Southern Hemisphere Mining Limited reports the commencement of drilling at the Llahuin Copper-Gold-Moly Project, which comprises two orientated diamond drill holes.
On completion the rig will move to the Colina2 Gold Project for a carefully targeted orientated diamond drilling program of 4-6 holes.
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- A targeted diamond drill program has commenced at Llahuin for two orientated drill holes.
- 4-6 orientated diamond holes at Colina2 following up initial discovery results of 2021 drilling, including 34m @1.39g/t Au from 24m.
- Large database of all exploration data being validated and compiled.
- The Company notes the Chilean government general assembly’s recent confirmation of the continued stability of the country’s mining laws.
Figure 1. Llahuin/Colina2 Chile Location Map
Results to date at Colina2 include 34m @1.39g/t Au from 24m in drillhole 21CLRC003 (ASX release 13 September 2021) which is one of the key follow-up zones.
Colina2 is located 8km to the NW of the company’s 100% owned Llahuin Copper/Gold/Moly Project.
Llahuin Copper-Gold-Moly Project (100%)
The Llahuin large copper/gold/moly porphyry system is located 8km SE from Colina2, and 8km East of the El Espino Copper/Gold mine development (Pucobre).
The current resource at Llahuin is in the measured and indicated category- 149mt@ 0.41%CuEq which the Company is working to expand significantly.
The exploration team has made good progress, with the ~60km of drilling to date, and a large database of drill results, soil sampling, magnetics, geophysical studies etc., historically costing tens of millions of dollars to acquire. All of this data is being validated and incorporated into one database (the first time that this has been done), which will be of enormous value for geological understanding going forward – increasing exploration success for less cost.
Fig 2. Drill rig on location at Llahuin – May 2022
Chile Mining Laws
The Company notes the Chilean government general assembly’s recent confirmation of the continued stability of the country’s mining laws, which is timely and supports the Company’s further investment into these advancing copper and gold projects.
Date: 17 May 2022 | ASX Code: SUH
Southern Hemisphere Mining Limited is an experienced minerals explorer in Chile, South America. Chile is the world’s leading copper producing country and one of the most prospective regions of the world for major new copper discoveries. The Company’s projects include the Llahuin Porphyry Copper-Gold-Moly Project, the adjacent Colina 2 Gold Project, and the Los Pumas Manganese EV Battery Project, all of which were discovered by the Company.
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