Filo reports 1.13% CuEq over 1,400 metres and new hydrothermal alteration

Staff Writer | August 22, 2023 | 9:21 am Exploration Latin America Copper

The Filo del Sol project straddling the Argentina-Chile border boasts long-interval drill results. Credit: Filo Mining.

Filo Corp. (TSX: FIL) has announced assay results from recent work in the Aurora zone at the Filo del Sol project in San Juan, Argentina.

Drill hole FSDH084 infilled a 160 metre gap between holes FSDH055C and FSDH057 with 1,406 metres at 1.13% copper equivalent (CuEq) from 170 metres including 46 metres at 310 g/t silver from 394 metres, 642 metres at 1.70% CuEq from 616 metres, and 56 metres at 5.79% CuEq from 772 metres.

Other assays returned several mineralized intersections and confirmed the presence of strong hydrothermal alteration extending as far as 2 km to the east of the Aurora zone. Hole FSGT006 intersected 12 metres at 5.21 g/t gold from 36 metres over 600 metres to the east of the zone.

This intersection coincides with a large zone of high conductivity indicated in a recent magnetotelluric (MT) geophysical survey which is parallel to the Filo-to-Bonita anomaly and extends for at least 2 km.

The company says the presence of either a parallel mineralized zone or a much bigger system than has been recognized to date opens up a large area of prospective ground to the east for additional exploration.

Filo president and CEO Jamie Beck said the results “confirm continuity of high-grade mineralization within the Aurora zone and serve as a reminder of the overall size and grade of this remarkable deposit.”

Drilling continues with a focus on Aurora infill and the Aurora-Bonita gap.