Santana Minerals (ASX:SMI, NZX:SMI) has released an update on its RINA drilling program aimed at expanding the Rise and Shine (RAS) discovery. The program targets potential mineralization under cover rocks, ensuring no valuable resources are overlooked. Of the 22 holes drilled, eight have been completed with four showing promising mineralization patterns.
Santana Minerals' RINA program is focused on identifying potential mineralized systems beneath cover rocks at the Rise and Shine discovery. The drilling aims to avoid covering valuable resources with infrastructure. Significant findings include mineralization patterns that suggest proximity to new systems. The program, which has seen anomalous gold grades, continues with 14 more holes pending. Santana Minerals plans to consider a follow-up program based on these results, reflecting the company's confidence in the project's potential. The announcement includes forward-looking statements, advising caution as actual outcomes may differ.
Damian Spring, CEO of Santana Minerals, expressed optimism over the results, noting the broad spacing of holes and the encouraging nature of intercepts through blind cover rock. The program continues in parallel with mine development and permitting activities.