Santana Breakout

Santana Ready to Go

Santana 2M Inferred

2 Million Ounce Global Inferred Gold Resource Platform (PDF)

Global Resources now exceed 2 million ounces at a cut-off grade of 0.25 g/t gold

85 percent of the gold resource is within the RAS deposit including higher grade resources of 10.6Mt containing 1.2 million ounces at an average grade of 3.6 g/t using a 1.5 g/t cut-off.

Santana has filled its gap.

Wrecked Miners

Deflation is coming and gold miners will probably be smashed in the first leg of it, unless investors have learned their lessons and accumulate gold in anticipation of an eventual central bank reversal. I'm still holding some of these, and haven't initiated positions in others yet such as AMX and BNCH, both of which are breaking down too after losing support.

SMI has been one of my few winners, but it has pulled back quite a bit, as I expected following that run.

Santana Strikes Again

Still a cheap stock if the mine comes into production.

Latest news release (opens a PDF): RISE & SHINE (RAS) MINERALISATION EXPANDS NORTH WITH MDD044 INTERCEPT

Off the Beaten Path: Based Miners

SMI has already broken out, posting simply as an update. Not an area I'd be chasing.

I still like Maritime Resources. I believe the stock is caught in a "doom loop" where investors are selling because they expect dilution. As the price drops, the dilution becomes larger, more investors sell and so on. I pray they do not fund the mine down at these levels, but instead wait for either strong drill results or a rebound in the gold price. If either of those situations unfold, then it will flip into a virtuous cycle where the value of the mine rises, the stock price rises, the needed dilution falls. I also expect there will be a "goldilocks" window opening for all gold mining stocks, similar to spring 2020, where energy prices are down, labor and material supplies for mine construction will be available and the gold price will be high. Navigating this opportunity will separate many winners from losers.

Rise and Shine Gets Bigger

The remarkably continuous higher gold grades now extend 1300 metres down-plunge at RAS and remain open. RAS has transformed the pre-2021 views that the RSSZ hosted low-grade ~1 g/t gold mineralisation. The RAS higher-grades, highlight the potential of other deposits, strengthening the belief of rapidly advancing the Bendigo-Ophir project towards multi-million-ounce non-refractory gold resources.

PDF: RISE & SHINE (RAS) DRILLING CONTINUES TO DELIVER HIGH GOLD GRADES

Oz Holdings

These are my largest holdings in Oz. No plans to sell any at this moment.

Rise and Shine and Shrek

Santana Minerals updated their investor presentation. PDF: BENDIGO-OPHIR GOLD PROJECT – NEW ZEALAND

I found this stock via type-o, kept it on a watchlist because why not, and I put a red flag on it because it was a terrible chart heading into the summer of 2021. It still receives very little coverage. I don't see any coverage from my usual sources. I bought it as a pure chart play and it has been working out with the breakout underway.

Volume is coming off a bit, but still strong considering the history. It's a drill story now. They're shooting for 1 million oz this year and the stock price tells me investors expect results. It could consolidate down towards the horizontal at 42 cents if the crowd loses interest. On the upside, there is very little resistance.

Rise and Shine

RISE & SHINE GOLD ZONES EXTENDED AS DRILLING ACCELERATES

Santana Minerals Limited (ASX: SMI) (“Santana” or “the Company”) is pleased to announce further significant assay results from the 100% owned Bendigo-Ophir Project (“the Project”) where drilling since November 2020 has increased Inferred Gold Resources (MRE) to 643Koz at four Rise and Shine Shear Zone (RSSZ) Deposits (ASX announcement on 28th September 2021). Thickened (>40 metres) upper hanging wall shear (HWS) mineralisation in diamond drill (DD) holes (MDD020 and MDD021R) and VG hosted in brecciated quartz veins in current drillhole MDD025 show the RAS system remains robust at least 400 metres north-east of the newly defined 2021 MRE with scope for further extensions as the drilling moves north.

Commenting on the results Executive Director Dick Keevers said:

“Our drilling at RAS now indicates that the shear and stockwork related Au mineralised body extends greater than 1 kilometre down plunge from the surface, about 400m beyond the limit of the Northern boundary of our last Mineral Resource Estimate (MRE), completed last year. On our most northern drill section N5017720, drill hole MDD 19R assayed 42.6m @2.3 g/t Au, and drill hole MDD 25, 80m to the east, is in progress with only the top of the Au mineralisation cored to date, where visible free Au (VG) has been logged. So far, we have maintained a bold 120 m x 80 m drill pattern, within which the E -W width of the body is about 270 m, subject to closer future definition of the edges.

These excellent drilling results, combined with the good gold recovery options indicated by our preliminary metallurgical tests last year, have established a base for Santana to push on with more drilling, so that in the first half of 2022, we can up-grade our Interim MRE, as well as conduct more metallurgical test work, which is expected to then lead to preliminary mining studies.”

Homepage: Santana Minerals

Buying in Oz

Gold explorers: MZZ DCN SMI OKU CHZ

Unrelated to me because I just saw it, but related: World’s Top Gold ETF Sees Holdings Surge in Bullish Demand Sign

Chart Buy: Santana

I accidentally typed this symbol at some point, and thought the chart looked blah, but for some reason I kept it. It's starting to look good now. I took a position today.