Santana Minerals (ASX:SMI) Extends RAS Deposit with High-Grade Drilling Results
Drilling Results
Santana Minerals (ASX:SMI) announced that its latest drilling at the Rise and Shine (RAS) deposit has successfully extended the ore system to the south and at depth. Four new drill holes returned high-grade gold mineralisation beneath the current pit designs. Additionally, geotechnical drilling intersected narrow mineralised zones beyond the current resource model, indicating further upside potential.
Executive Comments
CEO Damian Spring stated, “Due to challenging terrain, RAS South has seen limited drilling to date. However, with each new hole, our understanding of the area’s potential continues to improve. A parallel zone of high-grade mineralisation, offset from the main high-grade core at RAS, is emerging, and notably, it lies outside the current Mineral Resource estimate.”
Future Drilling Plans
Santana has completed the current phase of infill drilling, with assays from remaining holes expected in the coming weeks. The focus will shift to extension and infill drilling of the main RAS high-grade core to expand the mineralised footprint and upgrade the resource classification from Inferred to Indicated. Regional exploration continues under the RINA program, validating grade continuity at satellite deposits.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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