Drill rigs at Los Helados targeting the Condor and Fenix zone. NGEx image
In 2016, NGEx Resources spun off their Filo de Sol holding into Filo Mining to highlight the potential of this project, recalls Wojtek Wodzicki, the current CEO of NGEx Minerals who helmed NGEx Resources at the time of the spinout. “Los Helados is the biggest resource in the district,” says Wodzicki. “We drilled around 10,000 metres last year and we're planning to drill something similar this year. We need to understand the extent of the high-grade zones and the drilling is focused on that.”
“Over the past year, we’ve performed a geological reinterpretation that really helped us focus on what was controlling the highest-grade portions of our deposits,” notes Wodzicki. “That’s transformed our thinking about that project, last year we intersected one of the best holes in the copper space hitting 1290 metres at 0.74% CuEq , this year we're going to try and add as much high-grade material to that as we can over the next three to four months.