5 March 2018 – Santana Minerals Limited (“Santana”) is pleased to report highly encouraging results from its recently completed portable micro-rig diamond drilling program undertaken at the La Plata Prospect within the Company’s Cuitaboca Project in Sinaloa, Mexico.
Previous field work including diamond saw channel trenching and rock chip sampling identified high grade surface mineralisation over 2km of interpreted strike length at the La Plata prospect. As a precursor to road construction for RC drilling the Company commenced a small-scale micro-rig drill program to test the continuation of the grade below surface and to give an indication of vein direction.
The Company is pleased to report 16 of the 32 assayed samples from this micro-rig program returned greater than 50g/t Ag and included the following material results (Figure 1).
DDLPT010 1.43m @ 293 g/t Ag + 0.41 g/t Au from surface
DDLPT012 0.89m @ 52 g/t Ag + 0.76 g/t Au from surface
DDLPT018 6.93m @ 73 g/t Ag from surface
These drill results provide further encouragement to the previously reported trenching results:
|LPTTR-07||2.00m @ 78 g/t Ag|
|LPTTR-19||1.00m @ 1,995 g/t Ag|
|LPTTR-23||5.00m @ 242 g/t Ag|
|LPTTR-25||7.00m @ 131 g/t Ag (including 3m @278g/t Ag)|
|LPTTR-30||2.45m @ 362g/t Ag including:|
|1.00m @ 158g/t Ag|
|0.85m @ 603g/t Ag|
|0.60m @ 362g/t Ag|
|LPTTR-31||4.60m @ 295g/t Ag including:|
|1.00m @ 450 g/t Ag|
|1.00m @ 322 g/t Ag|
|1.00m @ 306 g/t Ag|
|0.90m @ 188 g/t Ag|
|0.70m @ 160 g/t Ag|
The program has reaffirmed the highly prospective nature of La Plata and the Company will now assess the best way to advance the La Plata, Mojardina and Santa Eduviges prospects and the regional exploration in the Northern Zone where the coincidence of gold and hydrothermal haematite occurs.
For further information, please contact:
+61 417 726364 or
Investor Relations& Business Development
+61 439 908 732
Santana is a precious metals explorer focused on Mexico where it’s primary focus is earning an initial 80% interest in the Cuitaboca Silver-Gold project in Sinaloa State. Santana also holds 100% of the Namiquipa Silver Project in Chihuahua.
Additional information about Santana and its projects is available on the website: www.santanaminerals.com