- Hot Chili (ASX: HCH) initiates the next phase of its 30,000-metre resource-growth-focused drill program at the company’s Costa Fuego project in Chile
- Since its commencement in late July 2023, the company has completed 47 RC drill holes for a total of 11,500 metres
- Ongoing drilling initiative seeks to explore various opportunities for resource growth, potentially leading to an elevation in the pre-feasibility study scale for Costa Fuego
- HCH last traded at 98.5 cents
Hot Chili (ASX: HCH) has initiated the next phase of its 30,000-metre resource-growth-focused drill program at the company’s Costa Fuego project in Chile.
Since its commencement in late July 2023, the company has completed 47 reverse circulation (RC) drill holes for a total of 11,500 metres.
The ongoing drilling initiative aims to explore various opportunities for resource growth, with the goal of elevating the pre-feasibility study scale for Costa Fuego.
The initial phase of drilling in H2 2023 focused on extending resources at Cortadera and conducting preliminary drilling at new satellite targets.
The second phase of drilling, which started on January 12, involved a 24-hour, double-shift diamond drill program covering 10 holes (5000 metres).
Five DD holes explored four large-scale targets at Cortadera, with the first hole investigating a significant anomaly north of Cortadera.
Another five DD holes were planned to test three large-scale targets adjacent to Productora.
HCH last traded at 98.5 cents.