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Santana Minerals Ltd. ( (AU:SMI) ) has shared an update.
Santana Minerals Ltd. has announced exceptional drilling results at the northern extents of the Rise & Shine (RAS) deposit, highlighting significant high-grade intercepts. The results confirm the continuation of the high-grade core (HG1 domain) and suggest potential for substantial underground mine-life extensions beyond the current plan. The standout result of 8.7 meters at 30.6g/t Au in hole MDD487 ranks among the top ten holes drilled at RAS, underscoring the strength of the HG1 domain. These findings extend the HG1 zone well beyond the current underground reserve, potentially increasing the mine’s operation size by 60%. Additionally, aggressive step-out drilling has extended the RAS orebody down-plunge by another 190 meters, demonstrating the strength and predictability of the geological model.
The most recent analyst rating on (AU:SMI) stock is a Buy with a A$1.63 price target. To see the full list of analyst forecasts on Santana Minerals Ltd. stock, see the AU:SMI Stock Forecast page.
More about Santana Minerals Ltd.
Average Trading Volume: 1,432,642
Technical Sentiment Signal: Buy
Current Market Cap: A$681.7M
See more insights into SMI stock on TipRanks’ Stock Analysis page.