- Sanatana Resources (STA) provided an exploration update on its 2022 IP program at its Oweegee Dome project
- The 2022 program saw the discovery of four large, deeper chargeability IP anomalies that the company thought might exist to the south and west at Oweegee
- Follow-up drilling is set for the Delta Crescent and the other four anomalies in 2023
- Sanatana Resources (STA) is up 12.50 per cent, trading at $0.09 at 10:40 am ET
Sanatana Resources (STA) provided an exploration update on its 2022 IP program at its Oweegee Dome project.
The project is located in British Columbia’s Golden Triangle. The 2022 program has resulted in the discovery of four large, deeper chargeability IP anomalies that the company thought might exist to the south and west at Oweegee, owing to an enhanced understanding of the geological structure at Oweegee Dome.
The Vancouver-based mineral explorer conducted the 2022 IP program from July to September 2022 and included eight line-kilometres of IP geophysical surveying, focused mainly to the south and west of the 2021 program. This program expands and improves the nine line kilometres of IP geophysical surveying completed in 2021.
The company’s President, Buddy Doyle, said the team’s work to date has demonstrated that they are in the upper levels of a BC-style porphyry system.
“Any one of these IP anomalies, upon drilling, could reveal the deeper, usually higher copper tenor, part of the system. Drill testing these will be an exciting part of our 2023 season.”
CEO Peter Miles added that the company’s 2022 exploration program was designed to test and expand the understanding of Oweegee Dome’s geology.
“The IP program has identified five anomalies, of which four are new, which will be followed up in our 2023 drill program. We are still waiting on assay results from our 2022 drill program and will report on those when received. We expect the first complete hole, likely drill hole #8, to be reported on imminently. News flow should increase substantially over the next few months as the results of our approximately 3,700 metre, $3.3 million 2022 exploration program are received.”
Follow-up drilling is set for the Delta Crescent and the other four anomalies in 2023. Additional IP will be undertaken to close off the Dome and Junction anomalies which occur near the survey boundary.
Sanatana Resources Inc. (STA) is in the business of acquiring, exploring, and developing mineral properties. The company’s properties include Oweegee Dome Project, Gold Rush Project, and Santoy Property.
Sanatana Resources (STA) is up 12.50 per cent, trading at $0.09 at 10:40 am ET.