Filo Drills 1,270m at 0.92% CuEq in Aurora and 529m at 0.97% CuEq in Bonita

Filo Drills 1,270m at 0.92% CuEq in Aurora and 529m at 0.97% CuEq in Bonita
Filo Drills 1,270m at 0.92% CuEq in Aurora and 529m at 0.97% CuEq in Bonita
Share:
Filo Corp. announced assay results from six holes from the Filo del Sol Project, located in San Juan province.

By Panorama Minero

Drillhole FSDH107 intersected 1,270.0m at 0.92% CuEq from 298.0m in the Aurora Zone, including:

• 52.0m at 218.5 g/t Ag from 508.0m • 624.0m at 1.13% CuEq from 606.0m

Drillhole FSDH112 intersected 1,282.5m at 0.61% CuEq from 96.0m in the Bonita Zone, including: • 528.5m at 0.97% CuEq from 659.5m • 1.5km to the northeast of the intersection in FSDH107
Drillhole FSDH113 intersected 833.7m at 0.64% CuEq from 532.3m in the Bonita Zone, including: • 510.0m at 0.71% CuEq from 590.0m

Drillhole FSDH116 intersected 610.0m at 0.39 g/t Au, 0.15% Cu and 2.2 g/t Ag from 22.0m in the Tamberias Zone • 4.3km to the southwest of the intersection in FSDH112

Commenting on the release, Jamie Beck, President, and CEO stated, "Hole 107 has provided an expansion of the Aurora Zone, 300m to the west of hole 41. We now interpret mineralization on this section to have a minimum east-west width of 700m, remaining open in both directions. Additionally, holes 112 and 113 confirm the strong mineralization encountered in the Bonita area and are helping us to target the high-grade corridor running throughout the deposit with several of the current holes. Three kilometres to the south of hole 107 we have confirmed a gold-rich porphyry in hole 116 in the Tamberias area, further expanding the footprint of the overall deposit. We have now drilled continuous mineralization over 5.5 kilometres between holes 116 in the south and 114 in the north, with hole 107 expanding the width, and still the deposit is open in all directions." Mr. Beck continued, "The previously announced arrangement with BHP and Lundin Mining is progressing on schedule and is anticipated to be completed in the first quarter of 2025."

Filo del sol.avif

Published by: Panorama Minero

Category: News

Follow us on Google News

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the article: San Juan: Milicic Launches a New Development Phase at Veladero Mine

San Juan: Milicic Launches a New Development Phase at Veladero Mine

Construction and services company Milicic has begun a new chapter in its collaboration with the Veladero mine, located in the Iglesia department of San Juan province. This project, part of Phase 8A of the Leach Valley expansion, will involve 800 workers and will last for four months, from January to April.
Illustrative image for the article: Catamarca: YMAD Launches New Tender for Farallón Negro Mine

Catamarca: YMAD Launches New Tender for Farallón Negro Mine

The intergovernmental mining company YMAD has launched Public Tender No. 001/25 for the execution of ventilation shafts using the raise boring method at the Farallón Negro Mining and Industrial Complex, located in the Belén department of Catamarca province. The tender is aimed at companies specializing in underground mining technology as part of a key on-site infrastructure project.
Illustrative image for the article: NGEx Minerals Expands Exploration at Lunahuasi Following Outstanding Copper and Gold Intersections in San Juan

NGEx Minerals Expands Exploration at Lunahuasi Following Outstanding Copper and Gold Intersections in San Juan

Vancouver-based exploration company NGEx Minerals Ltd. has announced exceptional results from Phase 3 of its drilling program at the Lunahuasi project, located in the province of San Juan, Argentina. This high-grade copper, gold, and silver project is 100% owned by the company. The results have prompted an expansion of the drilling program to 25,000 meters, with two additional drill rigs to be added in February, bringing the total to eight rigs in operation.
Illustrative image for the article: Trump Sworn in as U.S. President Again: Implications for the Energy Transition and Global Mining

Trump Sworn in as U.S. President Again: Implications for the Energy Transition and Global Mining

Donald Trump was inaugurated as the 47th President of the United States on January 20, marking the beginning of his non-consecutive second term. His return to power has sparked expectations and debates around key policies such as international trade and mining, both of which hold strategic importance for the years ahead. Argentine President Javier Milei’s attendance at the inauguration underscores potential ties between the new administration and Argentina, a pivotal player in supplying essential resources for the energy transition.
Local Development: Glencore Pachón Trains Calingasta Residents with a Focus on Industrial Projects

Local Development: Glencore Pachón Trains Calingasta Residents with a Focus on Industrial Projects

The mining company Glencore Pachón, in collaboration with the construction firm Peri, conducted a training course on scaffolding assembly and use for residents of Calingasta, located in the province of San Juan. The initiative, which involved 22 participants, aims to strengthen technical and safety skills required for construction work, particularly in the context of large-scale mining projects.
China Dominates Mining Exports from Argentina's NOA Region in 2024

China Dominates Mining Exports from Argentina's NOA Region in 2024

The provinces of Northwestern Argentina (NOA), comprising Catamarca, Jujuy, and Salta, continue to solidify their position as a strategic hub for national mining, with mining exports in November 2024 reaching US$146 million. This performance marked a year-on-year growth of 31.4%, driven primarily by an increase in lithium export volumes, one of the region's most prominent resources.
Copper: BHP and Lundin Mining finalize the acquisition of Filo Corp

Copper: BHP and Lundin Mining finalize the acquisition of Filo Corp

In a move that reinforces their position in the global mining industry, BHP and Lundin Mining have completed the acquisition of Filo Corp., a company listed on the Toronto Stock Exchange and the owner of the Filo del Sol (FDS) copper project, located in the Vicuña district between Argentina and Chile. This step marks a key milestone in the expansion of both giants in the copper market, a critical mineral for the energy transition and global technological growth.
Challenger Gold Completes Strategic Placement and Initiates Processing Agreement at Casposo

Challenger Gold Completes Strategic Placement and Initiates Processing Agreement at Casposo

Australian company Challenger Gold (ASX: CEL) announced the completion of a strategic placement for US$6.6 million with an entity controlled by Eduardo Elsztain, who becomes the company's largest shareholder with a 12.7% stake. Additionally, the initial payment of US$2 million was made under the Toll Processing Agreement with Casposo Argentina Mining Limited, securing the processing of 150,000 tons of Hualilán material annually for three years, with a total guaranteed capacity of 450,000 tons.