Satori Resources Inc.
TSX VENTURE : BUD

Satori Resources Inc.

October 12, 2012 15:31 ET

Satori Announces Completion of Pilot Test Plant Program at Tailings Containment Area at Tartan Lake Mine

TORONTO, ONTARIO--(Marketwire - Oct. 12, 2012) -

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN. THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.

Satori Resources Inc. (TSX VENTURE:BUD) ("Satori" or the "Company") announces that it has successfully completed a test pilot plant program resulting in approximately 1,500 pounds of wet concentrated tailings at the Tartan Lake Gold Mine Project, Flin Flon, Manitoba. Assaying and refining are pending, and it is believed that the results will provide the Company with enough information to conduct a full gold recovery program at the tailings containment area in the spring of 2013.

The Company further announces that it will increase the previously announced non-brokered private placement offering to $500,000. All other terms as announced on September 27, 2012 shall remain the same.

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 Greenstone Belt, Manitoba.

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This 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. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur. Forward-looking statements in this document include statements regarding Satori's expectations regarding ownership, entitlements, drilling and exploration activities on properties in which Satori has, or believes it has an interest. There can be no assurance that such statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Satori's expectations. Satori undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change, unless otherwise required by law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Satori Resources Inc.
    Jennifer Boyle, B.A., LL.B
    President and Chief Executive Officer
    (647) 430.0966 or C: (416) 904.2714
    www.satoriresources.ca