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.
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