Southern Hemisphere-FMR JV to drill big Chilean | Australian Markets

Southern Hemisphere Mining and its new three way partnership associate, FMR Resources, have finalised plans for a 4000-metre section one drilling program on the Southern Porphyry goal within the Llahuin copper-gold project in Chile.

The program, set to kick off in late September, will take a look at 4 high-priority targets outlined by superior geophysical remodelling and floor mapping to unlock the potential of the massive, undrilled copper porphyry system. Targets A and D have been prioritised for first cross work.

The drilling contract has been awarded to Big Bear Drilling SpA, a firm with experience in directional drilling. Directional drilling permits for environment friendly use of daughter holes turned off from mum or dad holes to maximise geological insights with the least potential meterage.

Statutory approvals have been submitted, and website preparations are effectively superior. Each gap, starting from 1000m to 1600m in depth, is predicted to take three to 5 weeks to full. The program will run for about three months.

ALS Santiago will course of the analyses and is predicted to ship outcomes 4 to six weeks after every gap is accomplished.

Target A, the primary to be drilled, will attain 1600m to take a look at near-surface induced polarisation (IP) chargeability and resistivity options linked to the Santa Maria epithermal vein system, earlier than probing a deeper magneto-telluric (MT) anomaly.

If vital mineralisation is encountered, follow-up holes could also be drilled from the identical platform.

Target D, deliberate to attain 1000m, will intersect shallower IP and MT anomalies and also will take a look at a deeper MT characteristic to help map the system’s geometry alongside strike from Target A.

Awarding the drill contract is one other main milestone for FMR. With Big Bear Drilling on board and website preparations advancing, we are actually weeks away from drill testing what we consider is one of probably the most compelling undrilled copper porphyry targets in Chile. The skill to utilise directional drilling techniques will enable us to take a look at this system with higher effectivity and precision.

The Southern Porphyry goal lies within a 6-kilometre mineralised hall at Llahuin, internet hosting a number of copper-gold-molybdenum porphyry centres.

Recent discipline mapping has recognized argillic alteration, silicification and epithermal quartz veining, with secondary copper mineralisation typical of a porphyry system’s higher ranges.

Re-logging of historic drill holes confirms hydrothermal alteration and disseminated chalcopyrite-pyrite – copper and iron sulphides – at depth, suggesting a telescoped system with epithermal veining overlying a deeper porphyry core.

Integration of aeromagnetic, MT and IP knowledge additional helps the interpretation of a probably vital copper porphyry system.

Under the three way partnership, introduced on June 16, FMR Resources will earn up to a 60 per cent curiosity in Llahuin by funding up to $13 million in exploration expenditure and making funds totalling $2.67 million over two levels.

Southern Hemisphere retains a vital stake on this promising project, together with 100 per cent of its northern concessions and their assets. The company can also be exploring targets comparable to Ferro West and the Cardawan copper project.

Next month’s section one program marks a important step in assessing the size and financial potential of the Southern Porphyry system.

As Southern Hemisphere and FMR Resources launch the pivotal marketing campaign, the Llahuin project stands on the cusp of probably unveiling a main copper porphyry system. The outcomes might drive vital worth in Chile’s mineral-rich panorama.

Is your ASX-listed company doing one thing attention-grabbing? Contact: [email protected]