Santa Elina firms up targets at Fazenda Nova gold property

A first round of drilling has returned encouraging gold values from targets being tested at the Fazenda Nova property in Brazil.

Toronto-listed Santa Elina Gold carried out diamond drilling of 20 angle holes to an average depth of 80 metres on its 14,000-hectare property in Goias state.

The program focused on a northwest-trending mineralized shear zone, measuring 450 by 250 metres, in the Lavrinha target area.

Significant gold mineralization was encountered in 10 of the holes. Results are listed below.

Higher-grade mineralization, believed to be associated with southwest-northeast faulting, was also reported from intercepts within these mineralized intersections. For example, hole 23 contained a 9-metre intercept grading 7.6 grams gold per tonne, while hole 24 contained nearly 29 metres of 11.4 grams.

Santa Elina also drilled 414 auger holes on a 100-by-25-metre grid over soil and geophysical targets in an effort to link mineralization from the Lavrinha and Vital zones, and to examine extensions of the mineralization to the east and west.

Petrographic studies indicate mineralization occurs as fine-grained free gold around arsenopyrite crystals. Metallurgical studies are being carried out on both oxidized and fresh rock.

Santa Elina is planning a program of infill drilling on a 50-by-25-metre grid to define the gold mineralization and establish an open-pit resource.

The company also plans to test the deep-seated mineralization in the future. The property contains other secondary targets, and the potential for additional mineralization remains excellent.

HoleAngleDepthIntervalGrade

(deg)(m)(m)(g/tonne)

234580.162.81.89

244580.180.14.61

254588.519.01.10

284565.512.81.12

354596.033.52.21

3.61.57

3.72.15

364560.324.11.24

3745198.5173.01.16

3844114.6n/a1.08

394580.112.81.10

4045123.2n/a1.41