Resource World Magazine

D E C E M B E R / J A N U A R Y 2 0 1 8 www.resourceworld.com 45 • A Newly Listed Gold Exploration Company • Headed by Jim Mustard, former Capital Market Analyst • Issued Shares: 12.3 million • Raised $750, 000 in IPO in September • Agreement to Acquire 70% of Mariposa Project, White Gold District, Yukon • Phase 1 Trenching Completed FNAU:CSE www.fourninesgold.ca Interval 1312m @ 0.67% Cu, 0.63 g/t Au, for 1.05% CuEq Several more drill holes have returned assays grading > 15% interest in Cascabel Cu-Au project in Ecuador financed through feasibility, plus ~10% shareholding in Cascabel JV partner SolGold Plc (for total ~23% interest in Cascabel) 2 projects under JV, and 3 drill ready projects Strategic Exploration Alliance with Ecuador's State Mining Company, ENAMI EP Miocene Au-Ag-Cu Project in Chile, next to Mirasol Titan & Atlas discoveries pleted that indicate the oxide zones are amenable to heap leach processing and the silver zone could either be leached or pro- cessed by flotation to produce a silver-rich concentrate. The gold oxide zone contains 710,000 ounces of gold indicated and 368,000 ounces of gold inferred. A copper-gold oxide zone contains 1.6 billion pounds of copper and 0.9 million ounces of gold (inferred) and a silver zone contains 83 million ounces of sil- ver indicated and 43 million ounces of silver inferred. These three zones are underlain by a copper-gold sulphide zone which has not been tested metallurgically, but management believes, based on the mineral characteristics, could be processed by flotation to produce concentrate. The heap leach recoveries in the Gold Oxide Zone were 93% for gold and 70% for silver, while the Copper-Gold Oxide Zone recoveries were 82% for copper from acid leaching, 87% for gold and 71% for silver from cyanide leaching. In the Silver Zone recoveries were 61% for copper, 64% for gold and 73% for silver. Filo Mining gained a 100% interest in Filo del Sol property, located 140 km southeast of the city of Copiapó, Chile after com- pleting a spin-out plan of arrangement with NGEx Resources Inc. [NGQ-TSX; Sweden; NGQRF-OTC] which then transferred the property to Filo Mining. The entire project is covered under the Mining Integration and Complementation Treaty between Chile and Argentina – an agree- ment which promotes and intensifies economic cooperation and physical integration between the two countries and allows for the free movement of goods and people along with a framework for cross-border mining. To date, there have been no cross border mines constructed under this agreement. Further, the project is located within a well-known mining dis- trict adjacent to concessions along the border of Region III, Chile and San Juan Province, Argentina between the Maricunga gold porphyry zone to the north and the El Indio high-sulphidation zone to the south. The two major trends include the Caspiche, La Coipa, Veladero, El Indio and Pascua Lama deposits. "We are excited with what we have seen so far and are looking forward to the results of the exploration program and the PEA in early 2018," says Lundin. An exploration plan to conduct another 10,000 metres of drill- ing is planned to start November 2017, which will include a deep hole to see what the geology looks like in the porphyry system under the oxide deposit. Lundin says he has had no conversations with the Lundin Group about adding the Filo de Sol Project to their pipeline of projects and at this point in time is open to options of developing the project themselves, joint ventures or equity partners. Lundin Mining Group has plenty of experience in the region where they currently operate the Candelaria and Ojos del Salado mines in Chile's Atacama Province, Region III, 20 km south of the city of Copiapó and 650 km north of Santiago. n

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