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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Cortadera | |
| Location: | Chile | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 3/20/2020 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 20-3-2020: Hot Chili Ltd. announces an Exploration/Drilling Update report for its Cortadera deposit at the Productora project. Drilling results incl. 70m @ 0.4% Cu, 0.2g/t Au, 0.4ppm Ag, 4ppm Mo from 294m. Hot Chili Limited (ASX code HCH) (“Hot Chili” or | |
| Resources: | (not mentioned in this report) | |
| CP/QP: | [Overall Report]: Christian Easterday (Internal) | |
| ABSTRACT: | Hot Chili Limited (ASX code HCH) (“Hot Chili” or “Company”) is pleased to announce another record drill result and another large boost to the scale of the rapidly emerging Cortadera copper-gold porphyry discovery in Chile. The new result from Diamond (DD) drill hole CRP0040D recorded a 542m intersection grading 0.5% copper and 0.2g/t gold from 422m depth down-hole, which included a wide higher grade zone of 218m grading 0.7% copper and 0.2g/t gold. It is Hot Chili's sixth record drill result delivered at Cortadera since July last year, and importantly, it has significantly extended the strike length of the largest porphyry discovered to date - Cuerpo 3 - by a further 100m. The bulk tonnage high grade core discovered at Cuerpo 3 is continuing to expand in size and importance as a key value driver in the development potential of Cortadera. In response to the rapidly developing Coronavirus global pandemic, Hot Chili have temporarily suspended its drilling operations in Chile. | |
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