Freehill Mining Reports Encouraging Copper and Gold Assays from El Dorado Project

The El Dorado project, a 730-hectare site owned by Freehill Mining, has yielded significant copper and gold results, further solidifying the potential of the area. Located adjacent to the Yerbas Buenas magnetite mine and aggregates operation, the El Dorado project has shown IOCG style magnetite-copper-gold mineralisation. The latest exploration phase, focusing on the northern tenement, has produced high-grade copper and gold assay results from rock chip samples, building upon previous findings.

Key Takeaways:

• The El Dorado project has yielded copper grades up to 4.0% Cu and gold grades up to 1.71g/t Au, further demonstrating the mineralised potential of the area.
• Previous assays from Target A showed up to 13.52g/t Au and an average gold grade of 5.24 g/t Au over a 200-metre mineralised vein.
• The company plans to conduct follow-up exploration activities to define small-scale mine development opportunities and explore potential mineralised bodies at depth.
• Freehill Mining is also advancing its aggregates business, with the second site in the commissioning phase and expected deliveries to commence this month.
• Ben Jarvis, Chairman of Freehill, highlighted the potential of the El Dorado project and the company's focus on advancing the Yerbas Buenas magnetite mine.
• The aggregates business is progressing on schedule, with a detailed update on progress expected soon.

Statistics:

• Copper grades: up to 4.0% Cu
• Gold grades: up to 1.71g/t Au, 1.31g/t Au, and 0.9g/t Au
• Previous assays from Target A: up to 13.52g/t Au and an average gold grade of 5.24 g/t Au over 200m
• 730 hectares: the total area of the El Dorado project
• 200m: the length of the mineralised vein at Target A

Sources:

• Freehill Mining Limited (ASX: FHS)
• Global Data Point. (2022)
• SyndiGate Media Inc.