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Be the first with the news that moves the market- Filo Mining (TSXV:FIL) release latest drill results from Filo Del Sol
- The company has intersected 1,009 metres of 0.95 per cent CUEQ (0.57 per cent copper and 0.39 grams per tonne gold)
- Further exploration has been suspended due to COVID-19
- Results show mineralization extends for over 5 kilometres at the property
- Filo Mining (FIL) is up 5 per cent at C$1.36 per share, with a market cap of $119 million
Filo Mining (TSXV:FIL) has released drill results from its 100 per cent owned Filo Del Sol project on the border of Chile and Argentina.
The Vancouver-based Canadian exploration company owns 100 per cent of the Filo Del Sol project.
A total of eight drill holes and thirteen RC holes were drilled during the program that ended in late March.
The company has posted results for five of the diamond drill holes and eleven of the RC holes. The other results are pending assay analysis and will be reported once completed.
The assays returned respective results of 1,009 metres of 0.95 per cent CUEQ (0.57 per cent Copper and 0.39 per cent gold per tonne).
Other pleasing results include 1,034 metres of 0.68 per cent CUEQ (0.42 per cent Copper and 0.32 grams per tonne gold).
The results show the mineral trend the company has intersected at the site extends across the length of the property.
The drill program was curtailed prior to schedule as the Government’s of both Chile and Argentina shutdown activities to stop the spread of coronavirus.
Both Argentina and Chile instituted very strict lockdowns, which included the cessation of mining exploratory activities.
CEO of Filo Mining, Adam Lundin, said the company now has a true idea of the size of the mineralised system at the Filo Del Sol site.
“We now have three holes in excess of one kilometre long spanning a north-south distance of one kilometre and have still not drilled out of mineralization.
“Of course, size is only one part of the story, and these recent holes continue to intersect impressive copper, gold and silver grades within and beyond the current resource,” he said.
Filo Mining (FIL) is up 5 per cent to C$1.36 per share at 2:36pm EST.
