Engineering Team Engaged for Tartan Lake Gold Mine Project
TORONTO, Sept. 26, 2019 (GLOBE NEWSWIRE) — Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) announces that it has engaged Global Resource Engineering Ltd. of Denver Colorado to work with Satori in its evaluation of various processing options conducive to ore recovery and operating cost tradeoffs, and to provide Satori with an itemized assessment for restarting the Tartan Lake Gold Mine Project, inclusive of Mill capital cost assumptions.
The project will be led by Dr. Todd Harvey of Global Resource Engineering, a process engineer who worked at the Tartan Lake Gold Mine Project from it’s commissioning to closure during the late 1980s. Engaging Todd Harvey for this undertaking is key, as his past employment at the mine has enabled him to deliver a preliminary analysis for optimal development, the first priority being the evaluation of known under-developed zones.In today’s environment, development of the Tartan Lake Gold Mine Project will benefit from the application of modern technology, re-tooling of mining methods, and improved mill design for optimum recovery.Peter Shippen, Chairman of Satori states, “After consulting with a number of mining professionals, we feel that the Tartan Gold Mine Project is undervalued and under-appreciated. We believe that this is the next step in realizing the value of the project for our shareholders.”Dr. Todd Harvey, Process Engineer, is the Qualified Person who has reviewed and approved the technical contents of this news release for and on behalf of Satori.Lastly, Satori further announces that it continues to conduct due diligence on various other projects that may be suitable or instrumental in corporate development.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 mining district, in Manitoba, Canada. The Tartan Lake Gold Mine had historical high-grade production of 48,000 ounces of gold between 1987-1989. The Project hosts a largely intact 450 tonne per day gold concentrator and related infrastructure, along with a decline ramp providing access to developed gold mineralization within the Main and South Zones to a vertical depth of 320 metres. FOR FURTHER INFORMATION, PLEASE CONTACT:Ms. Jennifer Boyle
President and Chief Executive Officer, Satori Resources Inc.
416-904-2714Mr. Pete Shippen
Chair, Satori Resources Inc.
416-930-7711For further information, please visit www.satoriresources.ca.The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) does not accept responsibility for the adequacy or accuracy of this release.CAUTION REGARDING FORWARD-LOOKING INFORMATIONThis 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.