The elusive sulphide deposit thought to be the second half of the great Sullivan Mine orebody remains elusive.
Santa Fe Metals announced over the weekend that they had halted drilling after drill hole SU14-‐09 reached a completion depth of 735 metres, without finding the large-scale target East gravity mass it was seeking.
Company president Scott Broughton says the mass is unlikely to be found on the drill hole’s current trajectory and observed geology.
He says that while the current drill program has dramatically increased understanding of the geological setting at the Sully target it did not encounter massive sulphides.
“The Company remains attracted to the targets because of compelling gravity and magnetic geophysical targets coincident with Sullivan Time horizon,” Broughton said. “Further, no rocks intersected in the drilling can account for the large-scale gravity mass anomaly demonstrated by several geophysical surveys. As a result, management believes the targets remain valid and highlights there are many places within the geological volume that remain to be tested by future drilling.
“Drill holes SU14-‐06 to 09 have produced an abundance of core that has been the subject of quick-logging and real‐time assessment enabling the project team to make rapid decisions while drilling. The team has now elected to suspend drilling, complete documentation and refine interpretation of all new geological information. The work will be done over the next several weeks and when completed the Company will announce its future plans for new drilling and/or other exploration for the project, including the East and West Targets.”