Santana Minerals Ltd (ASX:SMI) Reports Latest Diamond Drilling Results
Operational Achievements
Santana Minerals reported recent diamond drilling results from the Rise and Shine (RAS) deposit, part of the Bendigo-Ophir gold project in New Zealand. The drilling aims to better define the eastern limits of the RAS high-grade core, enhancing mine planning and the final open pit wall position. Results indicate minor pit extensions at generally lower grades. A revised Mineral Resource Estimate (MRE) is currently underway with the new data.
Additional Infill Drilling
The company has commenced additional infill drilling in RAS South, following the construction of new access tracks on steeper terrain. The first hole in this program, MDD395, delivered excellent high-grade results from an area where overburden is reducing.
Executive Comments
CEO Damian Spring stated, “The more we drill, the better this orebody looks! This increased detail and definition will enable us to produce beneficial improvements to our mine designs and better outcomes for our project development. It’s good news and enhances the opportunity for us to improve the PFS mine plans and reduce the magnitude of cash drawdown from pre-strip works.”
Ongoing Drilling
Santana continues to focus on extending the RINA programme and completing geotechnical drilling for the RAS pit final design parameters.
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