Santana is focused on exploration for silver and gold in Mexico and is currently exploring the Cuitaboca Project in Sinaloa State for the bulk tonnage silver potential in the stock-works of southern and central sectors of the project. Santana will pursue the high grade gold potential in the northern sector as infrastructure in the form of tracks and roadways advance.
Santana also owns the the Namiquipa (silver/lead/zinc) project in Chihuahua and may seek to farm-out an interest in it so as to focus on the Cuitaboca project.
Santana’s management and technical personnel have a long and successful record of precious metals exploration in Mexico. The “in country” knowledge and experience holds Santana in good stead to focus its effort and funds on “finding mines” in Mexico and maximising the value of its exploration budgets.
Located in Sinaloa State, Mexico the Cuitaboca silver + gold District (5,500ha) identifies and provides multiple exploration opportunities. The District is under-explored in modern terms despite geologic likeness to several large mines in Sinaloa and adjoining states. Santana is exploring for large low-sulphidation epithermal silver/gold systems.
High grade silver (up to 1,485g/t) + gold (up to 3.39g/t) and potential for lower grade bulk tonnage silver in stock-work zones, generally at flexure points in the veins, have been identified in the multiple (repeat) NW-SE trending surface vein exposure over a project north-south distance of >15km.
The gold appears in the system and more strongly in the higher elevations of the Northern Sector of the Cuitaboca Project where there are indications of a hydrothermal haematite system.
Santana is earning up to an 80% interest
The Namiquipa silver, lead, zinc project is in and around the historic La Venturosa silver mine in Chihuahua State. Phase 1 core drilling was undertaken from May 2011 to June 2012 for a total of 86 drill holes for 32,151 metres.