Southern Hemisphere Mining Limited reports a major advancement at the 100% owned Colina2 Gold Project in Chile, with the intercept in the third RC drillhole of 34m@ 1.39g/t Gold from 24m depth, and confirming epithermal style mineralisation.
Drilling continues in the maiden 17 hole program and is expected to conclude later next week.
Colina2 Maiden Gold Discovery Drillhole-34m @ 1.39g/t Au from 24m
- Results have been received for the first 4 RC drillholes at Colina2 with further results pending.
- Drilling has intersected variably silica-epidote-chlorite altered epithermal hydrothermal breccias with pyrite.
Assays have been received from the ALS laboratory in Chile for the first 4 drillholes -refer Table 1 below: and results are pending for subsequent drillholes completed.
Note there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.
Colina2 is located 8km to the NW of the company’s 100% owned Llahuin Copper/Gold/Moly Project.
Drilling progress is shown in Figure 2 below.
The Colina2 drilling program comprising 17 holes and approximately 2800m should be completed by next week. Further results will be reported as assays are received and analysed.
Llahuin Copper/Gold/Moly Project (100%)
RC and diamond drilling at the Llahuin Copper/Gold Project testing a number of targets is scheduled to follow after Colina2, for completion in H2 2021. Drone Mag has been completed and interpretation and analysis is in progress to refine and possibly add drill targets to the upcoming program.
For more detailed results – please download the News Release PDF here.
Date: 13 September 2021 | ASX Code: SUH
Southern Hemisphere Mining Limited is a successful copper-gold explorer in Chile, the world’s leading copper producing country and one of the most prospective regions of the world for major new copper discoveries.