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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Cortadera | |
| Location: | Chile | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 6/5/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 5-6-2019: Hot Chili Ltd. announces an Exploration/Drilling Update report for its Cortadera deposit at the Productora project. Drilling results incl. 156m @ 0.4% Cu, 0.1g/t Au, 0.5ppm Ag, 70ppm Mo from 206m. Hot Chili Limited (ASX code HCH) (“Hot Chili” or | |
| Resources: | (Reserve, Prob.): 166.9Mt @ 0.43% Cu, 0.09g/t Au, 138ppm Mo | |
| CP/QP: | [Overall Report]: Christian Easterday (Internal) | |
| ABSTRACT: | Hot Chili Limited (ASX code HCH) (“Hot Chili” or “Company”) is pleased to announce that Diamond (DD) drilling has expanded the growth potential of the Cortadera copper-gold porphyry discovery in Chile, confirming larger potential than the Company had anticipated. Results for the Company’s first two DD holes are expected to be received in the coming fortnight. However, at an early stage it is evident that both holes point to significantly larger potential scale of the Main porphyry (Cuerpo 3) at Cortadera than the Company had first recognised. Cortadera is located 14km directly from the Company’s large-scale Productora copper development in Chile and a combination of the two bulk-scale deposits is at the centre of Hot Chili’s plan to develop a large regional copper production hub. | |
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