Filo Mining intersects excessive silver grade of 1,214 g/t, inventory surges

The most recent outcomes had been 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 most effective intersection of high-grade silver on the undertaking thus far.

Furthermore, the silver zone encountered by FSDH055A sits fully exterior the present mineral useful resource. It’s open in a number of instructions, with a 420m undrilled hole to the north, at present being examined by holes FSDH057 and FSDH059.

To the east, this intersection correlates with the silver zone in gap FSDH041 (46m at 75 g/t Ag), which is 50m away from and parallel to FSDH055A. To the west, the intersection stays fully open.

FSDH055C is at present underway on the similar location to re-drill this gap to focus on depth.

“Gap 55A is likely one of the longest, highest-grade silver intercepts seen globally in a very long time. It’s a nice reminder of the excellent treasured steel content material of this outstanding deposit and demonstrates that we’ve obtained a big silver deposit contained throughout the main copper-gold deposit at Filo del Sol,” Jamie Beck, president and CEO of Filo Mining, commented in a information launch.

“This gap additionally provides to the proof that the realm round gap FSDH041 is likely one of the centres of the system, and we stay up for assays from further step-out holes on this space,” Beck added.

Shifting ahead, Filo will proceed its year-round drilling at Filo del Sol. The corporate plans so as to add an extra two drill rigs in early February, bringing the entire rig depend to seven drills.

Shares in Filo surged 13.6% on the Toronto Inventory Alternate by 12:30 p.m. EDT, buying and selling at 52-week excessive of C$14.80. The corporate has a C$1.7 billion market capitalization.

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Written by colin


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