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Santana Minerals Ltd.
Summary
| Project: | Cuitaboca | |
|---|---|---|
| Deposit: | Mojardina | |
| Location: | Mexico | |
| Commodities: | Silver-Zinc-Lead | |
| Date: | 11/23/2016 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 23-11-2016: Santana Minerals Ltd. announces an Exploration/Drilling Update report for its Mojardina deposit at the Cuitaboca project. Drilling results incl. 35m @ 221g/t Ag from 0m. 23 November, 2016. Santana Minerals Limited (“Santana”) is pleased to ann | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Jason Beckton (Internal) | |
| ABSTRACT: | 23 November, 2016. Santana Minerals Limited (“Santana”) is pleased to announce further Reverse Circulation (RC) Drill results from the Mojardina Loop area of the Cuitaboca Project in Sinaloa, Mexico. Drill assays from Hole 21 (RC16CT-21) has returned a high grade silver intercept from surface. This further enhances and confirms the continuity of the southern Loop mineralisation. At 35m width this intercept serves to define a confirmed high grade shoot within the broad and continuous mineralised structures of the Mojardina Loop. Reported results represent the first 6 drill holes of the current 24 drill hole RC program. Additional results will follow from all three target areas in the coming weeks. The current program consists of 24 RC drill holes (2,800+/- metres) commencing from RC16CT-16 (1 to 15 completed in Phase 1 drilling earlier in 2016) across three target areas: the Mojardina Loop, the Jesus Maria breccia and Mojardina South. Drilling is complete in the current program at Mojardina Loop (Holes 16 to 24 and 26). Results are pending for drill holes 22 to 26 on the northern side of the Mojardina Loop (Figure 1). The program now continues at the Jesus Maria breccia and is nearing completion following which the crew will take a 7 day break before resuming the program at Mojardina South. Further to the company’s ASX announcement dated 18 November, 2016 these results again highlight the significant potential of the Mojardina Loop where the geological model is becoming more predictable and simplified with results to date suggesting the bulk tonnage target remains open at depth and along strike and where the geometry of the mineralisation does not appear to be complex. | |
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