Satori will be renamed and receive a new ticker symbol. The new enterprise will have about C$2.2 million in cash and, again, no debt.
At the Tartan Lake project, a deep follow-up drill program to reach approximately 800 metres below surface will be completed to expand the define the Hanging Wall zone discovered in December 2021. The earlier drill program intersected 23.76 g/t over gold 12.6 metres, including 47.56 g/t gold over 5.8 metres.
The discovery is open in all directions. Information from this program of deep drilling and those from previous drilling since 2017 will be used to update the 43-101 resource estimate. Then a preliminary economic assessment will be made for the potential to reopen the mine.
The Tartan Lake mine operated from 1986 to 1989, and the permits under which it operated will need to be updated.
“High grade gold intercepts have always caught my attention, and here there are many,” said McEwen. “The…
