Filo Mining receives best drill hole to date at Chilean copper deposit

Filo Mining Corp has announced assay results from two holes at its ongoing drilling campaign at the Filo del Sol Project in Chile, where one hole contains the best copper equivalent (CuEq) result to date.

Hole FSDH055C returned 1,337.5 metres at 1.33% CuEq from 150 metres, including: 126 metres at 5.02% CuEq from 728 metres in Breccia 41, including 24 metres at 13.30% CuEq from 728 metres within the same zone. The latter intersection also included an 8.6 metres section at 20.25% CuEq.

The hole was stopped at a depth of 1,487.5 metres due to the capacity of the drill, and ended in strong porphyry-style mineralisation with the last 21.5 metres of the hole at 0.93% CuEq (0.62% Cu, 0.41 g/t gold, 0.9 g/t silver).

“From a grade-thickness perspective, hole 55C is the best hole ever drilled at Filo del Sol,” said Filo’s president and CEO Jamie Beck. “It represents one of the thickest, highest-grade intervals drilled through the Aurora Zone, and confirms the continuity of the bonanza-grade Breccia 41 mineralisation between holes 41 and 54 to the South, and hole 57 to the North.

“At almost 1.5km deep, and still strongly mineralised, 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,” he added.

After receiving a US$79 million stock investment from BHP earlier this year, Filo has intensified its exploration campaign in Filo del Sol close to the Argentine border in the high Andes. The project is expected to grow into an operation of equal size or bigger than Lundin Mining’s (Filo’s majority owner) Candelaria mine in Chile.

@RGNonline