Posted on 05/08/2025 7:49:51 AM PDT by Red Badger
A groundbreaking discovery in South America has positioned a major copper project among the world’s top resources. Lundin Mining and BHP’s joint venture uncovers rich deposits of copper, gold, and silver.
Bingham copper mine, captured during the day. Credit; Shutterstock
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A major discovery in South America has thrust the Filo del Sol project into the spotlight. The Vicuña joint venture, formed by Lundin Mining and BHP, recently announced what is believed to be the largest greenfield copper find in the past three decades. This new find significantly boosts the project’s position, placing it among the world’s top ten copper resources.
A New Copper Giant in South America
According to Mining Technology, the Filo del Sol and Josemaria deposits are now home to an estimated 13 million tonnes of copper, classified as measured and indicated (M&I) resources, with an additional 25 million tonnes classified as inferred.
This discovery is regarded as one of the largest in the industry, adding to the growing importance of South America in global mining. Along with copper, the deposits contain substantial quantities of gold and silver—32 million ounces of gold and 659 million ounces of silver, all categorized as M&I resources.
The high-grade core of the Filo del Sol deposit has proven to be a particularly rich source. It contains 4.5 million tonnes of copper, 9.6 million ounces of gold, and 259 million ounces of silver. These figures demonstrate the exceptional value of the resources found at Filo del Sol.
The Expanding Potential of Filo del Sol
Drilling operations at the site have not yet reached the limits of mineralization, leaving plenty of room for future expansion. The resource is spread across a vast 10-square-kilometer area, with a strike length of 6.5 kilometers and a width of 1.5 kilometers. The potential for more significant finds continues to grow as drilling progresses, with some of the mineralization already extending beyond the current resource pit shell.
The discovery also marks a significant increase for Lundin Mining, with a 29% rise in measured and indicated copper mineral resources and a staggering 650% increase in inferred copper resources. This growth signals a shift in the potential of the project, highlighting the Filo del Sol deposits as one of the most promising copper resources in the world.
Plans for the Future of Filo del Sol
Lundin Mining’s president and CEO, Jack Lundin, has expressed excitement over the project’s potential, calling Filo del Sol one of the most significant greenfield discoveries of the last 30 years. The initial mineral resource estimate serves as a critical milestone for the project, with an integrated technical report on the combined project expected in the first quarter of 2026.
This report will further outline plans for development and continued exploration at the site, positioning Filo del Sol for a future as one of the world’s leading copper and precious metals operations.
In March 2025, Lundin Mining also entered into an exclusivity agreement with Talon Metals to negotiate an earn-in agreement, which could see Lundin acquire up to 70% of the Boulderdash and Roland nickel-copper exploration properties. This development adds to Lundin’s growing portfolio in South America, further securing its place in the global mining sector.
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D’Anconia Copper Ping!....................
Have they narrowed it down to any particular country in South America?
Why couldn’t the stupid “journalist” use the word “Argentina” instead of “South America”?
The excerpt doesn’t mention which South American country hosts this mine. Filo del Sol is in Argentina. THAT matters.
but there’s already a very big hole ,LOL
Because of El Presidente’s amigo...............
FWIW, a search tells me it is on the border between Chile and Argentina.
I was going to say the same thing.
Apparently, the writer never learned countries in public schools, only continents.
They are retarded and/or globalists.
As far as I know, the world largest coper deposit sits an hour drive from Phoenix.
Resolution mine in Superior AZ.
Blocked by the executive order of Biden on his fifth day of residency.
That project needs to restart NOW!
My first thought as well...is a "good" country or a "bad" one? Skimmed the article but only found "South America".
Argentina has recently become friendly to capitalists.
Might have a bearing on the discovery of a greater resource.
OK. South America is a big continent.
Any idea what country this is in?
Considering Colombia’s gold wealth, I would be inclined to guess there.
the project, which is located in the Atacama Region of Northern Chile and the nearby San Juan province of Argentina.
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Found that online. This is old news going back to at least 2019. Filo del Sol is a Canadian company. There’s a strategy behind bringing this up again in the news.
The project appears to be in Argentina, very close to the border of Chile. (about 5-10 miles from the border)
Amazing the author didn’t seem to think the location was important enough to mention!
Is that where all of the illegals have been burying their stolen electric cabling?
Bingham Copper Mine outside of Salt Lake City is the world’s largest. Resolution may have more reserves.
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