Big copper target lurking for Southern Hemisphere, | Australian Markets

Southern Hemisphere Mining and JV accomplice FMR Resources say that reprocessed geophysics at their Llahuin’s Curiosity–Southern porphyry on the Llahuin Copper‑gold‑moly project in Chile might need a copper tiger by the tail.

The JV companions say the reprocessed geophysical reinterpretation mixing MT, IP, and magnetic survey knowledge with subject mapping and historic drill-logging is displaying all of the potential hallmarks of a massive copper porphyry target lurking at depth.

The latest geophysical development builds on Southern Hemisphere and FMR’s current useful resource uplift to 218 Mt at 0.38 per cent copper equal, containing roughly 496,600 tonnes of copper, 654,000 ounces of gold, and 12,500 tonnes of molybdenum. That determine is backed up by a additional 260–340 million tonne exploration target throughout the Llahuin area.

Llahuin sits in Chile’s copper heartland of Coquimbo, roughly 350km north of Santiago with energy, roads, and logistics already in play. Southern Hemisphere’s subject groups, along with FMR, flagged argillic alteration, silicification, quartz veining, and oxide-after-sulphide textures at floor, all hallmarks of a porphyry system proper above the newly mapped geophysical footprint.

The newly-modelled 3D inversion highlights a low-resistivity anomaly plunging more than 1,400m beneath the floor and lengthening laterally over 1 km, more textbook pink flags for porphyry structure. Chairman Mark Stowell referred to as the geometry “textbook” and likened it to the well-known Valeriano deposit, signalling each technical pedigree and scale.

To sharpen concentrating on, Southern Hemisphere is revisiting historic drill knowledge: a standout intercept, for instance, included 164m at 0.16 per cent copper equal from close to floor and deeper, far richer grade hits like 2m at 1.45 per cent copper equal from round 168m. The staged knowledge layers now feed into a tight concentrating on model forward of deep drilling.

Under the phrases of the JV framework with Southern Hemisphere, FMR can earn up to 60 per cent of the southern concessions, funding exploration that’s pegged to incorporate a minimal 1,400m deep gap into Curiosity. A$2.2 million capital raise and assist from heavy-hitter Mark Creasy has lent weight to the three way partnership push.

The subsequent stage for the JV companions is to check the new geophysical theories with the rotary fact diviner which is anticipated to occur quickly – watch this space.

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