This was announced by Filo Corp. in a recent statement, affirming the exceptional potential to expand the high sulfidation copper, gold, and silver epithermal deposit associated with a large copper and gold porphyry system located in San Juan territory. The goal for 2024 is to evaluate the full potential of the property, globally recognized for its geological wealth.
By Panorama Minero
We concluded 2023 having completed the largest exploration program at Filo to date, and I am excited about our 2024 plans, which build on that success, achieving our most ambitious program yet," said CEO Jamie Beck.
The latest announcement related to the assay results from wells FSDH093 and FSDH094 of the project, highlighting the following details of the last two on-site drillings:
Drillhole FSDH093 intersected 1,449.2m at 0.61% CuEq from 338.8m, including:
-652.0m at 0.81% CuEq from 492.0m
-276.0m at 0.95% CuEq from 804.0m
-76.0m at 0.84% CuEq from 1,674.0m
The latter intersection is interpreted to be a continuation of the high-grade sheeted vein mineralization first intersected in FSDH086 and is located 130m northeast and 300m below that intersection
Drillhole FSDH094 intersected 1,298.0m at 1.01% CuEq from 192.0m, including:
-52.0m at 252.4 g/t Ag from 364.0m in the silver zone
-304.0m at 1.30% CuEq from 444.0m
Commenting on the release, Jamie Beck, President, and CEO stated, "Holes 93 and 94 highlight the exceptional potential we have to grow the deposit. Collared over 500m apart, these holes fill critical high-grade gaps in our interpretation as well as extending Aurora to the northeast. The high-grade porphyry zone at depth in hole 93 is similar to, and over 300m away from, the recent intersection in hole 86 defining a zone which continues to intrigue our geologists and to suggest that we may still be missing an important part of the system. With the onset of summer, we have moved the drills into frontier exploration areas while continuing to dedicate some metres to Aurora Zone expansion. This mix of targets will allow us to systematically advance the project and evaluate the entire property. We finished 2023 having completed the largest exploration program at Filo to date, and I'm excited about our 2024 plans which build on that success with our most ambitious program ever."
Drilling is ongoing with nine active rigs at the project, and drilling productivity is improving with the onset of summer, supported by a series of initiatives aimed at enhancing drilling efficiency and productivity. December was the most productive month of last year with 4,750m drilled, bringing the total drilling to 38,785m in 2023.
