Market Alert: ASX200 at Critical Support – Reversal or Further Fall?
Southern Hemisphere Mining Limited (ASX: SUH) has announced positive results from a deep-penetrating Magneto-Telluric (MT) survey conducted over its 100%-owned Llahuin Copper-Gold Project in Chile. The survey revealed a strong correlation between resistivity anomalies and geochemical models at the Curiosity copper-gold target. The MT results highlight a large low-resistivity zone extending to 1,400 meters depth—an indicator of potential sulphide mineralisation. This zone is supported by geochemistry, drilling data, and induced polarisation modelling. Comparisons have been made to Chile’s large Valeriano porphyry deposit, boosting optimism. Historical drill results include intercepts of 164m at 0.16% CuEq and 106m at 0.13% CuEq. The company intends to conduct deep drilling operations reaching depths of up to 1,400 meters to investigate the anomaly. With confirmed geological similarities to major copper systems and a solid foundation of prior drilling and geophysics, the Curiosity target offers significant potential to expand the project’s mineralisation footprint.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.