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Southern Hemisphere Mining Ltd (ASX:SUH) has identified a significant strike extension at its Llahuin Copper-Gold-Moly Project in Chile after a phase of reverse circulation (RC) drilling which yielded extensions south of the Ferro deposit in particular.
Strike has been extended to 2.2 kilometres at the project, with drilling results including 81 metres at 0.49% copper equivalent (CuEq) from two metres, including 48 metres at 0.58% CuEq from 30 metres; and 122 metres at 0.41% CuEq from two metres, incl. 58 metres at 0.49% CuEq from 66 metres.
These latest results are a big boost to SUH ahead of its mineral resource estimate (MRE) update, which is due in the first half of 2025.
Chairman Mr Stowell said the drilling had shown great potential for this project.
“Our team continues to demonstrate the Llahuin Copper-Gold-Moly deposit’s large scale with the latest drill results extending the strike of the Cerro-Ferro deposits by 300m from 1.9km to over 2.2km,” he said.
“The system is still open along strike both north and south with the benefit of mineralisation largely from surface, optimum for open-pit mining configuration.
“Importantly, recent results also confirm a significant untested expansion of the Cerro-Ferro deposits, for strike, plunge and dip extensions. Regionally, the work we have undertaken is also starting to demonstrate what is on offer across the broader Llahuin Copper-Gold-Moly Project.”
SUH shares shifted up slightly on the news, and at 12:27 AEDT, they were trading at 3.4 cents – a rise of 3.03% since the market opened.
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