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santa fe metals corp (SFM) Details

Santa Fe Metals Corp., together with its subsidiaries, acquires, explores, and develops mineral properties in Mexico. The company primarily explores for gold, silver, copper, zinc, and lead ores. It holds a 100% interest in the Cuatro Ciénegas, a copper oxide deposit that consists of 6 concessions totaling approximately 3,408 hectares located to the northeast of the city of Torreón in the State of Coahuila, Mexico. The company was formerly known as Tequila Minerals Corp. and changed its name to Santa Fe Metals Corp. in February 2008. Santa Fe Metals Corp. was incorporated in 2006 and is based in Vancouver, Canada.

Founded in 2006

santa fe metals corp (SFM) Top Compensated Officers

Chief Financial Officer and Director
Total Annual Compensation: C$75.0K
Compensation as of Fiscal Year 2013.

santa fe metals corp (SFM) Key Developments

Santa Fe Metals Corp. Announces Drilling Results

Santa Fe Metals Corp. announced that its Sully project team has completed a detailed review of new gravity survey data and core drilled in 2014 at the East Target. The month-long program highlights that drill hole SU14-09 likely passed within 100-m of the large-scale East mass and has brought the target's geometry into sharper definition. Based on the recent comprehensive data review, SFM will remobilize a drill to the project site to pinpoint the East target with DDHSU14-10 as soon as possible. Detailed logging of 2,697-m of core has confirmed Sullivan-time equivalent stratigraphy. Geological interpretation shows potential for a large scale SEDEX deposit was subjected to post depositional folding, tectonic thickening and faulting. An additional 150 gravity measurements has further defined the East target's complex geometry and re-confirms an estimated mass in excess of 100 million tones. Down hole temperature and magnetic measurements observed in DDH SU14-09, in addition to the new gravity data indicates the hole passed within 100-m proximity of the East Target. Both East and West gravity masses have near-coincident deep mag anomalies. An historic zinc and lead soil geochemistry anomaly above and east of the East gravity target remains 'open' to the west. In nine drill holes completed since 2004 none of the intersections can account for the Sullivan-size gravity anomaly. The Sully project has been the focus of several gravity survey campaigns, all providing increased resolution and clarity of the target over time. Current interpretation shows East and West Targets, trending north-south and occupying a greater than 2-km diameter footprint. A cross-section through the anomalies also shows a separation of roughly 800-m within which some of the project's earliest deep drilling was undertaken. No intersections in any drilling to date can account for the gravity mass measurements or large-scale anomalies observed. The company has completed 2,697-m of new drilling utilizing oriented core techniques and down hole surveys that provide temperature measurements and magnetic field readings. Paul Ransom, P.Geo. has carried out detailed logging and a review of all core collected and has also re-visited selected intervals from drill holes finished in 2004, 2012 and 2013 to complement the developing geological model. The structural model of the East target has evolved to become increasingly complex as a result of the new information. In addition to deep offsetting low angle normal faults and steeply dipping normal faults, several zones of locally intense folding are observed. The current geologic interpretation is presented in cross section and indicates post depositional folding, thickening and faulting of the mass. Tectonic thickening like this has been observed at many other massive sulphide deposits around the world, including Sullivan. The cross section is a projection of drill holes and surface information over a one-km width. Therefore, the actual distance between individual drill holes, the target and other geological features is variable, however it appropriately shows that the East Target and its mass can be readily accommodated in the 3-dimensional volume under the observed gravity anomaly. The volume of rock tested by drilling to date is enormous and the potential to host the target mass can easily be contained within it. As drilling has progressed over time the model has developed to a point where other historic observations may become important. Among those is the presence of anomalous zinc and lead in surface soil geochemistry surveys above and to the east of the mass. The geochemical anomaly is 'open' to the west highlighting a zone where the target horizon may extend to surface.

Santa Fe Metals Corporation Provides Drilling Updates

Santa Fe Metals Corporation announced that drill hole SU14-09 has reached a completion depth of 735-m. The project team has determined that the large-scale East Target gravity mass is unlikely to be found on the drill hole's current trajectory and observed geology. The recent drill program has dramatically advanced understanding of the geological setting at the Sully Project but it did not discover massive sulphides. The company remains attracted to the targets because of compelling gravity and magnetic geophysical targets coincident with Sullivan Time horizon. Further, no rocks intersected in the drilling can account for the large-scale gravity mass anomaly demonstrated by several geophysical surveys. As a result, management believes the targets remain valid and highlights there are many places within the geological volume that remain to be tested by future drilling. Drill holes SU14-06 to 09 have produced an abundance of core that has been the subject of quick-logging and real-time assessment enabling the project team to make rapid decisions while drilling. The team has now elected to suspend drilling, complete documentation and refine interpretation of all new geological information. The work will be done over the next several weeks and when completed the company will announce its future plans for new drilling and/or other exploration for the project, including the East and West Targets.

Santa Fe Metals Corporation Announces Drilling Update

Santa Fe Metals Corporation announced that drill hole SU14-08 has reached a completion depth of 1,115-m. The project team has determined that the large-scale East Target gravity mass is likely hosted in stratigraphy immediately above the trace of the hole based on interpretation of new geological and geophysical data. DDH SU14-07 revealed that Aldridge Formation unit A1c is probably host to the East Target gravity mass but that hole continued through a repeating sequence of lower Aldridge rocks that served to offset the target to the east with increasing depth. DDH SU14-08 confirmed the presence of a large-scale vertical fault that offsets an overturned fold sequence. That sequence is likely further offset by low angle normal faults as interpreted in DDH SU14-07. The net effect of this complex structural setting is that the gravity mass target appears as a more moderately east dipping feature than originally conceived. DDH SU14-08 was stopped because it was unlikely to test the target until much greater depth. Updated gravity modeling using the latest geological interpretation has provided new insights to the East Gravity Mass size and its orientation. The target now resolves as a large-scale mass dipping roughly 45-degress to the east, with a centroid depth in the 800-m range as previously reported, but higher components to it at a depth of 500 to 600-m west of the centroid. A drill hole completed in 2004 (DDH SU04-03) to a depth of 442-m has been recently surveyed and is permitted for deepening. This hole is at an excellent location to test the East Gravity Mass Target as it is now modeled and the drill is being moved to this collar location and will commence drilling by May 28, 2014. The hole will be known as DDH SU14-09 and deepened by only 250-m to test the revised target volume immediately above DDH SU14-08.


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