Announcement Date: 2022-07-20
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. 42.9m @ 7.30g/t Au from 152.1m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 20 July 2022 Santana Minerals Limited (ASX: SMI) (“Santana” or “the Company”) is pleased to announce further significant results from the 100% owned Bendigo-Ophir Project (“the Project”). Resource extension drilling since September 2021 has focused primarily on the Rise and Shine (RAS) deposit, resulting in a 6-fold increase in RAS inferred resources and consequently a 3-fold increase in overall Global Rise and Shine Shear Zone (RSSZ) resources (ASX announcement on 11 July 2022). The new Global MRE of 1.9Moz @ 1.8g/t Au (top-cut, 0.5g/t lower cut-off) includes mineral resources at RAS, Come-in-Time (CIT), Shreks (SHR) and Shreks East (SRE) deposits. Drilling is continuing to expand the resources beyond the new 1.9Moz platform. The new global MRE of 1.9Moz @ 1.8g/t Au at a lower cut-off grade of 0.5g/t Au (2.1Moz @ 1.4 g/t Au at a 0.25 g/t cut-off grade), (ASX announcement on 11 July 2022) forms a robust platform for additional resources and presently, drilling is primarily focusing on expanding the 1.7Moz resource at RAS and testing the down plunge extensions at the CIT and SHR deposits (Figures 1, 2, 3 & 5). Three DD rigs are now operating and a total of 12,457 metres have been completed since January 2022 (Table 1). Latest Drill Assay Results from RAS RAS drillhole MDD051 has delivered a significant result (Appendix 1 RAS) that was flagged when multiple intervals of visible gold (VG) were logged (ASX announcement on 2 nd June 2022).
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