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Southern Hemisphere Mining Limited ( (AU:SUH) ) just unveiled an update.
Southern Hemisphere Mining has completed Phase I deep diamond drilling at its Southern Porphyry copper target in South America, executing more than 5,000 metres across four holes in joint venture with FMR Resources. The work has confirmed a vertically extensive porphyry-related hydrothermal system with multiple fertile intrusive phases, broad zones of stockwork veining and sulphide mineralisation, and increasing molybdenum and gold anomalism indicating proximity to a concealed porphyry core.
Key assay results from Target C include 124 metres at 0.31% copper equivalent from 258 metres, with a higher-grade 20-metre interval at 0.48% copper equivalent, while Target K returned several mineralised intercepts including 104 metres at 0.16% copper equivalent from 522 metres. Drill work at Target L has cut extensive mineralised breccia and porphyry with visible molybdenite and chalcopyrite, and the company is now planning Phase II drilling to vector toward the interpreted high-grade porphyry centre, while also moving rigs to its 100% owned Llahuin ground for further diamond tails on existing holes.
More about Southern Hemisphere Mining Limited
Southern Hemisphere Mining Limited is an Australia-listed mineral exploration company focused on copper and gold projects in South America. The company is advancing large porphyry copper systems, targeting bulk-tonnage deposits through joint ventures and wholly owned tenements to build a pipeline of copper-gold resources.
Average Trading Volume: 616,583
Technical Sentiment Signal: Sell
Current Market Cap: A$18.41M
Learn more about SUH stock on TipRanks’ Stock Analysis page.