⚒️ Southern Hemisphere Mining Limited (ASX: SUH, FWB: NK4) advises that R Munoz Drilling from La Serena, Chile have been contracted to complete up to a 5,000m RC and Diamond drilling program at its Llahuin Copper-Gold-Moly Project in Chile.

The program aims to add to the endowment of Llahuin from the current 680kt CuEq resource ahead of a JORC resource update in H2 2025.

The drilling program is designed to delineate the deeper core of the large Cerro-Ferro porphyry deposits (+2km strike) to increase tonnes at higher grades to add to the copper endowment towards establishing economic parameters for mining studies.

One key target hole is an extension of DDLLA004 which was drilled in 2013 to 644m, and lines up to the target zone north of Cerro for a lower cost extension to ~1,200m depth.

Figure 1. Cerro-Ferro deposits and 3D litho- Geochem depth target outlined in red.

View the Full PDF of the ASX Announcement

HIGHLIGHTS
  • Southern Hemisphere Mining has entered into a drilling contract for RC and Diamond drilling at its flagship Llahuin Copper-Gold-Moly Project commencing early October towards a resource upgrade in H2 2025 from the current 680kt CuEq resource
  • The drilling program is designed to increase tonnes at potentially higher grades to add to the copper endowment towards establishing economic parameters for mining studies
  • Delineating the deeper core of the large Cerro-Ferro deposits (+2km strike) for potential higher grades is a key part of the program
  • The large Curiosity Copper-Gold Porphyry target will also be advanced with a possible deep diamond hole (RC pre-collar) with target depth refinement studies in progress

The RC drilling program will initially focus on the near surface Cu-Au mineralisation intersected in 23LHRC042 (48m at 0.48% CuEq from surface) drilled last year.

This is a new zone south of Ferro which was part of the southern soil anomaly and had not been previously drilled. It is a good opportunity to add near surface higher grade tonnes to the current resource.

Figure 2. Planned RC Ferro South

Curiosity Copper-Gold Target – Southern Porphyry

The large Curiosity Copper-Gold Porphyry target will also be advanced with a possible deep diamond hole (RC pre-collar) once target depth refinement studies are completed.

A comprehensive 409 rock chip and pulp sampling program on a nominal 200m spaced grid has been completed with all samples assayed using 4 acid digestion and ICPMS, over the majority of the concession area to vector depth targets at Cerro-Ferro and Curiosity.

A number of these tested epithermal vein outcrops at Curiosity with highlight grades of up to 0.69% Cu, 7.38g/t Au, 8.3g/t Ag and 459ppm Mo adding support to the large-scale potential copper target at Curiosity. Details listed in Appendix 1.

Regular updates will be provided during the drilling and as assay results are received from the ALS laboratory in Santiago with first results expected mid-November.

Figure 3. Location of SUH Company Projects in Chile

The Full PDF is available below.

View the Full PDF of the ASX Announcement
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 September 2024 | ASX Code: SUH | Frankfurt Exchange: NK4

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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 Lago Lithium Exploration Project, and the Los Pumas Manganese EV Battery Project, all of which were discovered by the Company.

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