Sanatana Resources Inc. (TSXV: STA) has completed the majority of the preparations required to carry out the 2022 exploration programme on its Oweegee Dome project in British Colombia.
The company has also announced a private placement that is expected to raise gross proceeds up to $2.7 million which will be used to fund the upcoming drill programme at Oweegee.
“Sanatana is pleased to announce the 2022 exploration and initial drilling programme at Oweegee,” CEO, Peter Miles, said.
“We have assembled an outstanding team for the 2022 exploration program and, with the funds we have on hand and with the strong endorsement from Teuton Resources’ recent investment in the company, we are well positioned for an exciting initial drill programmr at Oweegee.
“Porphyry copper gold deposits are company makers and our drilling and exploration at Oweegee will be closely watched by both investors and mining industry veterans alike.”
Oweegee Exploration Programme
Sanatana’s management proactively began securing contracts for the 2022 exploration program for Oweegee in late 2021. The company is pleased to report that all essential services have been secured for a 5,000 m drill programme at Oweegee starting as soon as snow conditions allow. Field crews are scheduled to start on June 1, 2022.
A 5,000 m drill contract has been signed with Atlas Drilling to provide a helicopter-portable drill rig capable of drilling in excess of 500 m hole length of HQ core. Drilling will initially focus on geochemical and geophysical targets at the Molloy monzonite which hosts the strongest Cu-Au mineralidation identified to date, but has never been drill tested.
Prior to drilling, field crews will be tasked with mapping and prospecting lower elevation areas of interest as well as preparing drill and helipad locations. Timbers for drill pad construction were delivered at the end of 2021 and are in position to be built at the first pad. Additional timbers have been pre-ordered and will be delivered throughout the summer.
Geophysical Induced Polarization (IP) surveying is scheduled to start in early July 2022. The 2022 lines will expand on the previous year’s 3 x 1.6 km survey area around the Molloy zone as well as multi-kilometre reconnaissance IP lines at the Glacier and Skowill prospects. Results from the 2021 3-D IP survey revealed several anomalies with the most interesting anomaly being a high chargeability halo surrounding the Molloy monzonite (see Figure 1 below) which is interpreted to be a pyrite halo, a common characteristic of porphyry deposits.
Sanatana will be using a core scanner from GeologicAI. The multi-scanner will log drill core in near real time with x-ray fluoresce (XRF), hyperspectral imaging and high definition core photos. The output is a consistent digital log and stripchart to be used to assist core logging geologists to identify alteration assemblages which are not visible to the eye as well as give immediate indications if economic minerals are present to aid efficient sample collection.
“Oweegee contains the right ingredients for a potential significant deposit but never been fully explored,” Project Manager, Jeff Kyba, said.
“The identification of porphyry style veins and multiple intrusive phases during the 2021 field programme significantly upgraded the project. Considering the Molloy zone is only 8 km east of Highway 37 and the northwest transmission line, Oweegee is more accessible than many projects in the Golden Triangle and this summer we will test if the Cu-Au grades extend to depth. The porphyry has been found, now our job is to determine the size of it.”
For further information please visit: https://www.sanatanaresources.com/
