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Filo Mining Corp.
Summary
| Project: | Filo del Sol | |
|---|---|---|
| Deposit: | Filo del Sol | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 5/16/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 16-5-2018: Filo Mining Corp. announces an Exploration/Drilling Update report for its Filo del Sol deposit at the Filo del Sol project. Drilling results incl. 126m @ 0.65% Cu, 0.82g/t Au, 54.6g/t Ag from 190m. Vancouver, BC (May 16, 2018) Filo Mining Corp | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bob Carmicheal (Internal) | |
| ABSTRACT: | Vancouver, BC (May 16, 2018) Filo Mining Corp (TSX-V, Nasdaq First North: FIL) ("Filo Mining", “Filo”, or the “Company”) is pleased to announce continued excellent results from the recently completed 2017/18 drill program at the Filo del Sol project in San Juan Province, Argentina and Region III, Chile. A total of 9,411 metres was drilled during the program, which was completed at the end of March, 2018. In total, 31 reverse circulation (RC) holes and 9 diamond drill (DD) holes were completed during the program. Assay results for 11 RC holes are presented here, and results from the remaining 9 DD holes will be released once the final assays have been received. Commenting on today’s results, Adam Lundin, CEO of Filo Mining stated, “The drill results from our 2017/18 field program continue to impress. The results released today, along with those we released on April 27 of this year, not only suggest that there is strong support to convert part of the inferred oxide mineral resource to the indicated category, they also support that testing for resource extension beyond the 2017 mineral resource limit at the Filo Del Sol Project is warranted. The results of the 2017/18 drilling will be incorporated into an updated mineral resource estimate to support the Pre-Feasibility Study (“PFS”) which is currently underway.” Filo del Sol is a large high-sulphidation epithermal copper-gold-silver deposit. The upper portion of the deposit is oxidized and includes from top to bottom, a gold oxide zone, a copper-gold oxide zone and a silver-rich zone. The oxide portion of the deposit is underlain by copper-gold sulphide mineralization. The drill holes reported here tested all of the oxide zones. The northern section of the deposit which | |
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