Filo Mining (TSX: FIL) continues to hit significant intercepts at its Filo del Sol project in Chile. The company last night reported further results from the ongoing drill program, with a total of two holes released, including its best result to date.
Results released this morning include:
- FSDH055C: 1,337.5 metres of 0.66% copper, 0.54 g/t gold and 31.5 g/t silver, or 1.33% copper equivalent, from 150.0 metres.
- Including 536.0 metres of 1.25% copper, 0.95 g/t gold and 56.1 g/t silver, or 2.44% copper equivalent, from 540.0 metres
- FSDH059: 187.5 metres of 0.13% copper, 0.19 g/t gold and 6.2 g/t silver, or 0.33% copper equivalent from 124.0 metres.
To date, FSDH055C is said to represent the best drill hole conducted to date at the project, with the hole said to terminate in mineralization due to the drill reaching capacity.
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“It represents one of the thickest, highest-grade intervals drilled through the Aurora Zone, and confirms the continuity of the bonanza-grade Breccia 41 mineralization between holes 41 and 54 to the south, and hole 57 to the north. At almost 1.5km deep, and still strongly mineralized, hole 55C is a great reminder of not only the size and scale of the system, but also how much more there is to discover at Filo.” commented CEO Jamie Beck.
A total of eight drill rigs are currently on site, of which seven are diamond drill rigs and one is a reverse circulation rig. The company is currently focused on testing around recent high grade intercepts on the property, with continuity also being tested fir the Aurora Zone. Assays are said to be pending currently for a single hole
Filo Mining last traded at $23.50 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.
