| Announcement Date: | 2022-10-31 |
|---|---|
| Announcement Type: | Drilling Results |
| Announcement Code: | JORC |
| Company name: | Hot Chili Ltd. |
| Project name: | Costa Fuega |
| Location: | Chile |
| Commodities: | Gold,Copper |
| Highlight: | Drilling results incl. 244m at 0.7% Cu, 0.2g/t Au from 23m |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Hot Chili Limited (ASX: HCH) (TSXV: HCH) (OTCQX: HHLKF) (“Hot Chili” or “Company”) is pleased to announce further strong results from drilling across the Company’s Costa Fuego coastal range copper-gold project in Chile. Assays from metallurgical testwork diamond drillholes have continued to exceed expectations, with nearsurface, high grade intersections returned at the Productora and Alice porphyry deposits. This is in addition to two new significant intersections at the Valentina high-grade satellite, which represents a potential front-end, open pit ore source for the combined Costa Fuego coastal copper super-hub. First-ever drill results from the large-scale Santiago Z porphyry target have returned several wide silver and molybdenum intersections from shallow depths, however no significant copper-gold intersections were encountered. The results of this programme are being reviewed and a follow-up programme is being planned. Only thirty five percent of the target area at Santiago Z has been drill tested. Further drill results are expected in the coming weeks and the Company looks forward to providing an update on resource upgrade and Pre-feasibility Study (PFS) work streams shortly |
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