core of this system. The program tested the Junction IP anomaly with two holes (OW24-01 and OW24-02), but these did not clarify the anomaly. Additional step-out holes (OW24-03 and OW24-04) drilled to the northwest encountered altered intrusives, suggesting a stronger alteration in this direction.

The company has met the 6,000-meter drilling and $6.6 million exploration expenditure requirements under its agreement with ArcWest. To earn a 60% interest in the property, Sanatana must pay $300,000 and issue 700,000 shares to ArcWest by December 31, 2024.

Recent drilling in the Delta Zone has expanded the known mineralized area, revealing mineralized altered intrusions and breccias. These findings will help guide future drilling efforts. The Junction IP anomaly, initially targeted in 2024, did not reveal porphyry-style mineralization but will still be evaluated further.

Highlights from the results are as follows:

Table 1. Drill hole Location NAD83 Zone 9, with other hole parameters.

Drill hole Easting Northing Total depth Elevation Azimuth Dip
OW24-01 468873 6272685 606m 1189m 3550 -700
OW24-02 468935 6273309 927m 1394m 0500 -700
OW24-03 468397 6274050 453m 1635m 1200 -500
OW24-04 468397 6274050 373.3m 1635m 1200 -750

 

 

 

 

 

The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.

By Matthew Evanoff

I specialize in the mining industry, focusing on top global mining stocks. My reporting covers the latest industry news, company/project developments, and profiles of key players. Beyond my professional pursuits, I have a keen interest in global business and a love for travel.

Comments are closed.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Euromax Resources Ltd. EOX.V +50.00%
 Pele Mountain Resources Inc. GEM.V +50.00%
 Metalex Ventures Ltd. MTX.V +50.00%
 MRG Metals Limited MRQ.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Rimfire Pacific Mining NL RIM.AX +29.03%
 Gleneagle Gold Ltd. GLN.AX +26.09%
 Sego Resources Inc. SGZ.V +25.00%
 Tearlach Resources Ltd. TEA.V +25.00%
 GTI Resources Ltd. GTR.AX +25.00%