Filo Mining Corp’s Filo del Sol Project: A Golden Opportunity in Argentina’s Mining Landscape

Argentina’s mining sector is experiencing significant growth, with the country’s mining exports reaching US$3.2 billion in 2021. The government of Alberto Fernández has set out to increase annual mining exports to more than US$10 billion over the next ten years. This growth is driven by the country’s rich mineral resources, including gold, silver, copper, and lithium. Filo Corp, a Canadian exploration company and member of the Lundin Group of Companies, is making significant strides in advancing the Filo del Sol Copper-Gold-Silver Project with its recently released drill results.

The Filo del Sol Project is located in the San Juan Province of Argentina and the adjacent Atacama Region of Northern Chile. The project straddles the border between Argentina and Chile, situated 140 kilometres southeast of the city of Copiapó, Chile. The project site is remote, with elevations ranging from 4,500 to 5,400 metres above sea level. Despite its remoteness, the site is accessible by road, and fieldwork is based out of a camp located approximately 20 kilometres from the project. 

The complex geological history of the site has resulted in a heterogeneous ore body characterized by zones of very high-grade copper, gold, and silver mineralization within a larger envelope of more homogeneous, lower-grade mineralization.

Exploration can be traced back to the early 2000s when initial geological studies and sampling were conducted in the region. The area is characterized by copper-gold porphyry deposits. Following encouraging sampling and surveying results, further exploration work was undertaken, including geophysical surveys, drill programs, and a resource estimation.

In 2011, Filo Corp acquired the project and accelerated exploration efforts to unlock the full potential of the asset.

The most recent drill results from the Filo del Sol Project have been promising. Drill hole FSDH072 in the Aurora Zone intersected 1,228m at 0.83% CuEq from 484m, including 822m at 1.02% CuEq from 650m and 330m at 1.35% CuEq from 998m. 

Drill hole FSDH080 in the Filo Zone intersected 1,226m at 0.67% CuEq from 122m, including 936m at 0.77% CuEq from 122m and 388m at 0.83% CuEq from 494m. These results demonstrate both the size of the Filo del Sol deposit and the tremendous amount of room left to explore.

Jamie Beck, President, and CEO of Filo Corp, commented “The holes released here are over 1km apart and continue to demonstrate both the size of the Filo del Sol deposit and the tremendous amount of room we have left to explore. The closest hole to FSDH080 is 350m away with lots of high-potential ground to drill in the area surrounding it.”

Filo’s Filo del Sol Project has garnered attention with its impressive geological profile and recent drill results. The definition of copper and gold mineralization from the results of the Company’s exploration campaigns highlight the project’s potential. The Company’s exploration strategy is not limited to the known deposit. Several other exploration targets occur on the property, indicating the potential for further discoveries.

The company’s ongoing exploration efforts, combined with the promising drill results, suggest a bright future for the Filo del Sol Project.