Filo Mining (TSX: FIL) continues to hit impressive intervals of copper mineralization at its flagship Filo del Sol project in Argentina. The company this morning published results from two separate drill holes that intersected over 1,000 metres of mineralization.
Highlights from the results include:
- FSDH075: 1,364.9 metres of 0.31% copper, 0.12 g/t gold, 2.90 g/t silver, or 0.42% copper equivalent
- FSDH076: 1,363.0 metres of 0.48% copper, 0.35 g/t gold, 3.90 g/t silver, or 0.77% copper equivalent
- FSDH079: 8.0 metres of 0.25% copper, 0.40 g/t gold, 8.90 g/t silver, or 0.61% copper equivalent
- FSDH081: 50.0 metres of 0.16% copper, 0.13 g/t gold, 7.20 g/t silver, or 0.32% copper equivalent
Hole 75, which was drilled at the Bonita Zone, extended strike 222 metres to the east and at depth, while leaving the zone open to expansion in all directions. The results are said to suggest that the Bonita and Aurora zones are part of the same system. Recent geophysical surveys meanwhile provide evidence that Bonita is the northern part of the system, suggesting the system is over 3.5 kilometres long.
“Our recently completed MT geophysical survey strongly indicates continuity between Aurora and Bonita across the undrilled gap of 1.3km between FSDH083 in the south and FSDH075 in the north. We are currently setting drills up to test this gap, which offers the potential to almost double the size of the deposit if the grade is there,” commented CEO Jamie Beck.
READ: Filo Mining Hits 0.70% Copper Equivalent Over An Eye-Popping 1,776 Metres
Hole 75 was drilled at Aurora, with geology said to correlate with other recent drilling in the zone. Hole 79 meanwhile was the first hole conducted at the Gemelos target, found 2.6 kilometres to the north east of hole 75. The results are said to warrant addition work as a result of the volcanic sedimentary sequence suggesting an epithermal system. Finally, hole 81 was the second hole conducted on the Flamenco target, with results suggesting further work is warranted at the target.
“The initial holes at the Gemelos and Flamenco targets were encouraging, and we will follow up on these areas once the winter season concludes,” continued Beck.
Filo Mining last traded at $21.16 on the TSX.
Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.
