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Santana Minerals Ltd. ( (AU:SMI) ) has shared an update.
Santana Minerals Ltd has reported positive results from its latest diamond drilling at the Rise and Shine deposit, which is part of its Bendigo-Ophir gold project in New Zealand. The drilling aims to define the eastern limits of the RAS high-grade core, refine mine planning, and improve the position of the final open pit wall. The results have indicated minor extensions at lower grades, while infill drilling in RAS South showed promising high-grade outcomes. These developments are expected to enhance mine designs and project development, potentially improving pre-feasibility study mine plans and reducing cash drawdown from pre-strip operations.
More about Santana Minerals Ltd.
Santana Minerals Ltd is a company involved in the mining industry, focusing on gold exploration and development. The company is currently engaged in the Bendigo-Ophir gold project in New Zealand, particularly the Rise and Shine (RAS) deposit.
YTD Price Performance: 7.22%
Average Trading Volume: 1,399,391
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$340.1M
Learn more about SMI stock on TipRanks’ Stock Analysis page.
