Santa Fe Minerals Ltd. advises that assay results have now been received showing anomolus copper-zinc mineralisation. A total of 4 RC drill holes for 361m were completed at the Mt Carron copper - zinc target. RC holes, MCRC001 to 004, were drilled to test a 500m long combined Fixed Loop Electromagnetic (FLEM) target. A Fixed Loop Electromagnetic (FLEM) survey completed over the Mt Carron (N6) target in the September 2019 quarter returned two strong and two moderate conductors in an area of 500m x 200m. The top of the modelled conductors range from 50-100m depth. The Mt Carron target had not previously been drilled and is located 1.4km south of the outcropping Rosemary and Ann copper zinc prospects. MCRC001 was drilled to intersect FLEM A modelled plate at 100m depth. The drill hole intersected the approximate middle of the modelled plate with disseminated to patchy pyrite and pyrrhotite logged from 84m to 108m hosted in chert and shale above a altered felsic volcanic unit. Zinc mineralisation of 0.54% was intersected in the upper part of the sulphide zone from 84m to 96m. MCRC002 was drilled to intersect FLEM B modelled plate at 80m depth. The hole trajectory steepened from the planned dip and was drilled under the south western side of the modelled plate position. A narrow zone of pyrite and pyrrhotite logged from 56-72m is at the approximate depth of the projected plate position considered to represent similar mineralisation to that expected within the modelled plate. MCRC003 was drilled to intersect FLEM C modelled plate at 50m depth. Due to access issues the hole collar was moved to the south eastern edge of the plate and drilled vertically. MCRC003 intersected the edge of the modelled FLEM C plate about 25m north east of the upper edge of FLEM B plate. Disseminated to patchy pyrite and pyrrhotite was logged at the expected position from 48-64m hosted in chert and shale above an altered felsic volcanic unit. MCRC004 was drilled to test FLEM D modelled plate at 120m down hole depth. Due to drill rig technical issues, the hole was abandoned at 45m. A Moving Loop Electromagnetic (MLEM) survey completed at Yalanga Bore in the September 2019 quarter identified a steeply dipping conductor adjacent to historic shallow drilling with reported strongly anomalous copper and zinc. The modelled position of the MLEM conductor would not have been tested by the previous drilling. YBRC001 and YBRC001A were drilled to test YB MLEM C1 modelled conductor plate. YBRC001 was abandoned at 45m depth due to a drift in the hole azimuth which would result in the hole missing the target. YBRC001A was collared with a corrected azimuth and intersected immediately below the modelled plate position. Disseminated pyrite, pyrrhotite and trace chalcopyrite was logged from 112m to 117m corresponding with the best result of 8m from 112m @ 0.24% Cu and 0.2% Zn. While the Company believes that Mt Carron and Yalanga Bore targets have now been sufficiently tested, the regional potential for economic VMS style mineralisation has not yet been fully explored due to extensive cover.