Southern Hemisphere Mining Limited reports high-grade rock chips up to 7.28% Cu, 18.65g/t Au and 55g/t Ag as the Company continues to expand the mineralised footprint of the Llahuin Copper/Gold/Moly Project in Chile.
HIGHLIGHTS – View PDF
- A rock chip sampling and mapping program started in 2022 and continuing in 2023 has identified further high-grade veins in the Llahuin Project area 500m North of the CerroFerro 1.9km Geochem target
- Gold panned in samples
- Vein swarms host the higher-grade mineralisation within the porphyry breccia, so understanding the vein systems is important in refining drill hole locations
- Several high-grade veins west of Ferrocarril were sampled up to 7.28% Cu
- An outcropping vein 500m north of Cerro de Oro 18.65g/t Au, 0.1% Cu and 1g/t Ag and 4m along strike with 7.56g/t Au, 0.09% Cu and 2g/t Ag
Figure 1. Location Map of Llahuin Project – Chile
Southern Hemisphere Mining Limited reports that the geological mapping of areas previously unexplored within the project area continues and has identified additional mineralised veins in areas outside known resources in the project area.
All rock chip assays are presented in Table 1 below with better grades highlighted in red.
Figure 2. Project map showing the large growth target at Cerro-Ferro deposits link and comparative scale to the Kalgoorlie Super-Pit
Figure 3. Location of high-grade gold samples north of Cerro De Oro resource
The high-grade gold rock chips are from a vein 500m north of Cerro de Oro which was revisited and 5 samples were collected and crushed and panned for gold at site with all five showing visible gold tails in the pan.
One sample about half a fist size produced a 2.5cm long gold tail (Figure 5) with further methodical sampling planned to test the vein in the historical adit.
Several north trending and east dipping veins were sampled west of Ferrocarril with high grade copper with the location shown in Figure 4 below.
Figure 4. Ferrocarril high-grade copper veins
Figure 5. Panned gold tail (near sample 22LHR000297 and 299)
The Company regularly submits standards and blanks with each laboratory submission as part of the on-going QAQC program. No issues with the ALS laboratory data have been observed for the rock chip sampling program.
The mapping and sampling program is continuing in 2023 to add to the understanding of the veins and vein swarms to assist in refining drill locations . Further exploration work continues to expand the target opportunities for copper/gold/moly/silver resource expansion within the concessions.
Appendix 1. Rock chip Location Data and Results Llahuin Recent Gold± Copper ± Silver Rock chip Results
Also announced today – Southern Hemisphere Mining Limited has dual listed on the Frankfurt Stock Exchange (FWB) under ticker code N4K
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.
News Release
Date: 19 April 2023 | ASX Code: SUH
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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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