Santana Minerals Limited
Santana Minerals Limited
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Assay results from recent resource evaluation drilling have highlighted significant potential for further resource growth at explorer Santana Resources’ 100%-owned Bendigo-Ophir goldfield at North Otago in New Zealand’s South Island.
Santana says fresh drill assays for the Rise and Shine project at Bendigo-Ophir have eclipsed the average grade in its mineral resource estimate in July.
Explorer Santana Resources has highlighted significant near-term potential for further resource growth at its 100%-owned Bendigo-Ophir project in New Zealand’s South Island after drilling assays consistently surpassed past average grades at its Rise and Shine deposit.
Australian-based precious metals explorer Santana Minerals has struck what appears to be the sweet spot at the Bendigo-Ophir project in New Zealand’s Central Otago goldfields, one of the few bright lights for gold exploration across the Tasman.
The company has produced impressive new drill hits at the Rise and Shine Ridge, Come-in-Time, Shreks and Shreks East targets that stretch over 4km within an area containing an established 1.9Moz inferred resource.
All deposits remain open at depth. Three diamond rigs are continuing to test extensions.
Precious metals explorer Santana Minerals has struck what appears to be the sweet spot at the Bendigo-Ophir project in New Zealand’s Central Otago goldfields, one of the few bright lights for gold exploration across the Tasman.
Experienced mining journalist and commentator Ross Louthean, a long-time observer of the New Zealand minerals industry, explores the current and past influences behind Santana Minerals' drilling successes on the historic Bendigo-Ophir district in Otago.
Explorer Santana Minerals has opened up the prospect of future underground mining through its “follow the gold” down-plunge drilling strategy on the Rise and Shine deposit at New Zealand’s historic Bendigo-Ophir goldfield.
Drilling at RAS has substantially increased global inferred resources at the Central Otago goldfields project to 2.09Moz (46.7Mt @ 1.4g/t) at 0.25g/t cutoff. It represents a 3-fold increase since its Sept 2021 estimate.
International explorer Santana Minerals is opening up new development options for New Zealand’s historic Bendigo-Ophir gold project after lifting total JORC 2012-compliant inferred mineral resources in the Rise and Shine Shear Zone to 643,000oz (19.8Mt @ 1g/t).
Australian-based international explorer Santana Minerals is seeking to revive one of New Zealand’s richest past gold mines with agreement to acquire the Bendigo-Ophir project in the Otago Goldfields through the all-shares acquisition of its current private owner, Matakanui Gold.
Santana Minerals will seek new opportunities in Mexico alongside its 100%-owned Namiquipa silver, lead and zinc project in Chihuahua state after withdrawing from its option to purchase the Espiritu Santo project.
The Australian-based Mexican specialist pulled out of the Espiritu Santo deal in Jalisco state after evaluating the results of first phase drilling and the project’s potential.
Santana Minerals will focus on its Mexican precious metals projects after reaching agreement to sell its Mt Dockerill Mining tenements at Mount Isa to unlisted Australian explorer Hammer Metals.
The tenement portfolio includes the Kalman copper-molybdenum project, incorporating the 51%-owned Pelican JV with Syndicated Metals, the Mt Philp iron project and surrounding tenement portfolio.