One other gap, FSDH051, has prolonged the mineralized zone by 750m to the north, bringing the overall north-south extent of steady mineralization to 4,500m. That is essentially the most northerly gap accomplished into the deposit so far, returning 344m at 0.50% CuEq (0.26% Cu, 0.21g/t Au, 9.4g/t Ag) from 246m.
This drill gap additionally features a 36m intersection of elevated silver (50.5 g/t Ag) that lies alongside the projection of the primary Filo silver zone and will symbolize its extension. If further drilling is ready to set up continuity, this might improve the size of the silver zone by 1km to a minimal north-south extent of 3km, Filo mentioned.
Drill gap FSDH049 is throughout the present mineral useful resource, whereas FSDH051 is 1,700m north of the northern useful resource boundary. Each had been collared previous to drilling the high-grade zone intersected in gap FSDH041 reported in Might.
“Filo del Sol is rising into one of many largest copper-gold-silver discoveries ever,” Filo director Lukas Lundin mentioned in Wednesday’s press launch.
The deposit is estimated to comprise 3.1 billion lb copper, 4.4 million oz gold and 146.9 million oz silver within the indicated useful resource class, plus 1.1 billion lb copper, 1.8 million oz gold and 34.8 million oz silver inferred.
“With Gap 51, we prolonged the deposit 750m to the north, outlining a 4.5km north-south strike of steady mineralization,” added CEO Jamie Beck.
“Gap 49 is a wonderful reminder of the dear metals-rich nature of the deposit. Beginning with 30m of oxide gold from floor, Gap 49 then returned a considerable copper-gold-silver intercept which included the highest-grade silver intercept on the challenge so far.”
Beck mentioned the corporate stays on monitor to renew drilling later in August because it prepares for year-round subject operations.
Shares of Filo Mining jumped 4.6% by midday ET Wednesday following the drill outcomes launch. The Canadian miner has a market capitalization of C$1.1 billion.