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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: | 2/15/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 15-2-2017: Filo Mining Corp. announces an Exploration/Drilling Update report for its Filo del Sol deposit at the Filo del Sol project. Drilling results incl. 84.0m @ 1.36g/t Au, 0.02% Cu, 1.37g/t Ag from 122m. Filo Mining Corporation (TSX-V: FIL) (Nasdaq | |
| 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 first assay results from the 2016/2017 drill program at the Filo del Sol project located in San Juan Province, Argentina. A total of 3,830 metres in 20 holes has been completed to date and results from the first three holes are shown below. Highlights include VRC097 with 84 metres at 1.36 g/t gold and VRC099 with 78 metres at 1.02 g/t gold. These are the best and third best gold intersections in the deposit (gold grade times width) received to date and are holes that were drilled within the current resource envelope to test the potential for higher grades in the oxide gold portion of the resource. These results confirm the presence of higher grade zones within the oxide gold zone. Mineralized zones within the Filo del Sol deposit are flat-lying, and drilled widths are interpreted as true widths. Three main types of oxide mineralization occur in the Filo del Sol deposit. A gold-rich oxide zone occurs within the upper portion of the deposit and contains low silver values and almost no copper. Below this zone is a copper-rich zone comprised of copper oxide and sulphate minerals. This copper zone typically contains moderate gold and silver values. Underlying the copper zone is a silver-rich zone characterized by highgrade silver and moderate gold and copper values. Filo del Sol is a high-sulfidation epithermal deposit. Other deposits of this type include Veladero, Pierina, Lagunas Norte, and Yanacocha. High-sulfidation deposits are often characterized by large volumes of low to moderate grade material commonly. | |
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