Mining news article

Santana gets silver band back together

TEN years after the big success Norm Seckold had with Bolnisi Gold, another Seckhold-backed Mexican silver play is in the early stages of evolvement.

ASX-listed Santana Minerals is drilling ground at the Cuitaboca exploration project in the state of Sinaloa after earlier stage work that is said to have highlighted the strong geological prospectivity.
Santana is undertaking an 18-hole program, which will take the total number of holes at the project to 45.
To put that in some sort of context, the former micro-cap junior Bolnisi reportedly drilled about 60 holes before coming up with a maiden inferred resource at Palmarejo.
Ultimately Palmarejo attracted North American silver heavyweight Coeur and a A$1 billion scrip bid for its ASX-listed owner in 2007.
Santana, which is chaired by Seckold and led by managing director Tony McDonald, is currently capitalised at about $7 million.
Seckold holds nearly 13% of the company, and McDonald 6.8%.
Former key Bolnisi geologist Jason Beckton is said to have been attracted back to ‘the band’ after seeing some of the earlier stage results and visiting site.