Satori Undertakes Gravity Concentration Testing on Tailings
December 03 2019 - 9:12AM
Satori Resources Inc.
(TSXV:BUD) (“Satori” or the
“Company”) announces that it will test gravity
recovery on the historic tailings materials using grab samples
recently collected and randomly extracted from the tailings pond at
the Tartan Lake Gold Mine Project. Based on historical mill
production, and the assays results (from the tailings grab
samples), which range from 2.7 to 3.6 grams per tonne Au, the
gravity test will enable the Company to better understand the
economics of unrecovered minerals in the tailings pond.
Specifically, gravity testing will allow the
Company to evaluate a recovery plan which may include a systematic
sampling program, and to determine whether or not a saleable
concentrate can be produced.
These activities are part of the Company’s
continuing evaluation of the Tartan Lake Gold Mine Project, which,
as summarized in a Technical Report dated April 5, 2017, and using
a 3.0 g/t gold cut off grade, comprises an Indicated Resource of
1,180,000 tonnes at 6.32 g/t Au for 240,000 ounces, and an Inferred
Resource of 240,000 tonnes containing 37,000 ounces gold at 4.89
g/t. See News Release dated February 23, 2017.
Peter Karlese, P.Geo., and Dr. Todd Harvey,
Process Engineer and registered member of the SME (USA), are the
qualified persons responsible for the technical information in this
news release.
ABOUT SATORI RESOURCES INC.
Satori is a Toronto-based mineral exploration
and development company whose primary property is the Tartan Lake
Gold Mine Project (100% interest), located in the prolific Flin
Flon Greenstone Belt, Manitoba.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Pete ShippenChair, Satori
Resources Inc.pjs@extramedium.ca416-930-7711
Jennifer Boyle, B.A.,
LL.B
President and Chief Executive Officer Satori Resources
Inc.
C: (416) 904.2714jennifer@capexgroupinc.com
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this release.
CAUTION REGARDING FORWARD-LOOKING
INFORMATION
This news release of Satori contains statements
that constitute “forward-looking statements.” Such forward-looking
statements involve known and unknown risks, uncertainties and other
factors that may cause Satori’s actual results, performance or
achievements, or developments in the industry to differ materially
from the anticipated results, performance or achievements expressed
or implied by such forward-looking statements.
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO
U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.
Satori Resources (TSXV:BUD)
Historical Stock Chart
From Jul 2024 to Aug 2024
Satori Resources (TSXV:BUD)
Historical Stock Chart
From Aug 2023 to Aug 2024