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Filo Mining Corp.
Summary
| Project: | Filo del Sol | |
|---|---|---|
| Deposit: | Filo del Sol | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 11/28/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Pre-Feasibility Study | |
| Report details: | 28-11-2017: Filo Mining Corp. announces a PEA report for its Filo del Sol deposit at the Filo del Sol project. PEA results incl. post-tax NPV (8%) of $1163M, IRR of 28.7%, LOM of 13yrs. November 28, 2017: Filo Mining Corp (TSXV, Nasdaq First North: FIL) | |
| Resources: | (Resource, Ind.) 372.9Mt @ 0.34% Cu, 0.33g/t Au, 9.2g/t Ag for 2774Mlbs Cu, 3.9Moz Au, 109Moz Ag | |
| CP/QP: | [Overall Report]: Niel M. Winkelmann (SRK Consulting (Canada) Inc.) | |
| ABSTRACT: | November 28, 2017: Filo Mining Corp (TSXV, Nasdaq First North: FIL) ("Filo Mining", “Filo”, or the “Company”) is pleased to announce the results of a positive Preliminary Economic Assessment (“PEA”) at its flagship 100% owned Filo del Sol project on the border between Argentina and Chile, setting up one of the most exciting development projects in South America. Commenting on the results, CEO Adam Lundin stated, “The results of the initial PEA for the oxide portion of Filo del Sol are excellent. With only approximately 25% of the alteration zone drilled to date, and none of the sulfide resource included in the study and economics, it is already a robust project. We are excited about the upcoming field season and we will now move forward with the Pre-Feasibility Study.” Project Description The Filo del Sol project is located on the border between Chile and Argentina, 140km southeast of the city of Copiapó and is covered under the Mining Integration and Complementation Treaty between Chile and Argentina, which provides the framework for the development of cross border mining projects. The project is a high-sulphidation epithermal copper-gold-silver deposit associated with a large porphyry coppergold system. Overlapping mineralizing events combined with weathering effects, including supergene enrichment, have created several different styles of mineralization, including gold oxide (AuOx), copper-gold oxide (CuAuOx), silver-rich (Ag) and primary sulphide (Sulphide). These four main domains are based primarily on mineralogy and have different metallurgical characteristics. | |
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