Filo Mining (TSX: FIL) continues to see strong results from its drill program at the flagship Filo del Sol copper-gold-silver project found in Chile and Argentina. The firm last night released details on a single drill hole, while providing an update on the overall drill program.
The latest drill hole to be reported by the company, FSDH057, was drilled to a total depth of 787.1 metres before ending before reaching target depth. Despite this, the company saw the hole intersect mineralization at 136.0 metres through to 787.1 metres, resulting in an intercept of 651.1 metres of 0.63% copper, 0.37 g/t gold, and 25.6 g/t silver, resulting in a copper equivalent grade of 1.12%.
Sub intervals within this intersect include:
- 289.1 metres of 1.18% copper, 0.68 g/t gold and 36.0 g/t silver for 2.0% copper equivalent from 498.0 metres
- 11.1 metres of 9.11% copper, 8.87 g/t gold and 230.4 g/t silver, or 17.60% copper equivalent from 776.0 metres
- 1.1 metres of 13.84% copper, 13.15 g/t gold and 507.0 g/t silver, or 27.9% copper equivalent
Notably, the major intersect of 17.60% copper equivalent over 11.1 metres ended at the point of termination of the drill hole due to the hole being truncated. The intercept entered the Breccia 41 zone at 776.0 metres. The hole is said to have extended the Breccia 41 zone 175 metres to the north.
The drill program currently is ongoing, with a total of seven drill rigs currently operational. Two holes are currently pending assays, both of which extended to depths beyond 1,000 metres.
Filo Mining last traded at $16.62 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.
