Mogotes Metals' "Best Ever" Drill Results at the Filo Sur Project
CEO.CA May 15, 2026 7:24
Summary
Mogotes' CEO calls the first Albor drill hole at Filo Sur the company's best result yet, opening a new zone.
The 464-metre hole returned 86 m at 0.7% copper, 0.55 g/t gold, plus silver and molybdenum by-products.
Only 194 m of the hole has been assayed, and roughly 3,300 m of the drill program is still unreported.
The guest says shallow, wide high-grade intercepts are cheaper to follow up than deep porphyry-style systems.
With just over US$40M left, management says the company is funded through next year and into Montana and Kazakhstan.
Allen Sabet's takeaways
- Top takeaway He argues the intercept shows the project sits close to a heat source, with the minerals and alteration expected near porphyry core and good grades over wide intervals.
- He says the breccia intersection with several mineralization phases and different types of copper opens the project wider, and that the company is close to finding a potentially larger system nearby, so he plans to drill aggressively around this hole looking for a repeat.
- He frames the result as evidence against the prevailing speculation that no such system exists at Filo Sur, calling the hole a proof point worth following up.
- He says main investors, geologists and long-standing shareholders contacted him with positive reactions, which he reads as the exploration community seeing a strong start.
- He is explicit that it is early: only the first 194 m of the hole is reported, roughly 3,300 m of program metres are not yet in his possession, and he will decide on follow-up only after the rest of the results are compiled.