Santa Fe Metals Trading Up Today after Don Indio Sampling Points to 'Potentially Huge' Copper, Silver Deposits

Santa Fe Metals Corp. (SFM.V) is up 0.5 cents at 4 cents a share this morning after reporting that channel sampling at its Don Indio project in Brazil produced intervals with grades of up to 5.86% copper and 901 grams of silver per ton.

"The Don Indio sampling program findings continue to confirm, and improve on, high grade historic data," Santa Fe CEO Ian Smith said in prepared remarks. "Verifying the continuity of mineralization along strike and down dip on both limbs of the anticline, joining several historical mine workings on the property is a priority for establishing a resource estimate on the property that is potentially huge."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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