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SANTANA MINERALS LTD

ASX: SMI

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Description

Santana Minerals Limited is focused on exploration for gold and silver in Mexico where it owns the Namiquipa (silver/lead/zinc) project in Chihuahua and is earning into ownership of the Cuitaboca Ag-Au polymetalic project in Sinaloa.

The Namiquipa Project is located in the Municipality of Namiquipa, Chihuahua State, Northern Mexico, approximately 145 kilometres west-north-west of the city of Chihuahua.The project is in and around the historic La Venturosa silver mine in Chihuahua State. The Namiquipa Project is within the lower volcanic sequence (LVS) of the larger Sierra Madre Occidental Volcanic (SMOV) geologic zone which hosts several economically important epithermal silver deposits in the top 10 silver producers globally. Phase 1 core drilling was undertaken from May 2011 to June 2012 for a total of 86 drill holes for 32,151 metres.

The Cuitaboca Project is located in the state of Sinaloa, Mexico, approximately 100km NE of the city of Los Mochis and 80km NE of the city of Guasave.

Santana is earning up to an 80% interest in the Cuitaboca Ag + Au + Pb + Zn + Cu project in Sinaloa State, Mexico where high grade silver (up to 1,485g/t) + gold (up to 3.39g/t) + Pb (up to 13.3%) + Zn (up to 14.3%) have been identified in rock chip samples from the multiple NW-SE trending surface vein exposure over a project north-south distance of 25km.

Mine For

silver, lead, zinc, gold

Location of operation(s)

Mexico

Address

10 Eagle Street
Brisbane, Qld, Australia, 4000

Phone

+61 7 3221 7501

Email

Website


Last Updated

22/1/2016

 

The data on Australian Shares.com is intended as a guide only and is provided purely as an indication of what information can be found through official announcements. Data on this website should not be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy. The publisher (Intaanetto Pty Ltd) will not be held liable for any loss arising from the use of this website.