In 2020 Satori acquired a 100% interest in an advanced polymetallic brown field project, comprising 51 mining claims in Ontario’s Sudbury Mining Division, west of Temagami, Ontario, within the Cobalt Embayment in Ontario.
Grab samples analysed in 2020 confirmed the presence of high-grade gold and silver mineralization, returning grades as high as 64.8 g/t gold, 1081 g/t silver, 4.03% copper and 85.5% lead.*
*There was no QA/QC conducted in obtaining the random analytic samples at New Delhi, and further, Satori does not warrant that the results from the verification sampling are representative of future results.
In 1950 underground operations commenced, where an adit was driven on the “Lahey Vein” for 66.12 m. By 1951, a total of 345 m of drifting, 44 m of cross cutting, and 5.5 m of raising was completed on five veins at the New Delhi Gold Project. When underground work ceased in 1951, a total of four high grade ore shoots with a combined length of 166 m was found, and at such time, three of the development faces were in ore.
A 9.84 tonne (21,692 pound) surface bulk sample from the “Lahey Vein” (1950), having a total length of 24.3 m (80 ft), returned the following historic non-compliant NI 43-101 results:
The New Dehli Project has meaningful grades and has had a significant amount of historical work completed.
In 2001, prospecting, samples, geophysical surveys and petrographic study confirmed the presence of gold, silver and lead near the historical mine site. A magnetic survey identified two new unexplored anomalies, lying to the southeast and southwest of the known mineralized zones.
The New Dehli Project has meaningful grades and has had a significant amount of historical work completed. However, little work has been carried out, and virtually no modern day exploration techniques have been applied over the past 50 years.
Follow up work by Satori will prioritize further investigation of two unexplored anomalies identified by a magnetic survey lying in close proximity (SE and SW) of known mineralized zones.
Satori is not treating any of the non-compliant NI 43-101 results as current mineral resources or mineral reserves, and will continue to verify all historical results published on the New Delhi project in order to test reliability.