The latest update is out from Santana Minerals Ltd. ( (AU:SMI) ).
Santana Minerals Ltd has announced new assay results from infill drilling at the southern section of the Rise and Shine (RAS) South orebody, revealing significant new gold mineralization beneath the previously defined open pit shell. These results suggest potential for closer-to-surface mineralization and higher-grade lenses at depth, which could enhance the company’s mining strategy and reduce pre-stripping requirements. The new findings contribute to increased confidence in the early mine schedule and may impact the company’s operations by expanding the economic mineralization beyond current models, potentially offering new opportunities for stakeholders.
More about Santana Minerals Ltd.
Santana Minerals Ltd is a company operating in the mining industry, focusing on gold exploration and development. The company is primarily involved in the exploration of the Rise and Shine (RAS) orebody, with a market focus on expanding its gold resource base.
YTD Price Performance: -1.04%
Average Trading Volume: 1,395,999
Technical Sentiment Signal: Hold
Current Market Cap: A$307.2M
See more insights into SMI stock on TipRanks’ Stock Analysis page.