Filo Mining Reports 1,776m at 0.70% CuEq and 1,297m at 1.00% CuEq
- Drillhole FSDH068A intersected 1,776.0m at 0.70% CuEq from a depth of 18.0m, including;
- 1,120.0m at 0.92% CuEq from 394.0m
- 724.2m at 1.08% CuEq from 574.0m
- The hole was stopped in low grade porphyry mineralization at 1,825.5m
- Drillhole FSDH069A intersected 1,296.5m at 1.00% CuEq from a depth of 138m, including;
-
31.0m at 127.0 g/t Ag from 404.0m in the
Silver Zone - 598.0m at 1.51% CuEq from 498.0m
- 94.0m at 3.01% CuEq from 792.0m
- The hole ended in strong mineralization at a depth of 1,434.5m due to rig capacity, with the final 20.5m averaging 0.58% CuEq (0.39% Cu, 0.25 g/t Au, 1.7 g/t Ag).
Commenting on the results,
HOLE-ID |
From (m) |
To (m) |
Length (m) |
Cu % |
Au g/t |
Ag g/t |
CuEq1 % |
FSDH068A |
18.0 |
1794.0 |
1776.0 |
0.45 |
0.30 |
4.0 |
0.70 |
incl |
54.0 |
94.0 |
40.0 |
0.65 |
0.92 |
8.1 |
1.39 |
incl |
394.0 |
1514.0 |
1120.0 |
0.59 |
0.38 |
5.3 |
0.92 |
incl |
574.0 |
1298.2 |
724.2 |
0.69 |
0.45 |
6.8 |
1.08 |
FSDH069A |
138.0 |
1434.5 |
1296.5 |
0.60 |
0.38 |
13.9 |
1.00 |
incl |
404.0 |
435.0 |
31.0 |
0.00 |
0.27 |
127.0 |
|
and incl |
498.0 |
1096.0 |
598.0 |
0.92 |
0.57 |
19.3 |
1.51 |
incl |
792.0 |
886.0 |
94.0 |
1.78 |
1.37 |
26.3 |
3.01 |
Mineralized zones within the |
|
FSDH068A was collared 140m east of hole FSDH054 on section 9200N, and drilled towards the west at an angle of -75 degrees. It was planned to test for the eastern and depth extension of the high-grade Breccia 41 Zone intersected in holes FSDH041, FSDH055C and FSDH054, all on this same section. The hole is entirely outside of the resource pit shell.
Similar to other holes on this section, it intersected volcaniclastic and coherent rhyolite from surface to a depth of about 540m where the main mineralized breccia was intersected. Included in this upper section is a well-mineralized breccia from 54m to 94m and a section of microdiorite which confirms the flat-lying nature of this sill in this part of the deposit area.
The hole continues in breccia to about 1,075m where the first porphyry dyke is intersected. This is followed by a mixed interval of porphyry and breccia to 1,277m where the hole enters a multi-phase porphyry interval which continues the end of the hole at 1,825.5m. A decrease in grade at
FSDH069A was drilled on Section 9400N, towards the west at an angle of -73 degrees from the same platform as FSDH057 with a slightly shallower angle to explore the high-grade zone which hole FSDH057 ended in. The hole is entirely outside of the resource pit shell.
The geology and grade distribution match that in FSDH057 very well, starting in moderately mineralized rhyolite cut by microdiorite intrusives and intersecting the
Drilling will remain a mix of both large and small step-outs to the north and south of our current interpretation of the
On behalf of
President and CEO
Filo del Sol is a high-sulphidation epithermal copper-gold-silver deposit associated with one or more large porphyry copper-gold systems. Overlapping mineralizing events combined with weathering effects, including supergene enrichment, have created several different styles of mineralization, including structurally controlled and breccia-hosted gold, manto-style high-grade silver (+/- copper) and high-grade supergene enriched copper within a broader envelope of disseminated, stockwork and breccia-hosted sulphide copper and gold mineralization. This complex geological history has created a heterogeneous orebody which is characterized by zones of very high-grade copper +/- gold +/- silver mineralization within a large envelope of more homogeneous, lower-grade mineralization.
The scientific and technical disclosure for the
Mineralized zones within the Filo del Sol deposit are typically flat-lying, or bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.
1
Copper Equivalent (CuEq) for drill intersections is calculated based on
Filo Mining Base Map with Sat Image
Filo Mining Long Section Plan Map
The Company's certified adviser on the Nasdaq First North Growth Market is
The information contained in this news release was accurate at the time of dissemination, but may be superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to update or revise the forward-looking information, whether as a result of new information, future events or otherwise.
This information was submitted by
Certain statements made and information contained herein in the news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking information"). The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Generally, this forward-looking information can frequently, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "projects", "budgets", "assumes", "strategy", "goals", "objectives", "potential", "possible", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "should", "might" or "will be taken", "will occur" or "will be achieved" or the negative connotations thereof. All statements other than statements of historical fact may be forward-looking statements.
The Company believes that the expectations reflected in the forward-looking information included in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Information contained in this news release is as of the date of this press release. In particular, this press release contains forward-looking information pertaining to assumptions made in the interpretation of drill results, geology, grade, geochemistry and continuity of mineral deposits; expectations regarding access and demand for equipment, skilled labour and services needed for exploration and development of mineral properties; and that activities will not be adversely disrupted or impeded by exploration, development, operating, regulatory, political, community, economic, environmental and/or healthy and safety risks. In addition, this news release may contain forward-looking statements or information pertaining to: potential exploration upside at the
Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral resources described can be profitably produced in the future.
The forward-looking statements contained in this news release are made as at the date of this news release and Filo does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws. Forward-looking information is provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. Forward-looking information is based on certain assumptions that the Company believes are reasonable, including that the current price of and demand for commodities will be sustained or will improve, the supply of commodities will remain stable, that the general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed on reasonable terms and that the Company will not experience any material labour dispute, accident, or failure of plant or equipment. These factors are not, and should not be construed as being, exhaustive. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All the forward-looking information contained in this document is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
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