Mining Project

Filo del Sol

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General Information

  • Investment Company:  Filo Mining
  • Operating Company:  FILO DEL SOL EXPLORACIÓN S.A
  • Address:  Gorriti 4855 - 1º Piso - Ciudad Autónoma de Buenos Aires (C.A.B.A.)
  • Phone:  +54 11 4831-8135/0948/8653

Project Details

– Location

Vicuña District - Iglesia Department - San Juan Province, and Third Region (Chile)

– Description

High-sulphidation epithermal copper-gold-silver deposit associated with a large porphyry copper-gold system

– Minerals

Copper - Gold,Silver

– Stage

Prefeasibility

– Capital Cost

$140,000,000.00

– Mine Operation

Open pit operation with a capacity of 60,000 tonnes per day, and heap leaching

– Average Annual Production
  • 66,000 tons of copper
  • 168,000 oz of gold
  • 9.256 Moz of silver
– Remaining Life

13 Years

– Resources & Reserves
  • Proven and probable Reserves: 2,220 Billion pounds of copper, 2.867 Moz of gold and 133.334 Moz of silver;
  • Indicated Resource: 3,156 Billion pounds of copper, 4.629 Moz of gold and 160.38 Moz of silver;
  • Inferred Resource: 1.267 Billion pounds of copper, 2.118 Moz of gold and 50.33 Moz of silver.

Additional Comments

  • Drilling successfully continued at Filo del Sol during 2023, with improved hole completion rates, consistent drill productivity, and an outstanding safety record.
  • With over 34,000 meters drilled through the end of November, the 2023 program was on track to exceed the company’s plan.
  • In 2023, the focus was drilling within the Aurora Zone and connecting the gap that previously existed between Aurora and Bonita. In addition to producing some of the best ever drill intersections, drilling at Aurora refined the geological interpretation and improved the understanding of the deposit, leading to the development of a 3D deposit model.
  • Step-out holes highlighted that there is no gap between Aurora and Bonita and it is all part of one continuously mineralized trend which is open at both ends.
  • The opportunity for substantial growth of the deposit and the potential for new discoveries was highlighted by the results of geophysical surveys completed during the year and the discovery of new styles of mineralization in several drill holes.
  • The 2024 campaign will be the largest ever at Filo del Sol. Drilling will continue with nine diamond drill rigs on site throughout the year, and 40,000m planned.
  • Findings from the 2023 program have been used to guide our plans for 2024, with the focus shifting back to step-out holes and exploration growth.