Click here to close now.


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:

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

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
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
With all the incredible momentum behind the Internet of Things (IoT) industry, it is easy to forget that not a single CEO wakes up and wonders if “my IoT is broken.” What they wonder is if they are making the right decisions to do all they can to increase revenue, decrease costs, and improve customer experience – effectively the same challenges they have always had in growing their business. The exciting thing about the IoT industry is now these decisions can be better, faster, and smarter. Now ...
The Internet of Things is clearly many things: data collection and analytics, wearables, Smart Grids and Smart Cities, the Industrial Internet, and more. Cool platforms like Arduino, Raspberry Pi, Intel's Galileo and Edison, and a diverse world of sensors are making the IoT a great toy box for developers in all these areas. In this Power Panel at @ThingsExpo, moderated by Conference Chair Roger Strukhoff, panelists discussed what things are the most important, which will have the most profound...
In today's enterprise, digital transformation represents organizational change even more so than technology change, as customer preferences and behavior drive end-to-end transformation across lines of business as well as IT. To capitalize on the ubiquitous disruption driving this transformation, companies must be able to innovate at an increasingly rapid pace. Traditional approaches for driving innovation are now woefully inadequate for keeping up with the breadth of disruption and change facin...
Growth hacking is common for startups to make unheard-of progress in building their business. Career Hacks can help Geek Girls and those who support them (yes, that's you too, Dad!) to excel in this typically male-dominated world. Get ready to learn the facts: Is there a bias against women in the tech / developer communities? Why are women 50% of the workforce, but hold only 24% of the STEM or IT positions? Some beginnings of what to do about it! In her Day 2 Keynote at 17th Cloud Expo, San...
Discussions of cloud computing have evolved in recent years from a focus on specific types of cloud, to a world of hybrid cloud, and to a world dominated by the APIs that make today's multi-cloud environments and hybrid clouds possible. In this Power Panel at 17th Cloud Expo, moderated by Conference Chair Roger Strukhoff, panelists addressed the importance of customers being able to use the specific technologies they need, through environments and ecosystems that expose their APIs to make true ...
In his General Session at DevOps Summit, Asaf Yigal, Co-Founder & VP of Product at, explored the value of Kibana 4 for log analysis and provided a hands-on tutorial on how to set up Kibana 4 and get the most out of Apache log files. He examined three use cases: IT operations, business intelligence, and security and compliance. Asaf Yigal is co-founder and VP of Product at log analytics software company In the past, he was co-founder of social-trading platform Currensee, which...
PubNub has announced the release of BLOCKS, a set of customizable microservices that give developers a simple way to add code and deploy features for realtime apps.PubNub BLOCKS executes business logic directly on the data streaming through PubNub’s network without splitting it off to an intermediary server controlled by the customer. This revolutionary approach streamlines app development, reduces endpoint-to-endpoint latency, and allows apps to better leverage the enormous scalability of PubNu...
Microservices are a very exciting architectural approach that many organizations are looking to as a way to accelerate innovation. Microservices promise to allow teams to move away from monolithic "ball of mud" systems, but the reality is that, in the vast majority of organizations, different projects and technologies will continue to be developed at different speeds. How to handle the dependencies between these disparate systems with different iteration cycles? Consider the "canoncial problem"...
Culture is the most important ingredient of DevOps. The challenge for most organizations is defining and communicating a vision of beneficial DevOps culture for their organizations, and then facilitating the changes needed to achieve that. Often this comes down to an ability to provide true leadership. As a CIO, are your direct reports IT managers or are they IT leaders? The hard truth is that many IT managers have risen through the ranks based on their technical skills, not their leadership ab...
I recently attended and was a speaker at the 4th International Internet of @ThingsExpo at the Santa Clara Convention Center. I also had the opportunity to attend this event last year and I wrote a blog from that show talking about how the “Enterprise Impact of IoT” was a key theme of last year’s show. I was curious to see if the same theme would still resonate 365 days later and what, if any, changes I would see in the content presented.
Apps and devices shouldn't stop working when there's limited or no network connectivity. Learn how to bring data stored in a cloud database to the edge of the network (and back again) whenever an Internet connection is available. In his session at 17th Cloud Expo, Ben Perlmutter, a Sales Engineer with IBM Cloudant, demonstrated techniques for replicating cloud databases with devices in order to build offline-first mobile or Internet of Things (IoT) apps that can provide a better, faster user e...
Container technology is shaping the future of DevOps and it’s also changing the way organizations think about application development. With the rise of mobile applications in the enterprise, businesses are abandoning year-long development cycles and embracing technologies that enable rapid development and continuous deployment of apps. In his session at DevOps Summit, Kurt Collins, Developer Evangelist at, examined how Docker has evolved into a highly effective tool for application del...
In recent years, at least 40% of companies using cloud applications have experienced data loss. One of the best prevention against cloud data loss is backing up your cloud data. In his General Session at 17th Cloud Expo, Sam McIntyre, Partner Enablement Specialist at eFolder, presented how organizations can use eFolder Cloudfinder to automate backups of cloud application data. He also demonstrated how easy it is to search and restore cloud application data using Cloudfinder.
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, 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 ...