Southern Hemisphere Mining Limited (ASX:SUH) Reports Major Drill Results
Interim Drilling Results
Southern Hemisphere Mining Limited (ASX:SUH) has reported significant interim drilling results from its Llahuin Copper-Gold-Moly Project in Chile. The recent reverse circulation (RC) drilling has expanded the strike length from 1.9km to 2.2km, with further results anticipated in H1 2025, coinciding with an updated JORC resource estimate.
The major results include: 81m at 0.49% CuEq from 2m, with a notable 48m at 0.58% CuEq from 30m (hole 24LHRC055); 122m at 0.41% CuEq from 2m, including 58m at 0.49% CuEq from 66m (hole 24LHRC048); and 16m at 0.52% CuEq from 102m (hole 24LHRC051). Numerous holes remain open at depth for potential diamond tails in Q1.
Expansion Opportunities
The drilling has also identified a potential feeder zone at Cerro, which is now set for diamond drilling extension. A Magneto-Telluric (MT) survey is underway to further assess deep copper targets, which will complement the current geological data.
Chairman Mr. Stowell expressed confidence in the project’s potential, stating, “Our team continues to demonstrate the Llahuin Copper-Gold-Moly deposit’s large scale… Importantly, recent results also confirm a significant expansion of the Cerro-Ferro deposits.” He highlighted efforts at the new Curiosity Target south of Ferro and the importance of the ongoing MT survey.
The company remains cautiously optimistic about advancing its resource estimate and exploring deeper geological structures.
Financial Position
As of the end of the last quarter, Southern Hemisphere Mining holds A$4 million in cash, positioning it for ongoing exploration and operational development at the Llahuin project.
Results from the drill campaign continue to be processed, with further updates expected in due course.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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