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