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Santana Minerals Ltd.
Summary
| Project: | Sayabouly | |
|---|---|---|
| Deposit: | Phu Lon | |
| Location: | Laos | |
| Commodities: | Nickel-Platinum-Cobalt-Chromium | |
| Date: | 4/24/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resources Definition | |
| Report details: | 24-4-2020: Santana Minerals Ltd. announces an Exploration/Drilling Update report for its Phu Lon deposit at the Sayabouly project. Initial drill results incl. 4.2m @ 0.65% Ni, 0.25g/t Pt, 456ppm Co, 0.6% Cr from 1.8m. 24 April 2020. Santana Minerals Limit | |
| Resources: | x | |
| CP/QP: | [Overall Report]: Shane Pike (Internal) | |
| ABSTRACT: | 24 April 2020. Santana Minerals Limited (‘the Company’) is pleased to provide an update on the maiden drilling program at the Phu Lon Nickel Prospect within the Sayabouly Project in Laos (Figure 1). As previously advised (refer ASX Announcement: 8th April 2020), the maiden drilling program at the Phu Lon Nickel Prospect was temporarily suspended due to COVID-19 containment measures enacted by the Laos Government. A total of eight holes were drilled (Table 1) before the program was suspended, with two styles of sulphide mineralisation intersected: (1) structurally confined and (2) layered massive sulphide. The latter style of mineralisation was drilled in two locations, the central and south sections of the 14 x 1km ultramafic mineralised ultramafic intrusion. Of the two styles of mineralisation, the massive sulphide is considered more prospective. This intersection was recorded below the lateritic profile within oxidised ultramafic rock (peridotite). PLDD001 was designed to test the extensive Trench 4 intercept of 975m @ 0.51%Ni, which included 42m @ 1.01% Ni (Santana ASX Announcement 17th July 2019) recorded directly above the hole | |
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