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Quarterly Updates

Q3 2019 Highlights and Outlook

Filo Mining Launches Extensive Exploration Program at Filo del Sol Project

Filo Mining’s 2019/2020 field program follows on the findings of the 2018/2019 field campaign, which confirmed the Company’s longtime view that the Filo del Sol Project’s current Mineral Resource is part of a much larger mineralization system. Last season’s drilling extended the copper-gold mineralization 530 metres deeper than previously known, to total depths of over 1,000 metres below surface. Specifically, the Company’s 2019/2020 exploration program plans to complete more than 10,000 metres of diamond drilling, with drone magnetometer and 3D induced polarization (“IP”) geophysical surveys conducted in support of drill targeting. The main objectives of the exploration program will be:

  • to better define the large overall gold-copper-silver mineralization system, which hosts the Filo del Sol deposit, with a focus on the mineralization beneath the current Mineral Resource;
  • to better understand the structural features controlling the high-grade gold zones encountered during previous drill campaigns; and
  • to test the Tamberias West prospect, a previously unexplored and recently permitted area located southwest of the current Mineral Resource, for additional near surface oxide mineralization.

The Company’s 2019/2020 field campaign will run from November 2019 to approximately March 2020, weather permitting, and include over 10,000 metres of diamond drilling along with geophysical surveys. The Company anticipates that the first set of assay results will be available by early 2020.