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Filo Mining Corp.
Summary
| Project: | Filo del Sol | |
|---|---|---|
| Deposit: | Filo del Sol | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver-Molybdenum-Arsenic | |
| Date: | 4/10/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 10-4-2017: Filo Mining Corp. announces an Exploration/Drilling Update report for its Filo del Sol deposit at the Filo del Sol project. Drilling results incl. 200m @ 0.41g/t Au, 0.29% Cu, 1.3g/t Ag from 0m. Filo Mining Corporation (TSX-V: FIL) (Nasdaq Firs | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bob Carmichael (Internal) | |
| ABSTRACT: | Filo Mining Corporation (TSX-V: FIL) (Nasdaq First North: FIL) (“Filo Mining” or the “Company”) is pleased to announce the latest results from the 2016/2017 drill program at the Filo del Sol project. The focus of the program was on the oxidized portion of the system and on evaluating its potential to be processed by heap leaching. The results released today continue to expand the gold oxide zone that forms the upper part of the current resource and have identified a potential new zone of shallow oxide copper and gold mineralization 1 kilometre south of the current resource at the Filo South zone. Filo Mining’s President and CEO, Wojtek Wodzicki commented, “We are very pleased with the results from this year’s drilling. We are expanding the oxide gold zone that forms the upper part of the current resource and we have discovered a new area of oxide copper and gold in the Filo South area. We expect to receive the results of the remaining 17 drill holes in the next few weeks and will then update the resource estimate. A second round of metallurgical test work is underway with the results expected towards the end of the second quarter. This year’s successful program is an important step toward our long term objective of turning Filo del Sol into a significant heap leach project.” A total of 8,616 metres was drilled in 41 holes during the campaign which was completed on March 28, 2017. Results for the first three holes were released on February 15, 2017, results from 21 holes are contained below and results for the remaining 17 holes are pending. The results presented here are from three areas: the Filo del Sol gold zone; Filo South resource extension and Filo North exploration. All holes other than Filo del Sol gold zone holes are drilled outside the current resource. Detailed drilling results, a photo, and a drill hole location map are included at the end of this release. | |
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