| That’s what you would have experienced if you bought Filo Corp. when it was recommended in Gold Newsletter in July of 2020 and held it through the company’s recent takeout by BHP and Lundin Mining.
Filo performed this feat by outlining a massive new deposit in the Vicuña copper-gold district that straddles the border between Argentina and Chile.
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| The big gains for Filo began in May 2021, when a hole drilled to test the district-scale project at depth cut an amazing 163 meters of 5.43% copper equivalent within 858 meters of 1.8% copper-equivalent.
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| Over the next three years, the company would drill holes to depths of 1,800 meters, hitting multiple, kilometer-long holes of mineable grade copper-gold mineralization along the way.
The recent C$4.5 billion takeout by BHP and Lundin Mining reflected the industry’s desperate need for more Tier 1 copper-gold deposits.
The good news here is that the Vicuña district has proven to host not just Filo del Sol, but also NGEx Minerals’ recent Lunahuasi and Los Helados discoveries. That’s three massive copper-gold discoveries and — as you’ll see below — the trend could not be more clear or compelling.
Obviously, investors are going to eagerly search for the next pearl on the string.
And it won’t be long before they run across newly-listed Mogotes Metals (MOG.V) — the company that not only locked up a tremendous land position directly on trend...but has identified several large untested targets.
With a cash position of C$8.5 million (as of June 15, 2024) and plans to drill the next high-potential targets in the trend, this is the chance for the next bite at the apple in the Vicuña district.
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| Vicuña:
Three Massive Discoveries In A Row
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| As the map below makes clear, you couldn’t ask for a better location for Mogotes Metals’ Filo Sur project.
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| Click image to enlarge.
Mogotes Metals’ Filo Sur project lies next on the Vicuña copper belt trend, directly to the south of the world-class discoveries by Filo and NGEx Minerals.
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| The map shows the Vicuña Copper District that follows the Argentina-Chile border. As mentioned, Filo Sur is directly south of Filo del Sol.
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| It’s also on trend with Lunahuasi and Los Helados. These discoveries sent NGEx Minerals from C$100 million to C$1.8 billion in market cap over just a few short years.
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| The story for Mogotes isn’t just one of location: The same Miocene-era rocks that host Filo del Sol, Lunahuasi and Los Helados host the company’s Filo Sur project.
The point is, mineral districts don’t just suddenly stop at property boundaries, and Filo Sur has all the markings of the Vicuña district’s next big discovery.
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| Large Targets, Lightly Tested
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| This next map shows the large geophysical anomalies that Mogotes has identified with MT surveying. The anomalies are the numbers on the left and are located directly south of Filo del Sol, which is highlighted on the right.
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| Click image to enlarge.
MT surveying has identified key anomalies at a depth of 600 meters on Filo Sur, which jibes with the presence of Filo del Sur’s Aurora target at depth.
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| Here’s the important point: MT surveying also outlined the Aurora deposit area at Filo del Sol.
The reddish targets on Filo Sur indicate anomalies detected at roughly 600 meters depth — the same depth as the anomalies for Filo’s Aurora target.
This depth also underscores the under-tested nature of the target, because historic drill holes at Filo Sur only tested to a depth of 377 meters. That means many of the best targets on this property have yet to be drill-tested.
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| That fact becomes even more important when you realize that the big Aurora discovery at Filo del Sur occurs at depth and extends to as much as 1,800 meters below surface.
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| Better yet, this is just one of many data sets the company has collected that make those targets worthy of significant exploration.
A chance to buy into a company in one of the world’s hottest exploration districts that has yet to test its most promising targets. That simply put, is the opportunity Mogotes Metals offers at Filo Sur.
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| Cashed Up And Ready To Go
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| As a newly listed company that recently cashed up with a financing, Mogotes Metals has the money to explore Filo Sur aggressively in the months just ahead.
Once spring hits in the Vicuña district in October, Mogotes will hit the ground running with a ground-truthing program that will likely include further drilling.
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| Given the success that this district has enjoyed in recent years and the hot markets for both copper and gold, you can bet that the market will take a close interest in this exploration program.
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| That’s just the first step in the path toward potential market gains.
Any success with the drill bit has the potential to send Mogotes Metals share price skyward and to attract the attention of majors who are constantly on the hunt for more Tier 1 copper projects.
BHP has already proven that its willing to pay top dollar for projects in the Vicuña district. If things go well with drilling at Filo Sur, there are a number of possibilities that could materialize.
This remarkable level of upside makes now an ideal time to take a closer look at Mogotes Metals.
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| CLICK HERE
To Learn More about Mogotes Metals Inc.
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