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Sanatana Resources Inc.
Summary
| Project: | Tirua | |
|---|---|---|
| Deposit: | Tirua | |
| Location: | Solomon Islands | |
| Commodities: | Gold-Copper | |
| Date: | 12/10/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Supporting Acquisition | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 10-12-2019: Sanatana Resources Inc. announces a Supporting Acquisition report for its Tirua deposit at the Tirua project. Summary of property in support of acquisition. Sanatana Resources Inc. (Sanatana or the Issuer) is the holder of Prospecting Licence | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Neil McLean (Metalquest Pty Ltd.) | |
| ABSTRACT: | Sanatana Resources Inc. (Sanatana or the Issuer) is the holder of Prospecting Licence (PL) 03/19 over the Tirua Project (the Property or the Project) which is located on the island of New Georgia in the Western Province of the Solomon Islands. The PL is held by Exsol (SI) Limited, a Solomon Islands registered company wholly-owned by Sanatana. The acquisition of the Property is through a Prospecting Agreement with a group of individuals and private companies and partnerships, termed the Vendors. Details of the Agreement are provided in the main body of the text. The Property is centred on a breached, deeply eroded Pliocene-Pleistocene basaltic stratovolcano – the Kolo Caldera. Erosion has exposed a sub-volcanic, multiphase, intrusive complex in the centre of the caldera – the Tirua intrusions. The intrusions are surrounded by extensive flows of andesite and olivine basalt. The majority of the western and southern portions of the intrusive complex are characterised by low topographic relief and are covered by shallow alluvium or swamp. The dominant structural trends in the Property are arc-parallel northwest striking faults and arcnormal northeast trending faults. Arcuate ring structures are also present and have likely resulted from the intrusion of the multiple stocks that form the core of the caldera. The Property has been the subject of previous exploration campaigns focussed primarily on the discovery of porphyry copper-gold mineralisation. | |
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