Join our daily newsletter At The Bell to receive exclusive market insights
- Southern Hemisphere Mining (SUH) commences diamond drilling at its Llahuin copper-gold moly project and Colina2 gold project in Chile
- The drilling program will commence at Llahuin for two orientated drill holes, following this, the rig will move to the Colina2 gold project to drill up to six holes
- Colina2 is about eight kilometres to the northwest of Llahuin and results so far at the project include 34 metres at 1.39 grams per tonne of gold from 24 metres
- SUH shares were up 8.70 per cent and trading at 2.5 cents per share at market close
Southern Hemisphere Mining (SUH) has commenced diamond drilling at its Llahuin copper-gold moly project and Colina2 gold project in Chile.
The drilling program will commence at Llahuin for two orientated drill holes, following this, the rig will move to the Colina2 gold project to drill up to six holes.
Colina2 is about eight kilometres to the northwest of Llahuin and results so far at the project include 34 metres at 1.39 grams per tonne of gold from 24 metres.
Llahuin’s current resource is in the measured and indicated category at 149 million tonnes at 0.41 per cent copper equivalent, which the company is aiming to expand significantly.
Southern Hemisphere’s exploration team has “made good progress” with 60 kilometres of drilling data to date and a large database.
The company said all this data is being validated and incorporated into the database, for the first time. This will help Southern Hemisphere have a geological understanding of the project going forward.
On the market this afternoon, SUH shares were up 8.70 per cent and trading at 2.5 cents per share at market close.
