SMI 17.4% 50.0¢ santana minerals limited

Santana Minerals (ASX:SMI) has intersected two mineralised veins...

  1. Santana Minerals (ASX:SMI) has intersected two mineralised veins at the Cuitaboca Project in the State of Sinaloa, Mexico, with each of three holes it drilled into the Colateral Structure.

    The primary zone tested for ore shoots below a zone that had reported elevated silver from underground samples.

    Drilling intersected 1 - 1.7 metre wide (down hole) colloform banded, chalcedonic quartz with massive galena, low temperature white sphalerite and fine-grained argentite over a strike length of 90 metres and down-dip extent of 150 metres from surface within competent andesite.   

    Results include:

    - 0.9 metres at 1.88 grams per tonne gold, 78g/t silver, 1.26% lead and 4.4% zinc from 187.3 metres;
    - 1.1 metres at 0.56g/t gold, 168g/t silver, 6.11% lead, 5.8% zinc from 207.3 metres; and
    - 1.7 metres at 0.28g/t gold, 178g/t silver, 2.1% lead, 1.16% zinc from 183.3 metres including 1 metre at 0.29g/t gold, 270g/t silver, 0.38% lead and 1.16% zinc from 184 metres.

    Data developed from this drilling, the first at the project, will improve the company’s understanding of the geology and mineralisation for future exploration to search for wider vein structures.

     

 
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