Click here to close now.

Welcome!

News Feed Item

Santa Fe Metals: Iron Range Project Target Ranking Study

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/23/14 -- Santa Fe Metals Corp. (TSX VENTURE: SFM) ("SFM" or the "Company") announces that a detailed Ranking Study of numerous target areas is well underway for the 680-km2 Iron Range Project, located 70-km south west of the Sullivan Mine at Kimberley, British Columbia. Because of its size and recognized potential for iron and other metals, Iron Range has had significant, but often-sporadic exploration campaigns since discovery in the 1890's.

Modern exploration including geological mapping, airborne geophysics, extensive geochemical surveys and diamond drilling has confirmed the property's great potential for base and precious metals. The Ranking Study is the first comprehensive and project-wide effort to compile and assess all past work and will ultimately lead to the definition of new drill targets in this prolific metal mining region.

Iron Range hosts the same stratigraphic rock assemblage as the historic Sullivan Mine, one of the largest sedimentary exhalative (SEDEX) silver-lead-zinc deposits in the world and it also encompasses 57-km of the regional-scale Iron Range fault complex. As a result, the property is very prospective for other base and precious metal deposit types. TerraLogic Exploration Inc. of Cranbrook, BC is completing the Ranking Study that has initially defined three prime areas for more detailed study. These high-priority areas have large-scale potential for metals because of their observed geological setting and now compiled exploration results, and include:

CAR Area

The CAR Area is a Sullivan-style SEDEX target with excellent access, located 7.5-km south of HWY 3. Importantly, a well-defined zone of Sullivan-style mineralized fragmentals within middle Aldridge Formation rocks are coincident with classic SEDEX alteration and anomalous lead and zinc mineralization. Exploration drilling in the CAR area provides stratigraphic information but newly identified mineralized trends have no drilling. Importantly, the Lower Middle Aldridge Formation Contact (LMC), which is also a target horizon and estimated to be at depths of 500-m in the southern part of the CAR Area, has never been tested south of HWY 3.

Canyon Area

The Canyon Area, located 2.5-km north of HWY 3, is a high-priority target for Sullivan-style SEDEX in addition to structurally-controlled base and precious metal mineralization. This area has had drill testing of large geochemical anomalies and has intersected Sullivan-style alteration coincident with LMC, both near and at distance to the Iron Range Fault. Important drill results have been recorded at the Talon Zone in 2010, including IR10-010, which intersected 14.0m grading 5.1 g/t gold, 1.86% lead, 2.1% zinc and 75.3 g/t silver. Hurried follow up drilling was conducted by others without geological interpretation, highlighting the need and opportunity for more thoughtful assessment of this area.

Golden Cap Area

The Golden Cap Area is an IOCG (Iron Oxide Copper Gold) exploration target located 13-km north of HWY 3, with good access. The area is characterized by the abundance of iron oxide mineralization and is coincident with a major offset of the Iron Range Fault. Intersecting large-scale structures create opportunities for structurally-controlled mineralization and the area has an extensive zone of hydrothermal brecciation and associated alteration. While exploring for iron-rich mineralization at the O-Ray zone in 2008, diamond drill hole IR08-006 intersected bonanza gold grades near surface, returning 51.52 g/t gold over 7.0-m. The Golden Cap area will be advanced by more systematic exploration to assess target deposit styles, controls on mineralization and to define drill targets.

Iron Range Summary

While notable exploration results at Iron Range indicate the potential to host large-scale SEDEX-style, IOCG and structurally-controlled base and precious metal mineralization, each of the priority areas defined by the Ranking Study requires greater geological interpretation to be properly advanced. Much of the exploration data is now in digital form and contained within a GIS database. The property has been expertly assembled into a contiguous package with many potential targets. More detailed geological mapping and ground proofing to be completed in 2014 will advance the three priority areas to the drill ready stage. Management believes this work will produce compelling new geological models and exciting drill targets.

A complete description of previous exploration results for Iron Range can be viewed at: http://www.eagleplains.com/projects/bc/ironrange/

Update on Sully Project

SFM plans to re-commence drilling shortly at its Sully Project located near Fort Steele and 30 km east of the Sullivan Mine at Kimberley, BC. Sully hosts twin, large-scale, parallel geophysical targets that do not outcrop on surface. The 'blind' targets are well defined by detailed gravity surveys completed over much of the property and recent drilling is estimated to have come within 100-m of the East Target. Both targets are made compelling by coincident parallel magnetic anomalies, and the East Target is now known to coincide with equivalent Sullivan Time stratigraphy.

Management is excited about the Iron Range project's potential to host Sullivan-type massive sulphides, IOCG mineralization and bonanza-grade gold, and is committed to advancing exploration at both the Iron Range and Sully. Scott Broughton, President and CEO commented; "The Iron Range project demonstrably expands on the discovery potential for SFM in this prolific base and precious metal region of British Columbia."

Technical contents of the Iron Range Project disclosure in this news release have been reviewed and approved by Charles Downie, 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 the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Scott E. Broughton, P.Eng., President and CEO

Contacts:
Santa Fe Metals Corp.
Scott E. Broughton, P.Eng.
President and CEO
604.684.2900
www.santafemetals.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises ar...
The 5th International DevOps Summit, co-located with 17th International Cloud Expo – being held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the ...
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development...
IT data is typically silo'd by the various tools in place. Unifying all the log, metric and event data in one analytics platform stops finger pointing and provides the end-to-end correlation. Logs, metrics and custom event data can be joined to tell the holistic story of your software and operations. For example, users can correlate code deploys to system performance to application error codes. In his session at DevOps Summit, Michael Demmer, VP of Engineering at Jut, will discuss how this can...
"Plutora provides release and testing environment capabilities to the enterprise," explained Dalibor Siroky, Director and Co-founder of Plutora, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The 17th International Cloud Expo has announced that its Call for Papers is open. 17th International Cloud Expo, to be held November 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, APM, APIs, Microservices, Security, Big Data, Internet of Things, DevOps and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding bu...
"AgilData is the next generation of dbShards. It just adds a whole bunch more functionality to improve the developer experience," noted Dan Lynn, CEO of AgilData, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
The basic integration architecture, as defined by ESBs, hasn’t changed for more than a decade. Most cloud integration providers still rely on an ESB architecture and their proprietary connectors. As a result, enterprise integration projects suffer from constraints of availability and reliability of these connectors that are not re-usable across other integration vendors. However, the rapid adoption of APIs and almost ubiquitous availability of APIs amongst most SaaS and Cloud applications are ra...
SYS-CON Events announced today that Secure Infrastructure & Services will exhibit at SYS-CON's 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Secure Infrastructure & Services (SIAS) is a managed services provider of cloud computing solutions for the IBM Power Systems market. The company helps mid-market firms built on IBM hardware platforms to deploy new levels of reliable and cost-effective computing and hig...
"We help to transform an organization and their operations and make them more efficient, more agile, and more nimble to move into the cloud or to move between cloud providers and create an agnostic tool set," noted Jeremy Steinert, DevOps Services Practice Lead at WSM International, in this SYS-CON.tv interview at @DevOpsSummit, held June 9-11, 2015, at the Javits Center in New York City.
The most often asked question post-DevOps introduction is: “How do I get started?” There’s plenty of information on why DevOps is valid and important, but many managers still struggle with simple basics for how to initiate a DevOps program in their business. They struggle with issues related to current organizational inertia, the lack of experience on Continuous Integration/Delivery, understanding where DevOps will affect revenue and budget, etc. In their session at DevOps Summit, JP Morgenthal...
One of the hottest areas in cloud right now is DRaaS and related offerings. In his session at 16th Cloud Expo, Dale Levesque, Disaster Recovery Product Manager with Windstream's Cloud and Data Center Marketing team, will discuss the benefits of the cloud model, which far outweigh the traditional approach, and how enterprises need to ensure that their needs are properly being met.
The time is ripe for high speed resilient software defined storage solutions with unlimited scalability. ISS has been working with the leading open source projects and developed a commercial high performance solution that is able to grow forever without performance limitations. In his session at Cloud Expo, Alex Gorbachev, President of Intelligent Systems Services Inc., shared foundation principles of Ceph architecture, as well as the design to deliver this storage to traditional SAN storage co...
Overgrown applications have given way to modular applications, driven by the need to break larger problems into smaller problems. Similarly large monolithic development processes have been forced to be broken into smaller agile development cycles. Looking at trends in software development, microservices architectures meet the same demands. Additional benefits of microservices architectures are compartmentalization and a limited impact of service failure versus a complete software malfunction. ...
"We provide a web application framework for building really sophisticated web applications that run on a browser without any installation need so we get used for biotech, defense, and banking applications," noted Charles Kendrick, CTO and Chief Architect at Isomorphic Software, in this SYS-CON.tv interview at @DevOpsSummit (http://DevOpsSummit.SYS-CON.com), held June 9-11, 2015, at the Javits Center in New York