These new RAS DD drill assay results for MDD009 follow recent RC drill assays (ASX announcement on
Commenting on drillhole MDD009 results Executive Director
RAS Drillhole MDD009 Results
DD drillhole MDD009 in the newly identified northern sector of the RAS deposit along the RSSZ was drilled in June, a component of the drilling programme that commenced in
RAS DD drilling was planned to continue north down-plunge from the earlier significant MDD007 mineralised intercepts (ASX announcements on
RSSZ mineralisation at RAS, with thicknesses generally >120 metres, has now been intersected large distances (>350 metres) north of the existing MRE and is open laterally, east of inferred Mark's Fault and down-plunge.
The upper zone, widespread throughout all the RSSZ deposits, is typified by thick (20-40 metres) lower grade (+/-1g/t Au) gold mineralisation, in shear dominated schists, immediately below a regional low-angle fault, (Thomsons Gorge Fault -TGF). At RAS, the lower mineralised zone is a consistent feature emerging from current drilling in an apparent stacked relationship to upper mineralised zones. There is a vertical separation of 80-100 metres below the upper zone generally containing multiple phase narrow
Key Conclusions
The gold mineralisation intersected in MDD009 (and that previously in MDD007) are significant in both their thickness and grade, reinforcing earlier flags of the emergence of a major mineralised system, with considerable down plunge potential beyond the existing MRE (to JORC Code 2012). Previous exploration tested shallow peripheral areas of the main prospects and the recognition at RAS of a deep continuous high-grade mineralised zone associated with fracture fill veins builds on this exciting new component to the old goldfield.
Forward Programme
DD drilling is ongoing and accumulation of mineralised pierce points is to be maintained at RAS (and at other prospects where required) with new results to dictate forward drilling requirements. All RC drilling results are now to hand, and these together with available DD assays allow resource modelling to advance, with the new 2021 MRE (to 2012 JORC code) expected to be reported in late July early August. Metallurgical work is continuing with 60-day column leach test-work on representative samples of drill core from CIT, RAS and Shreks-East (SRE) prospects. This work will be supplemented by mineralogical work to tie in understanding of mineral species for gold extraction, mineralising events and structural controls.
This announcement has been authorised for release to the ASX by the Board.
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About
The Bendigo-Ophir resources occur in 3 deposits that are inferred to extend in a northerly direction within the RSSZ which hosts gold mineralization over a recognised strike length of >20km. The RSSZ occurs at the contact with TZ3 and TZ4 schist units separated by a regional fault (Thomsons Gorge Fault-TGF) and dips at a low angle (25-degree) to the north-east. The RSSZ is currently interpreted to have upper shear hosted gold mineralization (HWS) 10-40 metres in width above quartz vein and stockwork related gold mineralization extending >120 metres below the HWS which is largely untested down-plunge and at depth. The Company embarked on diamond drilling (DD) and reverse circulation (RC) drilling programmes in
A copy of such announcement is available to view on the
Current Disclosure - Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Richard Keevers, a Competent Person who is a Fellow of
Forward Looking Statements
Forward-looking statements in this announcement include, but are not limited to, statements with respect to Santana's plans, strategy, activities, events or developments the Company believes, expects or anticipates will or may occur. By their very nature, forward-looking statements require Santana to make assumptions that may not materialize or that may not be accurate. Although Santana believes that the expectations reflected in the forward-looking statements in this announcement are reasonable, no assurance can be given that these expectations will prove to have been correct, as actual results and future events could differ materially from those anticipated in the forward-looking statements. Accordingly, viewers are cautioned not to place undue reliance on forward-looking statements. Santana does not undertake to update publicly or to revise any of the included forward-looking statements, except as may be required under applicable securities laws.
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