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Freehill Mining Advances Blanco y Negro Copper-Gold Project in Chile

Freehill Mining Limited (ASX: FHS) announced progress on the development of its Blanco y Negro Copper-Gold Project in Chile, following the successful review of the project’s Mineral Resource Estimate (MRE) data and geological block model. The review is expected to support faster technical execution and reduce development risk as the company advances mine planning activities. The Blanco y Negro project covers 128 hectares of granted mining leases and hosts an existing JORC-compliant resource of approximately 1.5 million tonnes grading around 1.4% copper and 0.5 g/t gold. Historical drilling returned several high-grade intercepts, including 20 metres at 2.1% copper and 1 g/t gold, reinforcing the project’s exploration and development potential.

Freehill stated that the updated geological assessment and resource block model provide a strong technical foundation for underground mine planning and future drilling programs. The company also highlighted the project’s strategic location, approximately 30 kilometres from ENAMI’s SX-EW processing plant, which could offer a low-capex toll-treatment opportunity. Management noted that Freehill’s existing aggregates operations in Chile provide operational expertise, local workforce access, and infrastructure support that may help accelerate permitting and project development.

 

 

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