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    FIL   CA31730E1016

FILO MINING CORP.

(FIL)
  Report
Delayed Toronto Stock Exchange  -  05/24 04:00:00 pm EDT
26.31 CAD   +11.96%
05/24Filo Mining Jumps Near 12% as Reports Best Hole Drilled To Date At Filo Del Sol Project; Scotiabank Views Report as Positive
MT
05/24Filo Mining Reports Best Hole Drilled To Date At Filo Del Sol Project
MT
05/24Filo Mining Corp. Announces Assay Results from the Ongoing Drill Program at the Filo Del Sol Project
CI
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Filo Mining Reports 1,224m at 1.26% CuEq, Extends One of the High-Grade Breccias at Filo del Sol

01/19/2022 | 09:00pm EDT

Filo Mining Corp. provided assay results from hole FSDH054. FSDH054 was collared 60m to the east of, and parallel to, FSDH041. It drilled 324m past the end of FSDH041, ending in mineralization, with the last 20m at 0.59% CuEq (0.38% Cu, 0.28 g/t Au, 1.2 g/t Ag) indicating that the deposit is wide open at depth. The Company is currently assessing the technical feasibility of drilling to depths of at least 2 kilometres later in the year. FSDH054 maintained a distance of approximately 60m from FSDH041 throughout its length, and correlation of geological units and grade distribution between these holes has helped to advance geological understanding. The deposit appears to be controlled by a regional NNE trending structure that has been mapped from Filo del Sol to the Los Helados copper-gold porphyry deposit located 18km to the NNE. This structure extends for about 9km across the Filo del Sol property and is continually mineralized over the 5km strike that has been drilled to date. Wide-spaced drilling over the past two years has discovered a higher-grade section of this structure, now called the Aurora Zone, extending along a length of at least 700m, from section 8500N (FSDH034) in the south to section 9200N (FSDH041, FSDH054) in the north. The Aurora Zone contains at least one elevated grade section, Breccia 41, as indicated by 172m at 3.22% CuEq (1.51% Cu, 1.42 g/t Au, 75.9 g/t Ag) in FSDH054 and 163m at 5.43% CuEq (2.31% Cu, 2.07 g/t Au, 183.0 g/t Ag) in FSDH041. Both the Aurora Zone and Breccia 41 remain open along strike in both directions and their full depth extent and lateral width (east/west) also remain open. FSDH054 also intersected the extension of the high-grade silver zone about 100m to the east of the very high-grade intersection in FSDH055A. It is represented here by a 6.1m interval, from 435.9m to 442m, with a grade of 127.7g/t Ag. The mineralization drilled in this area of the deposit is consistent with sub-vertical to steeply dipping high-sulphidation hydrothermal breccias transitioning to porphyry and porphyry-related breccia mineralization at depth. In addition to testing exploration targets to the North and South of the known deposit, ongoing drilling will continue to look to expand the Aurora Zone along strike and to depth, and to determine its eastern and western boundaries. The program will also focus on more closely spaced holes aimed to determine the size, geometry and tenor of Breccia 41. Two additional diamond drills will be added to the program in February, and a reverse circulation drill will be mobilized to pre-collar some critical holes in order to reduce problems encountered in drilling through the intensely altered, near-surface rocks overlying Breccia 41. Plans are being developed to add an additional 4 rigs to the program by mid-year which would result in 11 rigs drilling at Filo del Sol on an ongoing basis.


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All news about FILO MINING CORP.
05/24Filo Mining Jumps Near 12% as Reports Best Hole Drilled To Date At Filo Del Sol Project..
MT
05/24Filo Mining Reports Best Hole Drilled To Date At Filo Del Sol Project
MT
05/24Filo Mining Corp. Announces Assay Results from the Ongoing Drill Program at the Filo De..
CI
05/23Filo Mining Reports 1,338m of 1.33% CuEq, Including 24m of 13.30% CuEq
AQ
05/20NGEx Minerals Q1 Net Loss Widens to $0.06 Per Share From $0.01 Year Ago; Cash, Net Work..
MT
05/17NGEx Minerals Provides Update On Los Helados Project; Shares Rose 4% Monday
MT
05/13Scotiabank Says Filo Mining Extending Breccia Zone at Filo del Sol Deposit 'Positive'; ..
MT
05/13Filo Mining Extends Breccia 41 by 175m to the North, FSDH057 ends in 13.8% Cu, 13.2 g/t..
AQ
05/12Filo Mining Extends Breccia 41 by 175m to the North; FSDH057 ends in 13.8% Cu, 13.2 g/t..
AQ
05/12Filo Mining Corp. Provides Assay Results from Hole FSDH057
CI
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Financials
Sales 2022 - - -
Net income 2022 -55,3 M -43,0 M -43,0 M
Net cash 2022 64,3 M 50,0 M 50,0 M
P/E ratio 2022 -58,5x
Yield 2022 -
Capitalization 3 195 M 2 485 M 2 485 M
EV / Sales 2022 -
EV / Sales 2023 -
Nbr of Employees 31
Free-Float 66,2%
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Number of Analysts 11
Last Close Price 26,31 CAD
Average target price 26,45 CAD
Spread / Average Target 0,55%
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Managers and Directors
Jamie Beck President
Jeffrey Yip Chief Financial Officer
Adam I. Lundin President, Chief Executive Officer & Director
Alessandro Bitelli Independent Director
Wojtek Alexander Wodzicki Director
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