Satori Resources CEO: We hit on 12 out of 12 holes and got some the highest gold grades we have seen

TL;DR

Jennifer Boyle, CEO of Satori Resources, discusses the company's past-producing tartan lake gold mine and its plans for exploration and potential production.

Transcript

in this episode of inn ceo talks i'm joined by jennifer boyle the president and ceo of satori resources we're talking about gold an element and a mineral that is glistening ever brighter these days as its price continues to hover around the 2 000 mark jennifer welcome thanks for having me you know you've got a fascinating project at tartan lake you... Read More

Key Insights

• 🏅 The tartan lake gold project has shown promising results in recent exploration, hitting high-grade gold intersections.
• 🤑 Located in the Flintland Snow Lake mining district, the project benefits from the region's rich mining history and existing infrastructure.
• 👣 Satori Resources has a dual-track strategy, emphasizing exploration while also evaluating the potential to put the tartan lake gold mine back into production.
• 😤 The company has a team with extensive historical knowledge and expertise in underground mining, giving it an advantage in moving the project forward.
• ❄️ With its accessibility and favorable conditions, the tartan lake gold project presents an exciting opportunity for Satori Resources and potential investors.
• 🤨 The company's past success has been driven by taking a fresh approach, raising necessary capital, and leveraging the improved gold market.
• 🙈 Beside gold, Satori Resources sees potential for copper and zinc exploration on the property once the existing resource is expanded.

Questions & Answers

Q: Could you provide more details about the tartan lake gold mine and why it ceased production in 1989?

The tartan lake gold mine operated from 1986 to 1989, not running out of ore but primarily due to the decline in the price of gold. Some equipment was not suitable for that era, and litigation issues also played a role.

Q: What has been the key turnaround point for Satori Resources in 2021?

The company experienced a pivotal point in 2021 as it hit high grades in all but one hole in its exploration program. This has reignited interest in the tartan lake gold project and positioned it as a key focus for the company.

Q: How is Satori Resources planning to move forward with the tartan lake gold project?

The company has a dual-track strategy, primarily focusing on exploration but also allocating resources to evaluate the potential of putting the mine back into production. Satori Resources has a team with expertise in underground mining who can guide this process.

Q: Are there plans to attract the interest of another major player in the mining industry?

While Satori Resources is open to investment opportunities, it already has significant expertise within its team. The involvement of experienced individuals who were part of the project in the past adds value, and the company is focusing on exploration while keeping the optionality of production.

Summary & Key Takeaways

• Satori Resources' main asset is the tartan lake gold mine, which produced gold between 1986 and 1989 and has since been dormant.

• The company has conducted extensive data compilation and exploration, hitting high-grade gold intersections in its 2021 program.

• The tartan lake gold project is located in the prolific mining district of Flintland Snow Lake in Manitoba, with potential for copper and zinc exploration.