- Drillhole FSDH091 intersected 1,368.0m at 0.56% CuEq from 168.0m, including:
- 837.2m at 0.70% CuEq from 672.8m
- 212.0m at 1.15% CuEq from 872.0m
- Collared between holes FSDH060 and FSDH087, this hole continues to confirm continuity of mineralization between Aurora and Bonita, and discovers a new high-grade zone
- Drillhole FSDH090 intersected 1,518.5m at 0.48% CuEq from 100.0m, including:
- 22.0m at 490.8 g/t silver from 108.0m
- 657.0m at 0.56% CuEq from 665.0m
- Collared 730m south of FSDH091 between Aurora and Bonita
- Drillhole FSDH088 intersected 992.0m at 0.63% CuEq from 66.0m, including:
- 582.0m at 0.73% CuEq from 436.0m
- Collared in the Filo sector, south of Aurora and 2.5km south of FSDH091
Commenting on the release,
HOLE-ID | From (m) | To (m) | Length (m) | Cu % | Au g/t | Ag g/t | CuEq1 % |
FSDH088 | 66.0 | 1058.0 | 992.0 | 0.36 | 0.32 | 3.7 | 0.63 |
incl | 436.0 | 1018.0 | 582.0 | 0.41 | 0.38 | 5.4 | 0.73 |
FSDH090 | 100.0 | 1618.5 | 1518.5 | 0.31 | 0.11 | 10.3 | 0.48 |
incl | 108.0 | 130.0 | 22.0 | 0.07 | 0.06 | 490.8 | |
and incl | 268.7 | 272.0 | 3.3 | 2.64 | 0.92 | 127.2 | 4.43 |
and incl | 539.1 | 540.0 | 0.9 | 2.66 | 2.04 | 132.6 | 5.31 |
and incl | 665.0 | 1322.0 | 657.0 | 0.44 | 0.14 | 2.0 | 0.56 |
FSDH091 | 168.0 | 1536.0 | 1368.0 | 0.40 | 0.19 | 2.5 | 0.56 |
incl | 185.5 | 200.0 | 14.5 | 0.42 | 0.97 | 30.2 | |
and incl | 504.0 | 508.0 | 4.0 | 1.94 | 1.20 | 9.8 | 2.90 |
and incl | 672.8 | 1510.0 | 837.2 | 0.53 | 0.21 | 1.9 | 0.70 |
incl | 872.0 | 1084.0 | 212.0 | 0.84 | 0.40 | 2.2 | 1.15 |
Mineralized zones at Filo del Sol are bulk porphyry-style zones and drilled widths are interpreted to be very close to true widths. |
FSDH088 was collared on Section 8400N and drilled to the west at -67 degrees. The hole penetrated the current oxide resource to a depth of 394m. The main mineralized breccia was intersected to a depth of 754m where there is a sharp contact to a mineralized porphyry unit which continues to the end of the hole. The hole was ended shallower than planned as it deviated unexpectedly to the south, coming close to FSDH080.
FSDH090 was collared on Section 10100N, 230m south of FSDH087, and drilled to the west at -72 degrees. The hole intersected a number of high-grade sulphide veins over the upper several hundred metres, similar to those seen in FSDH087. These include a 22m intersection at 490.8 g/t silver which may correlate with a 16m interval of 4.73% CuEq (including 50g/t silver) 300m away in FSDH087. Recent and ongoing drilling is showing that these high-grade veins are a consistent feature of the area north and east of Aurora, and they may prove to be an important part of the deposit.
FSDH091 was collared on Section 10800N and drilled to the west at an angle of -70 degrees. Again, a series of high-grade veins were intersected down to about 650m where mineralization transitions to primarily disseminated, with grades becoming more consistent and uniform. The hole intersected a very high-grade section beginning at 872m, averaging 1.15% CuEq over 212m. Copper mineralization in this interval contains an unusually high proportion of bornite, along with enargite, chalcocite and chalcopyrite, and is primarily disseminated and in veinlets. This is the first instance of consistent grades greater than 1% CuEq over more than 200m discovered outside of the
Drilling is ongoing with nine rigs active on the project, including FSDH086 which is complete to 1,414m, FSDH089 which is complete to 677m, and FSDH093 which is currently at a depth of 1,568m. Assay results for completed holes will be released as they are received, analyzed, and confirmed by the Company.
With the weather currently moderating as we move into spring, exploration focus over the next few months will be the areas adjacent to the
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.
Base Map with Sat Image 2023
Filo Long Section with Plan
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
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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