Sanatana Resources (TSXV:STA) has completed its 2024 drilling program at the Oweegee Dome Project in Northern British Columbia’s Golden Triangle. The program involved 2,359 meters of drilling across four holes, with results still pending.
Peter Miles, CEO, commented in a press release: “We are encouraged by our 2024 drill program as it has given us valuable vectoring information that will guide future drill programs. We expect that the assay results will provide further guidance. The 2024 program marks our fourth consecutive year at Oweegee Dome and we have achieved the exploration expenditure and drilling commitments that are critical to earning a majority interest in the property. We look forward to forming a joint venture with ArcWest and planning the next phase of exploration.”
Previous exploration had already identified a porphyry copper-gold system at Oweegee. The 2024 drilling aimed to better understand the location of the potassic core of this system. The program tested the Junction IP anomaly with two holes (OW24-01 and OW24-02), but these did not clarify the anomaly. Additional step-out holes (OW24-03 and OW24-04) drilled to the northwest encountered altered intrusives, suggesting a stronger alteration in this direction.
The company has met the 6,000-meter drilling and $6.6 million exploration expenditure requirements under its agreement with ArcWest. To earn a 60% interest in the property, Sanatana must pay $300,000 and issue 700,000 shares to ArcWest by December 31, 2024.
Recent drilling in the Delta Zone has expanded the known mineralized area, revealing mineralized altered intrusions and breccias. These findings will help guide future drilling efforts. The Junction IP anomaly, initially targeted in 2024, did not reveal porphyry-style mineralization but will still be evaluated further.
Highlights from the results are as follows:
Table 1. Drill hole Location NAD83 Zone 9, with other hole parameters.
The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a licensed professional for investment advice. The author is not an insider or shareholder of any of the companies mentioned above.
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