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Santa Fe Minerals Ltd.
Summary
| Project: | Challa | |
|---|---|---|
| Deposit: | Challa | |
| Location: | Australia | |
| Commodities: | Gold-Copper-Silver-Zinc-Sulfur | |
| Date: | 2/19/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 19-2-2020: Santa Fe Minerals Ltd. announces an Exploration/Drilling Update report for its Challa deposit at the Challa project. Drilling results incl. 4m @ 0.087g/t Au, 5.5g/t Au, 1480g/t Cu, 4690g/t Zn, 6050g/t S. Following the completion of Reverse Circ | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Reginald Beaton (Internal) | |
| ABSTRACT: | Following the completion of Reverse Circulation (RC) drilling at its Mt Carron and Yalanga Bore copper-zinc targets, Santa Fe Minerals Ltd (“Santa Fe”, “SFM” or “the Company”) advises that assay results have now been received showing anomolus copper-zinc mineralisation. Mt Carron Copper-Zinc Target (100% SFM) - Challa North A total of 4 RC drill holes for 361m were completed at the Mt Carron copper - zinc target. RC holes, MCRC001 to 004, were drilled to test a 500m long combined Fixed Loop Electromagnetic (FLEM) target (refer to figure 2 below). A Fixed Loop Electromagnetic (FLEM) survey completed over the Mt Carron (N6) target in the September 2019 quarter (refer to ASX report dated 16 September 2019) returned two strong and two moderate conductors in an area of 500m x 200m. The top of the modelled conductors range from 50-100m depth. The Mt Carron target had not previously been drilled and is located 1.4km south of the outcropping Rosemary and Ann copper zinc prospects. MCRC001 was drilled to intersect FLEM A modelled plate at 100m depth. The drill hole intersected the approximate middle of the modelled plate with disseminated to patchy pyrite and pyrrhotite logged from 84m to 108m hosted in chert and shale above a altered felsic volcanic unit. Zinc mineralisation of 0.54% was intersected in the upper part of the sulphide zone from 84m to 96m. | |
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