InvestSMART

Santa Fe Minerals Ltd (ASX:SFM)

ALERT: Price-sensitive ASX Announcement for SFM
Current share price for SFM : $0.235 0.005 (2.17%)+
Announcement
Release
29 Oct 2026 8:51AM
Price at Release
$0.230
Full Release
download
Summary
Santa Fe Minerals Ltd (ASX: SFM) reported an exploration update for its Mankono Project in Côte d’Ivoire, focused on the Dialakoro permit, where first-pass stream sediment sampling across the entire permit identified broad gold anomalism in an area with no previous exploration and located along strike from the Abujar Gold project and immediately south of the Mankono Ouest permit. A total of 81 stream sediment samples of about 3–5kg were collected from active stream banks and analysed for ultra-low-level gold using Bulk Leach Extractable Gold (BLEG), returning three large anomalous gold areas with results ranging from 5ppb Au to a maximum of 18.1ppb Au. The company highlighted the prospectivity of the broader Mankono Project by referencing existing large geochemical anomalies and historical shallow drilling results at nearby Mankono Ouest, including high-grade intercepts and air-core mineralisation, although no drilling has yet been completed at Dialakoro. Santa Fe said the next exploration phase will involve termite mound and/or grid-based soil sampling over the anomalous zones to refine shallow auger and air-core drilling targets.
Key Points
  • Announcement dated 29 October 2026.
  • Santa Fe Minerals Ltd provided an exploration update on the Mankono Project in Côte d’Ivoire.
  • The update focused on the Dialakoro permit within the Mankono Project.
  • A first-pass stream sediment sampling program was completed over the entire Dialakoro permit.
  • A total of 81 samples were collected and analysed using the BLEG method for low-level gold.
  • Dialakoro had not been subject to previous exploration work.
  • Three anomalous gold areas were identified.
  • Gold results ranged from 5ppb Au to a maximum of 18.1ppb Au.
  • Dialakoro is located along strike from the Abujar Gold project and immediately south of Mankono Ouest.
  • Santa Fe referenced nearby Mankono Ouest gold anomalies and past drilling results as evidence of regional prospectivity.
  • No drilling was completed at Dialakoro as part of this program.
  • Planned follow-up work includes termite mound and/or grid-based soil sampling to define targets for shallow auger and air-core drilling.
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.