Filo Mining Intersects 0.58% Copper Over 1,356 Metres

Filo Mining (TSX: FIL) continues to see positive results from its drill program being conducted at the Filo del Sol Project in Argentina. The firm this morning released the assay results of two further drill holes.

Highlights from the results include:

  • FSDH062: 0.40% copper, 0.29 g/t gold, 4.5 g/t silver over 1,313.2 metres, including 0.51% copper, 0.35 g/t gold and 6.4 g/t silver over 520.4 metres
  • FSDH064: 0.58% copper, 0.53 g/t gold, 14.4 g/t silver over 1,356 metres, including 0.86% copper, 0.84 g/t gold and 7.8 g/t silver over 424.0 metres

The holes were reportedly drilled into the Aurora Zone, with the distance between the two drill holes being 420 metres. Zones at the Filo del Sol project are said to be typically contain porphyry-style mineralization.

Current drilling is said to be focused on expanding the current resource estimate, with hole FSDH062 drilled outside of the current resource estimate area. Hole FSDH064 meanwhile was within the current resource area to a depth of 438 metres and intersected mineralization consistent with the resource grade.

Drilling continues at the project, with the company said to be drilling a mix of large and small step-outs to both the north and south of the Aurora Zone, while also conducting resource definition.

Filo Mining last traded at $18.16 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.

Leave a Reply