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Mogotes Metals Inc. ( (TSE:MOG) ) has issued an update.
Mogotes Metals has mobilized four drill rigs at its Mogotes Filo Sur project on the Argentina-Chile border, marking its largest drill campaign to date and targeting multiple porphyry and high-sulfidation epithermal prospects. Two rigs are focused on the priority Luz del Sol prospect in Chile and two on targets in Argentina, underscoring the strategic importance of the project’s position next to BHP and Lundin’s Filo del Sol resource.
Recent 3D geophysical modelling and drone magnetic surveys have outlined a 3.25-kilometre conductive trend and a large magnetic anomaly at Luz del Sol, supporting the potential for a significant porphyry system along a key regional fault zone. Mogotes expects to release assay results from southern targets such as Cruz del Sur and Stockwork Hills in the coming weeks, while also engaging investors through an upcoming webinar that will provide an update on Filo Sur and a brief overview of its Beskauga project in Kazakhstan.
More about Mogotes Metals Inc.
Mogotes Metals Inc. is a Toronto-based mineral exploration company focused on copper, gold and silver targets in the Vicuña district straddling the Argentina-Chile border. Its flagship Mogotes Filo Sur project adjoins the large BHP/Lundin Filo del Sol deposit, positioning the company in a highly prospective Andean porphyry and epithermal belt with significant interest from major mining players.
Average Trading Volume: 591,313
Technical Sentiment Signal: Hold
Current Market Cap: C$160.8M
For an in-depth examination of MOG stock, go to TipRanks’ Overview page.