Filo Corp. (TSX:FIL) has reported new drilling results from its Filo del Sol project in Argentina, underscoring the scale and potential of the copper-gold deposit. This announcement coincides with the company’s pending acquisition by mining giants BHP Group (ASX,NYSE:BHP) and Lundin Mining (TSX:LUN) for C$4.1 billion. The deal, which is expected to close by early 2024, comes as global demand for critical metals like copper is intensifying.
Filo’s recent drill results from the Aurora zone indicate substantial resource growth and improved mineralization grades. Drillhole FSDH107 intersected 1,270 meters grading 0.55% copper, 0.35 grams of gold per tonne, and 12.6 grams of silver, for a copper-equivalent grade of 0.92%. Within this interval, a higher-grade section yielded 624 meters at 0.78% copper, 0.41 grams of gold, and 5.3 grams of silver, translating to a copper-equivalent grade of 1.13%.
The results have expanded the…
