Southern Hemisphere Mining Limited has released its Quarterly Activities Report for the period ending 31 December 2022.
EXPLORATION ACTIVITIES (View PDF)
⚒️ During the quarter under review, the Company’s team of Geologists continued the extensive task of re-logging and re-interpretation of the geological system at the Llahuin Copper/Gold/Moly Project, following the results of over 20km of historical diamond core.
The geological re-interpretation work shows scale, as a substantial structurally controlled porphyry/breccia system is evident across the whole central deposit, which may continue across the other two deposits Cerro De Oro and Ferrocarril.
This is why, whilst the re-interpretation work is extensive and a significant process, it is extremely important and considered a positive for the Llahuin Project, as it will add to the ability to scale up on open pit and deeper underground targets to materially add to the copper endowment of the project.
A best result of 440m at 0.75% CuEq (inc 208m at 1.2% CuEq from 2m depth) was previously intersected in drillhole DDLLA021 at the Central Porphyry.
Rockchips at Colina2 show many high grade copper oxide targets with a best result of 3.04% Cu (3.88% CuEq) and 9.2g/t Ag in the northwest of the project area.
The Llahuin and Colina2 Projects sit within the newly recognised NW metallogenic domain which also hosts the giant Los Pelambres Copper Mine (Figure 1).
(Refer ASX Announcement: dated 4 October 2022, Llahuin Copper/Gold/Moly 680kt CuEq deposit – Chile – Geological Re-Interpretation Shows Scale)
Figure 1. Llahuin/Colina2 Chile Location Map showing Metallogenic Domains.
⚒️ On 8 November 2022, the Company reported a substantial 1.9km long copper in soil anomaly (+800ppm Cu) identified along the Cerro-Ferro trend, interpreted as one large system, with indicated width of 200m to 300m with a peak value of 1.4% Cu.
(Refer ASX Announcement – New 1.9km long target at large Lluhuin Copper Project – Chile)
⚒️ On 29 November 2022, the Company reported a substantial copper in soil anomaly identified in the Southern part of the Llahuin Project with a peak value of 0.19% Cu. The anomaly has a similar footprint to the Central Porphyry which has not been previoulsy been drilled.
(Refer ASX Announcement – New Copper in Soil Anomaly – Llahuin Project)
Figure 2: The Central and Southern parts of the Llahuin Project with the Cerro & Ferro deposits.
On 19 November 2022, the Company welcomed Mrs Natalie Dawson to the Board as a Non-Executive Director. Mrs Dawson has a highly accomplished skillset and experience and has been appointed to lead the Los Pumas Battery Manganese Project.
View the full PDF of the Quarterly Activities Report here.
Date: 30 January 2023 | 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.
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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