Drilling expands footprint for Filo del Sol copper project in Argentina

With its latest assays released today, the potential size of Filo Corp.‘s (TSX: FIL; US-OTC: FLMMF) Filo del Sol copper-gold project, in San Juan province, Argentina, is growing. The company, formerly Filo Mining, released results from three holes testing extensions to the Aurora and Bonita zones and the Gemelos target at the project. 

Drill hole FSDH083 extends the Filo-Aurora trend 260 metres to the northeast with 1,131 metres at 0.57% copper-equivalent from 419 metres including 112 metres at 0.7% copper-equivalent from 560 metres and 210 metres at 0.8% copper-equivalent from 970 metres.

Drill hole FSDH085 expands the Bonita zone 700 metres to the east with 879 metres at 0.47% copper-equivalent from 320 metres including 8 metres at 7.09% copper-equivalent from 18 metres and 456 metres at 0.53% copper-equivalent from 658 metres. A shallow intermediate sulphidation breccia vein intersected at 18 metres depth in FSDH085 is similar in style to the Maranceles veins which outcrop some 600 metres to the north of this hole.

“Aurora continues to grow towards Bonita with hole 83,” said Filo president and CEO Jamie Beck in a release. “We currently have three holes underway which will provide critical information on the potential continuity of mineralization between these two zones.” 

Beck said the results demonstrate “Bonita’s significant potential size and dramatically expanding the size of the mineralized footprint at Filo [del Sol].”

Another hole into the Gemelos target returned no significant mineralization.

Nine rigs are now active on the project, and winter drilling is focused on Aurora infill and the Aurora-Bonita gap.

Filo stock ended the day up 1.7% at $27.97, giving the company a market cap of $3.3 billion. The shares have traded between $14.01 and $28.11 over the past 52 weeks.