Santoy is a Vancouver-based junior resource company engaged in the acquisition and exploration of nickel and copper properties. The Company's main project is the Hawk Ridge copper-nickel-platinum group element (PGE) property in northern Quebec. Additional ongoing resource projects include the Tropico Cu-PGE property, diamond prospects including Otish, Quebec and ATW, NWT and several coalbed methane (CBM) gas prospects.

Santoy Resources Ltd.  SAN   (TSXV)

Yago District, Nayarit. Optioned 51% of this district from Almaden Resources in June, 1998. Almaden assembled claims from several owners over large high-level epithermal district. Total land package optioned now over 15,367 ha Almost 70,000 acres have been staked directly. 70m wide stockwork is reported from the Tejona Mine. Surface and underground mapping to begin shortly. Tejona is slated for $800,000 to $850,000 exploration in 1997. Huge zone of alteration centers in NW-trending structure. Two phases of geochemical line cutting and soil sampling have been completed. The grid now covers an area roughly 1.5 by 2 km over an area of widespread banded quartz-adularia veining. Samples were taken on 50 meter centers in the initial survey while in the second phase of sampling, samples were taken in intermediate positions for greater detail and to serve as a check. Several large coincident Au-Sb-Ag geochemical anomalies have been defined. The 100 ppb gold contour encloses an area roughly 800 by 500 m over the largest anomaly. Geologic mapping was conducted at the time of geochemical sampling and several areas of intense banded veining, stockwork veining and hydrothermal brecciation have been defined which coincide with geochemically anomalous areas. Hydrothermal alteration mapping and fluid inclusion studies support the conclusion that the present erosion surface represents shallow depths beneath the paleo-water table of the hydrothermal system. The potential for high-grade gold-silver mineralization is expected to extend from surface to great depths beneath the present surface. A trenching program is planned on receipt of permits, before a planned diamond drill program.

Numerous small scale old workings are present on the property. Seven widely-spaced reverse circulation drill holes tested approximately 100 metres below surface under some of the known veins. The drilling tested the Creek Zone over a distance of 500 metres as well as the Guadalupe/Vein X systems over 700 metres. The drilling tested several potentially high grade gold-silver bearing banded quartz-adularia veins that are located within a highly altered zone measuring 1.5 by 2.0 kilometres. Unfortunately only widespread anomalous Au, Ag and base-metal values were obtained from the drilling.

GCN #15 22Jan99 (with tabulated drill highlights)
News Release 10Dec98 (vein assays given)
Press Release June 12, 1998
CSW 11Apr97
GCN #76 21Apr97
CSW 18Apr97

Tropico Project, Sinaloa. The property was optioned from Fairfield Minerals in June, 1999.. Company committed to spending $150,000 on exploration and paying 100,000 shares of stock to Fairfield during year one of the option period. In a report for Santoy, H.L. King, P.Eng. states the relatively high copper values associated with significant combined gold-platinum-palladium values ranging up to over 1 gram per tonne indicate that the mafic igneous complex is an attractive exploration target size in the order of 100 million tonnes of 0.5% copper and 0.5 to 1g/t combined gold, platinum and palladium is considered possible given the wide distribution of significant metal values.

WWWinfo Fairfield Minerals site