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Focused On Uranium, Coal and Coalbed Methane
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Santoy Resources Ltd. is a junior Canadian mineral exploration company focused on discovering and developing high-grade uranium deposits and on exploration for coal and coalbed methane throughout North America. The Company has an experienced management team which is supported by a veteran Board of Directors whom have been directly involved with the discovery and development of three major gold discoveries in Canada that have subsequently attained production (Eskay Creek, Snip and Brewery Creek mines); of coal and coalbed methane projects in Western Canada; of producing "green power" projects throughout Canada; of conventional oil & gas discoveries throughout North and South America; and of taking uranium discoveries through to feasibility study.
Santoy has actively been acquiring strategically located uranium properties within four main geographic locations for uranium occurrences; the Prolific Athabasca Basin in Saskatchewan, Southeast British Columbia, the Central Mineral Belt of Labrador and in the United States. These projects are located on favourable geological trends and are in close proximity to known deposits. The price of uranium has been steadily increasing due to a growing demand in the energy sector, which has been brought forth by dwindling supplies of uranium, increased life expectancy of current reactors, announced plans for many new reactors worldwide and an increased acceptance of nuclear power worldwide. With Santoy's significant uranium holdings, well over 1 million acres, the company has positioned itself to leverage from the current and continuing appeal of this valuable commodity.
 Company Press Releases
Uraniumletter Special - April 2006 - Santoy Resources
Resource/Tech Report - V12 #4.0, - FEX, SAN - Apr. 11, 2006
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| Uranium Land Holdings and Assets |
Athabasca Basin, Saskatchewan
139,000 Hectares (343,500 acres) covering a number of diverse geological settings within the Athabasca Basin and the Wollaston Fold belt.
Kasmere Lake, Manitoba
94,138 Hectares (232,615 acres) along the Northeast extension of the Wollaston Domain.
Central Mineral Belt of Labrador
28,675 Hectares (70,856 acres) located on geological trends and are in close proximity to known deposits, such as the 18.3 million lb. Michelin Deposit which is currently being expanded by Fronteer/Altius Partners.
Greenwood Mining District, British Columbia
Blizzard Uranium Deposit, defined resource of 10.4 million lbs. Of U3O8 from 2.2 million tonnes grading 0.214 per cent U3O8 in a 1980 feasibility study.
Central American Uranium Syndicate (CAUS)
two contiguous concessions covering 169 square kilometers in Guatemala.
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Hatchet Lake (SAN/IUC J.V.), Athabasca Basin
- Comprised of 33 mineral exploration claims totaling 123,378 hectares (304,866 acres) operated under a 50/50 Joint Venture with International Uranium Corp. located on the Wollaston trend at the northeast margin of the Athabasca Formation in Northern Saskatchewan.
- The claims were staked on the basis of a northeastward continuation of regional structural trends and faults that host the Millennium, the McArthur River, the Cigar Lake and the Midwest Lake uranium orebodies.
- A number of uranium, cobalt, copper, nickel, zinc, arsenic, and gold enriched drill intercepts on the claims have been reported, including one intersection of 2.5 metres of 7.34% cobalt, 1.66% nickel and 16.07% arsenic [assessment report 64-L-NW-0053, 1990] on claim S-107535.
- Santoy will be the initial operator of the Hatchet Lake Joint Venture.
- An independent 43-101 compliant geological evaluation of the project has been completed by Mr. Ralph Newson, P.Eng. of Saskatoon, Saskatchewan and is posted on the Company's web site.
- Deep penetrating electromagnetic air-borne surveys over all of the permit areas of the Hatchet Lake (SAN/IUC J.V.) claims are now complete.
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SAN - Wescan Joint Venture (50%), Athabasca Basin
- Comprised of 159,965 hectares (395,273 acres) covering a number of diverse geological settings within the Athabasca Basin and the Wollaston Fold belt were awarded on a 50/50 basis to Santoy and Wescan Goldfields. Acquisition was based on favourable geological and geophysical signatures and/or known mineralization.
- The Hazempa Lake consists of two permits, situated south of the Fond du Lac River.
- The Fir Island permit is strategically located to cover Fir Island on Black Lake immediately south of the Athabasca unconformity. The basement rocks immediately to the east contain significant uranium mineralization including the historic Nisto Mine.
- The Pattyson Lake project consists of two permits within the northeast sector of the basin to the south of the Fond du Lac River, with relatively shallow Athabasca sandstone cover.
- The Dowler Lake Permit is situated on the south shore of Lake Athabasca immediately east of the Alberta border.
- The Karpinka Lake Permit is located south of Key Lake and covers known uranium mineralization in Aphebian age sediments in bedrock and as mineralized float. The property is situated on the boundary between the Wollaston and Mudjatic domains.
- Deep penetrating electromagnetic air-borne surveys over all of the permit areas (exclusive of Karpinka Lake) are now complete.
Burbidge Lake (100%), Saskatchewan
Santoy has acquired a 100% interest in 888 Hectares by staking the historic Burr (Burbidge) Lake uranium occurrence situated in the lower Foster Lake area of Saskatchewan. Previous exploration included trenching and diamond drilling with uranium grades reportedly in the order of 0.18% U3O8.
Kasmere Lake (100%), Manitoba
- Comprised of 94,138 hectares (232,615 acres) along the Northeast extension of the Wollaston Domain.
- Uranium, molybdenum, cobalt, nickel, copper and gold mineralization have been located in outcrop and in boulders. The sources of some of the high-grade boulders have not been located by the historical exploration activity and will be the focus of Santoy's exploration.
Mustang Lake Property(50%), CMB Labrador
| Central Mineral Belt Project, Labrador |
Click to enlarge
* Santoy has the 2nd largest land package with over 700 sq. km in CMB, Labrador
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- Comprised of 62 claims covering 1,675 hectares (4,139 acres), the Mustang Lake property has been optioned from Monster Copper and expenditures to earn a 50% interest have now been met. The project is located 8 km NE of the Michelin Uranium deposit where a historic resource of 6.4 million tonnes of 0.13% U3O8 (18.3 million lbs. of Uranium) has been identified. (source:Fronteer Development Group website)
- The Irving Zone: a 1979 Brinex program delineated a mineralized boulder train, believed to be of local derivation, comprised of 117 angular to sub-angular boulders averaging 1.28% U3O8 (range 0.09 to 6.25% U3O8).
- The South Prospect: 150 mineralized angular to sub-angular boulders, of which 40 were assayed by Brinex for an average of 0.55% U3O8 (range 0.02 to 3.5%). No drill follow up has yet been done in this area.
- Mustang Lake East: 22 boulders averaging 0.1% U3O8 (range 0.02 to 0.6%).
- Santoy has confirmed the existence and distribution of the three boulder trains by prospecting during the past field season. Santoy’s best assays from grab samples of boulders in the boulder trains are 1.60% U3O8 from Irving Zone, 0.32% U3O8 from South Prospect and 0.46%from Mustang Lake East.
- 10 diamond drill holes totaling 1500m were completed on the property in Fall/05. (news release dated Jan. 18, 2006)
- Subsequent to the drilling, results from a new helicopter-borne radiometric & magnetic survey has delineated 5 new high-priority target areas which will be the focus of the 2006 drill program which is expected to be completed by June/2006.
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Bruce River Property (50%), Labrador
- Comprised of 5 licenses totaling 1080 claims, 27,000 hectares (66, 717 acres), located 25 kilometers west of the Mustang Lake property. The Bruce River property is under option from Monster Copper and Santoy has now met the expenditure requirements to earn a 50% interest.
- The property hosts numerous government documented copper and uranium occurrences in geological settings favorable for uranium mineralization.
- An ongoing compilation of extensive assessment reports filed on this area is continuing to prioritize targets, two of which are of particular interest.
- The structural trend that hosts the Moran B and C zones, continues onto the SANMNS joint venture ground where the Moran A zone is located.
- A significant number of radiometric anomalies have been identified and are currently being prioritized for follow-up prospecting with the objective of establishing drill targets for the 2006 field season.
- Anomalous uranium grab samples collected from several areas on the Bruce River property include: Sylvia Lake: range of 0.621 to 2.720% U3O8 and Moran A: 0.218% U3O8 in a grab sample.
Anomaly 7 Claims (100%), Labrador
- Previous work on the Anomaly 7 area, located west of the Bruce River
property, identified a target that was subsequently drilled by Canadian Nickel
Company with the best drill hole returning 0.13% U3O8 over 23.4 meters,
including 0.25% U3O8 over 9.7 meters. A total of 5 drill holes were completed in
this area by Brinco between 1978 and 1980.
- Highlights of Brinex sampling in 1978, 1979 and 1980 include values of up to
2.12% U3O8 from an outcrop located 500 meters west of the drill area.
- Anomaly 7A occurs a further 1000 meters west along the same structure, and
has yielded a value of 0.11% U3O8.
- An outcrop 500 meters to the east of the most easterly drill hole yielded a
value of 0.35% U3O8.
- The structure hosting the Anomaly 7 showing is part of an up to 400 meter
wide structural zone that has been traced for an overall distance of
approximately 7 kilometers.
- A total of 3 drill holes, totaling 514 metres, were completed in this area in the
fall of 2005 with the zone remaining open along strike and to depth.
- Subsequent to the drilling, a helicopter-borne radiometric/magnetic survey and
a Lake Sediment sampling program were completed with the discovery of a
number of new target areas that warrant further exploration.
Blizzard Uranium Deposit, British Columbia
- Santoy has acquired a significant interest in the Blizzard Uranium Deposit now that the title dispute has been resolved.
- The Blizzard deposit was the subject of a positive feasibility study by Kilborn Engineering in 1979 completed by a joint venture company comprised of Norcen Energy Resources Limited, Campbell Chibougamou Mines Ltd., E & B Explorations Ltd. and Ontario Hydro.
- The feasibility study was prepared after extensive drilling (over 400 reverse circulation and diamond drill holes) and engineering studies and was based on a reported resource of 2.2 million tonnes grading 0.247% U3O8, using a cut-off grade of 0.025% U3O8 (for an estimated total of 10.4 million pounds of U3O8). *(Non NI 43-101 compliant)
- The property was never placed in production due to a (now expired) moratorium on exploration and development for uranium resources in the Province, which was imposed by the B.C. Government in 1980.
- A geological evaluation of the project, dated August 31, 2005, has been prepared by an independent Qualified Person, Dr. Peter A. Christopher, P.Eng., and has been posted on the Company's web site.
Bow River Coal Field (100%), Saskatchewan
- Comprised of 14 contiguous coal Prospecting Permits (CPP No. 112 to No. 125, inclusive), totaling 9,700 hectares located at the southwest corner of Lac La Ronge
- Bow River Coal Field permits are bounded along the western side by regional Highway No. 2, approximately 210 km north of Prince Albert. This paved road is also the route of a recently completed regional distribution power line.
- Brascan Resources Limited drilled off the Bow River Coal Field in 1973 and 1974. A total of 72 holes were completed over an area of approximately 11 km long by 4.5 to 6.5 km wide.
- A geologic resource of 88.8 million tons of shallow, potentially open pitable, Lignite A coal, possibly suitable for thermal power generation, was delineated [Assessment file 73-I-14-0015, Brascan Resources Limited, C.B. Newmarch, P.Eng., Feb. 28/75]. *(Non NI 43-101 compliant)
- The core area within the resource was estimated to contain sufficient coal to feed a thermal power plant in the 150 MW to 200 MW range for more than 30 years.
- A total of 16 vertical HQ-diameter holes (totaling 501 meters) were drilled to verify coal and overburden thickness (see news release dated May 3, 2006)
- Depending upon the analytical results, the property will be taken to lease and a second round of drilling will be undertaken this summer in preparation for a NI 43-101 compliant grade & tonnage calculation.
Rock River Basin (50%), Yukon Territories
- Santoy has a 50% working interest in 4 coal licences in the southeastern Yukon Territory, known as the Rock River Basin, which cover an area of 187,698 acres.
- The licences are prospective for Tertiary age coal deposits, which may also have CBM gas potential.
- This basin extends in a north-south direction for 50 km. and ranges up to 10 km wide.
- The thickness of the Tertiary rocks has been estimated to be in the order of 1100 meters based on a gravity survey that was completed in 1982.
- Previous work conducted by Sulpetro Minerals Limited in 1981 is highlighted by 2 holes spaced 900m apart. Drill hole #1 has a cumulative coal thickness of 80 meters from a total hole length of 150 meters; while drill hole #2 intersected a cumulative coal thickness of 70 meters from a 140 meter deep hole.
- Analysis of the coal yielded an average thermal content of 6,645 Btu/lb with 17.6% ash and 1.09% sulphur at equilibrium moisture (26.3%), suitable for a mine-mouth coal-fired electric generation plant.
- Planned Phase I drill program for 2006 will include deeper drill test, below 200 m, to determine continuity of the thermal coal resource and possible presence of coalbed methane.
Central American Uranium Syndicate (CAUS)
- Recently acquired mineral concessions in Guatemala with two contiguous concessions covering 169 square kilometers.
- A Phase I program is underway and consists of prospecting and geochemical sampling in areas of known uranium mineralization. During the period 1987 to 1991, the Mining Technical Mission from Taiwan completed detailed programs that culminated in the drilling of five diamond drill holes.
- Fieldwork by the Syndicate in 2005 verified the location of some of the documented occurrences of uraniferous outcrops and boulders. Samples collected by the Syndicate from boulders of petrified wood returned values of 0.19%and 0.22% U3O8. An outcrop sample from a conglomerate unit returned a grade of 0.13% U3O8.
- The uranium occurrences in Guatemala belong to the class "sediment-hosted" uranium similar to the Blizzard deposit in southern British Columbia and the Honeymoon deposit in South Australia.
- Under terms of the Syndicate Agreement, Santoy and Pathfinder can each earn a 33.33% interest in the property by spending CDN$500,000 each over a 4 year period. Gold-Ore holds 100% interest and is carried until the CDN$1,000,000 is spent and then a joint venture will be formed. Gold-Ore is operator for the Syndicate and all programs are subject to approval by a management committee.
Investor Relations:
Mr. Tony Perri
Telephone: (604) 669-4799
Fax: (604) 669-2543
Email: tperri@santoy.ca
Corporate Office:
Santoy Resources Ltd.
Suite 611, 675 West Hastings Street, Vancouver, British Columbia, Canada V6B 1N2
Telephone: (604) 669-4799
Fax: (604) (604) 669-2543
Email: info@santoy.ca
Web site: www.santoy.ca
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Disclaimer:
The information herein may contains forward looking statements based on assumptions and judgments of the management of the Santoy Resources Ltd. regarding events or results that may prove to be inaccurate as a result of exploration or other risk factors beyond its control. Actual results may differ materially from the expected results. All statements herein, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Santoy Resources Ltd. expects are forward-looking statements. Such forward-looking statements are not guarantees of future performance, and are based on numerous assumptions about future conditions that could change. The material contained herein is for information purposes only and is not and is under no circumstances intended to constitute an offer to sell or a solicitation to buy any securities or a recommendation as to the purchase of any securities.
The forward-looking statements contained in this company profile are made as of the date hereof and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ materially from those projected in the forward-looking statements. Where applicable, we claim the protection of the safe harbor for forward-looking statements provided by the (United States) Private Securities Litigation Reform Act of 1995. The information contained herein has been obtained from the above featured company as well as the other publicly available sources and is believed to be accurate. Although reasonable efforts have been made to compile this data with care, neither Investcom, its
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