TORONTO, ONTARIO--(Marketwired - June 13, 2017) -
THIS NEWS RELEASE IS NOT INTENDED FOR DISSEMINATION IN THE UNITED STATES OR DISTRIBUTION TO U.S. NEWSWIRE SERVICES
Satori Resources Inc. (TSX VENTURE:BUD) ("Satori" or the "Company") has commenced diamond drilling at the Company's 100% owned Tartan Lake Gold Mine Project ("Tartan Lake" or the "Project") located in Flin Flon, Manitoba. The purpose of the drill program is to extend and expand the known high-grade gold mineralization.
Will Ansley, President and CEO of Satori commented: "The initiation of the Company's 2017 Exploration Program is an important and exciting step as we look to expand the existing high-grade gold resources at Tartan Lake."
The 2017 Exploration Program will consist of approximately 4000 metres of diamond drilling split into two phases:
Phase 1 - The Phase 1 drill program will consist of approximately 2000 metres of diamond drilling in six holes designed to step-out from known mineralization and expand the high-grade gold resources in the Main & South Zones as well as increase our understanding of the structural and lithological controls on mineralization. In addition to drilling, the Phase 1 program includes a regional compilation of the property to identify exploration potential throughout the 2670 hectare property. It is anticipated that the Phase 1 program will be completed in July 2017.
Phase 2 - The Phase 2 program will consist of approximately 2000 metres of diamond drilling to follow-up on the results from Phase 1 and to investigate other high priority targets in proximity to the known gold mineralization. Phase 2 may include geophysical and geochemical sampling programs to follow-up on exploration targets identified during the Phase 1 regional compilation.
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 47,000 ounces of gold between 1987-1989. The Project hosts an indicated resource of 240,000 ounces at 6.32 grams per tonne. A 450 tonne per day gold concentrator and related infrastructure remains at the Project along with a decline ramp providing access to developed gold mineralization within the Main and South Zones to a vertical depth of 320 metres.
This news release was reviewed and approved by Shastri Ramnath (P.Geo.) as the Qualified Person under National Instrument 43-101.
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.
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Will Ansley, CPA, CA
Chief Executive Officer
Satori Resources Inc.