Santana Minerals Return High-Grade Gold Drill Results
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Santana Minerals Limited (ASX: SMI) reported high grade gold infill drill results from its Rise and Shine deposit on 07 July 2026, reinforcing confidence in the early stage mine plan as permitting and financing continue to advance. The update is based on the first four holes of a 12 hole infill drilling program aimed at tightening spacing in the southern part of the RAS deposit ahead of planned open pit mining.
The standout intercept came from hole MDD504 which returned 15.5m at 7.7 g/t gold from 185.0m including a higher grade zone of 4.2m at 14.5 g/t gold from 211.8m. Hole MDD524A delivered 7.0m at 6.4 g/t gold from 170.0m while MDD525 revealed several mineralised intervals: 6.7m at 2.0 g/t, 6.0m at 1.9 g/t, and 9.0m at 3.9 g/t gold. Additionally, MDD523 was noted as confirming the southern boundary of the highβgrade domain.
Santana reported that the drilling has further strengthened its understanding of the HG1 mineralised zone and may point to a second stacked high grade lens beneath the main domain. That interpretation matters because it can improve geological confidence, support mine design and help optimise early ore scheduling. In practical terms, tighter drill spacing reduces uncertainty in the areas intended for first production which is exactly what investors want to see before development capital is committed.
The company also noted that mine plans are being refined ahead of advanced financing activities scheduled within three months of fast track approval consents. Additional drilling is continuing with eight more holes planned to close spacing further in the early production area.Β
(Source: Company Reports)
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