SANTANA MINERALS LIMITED

SANTANA MINERALS LIMITED (ASX: SMI)

Santana Minerals announced high-grade drill intercept results from its 100% owned Bendigo-Ophir Project, with 17,913 meters drilled since February 2023 MRE completion.
Significant intercepts include MDD142 with an aggregate 28.0m @ 4.6g/t between 133.0m and 185.0m, including visible gold at 162m, 167m, and 169m.
Metallurgy tests report recoveries of approximately 90% from BLEG and Fire Assay of the BLEG residue samples.

2023-06-02 09:48:00

Santana Minerals Limited successfully raises A$15.5 million through the issuance of 24.8 million fully paid ordinary shares via an oversubscribed placement to sophisticated, professional, and institutional investors.
The funds raised will be used for exploration and infill drilling, technical and environmental studies at the Bendigo-Ophir Gold Project in New Zealand, and general working capital purposes.
In addition to the Placement, Eligible Shareholders will have the opportunity to apply for up to A$30,000 worth of new shares through the Share Purchase Plan (SPP) at the same issue price as the placement, with the SPP targeting to raise approximately A$3 million.

2023-05-05 09:38:00

Three new drillholes with full assay results are reported for the Rise & Shine (RAS) deposit within the Inferred and Indicated Resources of the February 2023 Mineral Resource Estimate (MRE).
The most significant intercept is MDD136 with an aggregate of 46.4m @ 3.7g/t between 169.6m and 302.0m, including 24.4m @ 5.3 g/t Au from 169.6m and 1.0m @ 23.5 g/t Au from 222.0m.
Drill results since the February 2023 MRE continue to confirm the extent and grade of the RAS mineralisation, beyond the high-grade indicated area in the southern area of the orebody.

2023-05-03 11:32:00

Eleven new drillhole assay results from the Rise & Shine deposit confirm the extent and grade of the mineralization within Inferred Resources and beyond the Indicated Resources of the February 2023 MRE.
Significant intercepts include MDD128 with an aggregate of 26.0m @ 2.1 g/t Au, MDD129 with 18.0m @ 2.5 g/t Au, and MDD130 with 22.0m @ 8.1 g/t Au.
Preliminary Phase 5 metallurgy testwork results indicate high gold recoveries around 90% are possible across RAS using a conventional gravity and leach process.

2023-04-24 11:05:00

Santana Minerals Limited announces significant gold grade results from the 100% owned Bendigo-Ophir Project.
Project includes 2.9Moz of gold in the new mineral resource estimate, and drilling continues to expand resource potential.
Five drill rigs are currently operating, focusing on Rise and Shine Shear Zone deposits and exploring other targets in the project area.

2023-04-04 08:40:00

Santana Minerals Limited is pleased to announce a 30% grade increase in gold at RAS, with 2.66Moz @ 2.5g/t Au added since the July 2022 MRE upgrade.
Global resources across all 4 RSSZ deposits are now 2.91Moz @ 2.3g/t Au.
Immediate objectives include increasing indicated resources, scoping and development studies and continuing exploration activities along the Bendigo-Ophir mineralised trend.

2023-02-02 09:57:00