Third Generation Mining Family Finds 6.5 Mil Oz of Gold
"I'm the third generation of a natural resource family, I have big shoes to fill. I couldn't be more focused on creating shareholder value. Our flagsh …
CEO and President of Filo Mining, Adam Lundin discusses their flagship project Filo Del Sol situated in the Andes.
"I'm the third generation of a natural resource family, I have big shoes to fill. I couldn't be more focused on creating shareholder value. Our flagship project, Filo Del Sol is situated in the Andes. We straddle the border of Chile and Argentina.
We've recently completed a pre-feasibility study which shows a robust mine life of twelve years producing significant amounts of copper, gold and silver. We've only drilled off 20 percent of our acreage package but so far we have six and a half million ounces of gold, over 150 million ounces of silver and just under four and a half billion pounds of copper. The key revenue driver at Filo Del Sol is our copper. Demonstrated in the pre-feasibility study, over 30 percent of our revenues derived from our copper production.
The cheapest way to extract your metals is through the heap leach process. We're focused on three metals copper, gold and silver and all three of these metals have demonstrated through metallurgical test work that they are all leachable. In future plans at Filo would embark on a exploration program where we hope to increase the resource. Currently right now at Filo we have three rigs turning as we speak. We're drilling off the copper-gold porphyry system which sits at depth and we hope to have results out in the second quarter of 2019.
The board and management team combined own over 30 percent of the outstanding shares issued in Filo Mining. I think an investor would be hard pressed to find another board and management team with such a significant equity position." CEO and President Adam Lundin.
Filo Mining is part of the Lundin Group of Companies
Filo Mining Corp. is a Canadian mining company focused on advancing the Company's key project, Filo del Sol. Filo del Sol hosts a high-sulphidation epithermal copper-gold-silver deposit associated with a large porphyry copper-gold system.
For more information on Filo Mining (FIL:TSX.V) please fill out the form below.
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