Santa Fe Metals Begins Drilling at Sully's East Target
April 14 2014 - 8:00AM
Marketwired
Santa Fe Metals Begins Drilling at Sully's East Target
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 14, 2014) -
Santa Fe Metals Corp. (TSX-VENTURE:SFM) ("SFM" or the "Company")
announces it has commenced its 2014 diamond drilling program at the
Sully Project, focused initially on the East sedimentary exhalative
(SEDEX) target. Sully is located near Fort Steele, 30-km east of
the world-famous Sullivan Mine at Kimberley, BC. Drill hole SU14-07
is the first of several planned holes and drilling has recently
exceeded a hole depth of 240-m on a planned trajectory toward the
East Target. The target is a gravity mass anomaly estimated to come
to within 800-m of surface and extending to depth.
Exploration work completed in late 2013 expanded the gravity
station density around the area of previous drilling and
significantly refined the target model, now clearly demonstrating
the potential for twin parallel north-south trending stratabound
masses approximately 800-m apart. The East and West gravity targets
are made more compelling because they also have coincident magnetic
anomalies. Further, the 2013 drilling established that steeply
dipping bedding continues to, and likely extends well beyond, the
drilled depth of 1,500-m. Management believes the best explanation
for the twin gravity anomalies is the presence of two very large
vertically oriented SEDEX massive sulphide bodies.
Sullivan Mine
Sullivan was discovered in 1892 and is known to be one of the
largest SEDEX deposits in the world. Over its roughly 100-year
lifetime, Sullivan produced almost 300 million ounces of silver, 36
billion pounds of lead and zinc plus smaller amounts of other
metals, collectively worth over $40-billion at current metal
prices. The company cautions that past results or discoveries
on proximate land are not necessarily indicative of the results
that may be achieved on the Sully property.
Technical contents of the Sully Project disclosure in this
news release have been reviewed and approved by Paul Ransom,
P.Geo., a qualified person as defined by National Instrument
43-101.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
Scott E. Broughton, P.Eng., |
President and CEO |
Santa Fe Metals Corp.Scott E. Broughton, P.Eng.President and
CEO604.684.2900www.santafemetals.com
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