Satori Resources Inc. Field Update
Toronto, August 4, 2021 - Satori Resources Inc. (TSXV: BUD) ("Satori" or the "Company") announces that the 2021 Phase II drilling program at the Company's 100% owned Tartan Lake Gold Project near Flin Flon, Manitoba has been approved and will be commencing imminently. Although all assay results from the Phase I diamond drilling program have been received and the associated QA/QC procedures are nearing completion (prior to release), this Phase II program will focus initially on the South zone, targeting the down dip continuation of the high grade mineralization. A total 3,000 metres of diamond drilling is planned for this Phase II campaign, and details will be finalized and announced once the full analyses of the Phase I drill results have been completed.
The Phase II diamond drill program is fully funded, and barring any unforeseen delays due to Wildfire Safety or COVID restrictions, initial mobilization and logistical efforts are underway.
ABOUT SATORI RESOURCES INC. (TSXV: BUD)
Satori is a Toronto-based mineral exploration and development company whose primary property is the past producing Tartan Lake Gold Mine Project, located in the prolific Flin Flon Greenstone Belt, Manitoba. Satori also holds a 100% interest in the New Delhi Project, an advanced polymetallic gold project in the Sudbury Mining District, Ontario.
The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989); which produced 36,000 ounces of gold from 250,000 tonnes of ore feed. Remaining infrastructure includes: all season access road, grid connected power supply, mill, mechanical, warehouse and office buildings, tailing impoundment and a 2,100 metre decline and developed underground mining galleries to a depth of 300 metres from surface. Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-west striking, steeply dipping shear zones up to 30 metres in width. The veins vary from several centimetres to several metres in width and gold grades vary from 1.0 to +100 g/t. Mineralization at the mine is currently drill limited and open at depth.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B.
President and Chief Executive Officer
Satori Resources Inc.
(416) 904-2714
jennifer@capexgroupinc.com
Mr. Pete Shippen
Chair, Satori Resources Inc.
(416) 930-7711
pjs@extramedium.ca
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CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release of Satori contains statements that constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Satori's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.
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