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Satori Resources Inc.
Summary
| Project: | Tartan Lake | |
|---|---|---|
| Deposit: | Tartan Lake | |
| Location: | Canada | |
| Commodities: | Gold | |
| Date: | 2/23/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-2-2017: Satori Resources Inc. announces a Resource Estimation report for its Tartan Lake deposit at the Tartan Lake project. Updated mineral resources increased by 135%. The management of Satori Resources Inc. (Satori) contracted Mining Plus Canada Con | |
| Resources: | (Resource): 1.18Mt @ 6.32g/t Au (Ind.) and 240kt @ 4.89g/t Au (Inf.) at project | |
| CP/QP: | [Resources]: Allan Armitage, Peter Karelse (GeoVector Management Inc.;Independent) | |
| ABSTRACT: | The management of Satori Resources Inc. (Satori) contracted Mining Plus Canada Consulting Ltd. (MP) to prepare a National Instrument 43-101 report on the Tartan Lake project. This study summarizes the mineral resource estimate. The Tartan Lake project is located in Manitoba, Canada near the town of Flin Flon. The Tartan Lake mine site was visited on August 25, 2016 by Peter Karelse, QP accompanied by Bruce Reid of Satori Resources. Mr. Karelse visited further times after this initial trip for site exploration drilling. Satori Resources had done no exploration at Tartan Lake since acquiring the project in 2011 from St. Eugene until 2016. Satori completed a diamond drill program in late 2016 of six holes totalling 1,568 meters. The Tartan Lake process plant was initially designed and constructed as a 250t/d concentrator to process gold bearing ore with a head grade of 12g/t. The updated resource estimate for the Tartan Lake deposit was released by Satori on February 23, 2017. The updated resource is reported at a COG of 3.0 g/t gold. For the 2017 resource estimate, a total of 15 three-dimensional (3D) wireframe grade control models were constructed and provided by Karelse. There have been no recent environmental studies. The property contains a significant gold deposit as summarized in the resource estimate. It is open for extension on strike and down dip with further drilling. Further metallurgical study is recommended. The recommended drilling will likely add to the deposit outside the resource area and increase the classification quality inside the resource area. | |
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