Southern Hemisphere Mining Limited is pleased to report on the progress of the soil sampling program at the Company’s wholly owned Colina2 Gold-Copper Project in Chile.
HIGHLIGHTS – Download the ASX PDF Release
- A total of 144 -1mm soil samples were collected at the Colina2 Project to verify historical soil results over the licence.
- Results were very encouraging with two samples over 0.5g/t Au (620ppb Max) in areas not currently drill tested.
- Further sampling is planned to cover the additional new 14 licences at the Colina2 Project.
- Regional rockchip and mapping program is rapidly advancing with over 160 samples collected to date.
A soil sampling program comprising of 144 samples was conducted in June / July 2022 at the Colina2 Project in Chile. This program was designed to verify historic soil sampling on the project from previous explorers. Recent soil sampling results have confirmed that the historic soil samples need to be resampled.
Figure 1: Southern Hemisphere Mining’s Project Location Map Chile
The gold contour shown below is a +50ppb Au in soil contour and shows considerable potential in the area over a potential 1km length with a new gold anomaly in the southern end of the Colina2 Project.
Figure 2: Colina2 Gold in soils with 0.05ppm (+50ppb) and 0.02ppm Au contours.
The gold in soil results show good correlation with the RC drilling program completed last year and further soil sampling is expected to provide new drilling targets in the coming months.
Figure 3: Colina2 gold in soil results (ppm) vs RC results 6536350N (ref: ASX Release 13/9/2021)
Figure 4: Cu (ppm) in soil results Colina2 Project.
The system appears to link up with the old Colo Mine to the NW and as such further sampling is required in this area. Copper results show a patchier nature but generally follow the gold trend in the centre of the licence and some new anomalies in the southern licence.
Further sampling is required to get an overall picture of the new gold and copper trends at Colina2. Historical data showed a NE trend to the gold in soil trend whilst the new data shows a NW-NS trend which is consistent with data from the regional rockchip program.
Figure 5: Ag(ppm) in soils Colina2 Project.
The silver shows a similar distribution to the gold especially in the central part of the project area. The western anomaly coincides with anomalous copper and will require further sampling to better define the potential. The highest value silver coincides with the 0.5ppm gold result in the south which is very encouraging.
A review of the laboratory multi-element soil data by Sugden Geoscience concluded “The element signature is suggestive of a deeper seated high sulfidation system”, which supports the current exploration concept for the Colina2 Project.
The soil sampling program was stopped due to rain and snow, which made access to the project area difficult. The program will resume in September.
A program of regional rockchips is currently being done on the wider project area focused on the numerous Pirquineros (old workings) with results expected in the next month.
The latest soils were collected over the southern area of the Colina2 Project on an approximate 200m line and 50m sample spacing, by removal of the top 20cm and sampling the “B-Horizon” which is then sieved to -1mm with an average of 600grams into a paper Geochem bag. A library sample record of 100 grams is kept in RC chip trays for future reference and the remaining sample approximately 500 grams was sent to the laboratory for Gold and Multi-element analysis at ALS La Serena in Chile.
Results from the recently completed drilling at the project are in progress and will be reported in due course.
News Release
Date: 8 September 2022 | ASX Code: SUH
COMPETENT PERSON / QUALIFIED PERSON STATEMENT:
The information in this report that relates to copper and gold exploration results for the Company’s Projects is based on information compiled by Mr Adam Anderson, who is a Member of The Australasian Institute of Mining and Metallurgy and The Australian Institute of Geoscientists. Mr Anderson has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration, and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Anderson is a consultant for the Company and consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.
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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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