Filo Expands Oxide Copper and Gold Zones

Base Metals Investing

Filo Mining (TSXV:FIL)(NASDAQ OMX:FIL) (“Filo Mining” or the “Company”) is pleased to announce the latest results from the 2016/2017 drill program at the Filo del Sol project. The focus of the program was on the oxidized portion of the system and on evaluating its potential to be processed by heap leaching. The results released today continue to expand the gold oxide zone that forms the upper part of the current resource and have identified a potential new zone of shallow oxide copper and gold mineralization 1 kilometre south of the current resource at the Filo South zone.
As quoted in the press release:

Filo Mining’s President and CEO, Wojtek Wodzicki commented, “We are very pleased with the results from this year’s drilling. We are expanding the oxide gold zone that forms the upper part of the current resource and we have discovered a new area of oxide copper and gold in the Filo South area. We expect to receive the results of the remaining 17 drill holes in the next few weeks and will then update the resource estimate. A second round of metallurgical test work is underway with the results expected towards the end of the second quarter. This year’s successful program is an important step toward our long term objective of turning Filo del Sol into a significant heap leach project.”

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Copper Investing