Satori Resources Inc. holds a 100% interest (subject to an NSR) in the Tartan Lake Gold Mine Project, which produced 47,000 ounces of gold between 1987 and 1989. The property is approximately 2,670 hectares in area and consists of 20 mineral claims. The Project includes a 450 mt/day processing plant, related surface infrastructure, and a decline providing access to developed mining blocks within the Main and South Zones to a vertical depth of 320 metres from surface. The property is road accessible from the nearby mining town of Flin Flon and is hydro connected.
Current mineral resources are estimated to be:
Indicated 1,180,000 tonnes @ 6.32 g/t Au (240,000 ozs Au)
Inferred 240,000 tonnes @ 4.89 g/t Au (24,000 ozs Au).
Mineral resources are estimated above a 3.0 g/t Au cut-off grade.
The mineral resource was estimated by S. Butler P.Geo., A. Armitage P.Geol., P. Karelse P.Geo., and A. Petrovic P.Eng., of Mining Plus Canada Consulting Ltd., a company independent of Satori. The Technical Report titled; “Satori Resources Tartan Lake Project Technical Report Manitoba, Canada April 2017” with an effective date of April 5. 2017, discloses the key assumptions, methodology and observations related to the estimate. The report is available on SEDAR and the link below.
In 1985, Granges Exploration Ltd. (Granges) estimated a pre-mining, proven and probable mineral reserve of of 620,000 tonnes averaging 8.5 g/t Au (160,000 ozs Au). Satori advises that this estimate is historical, is disclosed solely for context and should not be relied upon.
In 1986, Granges and their joint venture partner, Abermin Corporation, commenced construction of the Tartan Lake Mine, establishing all season road access and a permanent connection to the Manitoba power grid along a 21 kilometer corridor from Flin Flon Mb. A 250 tonne per day mill, mechanical shop, warehouse and offices were constructed. An underground decline with a 4.3 x 4.5 meter cross sectional profile was collared and completed to the 150 meter level. The decline was eventually extended to the 300 meter level. Commercial production commenced in early 1987. The mill facility was upgraded in 1988 to a nominal 500 tonne per day throughput rate. From 1987 through 1989, the mine produced 36,000 ounces of gold from 250,000 tonnes of ore. Life of mine metallurgical recovery was estimated to be 76% suggesting an average feed grade of 5.8 g/tonne Au. Production ceased in 1989 due to failing gold prices and the mine was placed under care and maintenance.
Tartan Lake is located within the world class Flin Flon greenstone belt (FFGB), an easterly trending, Lower Proterozoic volcanic arc complex. The rocks of the FFGB can be divided into two main groups; metavolcanic and metasedimentary rocks of the Flin Flon assemblage (Amisk Group) and metaconglomerates, metasandstones and greywackes of the Missi Formation which uncomformably overlie the Flin Flon assemblage. Four major phases of deformation have been identified, all of which have contributed to the development of the major structures hosting anomalous gold mineralization at Tartan Lake.
The Tartan Lake Project area is dominated by a strong east-west striking shear zone complex that can be traced for over 10 kilometers across the entire claim group. At the mine, the shear zone defines the contact between footwall intrusive rocks to the south and the hanging wall rocks of Flin Flon assemblage to the north. The shear zone varies between 30 to 50 meters in width, dips steeply to the north and trends east west. Multiple, sub-parallel, anastomosing quartz carbonate veins occur within the shear zone. Gold is associated with these quartz veins. The Tartan Lake deposits are interpreted to be greenstone hosted quartz carbonate vein deposits. Typically, these gold bearing quartz carbonate veins can extend for several kilometers in depth.