FSDH063 intersected the resource block style up to an intensity of 436 m, with the expected laws. The period from 436 m to 548 m is interpreted as the Aurora zone in this well, ending in contact with an intermineral porphyry that continues up to 649 m. The mineralized gap continues below, however, the grades decrease relative to the main period and the alteration is basically filica than silica and quartz-alunite, as observed further north. Granite and related gaps intersect along 907 m to the end of the hole.
The Aurora domain remains open to the south of this well, and there are wonderful distances to the north and downstream for expansion. Downstream diving, FSDH025 is just over 500 m from FSDH063 (drilled with greater inclination than FSDH063, so the two wells diverge with depth), and to the north, there is an unforged domain of 590 m between FSDH063 and FSDH048 (1,081 m to 0. 88% CuEq; 0. 52% Cu, 0. 43 g/t Au, 5. 3 g/t Ag).
Perspectives
Drilling was interrupted due to an unusually harsh winter in the Andes, with unusually heavy snowfall and strong winds through several storms since last June. As always, we prioritize the protection of our staff while maintaining operations. The weather has now taken a step forward, and drilling is ongoing lately with six diamond rigs on site and six wells in progress. As the weather continues to moderate in the spring and summer, we will add two new diamond rigs to the program in September, allowing us to drill even deeper into Filo del Sol. Our year-round operations plan requires the company to drill with up to 11 drill rigs, and this plan would see approximately 40,000 m of drilling completed over the next 12 months.
Holes that have been finished with pending analyses include:
Current wells, with depths, include:
The effects of the investigation of such wells will be published as they are received, analyzed and displayed through the Company.
On behalf of Minería Filo,
Jamie BeckPresident and Chief Executive Officer
About Filo del Sol
Filo del Sol is an epithermal deposit of copper, gold and silver with superior sulfiation related to one or more giant porphyry systems of copper and gold. Overlapping mineralization occasions combined with weathering effects, which add supergenic enrichment, have created several other styles of mineralization, adding controlled structures and gap-lodged gold, mantle-style higher-grade silver (copper/-), and superior-grade supergenic enriched copper in a giant envelope of disseminated copper and gold sulfide mineralization, in stockwerk and charged in gaps. This complex geological history has created a heterogeneous ore framework characterized by zones of much higher copper/gold/silver mineralization within a giant, more homogeneous, lower-grade mineralization envelope.
Qualified and technical notes
The clinical and technical disclosure of the Filo del Sol assignment included in this news release has been reviewed and approved by Bob Carmichael, B. A. Sc. , P. Eng. who is the qualified user as explained through NI 43-101. Mr. Carmichael is the company’s vice president of exploration. Samples were cut at Filo Mining’s base of operations near the city of Guañizuil, Argentina, through corporate users. Diamond drill core was modeled in 2-meter periods (except where shortened through geological contacts) using a rock saw for sulfide mineralization. Oxide mineralization was cut with a core separator to prevent dissolution of water-soluble copper minerals during the rain sawing process. The core diameter is an aggregate of PQ, HQ and NQ depending on the intensity of the hole. The standards were bagged, labeled and packed for shipment by truck to the ALS preparation laboratory in Mendoza, Argentina, where they were ground and a 500 g fraction was pulverized to 85% by passing a 200 mesh. Prepared standards were shipped to ALS analytical laboratories in Lima, Peru or Santiago, Chile for copper, gold, and silver screening, and ICP multi-element and sequential copper screening. ALS is an accredited laboratory independent of the Company. Gold assays were performed by AAS end stack assay in a 30 g standard. Copper and silver were formed in our minds through atomic absorption after 4-acid digestion. The standards were also analyzed for a set of 36 elements with ICP-ES and a sequential investigation of copper leverage was performed on each standard with copper greater than 500 ppm (0. 05%). The copper and gold criteria, as well as blanks and duplicates (field, preparation, and research) were randomly inserted into the sampling series for quality control. On average, 9% of submitted patterns are QC patterns. No quality of knowledge issues were reported through the QA/QC program.
The mineralized zones in the Filo del Sol deposit are flat or forged porphyry zones and the perforated widths are interpreted as very close to the actual widths.
1 Copper (CuEq) for drilling intersections is calculated on the basis of USD 3. 00/lb Cu, USD 1500/oz Au and USD 18/oz Ag, with assumed metallurgical recoveries of 80% for all metals. The formula is: CuEq % = Cu % (0. 7292 * Ag g/t) (0. 0088 * Ag g/t).
About Filo Minería
Filo Mining is a Canadian exploration and progression company whose objective is the advancement of its fully owned Filo del Sol copper, gold and silver deposit located in the III Region of Chile and the adjacent province of San Juan, Argentina. The Company’s shares are indexed on the TSX and Nasdaq First North Growth Market under the symbol “FIL” and on the OTCQX under the symbol “FLMMF”. Filo Mining is a member of the Lundin business organization.
Additional information
The company’s qualified advisor on the Nasdaq First North growth market is Aktieinvest FK AB, 8 506 51703, rutger. ahlerup@aktieinvest. se.
The data contained in this press release is accurate at the time of its issuance, but may be replaced in future press releases. The Company has no legal liability and does not intend to update or revise any forward-looking data, whether as a result of new data, long-term events or otherwise.
This data was sent through Filo Mining Corp. for publication, through the contact indexed below, on August 23, 2022 at 6:00 p. m. Edt.
Cautionary Note On Forward-Looking Statements
Certain statements made and data contained in this press release constitute “forward-looking data” and “forward-looking statements” within the meaning of applicable securities law (collectively, “forward-looking data”). The forward-looking data contained in this press release is based on data held by the Company as of the date of this press release. Except as required by applicable securities law, the Company does not intend or assume any legal responsibility to update this forward-looking data. In general, such forward-looking data may be known frequently, but not always, through the use of forward-looking terminology such as “anticipates”, “expects” or “does not expect”, “budget”, “planned”, “estimates”, “plans”, “intends”, “projects”, “budgets”, “assumes”, “strategy”, “goals”, “objectives”, “potential”, “possible”, “anticipates” or “does not anticipate”, or “believes”, or diversifications of those words and expressions or statements that certain actions, events, situations or effects “will be”, “possibly”, “could” Array “would”, “should”, “could” or “will be taken”, “will occur” or “will take place” or their negative connotations. All statements other than statements of old facts would possibly be forward-looking statements.
The Company believes that the expectations reflected in the forward-looking data included in this press release are reasonable, but there can be no assurance that such expectations will prove to be correct and that such forward-looking data will not be unduly relied upon. The data included in this press release refers to the date of this press release. In particular, this news release comprises forward-looking data relating to assumptions made in interpreting the effects of drilling, geology, grading, geochemistry and continuity of mineral deposits; expectations related to access to and demand for equipment, professional hard work and facilities necessary to explore and expand mineral properties; and that the activities will not be interrupted or impaired through exploration, progression, mining, regulatory, political, community, economic, environmental and/or hazard or suitability and protection. In addition, this press release would possibly include forward-looking statements or data relating to: the potential upside exploration of the Filo del Sol Project, adding the scope and significance of the underlying copper-gold porphyry formula to the existing mineral resource and the prospectivity of scouting targets; exploration and progression plans and expenditures, adding a transition to annual operations and the timing thereof; the ability of the Company’s COVID-19 operational protocol to continue to meet government guidelines for suitability and protection, allowing it to carry out its box formulas as planned; the good fortune of long-term exploration activities; prospective expansion of resources; ability to create shareholder value; expectations related to the accumulation of its mineral reserves or resources through exploration; expectations related to the conversion of Inferred Resources to an Indicated Resource classification; ability to execute planned paint formulas; plans or option to add more drilling rigs; the expected timing or effects of an updated mineral resource estimate for Filo del Sol; government regulation of mining activities; environmental hazards; unforeseen recovery expenses; name disputes or claims; insurance coverage limits; and other dangers and uncertainties.
Statements relating to “mineral resources” are forward-looking data because they signify an implicit assessment, based on estimates and safe assumptions, that the mineral resources described are likely to be produced profitably in the future.
The forward-looking statements contained in this press release are made as of the date of this press release, and Filo assumes no legal responsibility to publicly update and/or revise any of the forward-looking statements included, whether as a result of additional data. , long-term occasions and/or otherwise as required by applicable securities laws. Forward-looking data is obtained for the purpose of providing insight into management’s existing plans and expectations and to obtain investors and others with a better understanding of the Company’s operating environment. The forward-looking data is based on safe assumptions that the company believes to be conservative, adding that existing commodity costs and demands will remain or be canceled, commodity supply will remain stable, business conditions and general economics will not be adverse. Instead, that financing will be obtained if and when required on moderate terms and that the Company will not delight in a dispute of hard work curtains, twists of fate, or plant or appliance failure. These points are not and do not deserve to be construed as exhaustive. Although the Company has attempted to identify vital points that may also cause actual effects to differ slightly from those contained in forward-looking data, other points could potentially cause effects that were not expected, estimated or intended. There can be no guarantee that such statements will prove to be accurate, as actual effects and long-term events may also differ slightly from those expected from such statements. All forward-looking data contained in this document is qualified by those cautionary statements. Readers are cautioned not to place undue reliance on forward-looking data due to the inherent uncertainty therein.
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SOURCEFilo Mining Corp.
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