Filo Mining Intersects 1.26% Copper Equivalent Over 1,223.5 Metres At Filo del Sol

Filo Mining Corp. (TSX: FIL) announced on Wednesday a highlight drill result from a single hole out of its Filo del Sol project. The drill hole assayed a wide intersection of 1.26% copper equivalent over 1,223.5 metres.

“Hole 54 is one of the best holes drilled to date at Filo del Sol,” said CEO Jamie Beck. “It confirms the extension of the high-grade breccia intersected last season in Hole 41 and starts to give us an idea of the geometry and extent of this zone.”

The assay highlighted carries metal grades of 0.71% copper, 0.54 g/t gold, and 18.0 g/t silver.

The intersect made by hole FSDH054 includes 2.04% copper equivalent over 592.0 metres and 3.22% copper equivalent over 171.5 metres.

Hole FSDH054 is 60 metres to the east of and parallel to the previously drilled hole FSDH041, which had a highlight assay of 2.23% copper equivalent over 670.0 metres. The recent intersect gives the firm a reason to believe that the area covered by both holes–which it refers to as the Breccia 41–is “wide open at depth.”

The mining firm added two diamond drills to the program in February, while plans are being drafted to add 4 rigs by mid-year resulting into 11 rigs on the property moving forward.

Filo Mining Corp. last traded at $15.85 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

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

Giant Mining Encounters Native Copper As Hole MHB-34 Hits 563 Metres Depth

Verses Hits Commercialization Stage With Genius AI Platform

Related News

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...

Thursday, November 24, 2022, 08:20:03 AM

Filo Mining Intercepts 1,449 Metres Of 0.41% Copper

Filo Mining (TSX: FIL) continues to hit extensive intervals of copper mineralization at its flagship...

Friday, January 26, 2024, 08:49:19 AM

Filo Mining Hits 9.11% Copper Over 11.1 Metres Before Hole Terminated

Filo Mining (TSX: FIL) continues to see strong results from its drill program at the...

Friday, May 13, 2022, 09:02:34 AM

Filo Mining Intersects 0.81% Copper, 0.33 g/t Gold Over 701 Metres

Filo Mining (TSX: FILO) has released its latest assay results from ongoing drilling at its...

Wednesday, August 24, 2022, 09:11:56 AM

Filo Mining: BMO Lifts Price Target To $28 Following Assay Results

This past week, Filo Mining Corp. (TSX: FIL) reported its updated assay results from three...

Sunday, April 24, 2022, 05:01:00 PM