Date: Nov 15, 2018

The company is planning to drill the targets at Watson’s Well, Pioneer/Windsor and Paynesville Central.

vanadium

More surface sampling results are expected soon

Santa Fe Minerals Ltd (ASX:SFM) has concluded an extensive mapping and surface sampling program at its Challa Project in Western Australia.

Challa Project area and prospects

Watson’s Well vanadium prospect

Detailed mapping of the Watson’s Well magnetic anomaly confirmed multiple magnetite layers within thick meta-gabbro and several pegmatite sills.

Grade variation from in-situ rock chip data for the cumulate magnetite layers vary between 1.64% and 0.31% V2O5 (22 samples).

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