Location

21 April 2017. Santana Minerals Limited (“Santana”) is pleased to announce recent diamond saw trenching results at the La Plata prospect some 2km north of the Jesus Maria prospect plus rock chip and diamond saw trenching results at the Santa Eduviges prospect south of the Mojardina prospect, all of which sit within the Company’s Cuitaboca Project in Sinaloa, Mexico (Figure 1).

Figure 1. Cuitaboca Project location map including major prospect/vein locations

LA PLATA

The recent program of work included mapping, rockchip sampling, and diamond saw trenching. Rock chip results up to 1355 g/t Ag followed by diamond saw trenching identified the following significant results.

  • LPTTR_07,  2m @ 78 g/t Ag
  • LPTTR_19,  1m @ 1995 g/t Ag
  • LPTTR_23,  5m @ 242 g/t Ag
  • LPTTR_25,  7m @ 131 g/t Ag including 3m @ 278 g/t Ag

The La Plata prospect was historically mapped as a narrow vein but recent identification and mapping of stockwork zones, rockchip sampling and diamond saw trenching results suggest a wider occurrence of mineralisation than previously thought. As a result of these highly encouraging results this zone is currently the subject of drill planning with an initial program likely to occur in the second half of 2017. 

Figure 2. The La Plata zone showing significant rockchip and trench sample assay results.

SANTA EDUVIGES

At Santa Eduviges (Figure 3) recent rockchip samples and diamond saw trenches have defined a high grade silver-gold flexure and also an important junction with the southern extent of the Mojardina prospect.

In part this will be tested in the upcoming drill program of the southern extensions of the Mojardina prospect with other areas of Santa Eduviges to be tested in later drill programs.

  • STTR_04,  3m @2.9 g/t Au and 5m @ 95 g/t Ag
  • STTR_05,  2m @ 176 g/t Ag
  • SETR_04,  4m @ 178 g/t Ag

 

Figure 3. Santa Eduviges/Mojardina Junction

The results of these recent works across the La Plata and Santa Eduviges prospects continue to highlight the prospective nature of the mineral concessions which form the Cuitaboca Project.

While the Company’s upcoming drilling campaign is focused on further delineating the extent of mineralisation within the already identified Mojardina and Jesus Maria prospects, the encouraging results reporting from La Plata and Santa Eduviges add to the Company’s confidence in defining a bulk tonnage silver resource within the southern extents of the Cuitaboca land package.

For further information, please contact:
 
Tony McDonald
Managing Director
+61 417 726364 or
 
Cameron Peacock
Investor Relations & Business Development
+61 439 908 732
 
About Santana
 
Santana is a precious metals explorer focused on Mexico where it owns 100% of the Namiquipa (silver/lead/zinc) project in Chihuahua and is earning into ownership of the Cuitaboca Ag-Au polymetalic project in Sinaloa.
Additional information about Santana and its projects is available on the website: www.santanaminerals.com
 
Competent Person/Qualified Person.
 
The information in this report that relates to exploration targets, exploration results, mineral resources or ore reserve is based on information compiled by Mr Jason Beckton, who is a Member of the Australian Institute of Geoscientists. Mr Beckton is a part time consultant to Santana. Mr Beckton has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Beckton consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
 

 

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