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Satori Undertakes Gravity Concentration Testing on Tailings

03.12.2019  |  GlobeNewswire

TORONTO, Dec. 03, 2019 - 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 Shippen
Chair, Satori Resources Inc.
pjs@extramedium.ca
416-930-7711

Jennifer Boyle, B.A., LL.B
President and Chief Executive Officer
Satori Resources Inc.
C: (416) 904.2714
jennifer@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.


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