Announcement Date: 2023-04-03
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Santa Fe Minerals Ltd.
Project name: Watsons Well
Location: Australia
Commodities: Iron,Titanium,Vanadium
Highlight: Drilling results incl. 84m at 0.4% V2O5, 4.24% Ti, 20% Fe from 64m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: Santa Fe Minerals Ltd (“Santa Fe”, “SFM” or “the Company”) is pleased to advise analytical results have been received from the first Reverse Circulation (RC) drilling completed on at its Watsons Well Vanadium-Titanium-Iron Project. The drill results show similar widths and grades to other large vanadium deposits within the greater Murchison region. The vanadium and titanium mineralisation intersected in the drilling is directly associated with high magnetite content in the host gabbro unit. It is expected the 7km long Watsons Well magnetic high anomaly represents the magnetite rich gabbro and is likely to host similar style mineralisation over its entire length.
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