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- Freehill Mining (FHS) has successfully identified a large potential copper structure at its El Dorado Project in Chile
- The company has revealed that this structure is 10 times larger than the structure identified from hole ES-001
- This new structure spans one-kilometre by 500-metres and has a mineralised halo twice the size
- The structure was identified via an induced polarisation survey that followed a successful surface mapping and channel sampling program which identified three targets
- The survey was completed at only one of the targets and a diamond drilling program to test this target is now under consideration
- Freehill is down 4.17 per cent with shares currently trading at 6.9 cents
Freehill Mining (FHS) has successfully identified a large potential copper structure at its El Dorado Project in Chile.
The company has revealed that this structure is 10 times larger than the structure identified from hole ES-001 and lies 800 metres to the south.
This new structure spans one-kilometre by 500-metres and has a mineralised halo twice that size.
This new structure was identified via an induced polarisation (IP) survey that followed a successful surface mapping and channel sampling program.
The mapping and sampling identified three targets and returned up to 2.5 per cent copper and 1.32g/t gold.
The IP survey was completed at only one of the targets and a 2.8-kilometre area to the north remains untested.
A diamond drilling program to test this target is now under consideration, subject to the identification of suitable drilling sites and data review.
“This is undoubtedly a fantastic development for Freehill and potentially confirms that El Dorado hosts a huge copper structure. The high-intensity core itself covers an area over one kilometre long and 500 metres wide and it’s surrounded by a mineralised halo twice the size so there is significant exploration potential across this broader area,” CEO Peter Hinner said.
“This IP has similar characteristics to the much smaller structure we drilled at Yerbas Buenas where we intersected 144 metres of copper mineralisation at surface. Delivering similar results at El Dorado is our objective and we have every confidence we can do so,” he added.
Freehill is down 4.17 per cent with shares trading at 6.9 cents at 2:21 pm AEDT.
