Santana Minerals making some solid gains recently on the back of gold intercepts at the company’s Rise and Shine Deposit at the Bendigo-Ophir Project. The company has also recently upgraded the mineral resource at the project.
On 23 September the company announced that diamond drill hole MDD014 had intersected high grade gold mineralisation.
Five days later on 28 September the company announced that Inferred Gold Resources at the Bendigo-Ophir Project have increased 155% to 643,000 ounces.
The gold mineralisation intersected by MDD014 starts at 174m, so it isn’t near surface, but I like the grades. I get the feeling that SMI is flying under the radar a little. Market cap is only around $20 million even after the recent share price gains. Recent trading volume, although higher than usual, isn’t huge. This is an interesting little company for gold bugs looking for small caps with exploration potential.
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