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Satori Resources Inc.

TSXV Exchange | Nov 13, 2019, 3:26 AM EST | Real-time price

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Tartan Lake Gold Mine – Site Evaluation Report

TORONTO, Oct. 31, 2019 (GLOBE NEWSWIRE) -- Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) announces that Global Resource Engineering Ltd. has completed its on-site evaluation at the Tartan Lake Gold Mine Project in Flin Flon, Manitoba, and concludes that the mine site and infrastructure remains in reasonable condition, particularly given the length of time that the project has been on care and maintenance.

The engineering consultants confirmed that the mine surface facilities include a process plant, shops/warehouse, offices, crusher infrastructure, mine dry, backfill plant, and tailings impoundment. The process facilities are largely intact and the mill building is in reasonable condition.  It was concluded that the plant itself could likely be rehabilitated, however, the grinding mills have been disassembled and mill liners removed.  The floatation circuit, leach circuit and related parts including a Merrill-Crowe and cyanide destruction system comprise part of the original processing equipment. The report further indicated that the original spiral concentrator gravity circuit appeared to be complete, but disassembled.

Manitoba Hydro continues to power the site and Global Resource Engineering stated that the sub-station appeared in good working order, most electrical components appear in good working order (MCC and wiring is mostly intact), and that the amount of power available should be sufficient for a re-start of the mine.

While several components were reported to be in poor condition or missing, it was concluded that most items could be readily repaired or replaced, such as mobile equipment, garage doors, access road, crushers, conveyer belts and other related items.  

The on-site evaluation program included an assessment of the historical tailings for the purpose of evaluating a tailings recovery program.  Results are pending.

Dr. Todd Harvey, Process Engineer, is the Qualified Person who has reviewed and approved the technical contents of this news release for and on behalf of Satori.

ABOUT SATORI RESOURCES INC.

Satori is a Toronto-based mineral exploration and development company whose primary property is the Tartan Lake Gold Mine Project (100% interest), located in the prolific Flin Flon mining district, in Manitoba, Canada. The Tartan Lake Gold Mine had historical high-grade production of 48,000 ounces of gold between 1987-1989.  The Project hosts a largely intact 450 tonne per day gold concentrator and related infrastructure, along with a decline ramp providing access to developed gold mineralization within the Main and South Zones to a vertical depth of 320 metres. 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Ms. Jennifer Boyle
President and Chief Executive Officer, Satori Resources Inc.
jennifer@capexgroupinc.com
416-904-2714

Mr. Pete Shippen
Chair, Satori Resources Inc.
pjs@extramedium.ca
416-930-7711

For further information, please visit www.satoriresources.ca.

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this release.

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.

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

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