| Announcement Date: | 2022-02-07 |
|---|---|
| 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. 26.7m @ 1.84g/t Au from 262.3m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | 7 February 2022 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 to September 2021 resulted in a 155% increase in Inferred Gold Resources (MRE) to 643Koz at four Rise and Shine Shear Zone (RSSZ) Deposits (ASX announcement on 28th September 2021). Drilling has continued since September 2021 to extend mineralization down plunge at RAS. The latest results from MDD022 confirm continuity of mineralization previously reported in MDD020, MDD021R (ASX announcement on 27th January 2022) and MDD014 (ASX announcement on 15th November 2021). Intercepts in 9 of 11 DD holes extend mineralisation a further 420 m down plunge from MDD014 with an average aggregate thickness of 30 metres with a simple drill hole intercept length weighted average grade of 2.25 g/t Au. The grades now being intersected are significantly higher than those reported in the 2021 MRE. |
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