|By Marketwired .||
|July 3, 2014 01:51 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
In his session at @DevOpsSummit at 19th Cloud Expo, Robert Doyle, lead architect at eCube Systems, will examine the issues and need for an agile infrastructure and show the advantages of capturing developer knowledge in an exportable file for migration into production. He will introduce the use of NXTmonitor, a next-generation DevOps tool that captures application environments, dependencies and start/stop procedures in a portable configuration file with an easy-to-use GUI. In addition to captu...
Oct. 21, 2016 04:00 PM EDT Reads: 1,457
Most of us already know that adopting new cloud applications can boost a business’s productivity by enabling organizations to be more agile and ready to change course in our fast-moving and connected digital world. But the rapid adoption of cloud apps and services also brings with it profound security threats, including visibility and control challenges that aren’t present in traditional on-premises environments. At the same time, the cloud – because of its interconnected, flexible and adaptable...
Oct. 21, 2016 04:00 PM EDT Reads: 2,670
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and...
Oct. 21, 2016 03:54 PM EDT
In past @ThingsExpo presentations, Joseph di Paolantonio has explored how various Internet of Things (IoT) and data management and analytics (DMA) solution spaces will come together as sensor analytics ecosystems. This year, in his session at @ThingsExpo, Joseph di Paolantonio from DataArchon, will be adding the numerous Transportation areas, from autonomous vehicles to “Uber for containers.” While IoT data in any one area of Transportation will have a huge impact in that area, combining senso...
Oct. 21, 2016 03:31 PM EDT
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
Oct. 21, 2016 03:15 PM EDT Reads: 255
Cognitive Computing is becoming the foundation for a new generation of solutions that have the potential to transform business. Unlike traditional approaches to building solutions, a cognitive computing approach allows the data to help determine the way applications are designed. This contrasts with conventional software development that begins with defining logic based on the current way a business operates. In her session at 18th Cloud Expo, Judith S. Hurwitz, President and CEO of Hurwitz & ...
Oct. 21, 2016 03:00 PM EDT Reads: 4,353
@ThingsExpo has been named the Top 5 Most Influential M2M Brand by Onalytica in the ‘Machine to Machine: Top 100 Influencers and Brands.' Onalytica analyzed the online debate on M2M by looking at over 85,000 tweets to provide the most influential individuals and brands that drive the discussion. According to Onalytica the "analysis showed a very engaged community with a lot of interactive tweets. The M2M discussion seems to be more fragmented and driven by some of the major brands present in the...
Oct. 21, 2016 03:00 PM EDT Reads: 11,142
In the next five to ten years, millions, if not billions of things will become smarter. This smartness goes beyond connected things in our homes like the fridge, thermostat and fancy lighting, and into heavily regulated industries including aerospace, pharmaceutical/medical devices and energy. “Smartness” will embed itself within individual products that are part of our daily lives. We will engage with smart products - learning from them, informing them, and communicating with them. Smart produc...
Oct. 21, 2016 02:30 PM EDT Reads: 1,399
As ridesharing competitors and enhanced services increase, notable changes are occurring in the transportation model. Despite the cost-effective means and flexibility of ridesharing, both drivers and users will need to be aware of the connected environment and how it will impact the ridesharing experience. In his session at @ThingsExpo, Timothy Evavold, Executive Director Automotive at Covisint, will discuss key challenges and solutions to powering a ride sharing and/or multimodal model in the a...
Oct. 21, 2016 02:15 PM EDT Reads: 1,427
In his keynote at 19th Cloud Expo, Sheng Liang, co-founder and CEO of Rancher Labs, will discuss the technological advances and new business opportunities created by the rapid adoption of containers. With the success of Amazon Web Services (AWS) and various open source technologies used to build private clouds, cloud computing has become an essential component of IT strategy. However, users continue to face challenges in implementing clouds, as older technologies evolve and newer ones like Docke...
Oct. 21, 2016 02:15 PM EDT Reads: 2,196
SYS-CON Events announced today that Embotics, the cloud automation company, will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Embotics is the cloud automation company for IT organizations and service providers that need to improve provisioning or enable self-service capabilities. With a relentless focus on delivering a premier user experience and unmatched customer support, Embotics is the fas...
Oct. 21, 2016 02:00 PM EDT Reads: 630
Just over a week ago I received a long and loud sustained applause for a presentation I delivered at this year’s Cloud Expo in Santa Clara. I was extremely pleased with the turnout and had some very good conversations with many of the attendees. Over the next few days I had many more meaningful conversations and was not only happy with the results but also learned a few new things. Here is everything I learned in those three days distilled into three short points.
Oct. 21, 2016 02:00 PM EDT Reads: 6,778
Without lifecycle traceability and visibility across the tool chain, stakeholders from Planning-to-Ops have limited insight and answers to who, what, when, why and how across the DevOps lifecycle. This impacts the ability to deliver high quality software at the needed velocity to drive positive business outcomes. In his general session at @DevOpsSummit at 19th Cloud Expo, Eric Robertson, General Manager at CollabNet, will discuss how customers are able to achieve a level of transparency that e...
Oct. 21, 2016 02:00 PM EDT Reads: 567
SYS-CON Events announced today that Coalfire will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Coalfire is the trusted leader in cybersecurity risk management and compliance services. Coalfire integrates advisory and technical assessments and recommendations to the corporate directors, executives, boards, and IT organizations for global brands and organizations in the technology, cloud, health...
Oct. 21, 2016 01:45 PM EDT Reads: 1,456
In his session at 19th Cloud Expo, Claude Remillard, Principal Program Manager in Developer Division at Microsoft, will contrast how his team used config as code and immutable patterns for continuous delivery of microservices and apps to the cloud. He will show the immutable patterns helps developers do away with most of the complexity of config as code-enabling scenarios such as rollback, zero downtime upgrades with far greater simplicity. He will also have live demos of building immutable pipe...
Oct. 21, 2016 01:30 PM EDT Reads: 1,462