Announcement Date: 2022-07-25
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. 43.3m @ 11.2g/t Au
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 25 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 resulted in a 6-fold increase in RAS inferred resources and a 3-fold increase in the overall Global Rise and Shine Shear Zone (RSSZ) mineral resource estimate (MRE) to 1.9Moz @ 1.8g/t Au (top-cut, 0.5g/t lower cut-off) at RAS, Come-in-Time (CIT), Shreks (SHR) and Shreks East (SRE) deposits (ASX announcement on 11 July 2022). Drilling is continuing to expand the resource potential beyond this new 1.9Moz MRE platform. MDD051 drill intercept (ASX announcement on 20 July 2022) and assay results from 2 further holes MDD054 and MDD056 at RAS have been received adding to the considerable impetus for potential RAS resource growth. The new global MRE forms a robust platform for additional resources and presently drilling is primarily focusing on expanding the 1.7Moz inferred resource at RAS and testing the down plunge extensions at the CIT and SHR deposits (Figures 1, & 3). Three DD rigs are now operating and a total of 12,772 metres have been completed since January 2022 (Appendix 2).
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