Announcement Date: 2022-05-23
Announcement Type: Drilling Results
Announcement Code: NI43-101
Company name: Filo Mining Corp.
Project name: Filo del Sol
Location: Argentina
Commodities: Gold,Silver,Copper
Highlight: Drilling results incl. 1337.5m @ 0.66% Cu, 0.54g/t Au, 31.50g/t Ag from 150m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: MAY 23, 2022: Filo Mining Corp. (TSX: FIL) (Nasdaq First North Growth Market: FIL) (OTCQX: FLMMF) (“Filo Mining”, or the “Company”) is pleased to announce assay results from holes FSDH055C and FSDH059 from the ongoing drill program at the Filo del Sol Project. Hole FSDH055C is the best hole drilled on the project to date, measured by copper-equivalent (“CuEq”) multiplied by intercept length, and ended in strong mineralization at almost 1,500m depth. FSDH055C was collared on the same platform as FSDH041 and drilled to the west at an angle of -70o . The hole deviated to the north, such that at the depth of the Breccia 41 intersection it is 40m northeast of FSDH041. At 1,380m down hole, it is 80m northwest of the end of hole FSDH054. The hole drilled through strongly altered rhyolite volcaniclastics and microdioritic dykes up to 360m, where the first porphyry veins appear. Intense advanced argillic alteration, with quartz-alunite, residual (vuggy) quartz and silicification are accompanied by disseminated and vein-controlled high sulphidation assemblages (covellite-chalcocite-enargite/tennantite) down to a remarkably sharp transition to a thick sequence of early magmatic-hydrothermal breccias and porphyry bodies at 1,000m. From 1,000m to the end of the hole copper mineralogy changes to chalcopyrite which appears along with potassic alteration.
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