|By Marketwired .||
|July 3, 2014 01:50 PM EDT||
VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/03/14 -- Santa Fe Metals Corporation (TSX VENTURE:SFM) ("SFM" or the "Company") announces that its Sully project team has completed a detailed review of new gravity survey data and core drilled in 2014 at the East Target. The month-long program highlights that drill hole SU14-09 likely passed within 100-m of the large-scale East mass and has brought the target's geometry into sharper definition. Based on the recent comprehensive data review, SFM will remobilize a drill to the project site to pinpoint the East target with DDHSU14-10 as soon as possible.
East Sully Target Highlights
-- Detailed logging of 2,697-m of core has confirmed Sullivan-time equivalent stratigraphy -- Geological interpretation shows potential for a large-scale SEDEX deposit was subjected to post depositional folding, tectonic thickening and faulting -- An additional 150 gravity measurements has further defined the East target's complex geometry and re-confirms an estimated mass in excess of 100 Million tonnes -- Down hole temperature and magnetic measurements observed in DDH SU14-09, in addition to the new gravity data indicates the hole passed within 100-m proximity of the East Target -- Both East and West gravity masses have near-coincident deep mag anomalies -- An historic zinc and lead soil geochemistry anomaly above and east of the East gravity target remains 'open' to the west -- In nine drill holes completed since 2004 none of the intersections can account for the Sullivan-size gravity anomaly
The Sully project has been the focus of several gravity survey campaigns, all providing increased resolution and clarity of the target(s) over time. Current interpretation shows East and West Targets, trending north-south and occupying a greater than 2-km diameter footprint, as shown on Figure 1. A cross-section through the anomalies also shows a separation of roughly 800-m within which some of the project's earliest deep drilling was undertaken. No intersections in any drilling to date can account for the gravity mass measurements or large-scale anomalies observed.
In June 2014, Excel Geophysics Inc. completed an additional 150 gravity stations over the East Target to further refine its gravity profile. That work revealed the mass has greater complexity than previously expected. Detailed interpretation of the East mass dataset shows two aligned cntres that are either separated or joined by a thin zone. Drilling to date came very close to the edge of this irregular mass. Down hole temperature and magnetic field readings in DDH SU14-09 also suggest proximity to massive sulphides, as shown in Figure 2.
The gravity targets are reinforced by the presence of near-coincident magnetic anomalies, shown on Figure 2. The filtered deep anomalies also trend north-south and broadly overlap the gravity footprint. These otherwise completely unrelated datasets highlight possible associated pyrrhotite-rich zones and suggest potential for massive base metal sulphide SEDEX horizons within the assemblage.
Brian Jones, P.Geophys., President of Excel Geophysics stated, "The Sully gravity anomaly is an impressive exploration target. The gravity anomaly is just under 1.0 mGal in amplitude, which is large compared to the possible sources of error. The mass of the high density sulphide that can account for the measured gravity over the East anomaly is in excess of 100 million tonnes".
Geological Update and Interpretation
SFM has completed 2,697-m of new drilling utilizing oriented core techniques and down hole surveys that provide temperature measurements and magnetic field readings. Paul Ransom, P.Geo. has carried out detailed logging and a review of all core collected and has also re-visited selected intervals from drill holes finished in 2004, 2012 and 2013 to complement the developing geological model.
The structural model of the East target has evolved to become increasingly complex as a result of the new information. In addition to deep offsetting low angle normal faults and steeply dipping normal faults, several zones of locally intense folding are observed. The current geologic interpretation is presented in cross section on Figure 3 and indicates post depositional folding, thickening and faulting of the mass. Tectonic thickening like this has been observed at many other massive sulphide deposits around the world, including Sullivan. The cross section is a projection of drill holes and surface information over a one-km width. Therefore, the actual distance between individual drill holes, the target and other geological features is variable, however it appropriately shows that the East Target and its mass can be readily accommodated in the 3-dimensional volume under the observed gravity anomaly.
The volume of rock tested by drilling to date is enormous and the potential to host the target mass can easily be contained within it. As drilling has progressed over time the model has developed to a point where other historic observations may become important. Among those is the presence of anomalous zinc and lead in surface soil geochemistry surveys above and to the east of the mass, as shown on Figure 2. The geochemical anomaly is 'open' to the west highlighting a zone where the target horizon may extend to surface.
The Company's focus in 2014 has been the East Target, selected initially for its large-scale and ease of drilling from established collar locations using techniques perfected to minimize hole deviation. Based on the results of the new geophysical work and updated geological model, the Company will re-mobilize a drill to the site to commence DDH SU14-10 shortly (see Figure 3). The planned hole is expected to test the target at less than 500-m in depth and will be aimed toward the gravity centre north of the section. The West Target also remains extremely compelling - additional gravity survey work will be undertaken to provide a more detailed profile of that mass in order to design the most effective drilling plan.
Paul Ransom, P.Geo, Sully Project Manager stated, "The Sully Project presents one of the best exploration targets of Sullivan size that I have seen in my career. Located at equivalent Sullivan-time stratigraphy where successive gravity surveys continue to confirm and refine Sullivan-scale masses and combine to make this a compelling exploration program. The East target has recently shown us more complexity than originally imagined, but not unusually so for this target type. Having completed a pragmatic exploration drilling program to date, we have now pinpointed the best location to pierce the East mass target".
The Sully project
Sully is located near Fort Steele, 30 kilometres east of the Sullivan mine at Kimberley, B.C. and within the same large geologic basin that is prospective for one of the world's mega-, but also several smaller, SEDEX deposits. The East mass is located at the same stratigraphic position equivalent to Sullivan Time with observed lead and zinc mineralization in drill core, outcrop and soils. Further, the large-scale gravity mass anomalies are near coincident with deep magnetic anomalies. Management believes the best explanation for the twin mass anomalies is the presence of two very large and structurally complex SEDEX massive sulphide bodies yet to be discovered by drilling. The last hole completed DDHSU14-09 is estimated to have come within 100-m of the massive sulphide target and new, more detailed gravity surveying has helped to pinpoint the location and likely shape of the East Target.
The Sullivan mine
Sullivan was discovered in 1892 and is one of the world's mega silver-lead-zinc SEDEX deposits. 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., and Brian Jones, P.Geophys., both qualified persons as defined by National Instrument 43-101.
To view the accompanying figures, visit the following link:
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Santa Fe Metals Corporation
Scott E. Broughton, P.Eng.
President and CEO
Fortunately, meaningful and tangible business cases for IoT are plentiful in a broad array of industries and vertical markets. These range from simple warranty cost reduction for capital intensive assets, to minimizing downtime for vital business tools, to creating feedback loops improving product design, to improving and enhancing enterprise customer experiences. All of these business cases, which will be briefly explored in this session, hinge on cost effectively extracting relevant data from ...
Feb. 8, 2016 03:00 PM EST
SYS-CON Events announced today that VAI, a leading ERP software provider, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. VAI (Vormittag Associates, Inc.) is a leading independent mid-market ERP software developer renowned for its flexible solutions and ability to automate critical business functions for the distribution, manufacturing, specialty retail and service sectors. An IBM Premier Business Part...
Feb. 8, 2016 03:00 PM EST Reads: 565
In most cases, it is convenient to have some human interaction with a web (micro-)service, no matter how small it is. A traditional approach would be to create an HTTP interface, where user requests will be dispatched and HTML/CSS pages must be served. This approach is indeed very traditional for a web site, but not really convenient for a web service, which is not intended to be good looking, 24x7 up and running and UX-optimized. Instead, talking to a web service in a chat-bot mode would be muc...
Feb. 8, 2016 02:00 PM EST Reads: 199
SYS-CON Events announced today that Catchpoint Systems, Inc., a provider of innovative web and infrastructure monitoring solutions, has been named “Silver Sponsor” of SYS-CON's DevOps Summit at 18th Cloud Expo New York, which will take place June 7-9, 2016, at the Javits Center in New York City, NY. Catchpoint is a leading Digital Performance Analytics company that provides unparalleled insight into customer-critical services to help consistently deliver an amazing customer experience. Designed...
Feb. 8, 2016 02:00 PM EST Reads: 336
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
Feb. 8, 2016 02:00 PM EST Reads: 368
More and more companies are looking to microservices as an architectural pattern for breaking apart applications into more manageable pieces so that agile teams can deliver new features quicker and more effectively. What this pattern has done more than anything to date is spark organizational transformations, setting the foundation for future application development. In practice, however, there are a number of considerations to make that go beyond simply “build, ship, and run,” which changes ho...
Feb. 8, 2016 01:30 PM EST Reads: 163
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 ad...
Feb. 8, 2016 12:45 PM EST Reads: 352
Advances in technology and ubiquitous connectivity have made the utilization of a dispersed workforce more common. Whether that remote team is located across the street or country, management styles/ approaches will have to be adjusted to accommodate this new dynamic. In his session at 17th Cloud Expo, Sagi Brody, Chief Technology Officer at Webair Internet Development Inc., focused on the challenges of managing remote teams, providing real-world examples that demonstrate what works and what do...
Feb. 8, 2016 12:30 PM EST Reads: 226
As enterprises work to take advantage of Big Data technologies, they frequently become distracted by product-level decisions. In most new Big Data builds this approach is completely counter-productive: it presupposes tools that may not be a fit for development teams, forces IT to take on the burden of evaluating and maintaining unfamiliar technology, and represents a major up-front expense. In his session at @BigDataExpo at @ThingsExpo, Andrew Warfield, CTO and Co-Founder of Coho Data, will dis...
Feb. 8, 2016 12:30 PM EST Reads: 131
SYS-CON Events announced today that Men & Mice, the leading global provider of DNS, DHCP and IP address management overlay solutions, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. The Men & Mice Suite overlay solution is already known for its powerful application in heterogeneous operating environments, enabling enterprises to scale without fuss. Building on a solid range of diverse platform support,...
Feb. 8, 2016 12:00 PM EST Reads: 146
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Feb. 8, 2016 10:45 AM EST Reads: 377
SYS-CON Events announced today that AppNeta, the leader in performance insight for business-critical web applications, will exhibit and present at SYS-CON's @DevOpsSummit at Cloud Expo New York, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. AppNeta is the only application performance monitoring (APM) company to provide solutions for all applications – applications you develop internally, business-critical SaaS applications you use and the networks that deli...
Feb. 8, 2016 10:15 AM EST Reads: 355
It's easy to assume that your app will run on a fast and reliable network. The reality for your app's users, though, is often a slow, unreliable network with spotty coverage. What happens when the network doesn't work, or when the device is in airplane mode? You get unhappy, frustrated users. An offline-first app is an app that works, without error, when there is no network connection.
Feb. 8, 2016 09:45 AM EST Reads: 164
Father business cycles and digital consumers are forcing enterprises to respond faster to customer needs and competitive demands. Successful integration of DevOps and Agile development will be key for business success in today’s digital economy. In his session at DevOps Summit, Pradeep Prabhu, Co-Founder & CEO of Cloudmunch, covered the critical practices that enterprises should consider to seamlessly integrate Agile and DevOps processes, barriers to implementing this in the enterprise, and pr...
Feb. 8, 2016 09:30 AM EST Reads: 324
The cloud promises new levels of agility and cost-savings for Big Data, data warehousing and analytics. But it’s challenging to understand all the options – from IaaS and PaaS to newer services like HaaS (Hadoop as a Service) and BDaaS (Big Data as a Service). In her session at @BigDataExpo at @ThingsExpo, Hannah Smalltree, a director at Cazena, will provide an educational overview of emerging “as-a-service” options for Big Data in the cloud. This is critical background for IT and data profes...
Feb. 8, 2016 09:30 AM EST Reads: 148