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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | Cortadera | |
| Location: | Chile | |
| Commodities: | Gold-Copper-Silver-Molybdenum | |
| Date: | 5/9/2019 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 9-5-2019: Hot Chili Ltd. announces an Exploration/Drilling Update report for its Cortadera deposit at the Productora project. Drilling results incl. 122m @ 0.6% Cu, 0.3g/t Au, 1.3ppm Ag, 4ppm Mo from 0m. Hot Chili Limited (ASX code HCH) (“Hot Chili” or “C | |
| 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 strong first results and an expansion of the Company’s confirmation drill programme following wide intersections of mineralisation in recent deep RC holes at the Cortadera copper-gold porphyry discovery in Chile. 2 Hot Chili’s Chairman Murray Black said that the early results validated the Company’s view of Cortadera as a major new copper-gold porphyry discovery. “Results announced today are the first step in Hot Chili’s validation of Cortadera as a major copper-gold discovery, that has the potential to be transformative for the Company. “Under a combined development scenario, Cortadera and Productora look likely to underpin a globally significant new copper development on the coastal range of Chile, virtually unrivalled in size, location and infrastructure advantage by our peers.” Black said Cortadera is a privately-owned, major copper-gold porphyry discovery located along the Chilean coastal range, where historical world-class discovery drill results have only recently been publicly released by Hot Chili. Importantly, Cortadera lies 14km from the Company’s large-scale Productora copper development and adjacent to the high grade El Fuego satellite copper projects, as displayed in Figure 1 below. | |
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