Santa Fe Metals, which is conducting a drill program on mineral properties near Fort Steele, has announced that they have completed reviews of fieldwork from October and November.
That work has led to the identification of two large scale, vertical and parallel sedimentary exhalative (SEDEX) targets. Both the East and West targets are located within the broad 4km by 3km Sully gravity anomaly that has been the focus of exploration drilling to date.
What this means says, Santa Fe President Scott Broughton, is that the drill program will continue in the New year.
“We have not drill tested either of the two targets; they have been identified by geophysical techniques and appear to be very large. Because of the magnitude of the geophysical response we believe they must be similar to the SEDEX style of mineralization at Sullivan or Kootenay King (the geological setting at Sully is the same as those types of targets), as that is the best explanation for the results. The fact that the different types of tests showed two targets at the same coincident location makes this very exciting.
“We have no idea of grades, but these are very compelling and large scale targets to test.”