Make Kitco Your Homepage

Filo Mining jumps again, this time on silver drill results

Kitco News

Filo Mining (TSXV: FIL) reported today 64m at 1,214 g/t silver at its Filo del Sol project located in Argentina. 

The company traded up 14% to $14.86 a share as of 12:45 p.m. ET. Filo is up six-fold over the past year. 

"Hole 55A is one of the longest, highest-grade silver intercepts seen globally in a long time," said Jamie Beck, President and CEO. "It is a great reminder of the outstanding precious metal content of this remarkable deposit and demonstrates that we've got a significant silver deposit contained within the major copper-gold deposit at Filo del Sol. This hole also adds to the evidence that the area around hole FSDH041 is one of the centres of the system and we look forward to assays from additional step-out holes in this area."

The company said it added two more drilling rigs to the project bringing up the total to seven. Filo is a Lundin company. 

In May Filo reported < href="https://www.kitco.com/news/2021-05-13/Filo-Mining-jumps-on-drill-results.html">"one of the best holes drilled globally."

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.