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Filo Mining Corp.
Summary
| Project: | Filo del Sol | |
|---|---|---|
| Deposit: | Filo del Sol | |
| Location: | Argentina | |
| Commodities: | Copper-Gold-Silver | |
| Date: | 5/30/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-5-2019: Filo Mining Corp. announces an Exploration/Drilling Update report for its Filo del Sol deposit at the Filo del Sol project. Drilling results incl. 378.0m @ 0.44% Cu, 0.89g/t Au, 42.5g/t Ag from 134.0m. May 28, 2019: Filo Mining Corp. (TSX-V, Na | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Bob Carmichael, Diego Charchaflie (Internal) | |
| ABSTRACT: | May 28, 2019: Filo Mining Corp. (TSX-V, Nasdaq First North: FIL) ("Filo Mining”, or the “Company”) is pleased to announce the final assay results from the 2019 drill program at its 100% owned Filo del Sol project located on the border of Region III, Chile and San Juan Province, Argentina. The seven holes drilled during the past season extend along a north-south distance of 1,800 metres, and all intersected high-grade mineralized zones and ended in mineralization, with the single exception of FSDH031. (See also the Company’s news releases dated March 18, 2019, and May 17, 2019). Commenting on the results, CEO Adam Lundin stated: “The Company is pleased to deliver yet another set of excellent drill results from Filo del Sol, and to wrap up what has been a transformational season on such a positive note. The 2018/2019 exploration program provided a step change in our understanding of the Filo del Sol system and continued to demonstrate that the ultimate size of the deposit could be well beyond our current mineral resource estimate. This season we have extended the depth of mineralization 530 metres deeper than previously known and still almost every hole has ended in mineralization. We have continuous mineralization over a 3 kilometer north-south distance, and the deposit remains open in both directions beyond this. We have also improved our understanding of the deposit geology and controls on mineralization by doing extensive diamond core drilling (rather than reverse circulation) during the past two seasons. Filo del Sol represents a high-quality resource underpinned by the compelling production case outlined in the Pre-Feasibility Study but importantly this year’s drilling results have shown that the resource is likely to grow significantly being part of a large porphyry system. We look forward to drilling this system further with the rigs turning again this fall”. | |
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