Santa Fe Metals-Drilling in Range of Sully's East Target
24 Abril 2014 - 8:00AM
Marketwired
Santa Fe Metals-Drilling in Range of Sully's East Target
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 24, 2014) -
Santa Fe Metals Corp. (TSX-VENTURE:SFM) ("SFM" or the "Company")
announces that drill hole SU14-07 is now over 815-m deep and is
continuing well on its planned trajectory to test the East
sedimentary exhalative (SEDEX) target at the Sully Project.
Gravity surveying and interpretation suggests the depth of the
top of the East Target is in the 800 to1,000-m range and based on
current drilling performance that range will be tested in the
coming days. A video presentation of the current geological model,
including the geophysical targets and traces of historic drill
holes can be seen at Sully Project Video.
The Sully Project
Sully is located near Fort Steele, 30-kilometres east of the
world-famous Sullivan mine at Kimberley, B.C. The East target is
one of two gravity mass anomalies estimated to come within 800 to
1,000-m of surface, and extending to depth. Coincident magnetic
anomalies reinforce the positioning of the large-scale gravity
masses at this depth and approximately 800m apart. Management
believes the best explanation for the twin mass anomalies is the
presence of two very large vertically oriented SEDEX massive
sulphide bodies.
The Sullivan Mine
Sullivan was discovered in 1892 and is one of the largest
silver-lead-zinc 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 the 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.
Santa Fe Metals Corp.Scott E. Broughton, P.Eng.President and
CEO604.684.2900www.santafemetals.com
Santa Fe Metals Corporation (TSXV:SFM)
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