UPDATE: Sanatana Provides Exploration Update on the Watershed Property; Shares Fall to New Yr Low

By MidnightTrader.com Staff,

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Sanatana Resources Inc. (STA.V) today provided an exploration update for the Watershed Property.

The Company has completed an infill drill program around the Clam Lake prospect on its 17.6-hectare mineral claim 3011820. The drill program was designed to gain a better understanding of the recently discovered gold mineralization at Clam Lake.

Sanatana has earned a 50% interest in Watershed Property, and has an option to earn a further 1% interest on completion of a pre-feasibility study with its partner Trelawney Augen Acquisition Corp., a company 100% owned by IAMGOLD Corporation (IMG.TO)

Sixteen drill holes were completed for a total of 4,805.8m and new intercepts of gold mineralization were encountered in most of the drill holes.

Sanatana is down 1 cent to a new yr low of 7 cents late morning. Close to 235,000 shares have been traded.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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