Filo Del Sol Project Expansion Of The Aurora Zone

VANCOUVER - Filo Corp. reported on the the Filo del Sol Project expansion of the Aurora Zone. Highlights and detailed results: 1) Drillhole FSDH107 intersected 1,270.0m at 0.92% CuEq from 298.0m in the Aurora Zone, including: 52.0m at 218.5 g/t Ag from 508.0m, and 624.0m at 1.13% CuEq from 606.0m. 2) Drillhole FSDH112 intersected 1,282.5m at 0.61% CuEq from 96.0m in the Bonita Zone, including: 528.5m at 0.97% CuEq from 659.5m, and 1.5km to the northeast of the intersection in FSDH107. 3) Drillhole FSDH113 intersected 833.7m at 0.64% CuEq from 532.3m in the Bonita Zone, including: 510.0m at 0.71% CuEq from 590.0m. 4) Drillhole FSDH116 intersected 610.0m at 0.39 g/t Au, 0.15% Cu and 2.2 g/t Ag from 22.0m in the Tamberias Zone. 5) 4.3km to the southwest of the intersection in FSDH112.

Jamie Beck, President, and CEO, said, "Hole 107 has provided an expansion of the Aurora Zone, 300m to the west of hole 41.  We now interpret mineralization on this section to have a minimum east-west width of 700m, remaining open in both directions.  Additionally, holes 112 and 113 confirm the strong mineralization encountered in the Bonita area and are helping us to target the high-grade corridor running throughout the deposit with several of the current holes.  Three kilometres to the south of hole 107 we have confirmed a gold-rich porphyry in hole 116 in the Tamberias area, further expanding the footprint of the overall deposit.  We have now drilled continuous mineralization over 5.5 kilometres between holes 116 in the south and 114 in the north, with hole 107 expanding the width, and still the deposit is open in all directions. The previously announced arrangement with BHP and Lundin Mining is progressing on schedule and is anticipated to be completed in the first quarter of 2025.”

FSDH099 and FSDH110 were collared on the western side of the deposit, 200m apart on sections 9200N and 9000N respectively, and drilled back towards the east across the Aurora Zone.  Both holes were lost due to technical drilling challenges exacerbated by sitting idle over the winter, just as they were entering the main high-grade zone.  The final 20m averaged 1.00% CuEq (0.81% Cu, 0.23 g/t Au, 2.7 g/t Ag) in FSDH099 and 1.29% CuEq (0.82% Cu, 0.45 g/t Au, 16.2 g/t Ag) in FSDH110.

Both holes intersected the shallow copper oxide zone well outside of the current mineral resource, from 392.0m in FSDH099 and from 362.0m in FSDH110, before entering the main sulphide mineralization.

FSDH107 was collared on Section 9200N and drilled to the west at -70o, targeting the western extension of the Aurora Zone.

A 68.0m zone of oxide gold mineralization was intersected from 424.0m to 492.0m, including a 20.0m section at 1.46 g/t gold, followed by a 52.0m section at 218.5 g/t silver starting at 508.0m.  Primary sulphide mineralization starts at 564.0m and continues to the end of the hole, including a 624.0m section averaging 1.13% CuEq. This hole has extended the Aurora Zone to the west by 300m, and the zone remains wide open in that direction.

FSDH112 hole intersected a broad zone of good mineralization from 96.0m, including the key high-grade corridor with 528.5m at 0.97% CuEq from 659.5m.  For reference, this intersection is 1.5km northeast of the intersection in FSDH107 and is thought to be continuous between the two holes.

FSDH113 was collared on Section 10700N, between holes FSDH091 and FSDH112, and drilled towards the east at an angle of -70o in order to test for an extension to a high-grade corridor intersected in those two holes.

This hole appears to have passed just above, and to the east of, the high-grade corridor, confirming a large zone of good grade mineralization flanking it and helping to target the centre of the zone.

FSDH116 was drilled in the Tamberias Zone, well south of Aurora and Bonita, to follow up on a north westerly-trending zone of auriferous sheeted veins exposed in surface trenching.  Four trenches along a strike length of almost 700m returned 230m at 0.36 g/t Au, 470m at 0.32 g/t Au, 227m at 0.45 g/t Au and 90m at 0.35 g/t Au.  The hole intersected two sheeted vein zones including 58.0m at 0.92 g/t Au and 24.2m at 0.88 g/t Au confirming the continuation to depth of the surface mineralization.  Overall, the hole intersected a 610.0m section with an elevated gold:copper ratio (0.39 g/t Au and 0.15% Cu) compared to mineralization to the north.