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Filo Mining Corp.
Summary
| Project: | Filo del Sol | |
|---|---|---|
| Deposit: | Filo del Sol | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 4/27/2018 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 27-4-2018: Filo Mining Corp. announces an Exploration/Drilling Update report for its Filo del Sol deposit at the Filo del Sol project. Drilling results incl. 164m @ 0.33% Cu, 0.36g/t Au, 27.4g/t Ag from 12m. April 27, 2018: Filo Mining Corp (TSXV, Nasdaq | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bob Carmicheal (Internal) | |
| ABSTRACT: | April 27, 2018: Filo Mining Corp (TSXV, Nasdaq First North: FIL) ("Filo Mining", “Filo”, or the “Company”) is pleased to announce results of the first batch of drill holes 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. Assay results for 20 reverse circulation (RC) holes are presented here, and the remainder will be released once the final assays have been received. In total, 31 RC holes and 9 diamond drill holes were completed during the program. Commenting on today’s results, Adam Lundin, CEO of Filo Mining stated, “We are very pleased with the initial results from our 2017/18 drill season. We expect to convert a large portion of our inferred oxide resource to indicated, which was one of our primary objectives this season. The remainder of drill results will be released in Q2 of this year, followed by a resource update in Q3.” One of the main goals of the 2017/18 drill program was to convert a part of the inferred oxide resource to the indicated category and most of the holes in this release were drilled for that purpose. The results suggest that we are well on our way to achieving this objective. The resource remains open laterally and to depth, and several other holes were drilled adjacent to the inferred resource in order to test for resource extensions. The holes in this release span a distance of 2.5 kilometres from VRC141 in the south to VRC153 in the north. Fourteen of the holes announced today were drilled into the Filo zone of the deposit. Three of these (VRC136, VRC137 and VRC153) intersected mineralization outside of the 2017 resource limit, including extensions to the copper-gold oxide zone in VRC137 and VRC153 and to the hypogene zone in VRC136. Four holes (VRC137, VRC148, VRC150 and VRC155) intersected the gold oxide zone. Three of these gold-oxide zone intersections were in areas of inferred resource while VRC150 drilled through the indicated part of the gold oxide zone on its way to deeper inferred blocks in the underlying copper-gold oxide and silver zones | |
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