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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Cortadera | |
| Location: | Chile | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 9/12/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 12-9-2019: Hot Chili Ltd. announces an Exploration/Drilling Update report for its Cortadera deposit at the Productora project. Drilling results incl. 848m @ 0.4% Cu, 0.2g/t Au, 0.8ppm Ag, 50ppm Mo from 112m. Hot Chili Limited (ASX code HCH) (“Hot Chili” o | |
| Resources: | (Reserve, Prob.): 166.9Mt @ 0.43% Cu, 0.09g/t Au, 138ppm Mo at Productora | |
| CP/QP: | [Overall Report]: Christian Easterday (Internal) | |
| ABSTRACT: | Hot Chili Limited (ASX code HCH) (“Hot Chili” or “Company”) is pleased to confirm that results from its phase 2 diamond drill programme have successfully extended the recent discovery of a new, large, high grade zone further across the extent of the main porphyry of the Cortadera copper-gold porphyry discovery in Chile. Drilling is continuing to deliver record copper-gold intersections as the Company expands its ambitions for Cortadera’s growth and the emergence of a higher grade core to the deposit. Hot Chili have received all assay results for the first diamond drill hole of the Company’s phase 2 drill programme (CRP0011D) at the Cortadera copper-gold discovery, located 14km from the Company’s Productora coastal range copper development in Chile. Results received in CRP0011D have delivered another record result for the Company, delivering an 848m drilling intersection grading 0.4% copper and 0.2g/t gold from 112m downhole depth. Importantly, the CRP0011D intersection contains a high grade zone comprising 184m grading 0.7% copper and 0.3g/t gold which has been recorded approximately 100m to the east of the new, high grade, bulk tonnage zone discovered in diamond hole CRP0013D (188m grading 0.9% copper and 0.4g/t gold from 516m down-hole depth). | |
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