|By Marketwired .||
|July 23, 2014 06:47 PM EDT||
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:
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.
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
Santa Fe Metals Corp.
Scott E. Broughton, P.Eng.
President and CEO
Who are you? How do you introduce yourself? Do you use a name, or do you greet a friend by the last four digits of his social security number? Assuming you don’t, why are we content to associate our identity with 10 random digits assigned by our phone company? Identity is an issue that affects everyone, but as individuals we don’t spend a lot of time thinking about it. In his session at @ThingsExpo, Ben Klang, Founder & President of Mojo Lingo, will discuss the impact of technology on identity....
Oct. 7, 2015 08:30 AM EDT Reads: 421
The APN DevOps Competency highlights APN Partners who demonstrate deep capabilities delivering continuous integration, continuous delivery, and configuration management. They help customers transform their business to be more efficient and agile by leveraging the AWS platform and DevOps principles.
Oct. 7, 2015 08:15 AM EDT Reads: 101
As the world moves towards more DevOps and microservices, application deployment to the cloud ought to become a lot simpler. The microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. In his session at 17th Cloud Expo, Raghavan "Rags" Srinivas, an Architect/Developer Evangeli...
Oct. 7, 2015 08:00 AM EDT Reads: 124
Developing software for the Internet of Things (IoT) comes with its own set of challenges. Security, privacy, and unified standards are a few key issues. In addition, each IoT product is comprised of at least three separate application components: the software embedded in the device, the backend big-data service, and the mobile application for the end user's controls. Each component is developed by a different team, using different technologies and practices, and deployed to a different stack/...
Oct. 7, 2015 08:00 AM EDT Reads: 138
SYS-CON Events announced today that Key Information Systems, Inc. (KeyInfo), a leading cloud and infrastructure provider offering integrated solutions to enterprises, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Key Information Systems is a leading regional systems integrator with world-class compute, storage and networking solutions and professional services for the most advanced softwa...
Oct. 7, 2015 07:45 AM EDT Reads: 344
NHK, Japan Broadcasting will feature upcoming @ThingsExpo Silicon Valley in a special IoT documentary which will be filmed on the expo floor November 3 to 5, 2015 in Santa Clara. NHK is the sole public TV network in Japan equivalent to BBC in UK and the largest in Asia with many award winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology covering @ThingsExpo Silicon Valley. The program will be aired during the highest viewership season of ...
Oct. 7, 2015 07:45 AM EDT Reads: 104
WebRTC is about the data channel as much as about video and audio conferencing. However, basically all commercial WebRTC applications have been built with a focus on audio and video. The handling of “data” has been limited to text chat and file download – all other data sharing seems to end with screensharing. What is holding back a more intensive use of peer-to-peer data? In her session at @ThingsExpo, Dr Silvia Pfeiffer, WebRTC Applications Team Lead at National ICT Australia, will look at di...
Oct. 7, 2015 07:30 AM EDT Reads: 515
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Oct. 7, 2015 06:45 AM EDT Reads: 741
WebRTC converts the entire network into a ubiquitous communications cloud thereby connecting anytime, anywhere through any point. In his session at WebRTC Summit,, Mark Castleman, EIR at Bell Labs and Head of Future X Labs, will discuss how the transformational nature of communications is achieved through the democratizing force of WebRTC. WebRTC is doing for voice what HTML did for web content.
Oct. 7, 2015 06:15 AM EDT Reads: 1,336
SYS-CON Events announced today that Luxoft Holding, Inc., a leading provider of software development services and innovative IT solutions, has been named “Bronze Sponsor” of SYS-CON's @ThingsExpo, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Luxoft’s software development services consist of core and mission-critical custom software development and support, product engineering and testing, and technology consulting.
Oct. 7, 2015 05:15 AM EDT Reads: 557
In today's digital world, change is the one constant. Disruptive innovations like cloud, mobility, social media, and the Internet of Things have reshaped the market and set new standards in customer expectations. To remain competitive, businesses must tap the potential of emerging technologies and markets through the rapid release of new products and services. However, the rigid and siloed structures of traditional IT platforms and processes are slowing them down – resulting in lengthy delivery ...
Oct. 7, 2015 05:00 AM EDT Reads: 982
According to Forrester, public cloud platforms are evolving, blurring the lines between Software as a Service (SaaS), Infrastructure as a Service (IaaS), and Platform as a Service (PaaS) in order to satisfy the needs of enterprises and widen their appeal to developers. In The Forrester Wave™: Enterprise Public Cloud Platforms, Q4 2014, Forrester evaluates the 16 most significant Enterprise Public Cloud Platforms and details how each vendor fulfills the 19 evaluation criteria points.
Oct. 7, 2015 05:00 AM EDT Reads: 824
The broad selection of hardware, the rapid evolution of operating systems and the time-to-market for mobile apps has been so rapid that new challenges for developers and engineers arise every day. Security, testing, hosting, and other metrics have to be considered through the process. In his session at Big Data Expo, Walter Maguire, Chief Field Technologist, HP Big Data Group, at Hewlett-Packard, will discuss the challenges faced by developers and a composite Big Data applications builder, foc...
Oct. 7, 2015 04:00 AM EDT Reads: 452
Nowadays, a large number of sensors and devices are connected to the network. Leading-edge IoT technologies integrate various types of sensor data to create a new value for several business decision scenarios. The transparent cloud is a model of a new IoT emergence service platform. Many service providers store and access various types of sensor data in order to create and find out new business values by integrating such data.
Oct. 7, 2015 03:30 AM EDT Reads: 457
The modern software development landscape consists of best practices and tools that allow teams to deliver software in a near-continuous manner. By adopting a culture of automation, measurement and sharing, the time to ship code has been greatly reduced, allowing for shorter release cycles and quicker feedback from customers and users. Still, with all of these tools and methods, how can teams stay on top of what is taking place across their infrastructure and codebase? Hopping between services a...
Oct. 7, 2015 03:00 AM EDT Reads: 401