Santana Minerals Limited Extends RAS South Gold Deposit with 27m High-Grade Intercept, Unlocking Significant Resource Upside
Wednesday, May 7, 2025
at
12:33 pm
Santana Minerals Ltd’s latest drilling at the Rise and Shine deposit confirms high-grade gold mineralisation beneath current pit designs. New intercepts hint at resource upgrades and additional exploration upside, marking a promising development for boosting future project value for beginner traders.
Santana Minerals Limited has reported encouraging assay results from its ongoing drilling program at the Rise and Shine deposit that could extend the current ore system and reveal additional upside potential. The latest phase delivered four new drill holes, two targeting a southern and deeper extension and two designed for geotechnical evaluation of the open pit walls. In one of the drillholes, a 27.0‐metre intercept averaging 2.3 g/t gold from 153 metres was recorded, with a particularly notable 4.0‐metre segment at 11.4 g/t and a 3.0‐metre section reaching 37.4 g/t gold. Another significant intercept was 7.0 metres at 5.9 g/t gold, confirming the presence of high-grade mineralisation beneath the current pit designs.
The geotechnical drilling, aimed at refining wall positions for the planned open pit, has also yielded promising results. While some intercepts were too narrow to justify an immediate pit cutback, they confirm a continuity of high-grade mineralisation beyond the current resource model. This extra mineralised zone, accessible via a short lateral development from existing ramp stages, lies outside the currently modelled resource and offers potential for future expansion. CEO Damian Spring emphasized how increased drilling in previously under-explored southern terrains has helped reveal a new parallel zone of high-grade mineralisation, highlighting the area’s untapped exploration potential.
In parallel with the RAS South activities, the company has shifted focus to extension and infill drilling of the main high-grade core at RAS North. This program is designed to both expand the mineralised footprint and achieve the drill density needed to upgrade the resource classification from Inferred to Indicated. At the same time, regional exploration continues under the RINA program, where closely spaced RAB drilling at nearby satellite deposits is underway, aimed at validating grade continuity essential for mine planning.
Bullish sentiment stems from the high-grade intercepts and the discovery of additional mineralised zones beyond the current resource model, suggesting a robust potential for increasing the deposit’s overall resource. Investors might view the expanding drill results and strategic focus on both extension and resource upgrade as positive indicators for future project development. On the other hand, there is some bearish caution as initial drill programs have yet to fully quantify the volume and continuity of the new mineralisation, requiring further drilling to assess commercial viability. Overall, the announcement supports cautious optimism for future resource expansion at Rise and Shine.