Announcement Date: 2021-11-15
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Santana Minerals Ltd.
Project name: Bendigo-Ophir
Location: New Zealand
Commodities: Gold
Highlight: Drilling results incl. 33.7m @ 4.35g/t Au from 174.3m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 15 November 2021 Santana Minerals Limited (ASX: SMI) (“Santana” or “the Company”) is pleased to announce further significant assay results from the 100% owned Bendigo-Ophir Project (“the Project”) where drilling since November 2020 has increased Inferred Gold Resources to 643Koz at four Rise and Shine Shear Zone (RSSZ) Deposits (ASX announcement on 28th September 2021). Significant high-grade mineralisation in the top of diamond (DD) drillhole MDD014 at RAS (ASX announcement on 23rd September 2021) and similar results in adjacent drillhole MDD013 (ASX announcement on 27th October 2021) are reinforced by these new MDD014 assay results at the northern extent of the new RAS MRE of 287Koz @ 1.40g/t Au (>0.25g/t Au, uncut). Diamond (DD) drillhole MDD014 (Table 1, Figures 1, 2, 3 & 4) is on the high-grade projection of the RAS shoot, one of four deposits along the Rise and Shine Shear Zone (RSSZ) where drilling is focusing on extensions to the newly upgraded MRE (ASX announcement on 28 th September 2021). Drillhole MDD014 and adjacent hole MDD013 lie north of the newly defined RAS MRE inferred resource halo (Figure 2). Their respective aggregate thicknesses and grades of 50.7m @ 3.10g/t Au and 42.7m @ 1.77 g/t Au exceed the average 1.40 g/t Au grade of the 287Koz RAS gold resource. The east-west drill section N5017360 has a NS envelope of influence of 120 metres
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