- Drillhole FSDH072 in the
Aurora Zone intersected 1,228m at 0.83% CuEq from 484m, including: - 822m at 1.02% CuEq from 650m
- 330m at 1.35% CuEq from 998m
- Drillhole FSDH080 in the Filo Zone intersected 1,226m at 0.67% CuEq from 122m, including:
- 936m at 0.77% CuEq from 122m
- 94m at 1.38% CuEq from 122m
- 388m at 0.83% CuEq from 494m
Commenting on the release,
HOLE-ID | From (m) | To (m) | Length (m) | Cu % | Au g/t | Ag g/t | CuEq %1 |
FSDH072 | 484.0 | 1712.0 | 1228.0 | 0.55 | 0.33 | 4.4 | 0.83 |
incl | 650.0 | 1472.0 | 822.0 | 0.68 | 0.42 | 4.4 | 1.02 |
incl | 998.0 | 1328.0 | 330.0 | 0.88 | 0.61 | 2.3 | 1.35 |
FSDH080 | 122.0 | 1347.5 | 1225.5 | 0.39 | 0.29 | 8.9 | 0.67 |
incl | 122.0 | 1058.0 | 936.0 | 0.42 | 0.33 | 11.3 | 0.77 |
incl | 122.0 | 216.0 | 94.0 | 1.02 | 0.42 | 5.8 | 1.38 |
incl | 126.0 | 148.0 | 22.0 | 2.25 | 0.35 | 1.0 | 2.51 |
and incl | 494.0 | 882.0 | 388.0 | 0.39 | 0.36 | 20.7 | 0.83 |
Mineralized zones within the mineralized zones at Filo del Sol are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths. |
FSDH072 was collared 1,100m north of hole FSDH080 on the west side of the Filo ridge on section 09400N and drilled towards the east at -68 degrees.
The hole intersected rhyolite country rocks to a depth of 518m where it encountered the main mineralized breccia. The breccia continues to 1,253m where the first of a series of porphyry sections is seen. This initial porphyry interval is comprised of an unusually high-grade porphyry phase with 1,253m to 1,358m returning a 105m section of porphyry intrusive grading 1.11% CuEq (0.71% Cu, 0.52 g/t Au, 2.2 g/t Ag). From 1,358m to the end of the hole at 1,787.4m the hole passes through the main breccia cut by a series of different porphyry phases with different grade characteristics, finally ending at 1,686m.
FSDH080 was collared Section 08300N and drilled to the west at -70 degrees. It was drilled in the middle of a 700m gap between hole FSDH063 to the south (532m @ 0.66% CuEq (0.35% Cu, 0.32 g/t Au, 9.0 g/t Ag)) and FSDH034 to the north (1,034m @ 0.68% CuEq (0.42% Cu, 0.32 g/t Au, 3.4 g/t Ag), successfully demonstrating continuity of mineralization across this area.
The hole intersected the current resource to a depth of 360m, including a high-grade copper-gold oxide section from 122m to 216m which averaged 1.02% Cu and included a 22m section of 2.25% Cu oxide from 126m.
An unusually large section of microdiorite was intersected down to 740m, interspersed with sections of breccia. From 740m to 1,310m the hole encountered various porphyry phases, again with remnant sections of breccia interspersed throughout. Granite country rock was finally cut from 1,310m to the end of the hole at 1,347.5m.
This is the only deep hole in this 700m gap and significant additional drilling is required to fully understand the geology and grade distribution in this area of the deposit.
Our inaugural Sustainability Summary Report was published on
Drilling is ongoing with nine rigs active on the project, focusing on Aurora infill and the Aurora-Bonita gap. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company. Three holes are underway in the Aurora-Bonita gap, five holes are working on Aurora and Filo infill, and one rig is completing the last of a series of geotechnical holes to examine a potential future underground exploration adit.
On behalf of Filo,
President and CEO
Filo del Sol is a high-sulphidation epithermal copper-gold-silver deposit associated with one or more large porphyry copper-gold systems. Overlapping mineralizing events combined with weathering effects, including supergene enrichment, have created several different styles of mineralization, including structurally controlled and breccia-hosted gold, manto-style high-grade silver (+/- copper) and high-grade supergene enriched copper within a broader envelope of disseminated, stockwork and breccia-hosted sulphide copper and gold mineralization. This complex geological history has created a heterogeneous orebody which is characterized by zones of very high-grade copper +/- gold +/- silver mineralization within a large envelope of more homogeneous, lower-grade mineralization.
The scientific and technical disclosure for the
Mineralized zones within the Filo del Sol deposit are typically flat-lying, or bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths.
1Copper Equivalent (CuEq) for drill intersections is calculated based on
Filo is a Canadian exploration and development company focused on advancing its 100% owned Filo del Sol copper-gold-silver deposit located in
The Company's certified adviser on the Nasdaq First North Growth Market is
The information contained in this news release was accurate at the time of dissemination, but may be superseded by subsequent news release(s). The Company is under no obligation, nor does it intend to update or revise the forward-looking information, whether as a result of new information, future events or otherwise.
This information was submitted by
Cautionary Note Regarding Forward-Looking Statements
Certain statements made and information contained herein in the news release constitutes "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation (collectively, "forward-looking information"). The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information. Generally, this forward-looking information can frequently, but not always, be identified by use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "projects", "budgets", "assumes", "strategy", "goals", "objectives", "potential", "possible", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or statements that certain actions, events, conditions or results "will", "may", "could", "would", "should", "might" or "will be taken", "will occur" or "will be achieved" or the negative connotations thereof. All statements other than statements of historical fact may be forward-looking statements.
The Company believes that the expectations reflected in the forward-looking information included in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Information contained in this news release is as of the date of this press release. In particular, this press release contains forward-looking information pertaining to assumptions made in the interpretation of drill results, geology, grade, geochemistry, potential implications of geophysics interpretations, and continuity of mineral deposits; expectations regarding access and demand for equipment, skilled labour and services needed for exploration and development of mineral properties; and that activities will not be adversely disrupted or impeded by exploration, development, operating, regulatory, political, community, economic, environmental and/or healthy and safety risks. In addition, this news release may contain forward-looking statements or information pertaining to: potential exploration upside at the
Statements relating to "mineral resources" are deemed to be forward-looking information, as they involve the implied assessment, based on certain estimates and assumptions that the mineral resources described can be profitably produced in the future.
The forward-looking statements contained in this news release are made as at the date of this news release and Filo does not undertake any obligations to publicly update and/or revise any of the included forward-looking statements, whether as a result of additional information, future events and/or otherwise, except as may be required by applicable securities laws. Forward-looking information is provided for the purpose of providing information about management's current expectations and plans and allowing investors and others to get a better understanding of the Company's operating environment. Forward-looking information is based on certain assumptions that the Company believes are reasonable, including that the current price of and demand for commodities will be sustained or will improve, the supply of commodities will remain stable, that the general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed on reasonable terms and that the Company will not experience any material labour dispute, accident, or failure of plant or equipment. These factors are not, and should not be construed as being, exhaustive. Although the Company has attempted to identify important factors that would cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. All the forward-looking information contained in this document is qualified by these cautionary statements. Readers are cautioned not to place undue reliance on forward-looking information due to the inherent uncertainty thereof.
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