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Hot Chili Ltd.
Summary
| Project: | Productora | |
|---|---|---|
| Deposit: | San Antonio | |
| Location: | Chile | |
| Commodities: | Gold-Silver-Copper | |
| Date: | 8/6/2018 | |
| Report Code: | JORC | |
| Report Type: | Exploration/Drilling Update | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-8-2018: Hot Chili Ltd. announces an Exploration/Drilling Update report for its San Antonio deposit at the Productora project. Drilling results incl. 53.0m @ 0.9% Cu, 3.0g/t Ag from 72.0m. San Antonio is quickly emerging as a high value copper discovery | |
| Resources: | (Reserve, Prob.): 166.9Mt @ 0.435 Cu, 0.09g/t Au, 138ppm Mo at Productora | |
| CP/QP: | [Overall Report]: Christian Easterday (Internal) | |
| ABSTRACT: | San Antonio is quickly emerging as a high value copper discovery with each result expanding the deposit’s potential size and importance for Hot Chili. Hot Chili’s Managing Director Christian Easterday said the results to date have exceeded expectations and mark a new phase in Hot Chili’s growth. “We are extremely pleased that our first drill programme has met with such success, confirming a potentially large, high grade copper deposit from surface at San Antonio” Easterday said “Hot Chili has never before had access to substantial high grade ore sources that could be combined to sweeten the grade of our bulk tonnage, large-scale development at Productora. “That has changed now. “Together with Valentina, these two deposits have the potential to both add and unlock significant value for Hot Chili. “Our consolidation strategy means that the impact of high grade growth is a steroid boost to our ambition to establish Hot Chili as the premier ASX-listed copper development company.” New Drill Results Expand San Antonio Discovery The San Antonio copper mine forms part of the Company’s new consolidated El Fuego copper project in Chile and is located 20km east of Productora as shown in Figure 1 below | |
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