|By Marketwired .||
|June 2, 2014 06:00 AM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/02/14 -- Santa Fe Metals Corporation (TSX VENTURE:SFM) ("SFM" or the "Company") announces that drill hole SU14-09 has reached a completion depth of 735-m. The project team has determined that the large-scale East Target gravity mass is unlikely to be found on the drill hole's current trajectory and observed geology.
The recent drill program has dramatically advanced understanding of the geological setting at the Sully Project but it did not discover massive sulphides. The Company remains attracted to the targets because of compelling gravity and magnetic geophysical targets coincident with Sullivan Time horizon. 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.
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.
Scott E. Broughton, P.Eng., President and CEO
Scott E. Broughton, P.Eng.
President and CEO
Aug. 26, 2016 04:00 PM EDT Reads: 3,916
Aug. 26, 2016 03:45 PM EDT Reads: 522
Aug. 26, 2016 03:15 PM EDT Reads: 383
Aug. 26, 2016 01:30 PM EDT Reads: 3,402
Aug. 26, 2016 01:00 PM EDT Reads: 1,964
Aug. 26, 2016 12:30 PM EDT Reads: 619
Aug. 26, 2016 12:00 PM EDT Reads: 1,902
Aug. 26, 2016 11:45 AM EDT Reads: 575
Aug. 26, 2016 11:45 AM EDT Reads: 653
Aug. 26, 2016 11:30 AM EDT Reads: 558
Aug. 26, 2016 11:20 AM EDT Reads: 333
Aug. 26, 2016 11:15 AM EDT Reads: 1,863
Aug. 26, 2016 10:45 AM EDT Reads: 527
Aug. 26, 2016 10:30 AM EDT Reads: 1,580
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 19th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devices - comp...
Aug. 26, 2016 10:15 AM EDT Reads: 3,574