Santana Minerals Cambodian Project comprises two exploration licenses targeting gold. The project is a free-carried joint venture with Emerald Resources, who are developing the 100Koz Au Okvau Mine, which is within close proximity to Santana’s Tenements.
The Phnom Kthung exploration license covers 210.75 Sq km and has three main prospects: Skar, Central, and Oh Tron, with the latter considered the most prospective and focus for exploration. High-grade rock-chip samples have been taken from the target (up to 38.3g/t Au) and soil sampling has outlined a 1km long >10ppb gold anomaly that warrants further exploration.
The Snoul exploration license covers 198 Sq km with soil sampling defining gold anomalism associated with granodioritic intrusives into the sedimentary rock sequences. The Anchor and Ok Pok are defined by gold-arsenic soil anomalism, which has been the focus of previous exploration. Drilling with RC and Diamond Coring methods included the following results:
- 4m @ 11.94g/t Au from 4m (SNRC002);
- 16m @ 2.93g/t Au from 4m (SNRC009);
- 12m @ 1.01g/t Au from 12m (SNRC010);
- 4.3m @ 4.76g/t Au from 147.2m (DD10ANC025).