Southern Hemisphere drills big copper runs at | Australian Markets

Southern Hemisphere Mining has nailed a crop of copper runs in final 12 months’s drilling outcomes at its Llahuin copper-gold-molybdenum project in Chile, topped by a 105m run at 0.64pc copper equal.

That prime reverse circulation (RC) run consists of 16m assaying 0.85 per cent copper equal from floor and 26m going 0.91 per cent copper equal from 78m.

A second gap pierced 81m going 0.49 per cent copper equal from 2m to finish of gap, together with 48m assaying 0.58 per cent copper equal from 30m.

A 3rd gap probed an spectacular 132m going 0.48 per cent copper equal from floor, together with 60m operating 0.67 per cent copper equal from floor.

Two different holes bored out 122m at 0.41 per cent copper equal, together with 48m assaying 0.52 per cent from 66m and 16m at 0.51 per cent copper equal from 102m, respectively.

The 2024 RC drilling program accomplished a whole of 2728m throughout 26 holes, ranging in depth from 53m to 168m.

The outcomes have prolonged the strike of the Cerro-Ferro deposit system by 300m or about 15 per cent, to a whole distance of 2.2 kilometres. It seems to stay open at its northern and southern extremities.

The outcomes additional add to these gained from the company’s 2023 drilling marketing campaign that included one gap that intercepted 156m at 0.51 per cent copper equal from floor, together with 82m at 0.67 per cent copper equal from 46m and likewise 26m at 0.75 per cent copper equal from 48m.

A second 2023 gap intercepted 136m at 0.47 per cent copper equal from 42m, together with 32m at 0.66 per cent copper equal from 100m.

Remaining samples are nonetheless with the laboratory and the company is ready on the outcomes.

A number of of these RC holes at the moment are prepared for diamond tails to advance the depth and grade potential. The outcomes reinforce the massive scale of the Llahuin copper-gold-moly deposits to over 2.2km for CerroFerro, and open alongside strike each north and south. Mineralisation is from floor, optimum for open-pit mining configuration, and outcomes will likely be notably fascinating as we diamond drill deeper.

Southern Hemisphere’s drilling remains to be comparatively shallow and mineralisation usually happens at floor, which may considerably advance the open pit potential of the Llahuin project. It additionally helps planning for future testing to chase up the deeper underground mining potential under its a number of zones.

The hyperlink zone between the Ferro and Cerro deposits requires extra drilling, which may additionally considerably increase the project’s tonnage potential.

The company has undertaken an in depth magneto-telluric survey on the project and has accomplished the acquisition of area information.

Magneto-telluric surveying is a passive geophysical technique that makes use of natural time variations of the earth’s magnetic and electrical fields to measure {the electrical} resistivity of sub-surface deep goal geophysical systems.

The strategy has confirmed profitable in figuring out world-class copper porphyry deposits, together with Atex Assets’ Chilean Valeriano deposit.

Subsequent steps are to combine the MT survey information with current IP, aeromagnetic, and geochemical prospectivity mapping datasets to establish new shallow “blind” targets underneath colluvial cowl – which overlies a lot of the world – and likewise refine the deeper targets beneath the Cerro/Ferro and Curiosity prospects.

Administration says it’s producing an upgraded mineral useful resource estimate for Llahuin within the first half of this 12 months and it stays assured the project will proceed to ship a growth story.

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