Announcement Date: 2023-04-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Hot Chili Ltd.
Project name: Costa Fuego
Location: Chile
Commodities: Gold,Silver,Copper,Molybdenum
Highlight: Drilling results incl. 270m at 0.4% Cu, 0.1g/t Au, 1.2g/t Ag, 21ppm Mofrom surface
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 encouraging drill results that confirm the potential for further resource growth at the Cortadera copper-gold resource, the centrepiece of the Company’s low-altitude, Costa Fuego coppergold project in Chile. Cortadera’s Mineral Resource comprises three porphyry centres, which extend from surface over a strike extent of 2.3km. Cortadera’s two eastern porphyries have been defined to vertical depths up to 1.3km, however, drilling across the western-most porphyry (Cuerpo 1) had previously not intersected higher grade mineralisation (+0.3% CuEq) below 220m depth prior to 2023’s drill programme. New drill results now confirm that higher grade mineralisation (+0.3% CuEq) extends and remains open at depth below Cuerpo 1 ahead of a planned Mineral Resource update for the second half of 2023.
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