InvestSMART

Santa Fe Minerals Ltd (ASX:SFM)

ALERT: Price-sensitive ASX Announcement for SFM
Current share price for SFM : $0.235 -0.045 (-16.07%)+
Announcement
Release
16 Feb 2026 1:55PM
Price at Release
$0.280
Full Release
download
Summary
Santa Fe Minerals Ltd announced the commencement of a comprehensive drilling program at the Eburnea Gold Project, specifically targeting the Satama Gold prospect in Côte d'Ivoire. The project includes 33 planned drill holes combining diamond drill holes (DDH) and Reverse Circulation (RC) techniques aiming to explore the gold lodes over a 2 km strike length. This effort is part of a larger strategy to define a JORC resource. The Satama Permit, which is part of the Eburnea Gold Project, contains a series of gold anomalies over more than 20 km and is characterized by a Birimian orogenic gold system. Historical drilling results have shown promising gold grades, and the current program seeks to explore both the oxide and fresh bedrock zones further.
Key Points
  • Drilling commenced at the Eburnea Gold Project in Côte d'Ivoire.
  • 33 holes planned: 10 diamond drill holes and 23 Reverse Circulation.
  • Total of 7,700 meters of drilling over a 2 km strike length.
  • Program aims to define a JORC-compliant resource.
  • Satama Permit features a Birimian orogenic gold system.
  • Historic drilling indicates continuous gold mineralization.
  • Potential for stacked gold lodes at depth.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.