Southern Hemisphere jags more thick Chilean copper | Australian Markets

Southern Hemisphere Mining has nailed additional copper hits up to 128 metres thick as half of its 2024 program consisting of 2728m drilled throughout 26 holes on the company’s flagship Llahuin copper-gold-molybdenum project, 350 kilometres north of Santiago in Chile.

Outcomes simply obtained from the drill program comprise the massive 128m hit stretching from a depth of 16m, which returned a grade of 0.41 per cent copper-equivalent ending in mineralisation. This included a 32m part going 0.57pc copper-equivalent from 66m.

An extra 30m working at 0.42pc copper-equivalent from floor included 26m at 0.56pc copper-equivalent from 40m to finish of gap and an 8m slice grading 0.96pc copper-equivalent from 42m.

The latest outcomes proceed the string of spectacular thick hits within the South American nation famend as the worldwide chief in copper manufacturing.

Earlier drilling reported a swag of intervals more than 100m thick, from floor or close to floor, with stable copper-equivalent grades containing a higher-grade part.

An intersection of 105m at 0.64pc from floor together with 26m going 0.91pc from 78m, 132m going 0.48pc from floor together with 60m at 0.67pc from floor, and 122m for 0.41pc from a depth of 2m together with 48m working 0.52pc from 66m.

Administration says many holes led to mineralisation and a diamond drilling marketing campaign within the first half of this yr will goal the mineralisation for depth extensions.

The neighbouring El Espino mine is simply 8km west of Llahuin and is in construction by Pucobre and Useful resource Capital Funds. Many of these reverse circulation (RC) holes intersected glorious porphyry-style grades over giant and huge zones and led to copper-gold mineralisation, which are actually prepared for diamond tails to advance the depth and grade potential.

Southern Hemisphere’s latest drilling program has outlined a new mineralised zone south of its Ferro deposit with the array of thick intercepts anticipated to feed into a useful resource improve within the first half of subsequent yr.

A possible feeder zone at its close by Cerro deposit has additionally been recognized and whereas the pre-collars are in place a diamond rig can be introduced in to drill “diamond tails” and hammer into the deeper bedrock.

A magnetotelluric (MT) survey is nearing completion and the company believes this may complement its present induced-polarisation, geochemical and drill information aiding its seek for deeper copper targets.

The survey is predicted to help the company goal deliberate deeper holes on the Cerro and Ferro deposits and a southern porphyry goal, Curiosity.

An MT survey is an electromagnetic geophysical methodology for measuring {the electrical} resistivity of the earth’s sub-surface. The surveys had been used to establish some world-class copper porphyry deposits within the area, together with Atex Sources’ 61-square-kilometre Valeriano deposit in northern Chile.

Southern Hemisphere’s latest 2728m drilling program additionally prolonged the project’s strike size 300m to the southwest, stretching it from 1.9km to 2.2km.

Mineralisation stays open in that direction and the company stays laser-focused on additional drilling to find out the project’s full potential.

Southern Hemisphere is especially serious about its Curiosity goal on the Southern Porphyry prospect. The goal sits 550m beneath the earlier Santa Maria gold workings and is about 1km in diameter with a depth of 2km.

The diameter of the goal stretches to 2km at depth.

Administration additionally stays centered on the ground that lies between the Cerro and Ferro deposits, which is called the Cerro-Ferro hyperlink. The realm has returned soil samples working about 1000 components per million copper.

The outcomes from final yr’s program are half of Southern Hemisphere’s plan revealed in September for a whole of 5000m of reverse circulation and diamond drilling to be undertaken on the web site.

It’s aiming so as to add scale to its copper useful resource that consists of 169 million tonnes grading 0.4pc copper-equivalent for 680,000t of copper-equivalent materials, which was measured below the previous 2004 JORC tips.

The up to date useful resource deliberate for the primary half of subsequent yr will set up a 2012 JORC-compliant up to date mineral useful resource. With many thick intervals from floor or shallow depths, the company feels there’s a prime alternative to bolster the useful resource with near-surface tonnes and supply for a potential open-pit operation on the project.

In a additional optimistic for the project’s development, water has been intersected in each gap drilled and testing signifies it to be a contemporary source. This gives the potential to supply all or the majority of the water that might be required during mine operations.

With many pundits persevering with to push the rising copper demand narrative to help manufacturing of cleaner vitality, Southern Hemisphere might discover itself chasing the fitting commodity in the fitting location.

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