Outstanding drill results.

Key Concepts

• Filo Sur: The flagship mining project currently being explored.
• Mineralization: The process or state in which minerals are deposited in rock.
• High-Grade Interval: A section of a drill core containing a high concentration of valuable metals.
• Copper Equivalent (CuEq): A metric used to express the total value of a deposit by converting gold, silver, and molybdenum grades into a single copper-equivalent percentage.
• Molybdenum (Moly): A metallic element often found in copper deposits, used as an alloying agent.

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Overview of Drill Results at Filo Sur

The recent surge in the company's stock price is directly attributed to the release of exceptional drill results from the Filo Sur flagship project. The data indicates significant mineralization that remains "open," meaning the deposit continues beyond the current depth of the drill hole.

Technical Breakdown of Mineralization

The company reported a broad, high-grade interval of mineralization. The primary findings include:

• Total Interval: 86 meters (from 108 meters to 194 meters).
• Composition:
  • 0.7% Copper
  • 0.55 g/t Gold
  • 2.7 g/t Silver
  • 169 ppm Molybdenum
• Status: The drill hole ended in mineralization, suggesting that the deposit extends further than the current lab results indicate.

High-Grade Sub-Intervals

Within the broader 86-meter interval, the company identified a more concentrated "sweet spot" that demonstrates higher economic potential:

• Sub-Interval: 43 meters.
• Composition:
  • 1.1% Copper
  • 0.82 g/t Gold
  • 4 g/t Silver
  • Increased Molybdenum concentration compared to the broader interval.

Strategic Significance

The speaker emphasizes that these results are "truly outstanding" due to the combination of high grades and the breadth of the mineralized zone. The fact that the mineralization is still present at the end of the reported interval is a critical indicator for geologists, as it implies the potential for a much larger resource than currently defined. The presence of specific copper minerals within these intervals further validates the quality of the deposit.

Synthesis and Conclusion

The drill results from Filo Sur represent a significant milestone for the company. By demonstrating both high-grade copper and gold concentrations over substantial widths, the project has successfully triggered positive market sentiment. The key takeaway is the continuity of the mineralization and the potential for further expansion, as the current drilling has not yet reached the limits of the deposit. Future exploration will likely focus on defining the full extent of this mineralized body.