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