Announcement Date: 2022-11-02
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. 22m at 7.4g/t Au from 168m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: 2 November 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”). The Project presently contains a global 1.9Moz inferred gold resource (MRE) in four Rise and Shine Shear Zone (RSSZ) deposits (ASX announcement on 11 July 2022), which remain open down-plunge at depth. Drilling (14,347 metres completed since the MRE) is continuing to expand resource potential (Figure 1). Commenting on the results Executive Director Dick Keevers said Assays have been received for 5 RAS drillholes; MDD074 and MDD078 from RAS North (northern extension) and MDD072, MDD076, MDD079 from RAS Ridge (South-eastern extension) (Table 1, Figures 1-5, Appendix 1 & 2). The two RAS sub-areas are ~1,000 metres apart and lie at the limits of the presently defined 1.5-kilometre NNE trending down-plunge shoot (Figure 2). Significant new drillhole Intercepts in MDD078 and MDD079 together with the balance of assays for previously reported MDD072 (ASX announcement on 18 October 2022) confirm continuity of RAS shoot mineralisation in the north-east and south-east of RAS respectively.
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