Sanatana Updates 2005 Exploration Program And Announces Further Kennecott Financing.VANCOUVER, British Columbia British Columbia, province (2001 pop. 3,907,738), 366,255 sq mi (948,600 sq km), including 6,976 sq mi (18,068 sq km) of water surface, W Canada. Geography -- Sanatana Diamonds Inc ("Sanatana") (AIM:SAN) is pleased to provide an update on the 2005 Exploration Program currently being carried out over Sanatana's 20 million acre Mackenzie Diamond Project ("Project") located north of Great Bear Lake and approximately 700 kilometers northwest of the town of Yellowknife, in the Northwest Territories Northwest Territories, territory (2001 pop. 37,360), 532,643 sq mi (1,379,028 sq km), NW Canada. The Northwest Territories lie W of Nunavut, N of lat. 60°N, and E of Yukon. of Canada and to announce that Kennecott Exploration Canada Inc.("Kennecott") has made a $2.5 million contribution towards the 2005 Exploration Program. The 2005 Exploration Program consists of two components: - Airborne Geophysical Surveys Geophysical survey refers to the systematic collection of geophysical data for spatial studies. Geophysical surveys may use a great variety of sensing instruments, and data may be collected from above or below the Earth's surface or from aerial or marine platforms. - Field Exploration Program Airborne Geophysical Surveys Sanatana plans to cover the majority of the 20 million acre Mackenzie Diamond Project with am airborne magnetic survey flown at lines spacings of approximately 400 meters apart at an elevation of approximately 80 meters above ground level. The planned 210,000 line kilometer survey is one of the largest private airborne geophysical surveys to be carried out in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. in the last decade. - Southern Area Survey. This airborne survey commenced in May 2005 and is approximately 60% complete. The contract to undertake this survey was awarded to Goldak Geophysical Surveys of Saskatoon Saskatoon (săskət  n`), city (1991 pop. 186,058), S central Sask., Canada, on the South Saskatchewan River. , Saskatchewan. - Northern Area Survey. This airborne survey commenced in July 2005 and is approximately 30% complete. The contract to undertake this survey was awarded to Firefly firefly or lightning bug, small, luminescent, carnivorous beetle of the family Lampyridae. Fireflies are well represented in temperate regions, although the majority of species are tropical and subtropical. Aviation Inc of Calgary Alberta. Interpretation of the data collected from the airborne surveys has commenced at the Perth, Western Australia This article is about the metropolitan area of Perth, Western Australia. For the local government area, see City of Perth. Perth is the capital of the Australian state of Western Australia. office of Geoinformatics Exploration Inc (TSX-Venture: GXL GXL Graph eXchange Language (based on XML) GXL Graphics Library ). A number of geophysical ge·o·phys·ics n. (used with a sing. verb) The physics of the earth and its environment, including the physics of fields such as meteorology, oceanography, and seismology. anomalies have been identified that could potentially indicate kimberlite kimberlite: see diamond. kimberlite or blue ground Dark, heavy, often fragmented igneous rock that may contain diamonds in the rock matrix. pipes. These geophysical anomalies will be followed up as part of the Summer Exploration Program described below. The budgeted expenditure for the airborne geophysical surveys is $3 million. Summer 2005 Field Exploration Program Sanatana commenced its Summer 2005 Field Exploration Program in early July 2005. A total of 2000 till samples were planned to follow up a number of prospective diamond bearing target areas. These target areas are based on a combination of the results of the analysis generated by Geoinformatics of the geophysical data collected to date and by the recovery of diamond indicator minerals in the 2004 Field Exploration ProgramField crews have collected over 1,500 till samples in a program of closely spaced sample locations to date and these have been shipped to the Kennecott Diamond Laboratory in Thunder Bay Thunder Bay, city (1991 pop. 113,946), SW Ont., Canada, on Thunder Bay inlet of Lake Superior. The city was created in 1970 by the amalgamation of the twin cities of Fort William and Port Arthur and two adjoining townships. , Ontario, Canada for processing. All the till samples are expected to be received by the Thunder Bay laboratories by the end of September 2005. Crews are planning to undertake ground geophysical surveys in areas which have indicated potentially diamond bearing kimberlites. These ground geophysical surveys will assist in the location of drill targets for a drill program that is planned in 2006. Applications will be made in the near future for drilling permits for these drill targets. Geoinformatics have planned and managed the Summer Exploration Program pursuant to its Exploration Management Agreement with Sanatana. The budgeted expenditure for the 2005 Summer Exploration Program is $3.2 million. Kennecott contributes $2.5 million exploration funding. Pursuant to the Exploration and Development Project Agreement between Sanatana and Kennecott, Sanatana has received a payment in August 2005 of $2.5 million towards the 2005 Exploration Program. Qualified Persons The Sanatana exploration programs are carried out under the supervision of Sanatana's VP Exploration, Mr. Buddy Doyle. Mr. Doyle meets the qualified person requirements (as defined by National Instrument 43-101) with more than 25 years of experience in the gold and diamond exploration industry. Sanatana is a Canadian diamond company focused on the exploration and development of its 20 million acre Mackenzie Diamond Project located north of Great Bear Lake and approximately 700 kilometers northwest of the town of Yellowknife, in the Northwest Territories of Canada. Sanatana is listed on the London AIM market. Shares Outstanding: 33,606,794 Sanatana Diamonds Inc. (AIM:SAN) |
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