Northwire Canada EditionThursday, July 16, 2026
Sign inSubscribe
Northwire
⌕
GGAU 0.190 +0.0% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.10 −3.5% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.48 +0.6% CAM 0.330 −1.5% SYH 0.400 −1.2% LOT 0.035 −12.5% CPL 0.180 −5.3% OTMC 0.410 +2.5% PEX 0.180 −2.7% GGAU 0.190 +0.0% KIRO 0.640 +0.0% LBNK 0.430 +0.0% BARU 0.040 +0.0% VCU 1.10 −3.5% NOBL 0.100 +0.0% SHL 0.360 +1.4% MTS 0.130 +0.0% FYL 0.090 +0.0% NUAG 5.48 +0.6% CAM 0.330 −1.5% SYH 0.400 −1.2% LOT 0.035 −12.5% CPL 0.180 −5.3% OTMC 0.410 +2.5% PEX 0.180 −2.7%
Drill Results

Mogotes Metals continues drilling targets at Filo Sur

By The Northwire Desk — AI Analysis Feb 26, 2026 · 16:40 MOG · 0.59 Mogotes Metals Inc.
MOG · Price

Executive Summary

  • Mogotes Metals Inc. has activated a third diamond drill rig at its Filo Sur project, located directly south of the BHP/Lundin Filo del Sol resource, to advance drilling on key priority targets in both Argentina and Chile.
  • The drilling program has expanded at the Cruz del Sur target in Argentina from one to four holes following encouraging geological features in the initial hole, with results expected in March.
  • Operations have commenced in Chile at the high-sulphidation Meseta target (HSE Au-Ag), with plans to move to the Luz del Sol target as the season permits; the program will continue until operational conditions necessitate closure.

Key Details

  • Drilling Activity: Three active drill rigs are now operating on the Filo Sur project.
  • Argentina Operations:
    • Initial focus was on lower-altitude targets at Cruz del Sur and Stockwork Hills.
    • Cruz del Sur: The drill test expanded from a single hole to four holes due to encouraging geological features intercepted in the first hole.
    • Timeline: Results from Cruz del Sur and Stockwork Hills are expected in March.
  • Chile Operations:
    • Drilling has commenced at the Meseta HSE Au-Ag target, located near the Mogotes/BHP-Lundin property boundary.
    • Future plans include moving to the lower-altitude Luz del Sol target (previously called Los Mogotes) as the season allows.
  • Program Duration: Drilling will continue until operational conditions necessitate the closure of the program.
  • Reporting Strategy: Results will be released on a target-by-target basis as they are received and interpreted.
  • Conference Participation: The company will exhibit at PDAC 2025 in Toronto at Booth 2847.

Notable Quotes

  • Allen Sabet, CEO: "Our third diamond drill rig is now turning on the project. We have commenced drilling at our precious metals high-sulphidation Meseta target in Chile... With the third rig in place, we plan to test as many targets as possible (including priority Chilean target) while the drill season allows. We look forward to updating the market as results flow through this drilling season."
Read the original news release →

More from Mogotes Metals Inc.

Jul 13, 2026 · 15:23

Rio Tinto invests us$15m at c$0.70/unit on filu sur, endorsing the vicuña copper-gold district.

Financings Jul 09, 2026 · 07:01

Mogotes Albor hole extends to 180 m at 0.98% CuEq, though grade dilutes versus prior partial assays.

Drill Results May 14, 2026 · 06:31

Shallow High-Grade Cu-Au-Ag-Mo Hit at Albor Confirms Second Discovery in Filo Sur’s Vicuña District—But Cash Burn and Dilution Overhang Keep Investors Cautious

Drill Results May 01, 2026 · 07:01

Mogotes Metals Validates Filo Sur Thesis with First Drill Results After Price Correction

Drill Results Apr 21, 2026 · 01:30

Strategic Option Fulfillment

M&A / Property Apr 20, 2026 · 12:55

Mogotes Metals Consolidates Chilean Assets Amidst Rio Tinto JV Dilution Concerns

M&A / Property