The latest results were highlighted by FSDH055A, which returned 64m at 1,213.8 g/t Ag and 0.49 g/t Au from a depth of 362m, representing the best intersection of high-grade silver on the project to date.
Moreover, the silver zone encountered by FSDH055A sits completely outside the current mineral resource. It is open in several directions, with a 420m undrilled gap to the north that is currently being tested by holes FSDH057 and FSDH059.
To the east, this intersection correlates with the silver zone in hole FSDH041 (46m at 75 g/t Ag), which is 50m away from and parallel to FSDH055A. To the west, the intersection remains completely open.
FSDH055C is currently underway at the same location to re-drill this hole to target depth.
“Hole 55A is one of the longest, highest-grade silver intercepts seen globally in a long time. It is a great reminder of the outstanding precious metal content of this remarkable deposit and demonstrates that we’ve got a significant silver deposit contained within the major copper-gold deposit at Filo del Sol,” Jamie Beck, president and CEO of Filo Mining, commented in a news release.
“This hole also adds to the evidence that the area around hole FSDH041 is one of the centres of the system, and we look forward to assays from additional step-out holes in this area,” Beck added.
Moving forward, Filo will continue its year-round drilling at Filo del Sol. The company plans to add an additional two drill rigs in early February, bringing the total rig count to seven drills.
Shares in Filo surged 13.6% on the Toronto Stock Exchange by 12:30 p.m. EDT, trading at 52-week high of C$14.80. The company has a C$1.7 billion market capitalization.
