Rob McEwen buys into Satori and its Tartan Lake gold project in Manitoba. miningnews
Apollo has been acquiring projects near some of Canada’s largest gold producers and development projects. Upon closing, the private company will have about C$1.5 million in cash and no debt.Satori will be renamed and receive a new ticker symbol. The new enterprise will have about C$2.2 million in cash and, again, no debt.
The discovery is open in all directions. Information from this program of deep drilling and those from previous drilling since 2017 will be used to update the 43-101 resource estimate. Then a preliminary economic assessment will be made for the potential to reopen the mine. “High grade gold intercepts have always caught my attention, and here there are many,” said McEwen. “The new Satori will combine its advanced gold play having significant underground infrastructure situated in a mineral rich district with Apollo’s cash position and strategically located projects next to some of the largest gold mines in Canada.”
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