Santa Fe Minerals Ltd.'s Drilling Completes at Challa Base Metal VMS Targets

Santa Fe Minerals Limited is an Australia-based gold and base metals exploration company. The Company's projects include Mt Murray Base Metals Project, Challa North and Challa South. The Mt Murray Base Metals Project covers about nine kilometers (km) north south trending zone of poly- metallic copper-lead-zinc-silver-gold mineralization. The project area covers approximately 29 square kilometers and is located approximately 95 kilometers south-east of Onslow in the Ashburton region of Western Australia. The Company holds about seven granted exploration licenses across 463 square kilometers covering the Windamurra and Narndee Intrusions in Western Australia. The Challa North Project consists of Golden Girls Prospect, Yard Well Prospect and Boulder North Prospect. The Challa South Project covers the southern part of the Narndee LIC, and surrounding supracrustal rocks. The project covers a regional basin structure approximately 30 km wide and it includes Watson's Well-Vanadium prospect.