Toronto, Ontario – May 12, 2021 – Satori Resources Inc. (TSXV: BUD) (“Satori” or the “Company”) is pleased to announce that Mr. Ron Stewart, a capital markets professional and technical mining advisor, has joined Satori’s team, bringing a perspective that will be instrumental in Satori’s growth plan. He will provide an interface between Satori and the mining and mining finance community, particularly during this time when the Company is focused on advancing its 100% held past producing Tartan Lake Gold Mine Project in Flin Flon, Manitoba.
Mr. Stewart is a mining professional with over 30 years experience in mineral exploration, feasibility studies, mine development, underground and open pit operations. Ron also brings a wealth of capital markets experience, having held positions as a mining analyst and investment banker for Dundee Securities, Clarus Securities, and Macquarie Capital Markets (Canada). He has held executive positions with Kinross Gold Corporation, Placer Dome, Guyana Goldfields, and Beaufield Resources prior to its acquisition by Osisko Mining Inc. Mr. Stewart’s wide range of experience will provide Satori with additional exposure to both the capital markets and technical insight.
Jennifer Boyle, Chief Executive Officer of Satori states “We are fortunate to have Ron join our team at this exciting juncture in our effort to realize the full value and potential at Tartan Lake. We believe that investors stand to benefit by recognizing the quality and commitment of our team and our approach to develop a sustainable business from our base in Manitoba.”
The Tartan Lake Project (2,670 Ha.) is located approximately 12 kilometres northeast of Flin Flon, Manitoba, and includes the Tartan Lake Mine (1986-1989); which produced 36,000 ounces of gold from 250,000 tonnes of ore feed. Remaining infrastructure includes: all season access road, grid connected power supply, mill, mechanical, warehouse and office buildings, tailing impoundment and a 2,100 metre decline and developed underground mining galleries to a depth of 300 metres from surface. Gold mineralization is associated with anastomosing quartz-carbonate veins hosted in east-west striking, steeply dipping shear zones up to 30 metres in width. The veins vary from several centimetres to several metres in width and gold grades vary from 1.0 to +100 g/t. Mineralization at the mine is currently drill limited and open at depth.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Jennifer Boyle, B.A., LL.B.
President and Chief Executive Officer
Satori Resources Inc.
Mr. Pete Shippen
Chair, Satori Resources Inc.
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