logo-loader
viewSouthern Hemisphere Mining

Southern Hemisphere Mining on track to deliver Llahuin copper Resource on drill results

au_south_america_map_350_4ed7f76cad512.jpg

Southern Hemisphere Mining (ASX: SUH; TSX-V: SH) has returned highly promising results from drilling at its Llahuin Copper Project in Chile, remaining on track for a maiden JORC Resource in the first Quarter of 2012.

Following the arrival of a second diamond drill rig and deepening of three previous reverse circulation drill holes results include:

- 133 metres at 0.44% copper from surface;
- 124 metres at 0.39% copper from 192 metres; and
- 294 metres at 0.30% copper from 232 metres , which included 82 metres at 0.39% copper.

Two further diamond drill holes are currently underway and geophysics (magnetic and IP) survey results have been received which are providing guidance to locate drill collars.

The drilling program at Llahuin continues to extend the mineralisation, which remains open at depth and along strike. Importantly, drilling continues to yield economic copper grades and has extended the porphyry footprint.

The results of the deeper holes provide encouragement to the company and the arrival of the second diamond drill rig will accelerate testing of the deeper mineralisation.

The JORC Resource is expected to lay the foundations for the commencement of a Scoping Study, also planned to commence during the first quarter of 2012.

Quick facts: Southern Hemisphere Mining

Price: 0.025 AUD

ASX:SUH
Market: ASX
Market Cap: $2.36 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Immotion plans fundraising following deal with Las Vegas resort

Immotion Group (LON:IMMO) has raised gross proceeds of £2.85mln from an 'oversubscribed' fundraising to accelerate its growth plans, and revealed it has inked a revenue-sharing deal with the MGM Mandalay Bay resort and casino in Las Vegas. CEO Martin Higginson tells Proactive London what the...

2 days, 9 hours ago

2 min read