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.
High Grade Silver Result – Mojardina
- RC16CT-21
- 35m @ 221 g/t Ag from 0m, including
- 4m @ 453 g/t Ag + 2% Zn from 21m
- 35m @ 221 g/t Ag from 0m, including
Previously reported (18 November, 2016)
Mojardina ‘Loop’– Southern Sector
- RC16CT-16
- 5m @ 61 g/t Ag from 49m
- 6m @ 54 g/t Ag from 60m
- RC16CT-17
- 5m @ 56 g/t Ag from 45m
- 10m @ 56 g/t Ag from 61m
- 31m @ 32 g/tAg from 82m, including
- 8m @ 49 g/t Ag from 100m
- RC16CT-18
- 6m @ 58 g/t Ag from 40m, including
- 1m @ 530 g/t Ag from 48m
- 17m @ 50 g/t Ag from 78m
- 6m @ 58 g/t Ag from 40m, including
- RC16CT-19
- 11m @ 55 g/t Ag from 0m
- 45m @ 45 g/t Ag from 65m, including
- 8m @ 116 Ag from 100m
- RC16CT-20
- 7m @ 83 g/t Ag from 83m
- 24m @ 47 g/t Ag from 115m
?Discussion:
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.
About Cuitaboca Project:
The Cuitaboca Project is in an area covered by the 5,500 Ha mining concessions and consists of a series of veins with sulphide mineralisation carrying high grade silver and low grade polymetallic minerals. The area is dominated by andesite flows and tuffs of the lower volcanic group with minor rhyolites of the upper volcanic group at higher elevations.
The main vein structures are La Lupita – El Pinal, La Piedrita and Blanca Esthela prospects in the north of the Cuitaboca Project, Los Sapos, Chapotal, La Plata, Colateral and Jesus Maria in the Central Sector and the Mojardina and Santa Eduwiges vein systems in the Southern sector.
Santana has a contractual right to earn to an 80% interest in the Cuitaboca Project through a combination of work commitments and payments following which it enters into a joint venture on an 80:20 contribution basis.
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.
Original Article: http://santanaminerals.com/wp-content/uploads/2016/11/161123_High-Grade-Silver-Result-Mojardina.pdf
