Santana Minerals has reported results from recent resource definition drilling at its Come-in-Time, Srex, and Srex-East prospects.
The results are expected to bolster supplementary mill feed for the upcoming pre-feasibility study, augmenting the primary Rise and Shine discovery.
The company received assay results from twenty-nine shallow reverse circulation and diamond drill holes at CIT, with 16 holes returning mineralisation.
Highlights include 23.0m at 2.6g/t Au from 38m in hole MRC229 and 18.0m at 2.2g/t Au from 40.0m in hole MRC234.
Assay results from the last thirteen drill holes in the SRX and SRE prospects have also been encouraging, with six holes returning notable intercepts.
These include 3.0m at 11.9g/t Au from 131.0m in hole MDD349 and 10.0m at 1.03g/t Au from 41.0m in hole MDD335.
"Whilst these holes show that the CIT, SRX and SRE prospects aren’t another RAS, they show that a good quantity of supplementary feedstock is present and provide flexibility and additional longevity to the ensuing mining PFS," said Damian Spring, CEO of Santana.
The updated resource estimate from the results, to be included in the Bendigo-Ophir pre-feasibility study, is anticipated in the December quarter.
Santana Minerals is an Australia-based precious metal explorer, focusing on the Bendigo-Ophir Project in New Zealand.
The company's Bendigo-Ophir covers 251km2 in the Central Otago goldfields, 90km northwest of Oceana Gold's Macraes gold mine. Its Cuitaboca silver + gold project comprises 5,500 hectares of exploration tenements and is located on the Pacific side of the Sierra Madre.
At the time of reporting, Santana Mineral’s share price was $1.73.