Sumary of Hot Chili confirms second copper system in Chile:
- File Share to FacebookShare to TwitterEmail UsCopy the Link Things are starting to get spicy for Hot Chili in its copper hunt in South America..
- Already boasting a 724 million tonne resource grading 0.48 per cent copper equivalent across its Costa Fuego suite of tenements in Chile, the company has defined what appears to be a second large porphyry copper system at the newly acquired Santiago Z tenure..
- In January Hot Chili commenced an aggressive 40,000 metre resource drilling campaign at the Cortadera project which forms a part of the total Costa Fuego resources..
- Three rigs are currently working overtime across the tenure aiming to deliver a major resource upgrade in the fourth quarter this year..
- Cortadera has already grown into a mammoth 451 million tonne deposit grading 0.46 per cent copper equivalent since being acquired by the company in early 2019..
- The good news continues to flow at Cortadera with drill results released last month returning what the company believes to be another world-class intercept with a whopping 813 metre interval going 0.4 per cent copper and 0.1 grams per tonne gold from just 54m depth..
- New soil results and mapping from Santiago Z appear to confirm a large copper porphyry footprint measuring over 4km in length and 2km in width with a stronger molybdenum presence than initially recorded..
- The enrichment of copper, gold and silver in the soil – all signature metals for the Cortadera discovery – appear to add further lustre to the prospects at Santiago Z…