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- Freehill Mining (FHS) has begun a three-hole, 1500-metre diamond drill program at its El Dorado project in Chile
- The first drill hole will test a high-intensity, induced polarisation anomaly identified during exploration activities in late 2020
- The remaining two drill holes will test a number of targets outlined during the recent mapping and geophysical survey undertaken in December 2019
- The drill program is expected to take five weeks, with core samples from all holes to be submitted to ALS Global in Chile for analysis
- Freehill Mining is up 2.78 per cent, trading at 3.7 cents
Freehill Mining (FHS) has begun a three-hole, 1500-metre diamond drill program at its El Dorado project in Chile.
El Dorado is highly prospective for copper and gold, with a rig currently drilling the first of three targets.
The first drill hole has been designed to test the high-intensity induced polarisation anomaly identified during exploration activities in late 2020. The remaining two drill holes are planned to test a number of targets outlined during a recent mapping and geophysical survey undertaken in December 2019.
The drill program is expected to take five weeks, with core samples from all holes to be submitted to ALS Global in Chile for analysis.
“The drill program at El Dorado is the next logical step in expanding Freehill’s exploration activities on this highly prospective target,”said Chief Executive Officer Paul Davies.
“El Dorado is prospective for two commodities that have excellent fundamentals and where the pricing outlook is favourable, copper and gold.”
Freehill Mining is up 2.78 per cent, trading at 3.7 cents at 4:00 pm AEST.
