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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Cortadera | |
| Location: | Chile | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 9/30/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 30-9-2019: Hot Chili Ltd. announces an Exploration/Drilling Update report for its Cortadera deposit at the Productora project. Drilling results incl. 350m @ 0.6% Cu, 0.2g/t Au, 1.1ppm Ag, 18ppm Mo from 344m. 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 deliver first results from CRP0017D, which confirm a 300m expansion to the known extent of high grade, bulk tonnage, copper-gold recently discovered at the Cortadera copper-gold porphyry discovery in Chile. The 350m drill intersection is expected to grow with the return shortly of assays for a further 90m of strongly mineralised porphyry, registering CRP0017D as a third stand-out drill result for Hot Chili at Cortadera. Drilling is continuing to lift the status of Cortadera as one of the most significant global copper-gold porphyry discoveries of recent times. Hot Chili have received assay results for the first 350m of the second diamond drill hole of the Company’s phase 2 drill programme (CRP0017D) at the Cortadera copper-gold discovery, located 600km north of Santiago along the Chilean coastal range. Although results for a further 440m of diamond core are pending, CRP0017D has already delivered another stand-out drill result, recording 350m grading 0.6% copper and 0.2g/t gold from 344m down-hole depth. Remaining results are expected to increase the width of the drilling intersection from CRP0017D with a further 90m of strongly mineralised porphyry, followed by poorly mineralised porphyry recorded to end of hole (as reported to ASX 12th September 2019). | |
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